Nexus (NXS) Target $3.87 (345% Profit Potential)...What's the NXS/BTC Target? Check out this Analysis!
SUMMARY
Nexus (NXS) has been crushing the BULLS BALLS with a relentless killer a,b,c correction! However, based on Elliott Wave Count & Chart Pattern Recognition, I believe the bottom is near.
The below chart shows perhaps one more dip could be probable, though not required. The five impulse white waves i,ii,iii,iv,v resulted in an extended 5th wave which likely portends a very large and deep retracement. Sure enough, that is what can be seen.
The a,b,c retracenement is an expanded flat (those who have viewed my tutorial video #2 should know exactly that this count is!). The c wave consists of five waves and thus I've labeled the subwaves as blue. It looks as if the bottom could be or will be very shortly be complete! I've added a forward discerning price pathway with a target of $3.87 or so.
Chart Pattern Recognition and its forward discernment are equally vital. Below is what could be a longer term Cup & Handle pattern.
IMHO, when the NXS/BTC also confirms in count and pattern to the NXS/USD...it's BULLISH! The below chart shows a target of 0.000971 on a midterm time scale. Booyah!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
how many coins would you suggest someone be invested in??
surely you dont invest in every coin with huge potential right?
i have found myself in too many coins to even keep up with. how do you manage it? and how much can you handle at a given time?
Often 12 or so coins.
I have investment levels like EOS and BTS.
I have trade levels where I buy sell per signals.
I have cash which is 20% or so.
is there a ratio or a rule you follow
Usually no more than one coin, but can reach 50% if compelling signals.
3% on smallest allocation
Always Diversified
I'm sorry, can you explain a little better? maybe at the end of a video or just elaborate a little more if you have time?
No more than 1 coin to be holding at any given time?
but can reach 50% ( meaning split your budget into 2 coins if its a good move) ??
Am I understanding it right?
I believe he is referencing the most he would move of the equity set aside for trading if the signals are strong enough. It is prudent to have a long term plan you don't keep pulling from like XVG BTS EOS DGB, and then have equity set aside to move into and out of positions, but also always keep cash available for an unexpected opportunity. One benefit of taking requests is that we all get to see coins we never would have looked at on our own....thus the unexpected opportunity. In essence, even with a monster trade probable, no more than 50% trade equity would be put in....remember, there are always more possibilities than probabilities, so you must protect you profits you have accumulated by storing them and limiting your future trade percentages. Stick to a basic set of rules, when you break them, you almost always regret it.
ahhh I see, thank you very much for clarifying... can you explain whats going on with BCC&BTC?
Thank you!!
hahaha. who believes this stuff. :))) you crack me up haejin!
I'll check back in 3 days to laugh together at this prediction when the price hits a new low :)
Believes it? Son this is gold handed to you for free. I'm making money left and right learning from this guy. If you're not, you're the one doing something wrong.
proof? you can find me on the steemit.chat for a friendly chat if you are not just a troll :) or leave me your telegram.