Crypto Trade Alert: I Just Bought Nubits - Ticker NBT
Hey folks, quick update here. Just bought Nubits, got an alert from Crypto Watson and here is the 4 hour chart:
Comment: Try to get in before 0.00030 BTC if you are interested. Looks like we could form a cup formation here and the MACD has a crossover.
However, the best thing with Nubits is its upward potential, it is staggering. I will show you on the weekly chart:
Comment: As you can see, there is a potential of a 17x return on investment here, that is staggering but there is always risk to the downside to consider. I will exit this trade if it does close below 0.00023 BTC on the 4 hour chart.
You can go here and have a look over at Bittrex:
https://bittrex.com/Market/Index?MarketName=BTC-NBT
Happy trading!
Nubits was one of the first cryptocurrencies pegged to USD. It has quite flexible mechanisms to maintain the peg, but it has fractional reserves (50% of NBT value in BTC the last time I checked ) and the last time I checked there was some internal division and the price of Nushares (a cryptocurrency that works like shares of the company, it is issued when the reserves are below the minimum and bought back when they are above ) was around 10 satoshis.
Aha, interesting, I had no idea. Lets see how this develops, Im probably not gonna own it for many days.
What software/website do you use to get your charts?