Some of you have asked me to make a Bittrex NXT to BTC version of my NXT to USDT chart. Here it is.
For those of you just joining us, please check out my charts on this coin. My predictions have been fairly accurate since December 5th.
The rebuy zone has already passed from the USDT chart has already passed.
On the BTC chart you can see a clear symmetrical triangle forming. A note of caution: a symmetrical triangle is neutral. Another note of caution: a symmetrical triangle can turn into an ascending or a descending triangle over time.
That said, I've added in blue arrows indicating what I think will be the most likely path over the next 2 days. When the price touches the 1.6 fib extension, I will need to recalculate for the next leg.
IMO people is buying NXT because of the snapshot. I have my NXT on bittrex and they will freeze NXT a few hours before the snapshot, but they don't say when will NXT tradable again. There will be a massive sellof after the snapshot. What it worries me is that after the snapshot some exchanges might allow to trade NXT before Bittrex does. That said and in general,what is your opinion? To sell NXT before of after the snapshot?
Tmoran
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@Ducky23, You are correct; however, many people will also have NXT in wallets and will need to transfer back to exchanges, which will also take time. Only people who don't plan on getting Ingis will be selling during the freeze period.
I'm split on this, so I'm splitting my decision. I'll cash out around 1/3 at whatever I calculate the probable high to be on the 27th (my timezone) 28th UTC. I'll cash out another 1/3 just after the snapshot, when Bittrex allows. I now plan to keep 1/3 to help out NXT since they made me such a ridiculous profit this month. I'm also planning on adding the free Ingis to my long term portfolio and buying some Ardor to add to my long term portfolio.
plainsimpl3
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@Ducky23, With bittrex shady practices and selective scamming (proof all over internet) i would stay away from this exchange.
iorycazat
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THX for Great idea ! is NXT/BTC still in buy timing ??
Tmoran
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@iorycazat, Yes this is still a good buy. The top of the triangle has just been broken = bullish sign.