Hey guys!
I have made a lot of analyses on NLGBTC which showed the upside potential, however, none of them came out to be right.
But then again, I have also given a clear stoploss! If you would had followed my idea, you would hadlost 10%, but you will now be able to buy 30% more NLG! But wait...
Should you buy now, or should you wait?
In general, the entire alt market is on hold and making space for Bitcoin to grow. So I will not buy yet. I will buy when:
1. A good moment to buy would be when NLG bounces off the first support trendline. (The upper yellow line). However, if this happens before we have crossed the blue line, then I would not buy.
2. If the yellow trendline breaks, a really good buy would be anywhere around 520. It has a major support on this level, and it gets additional strength from the long term support trendline. This is what I am waiting for now.
In both scenario's I will have a stop loss under 420. I do not expect it to go below, but if it does, it will go down another 25%.
Targets are basically all the lines that are above.
I have sold all my NLG at an average of 976 sat. I am planning on buying according to these two factors. Buying at 500-600 nearly doubles the NLG I had before!
I will keep you updated if anything changes (fundamentally).
I will gladly answer questions, so feel free to comment on my idea. Also, I would love to see your idea for NLGBTC (or NLGUSD).
If you like my work, a follow and thumbs up keeps me motivated!
I have made a lot of analyses on NLGBTC which showed the upside potential, however, none of them came out to be right.
But then again, I have also given a clear stoploss! If you would had followed my idea, you would hadlost 10%, but you will now be able to buy 30% more NLG! But wait...
Should you buy now, or should you wait?
In general, the entire alt market is on hold and making space for Bitcoin to grow. So I will not buy yet. I will buy when:
1. A good moment to buy would be when NLG bounces off the first support trendline. (The upper yellow line). However, if this happens before we have crossed the blue line, then I would not buy.
2. If the yellow trendline breaks, a really good buy would be anywhere around 520. It has a major support on this level, and it gets additional strength from the long term support trendline. This is what I am waiting for now.
In both scenario's I will have a stop loss under 420. I do not expect it to go below, but if it does, it will go down another 25%.
Targets are basically all the lines that are above.
I have sold all my NLG at an average of 976 sat. I am planning on buying according to these two factors. Buying at 500-600 nearly doubles the NLG I had before!
I will keep you updated if anything changes (fundamentally).
I will gladly answer questions, so feel free to comment on my idea. Also, I would love to see your idea for NLGBTC (or NLGUSD).
If you like my work, a follow and thumbs up keeps me motivated!
Commento:
I buy if it bounces on the yellow line. We could retrace to 1000 satoshi after that.
