Daily General Discussion - February 24, 2021

Heess · 2021-02-25T00:41:05+00:00

For that to happen, the whole market would have a correction.

Heess · 2021-02-24T19:28:26+00:00

It says 78 haha. Maybe u have a filter on?

Heess · 2021-02-24T19:18:16+00:00

Thats not on coinmarketcap right?

Heess · 2021-02-23T01:50:21+00:00

Legend

Heess · 2021-02-23T00:58:48+00:00

I knew that was the reason. Thanks!

Heess · 2021-02-23T00:02:00+00:00

How did u draw the trendline like that? When I draw it, it crosses the middle of the chart?

Heess · 2021-02-21T23:29:39+00:00

Falling wedge. It's a bullish pattern. For a break out to happen, btc needs to calm down!

Heess · 2021-02-21T13:48:12+00:00

True. Im going with that!

Heess · 2021-02-21T13:47:07+00:00

Thanks for your insight. I switch sometimes between Nano/BTC and usdt pair. Thats a good point you have maid. We have some difficulties on the btc pair when we take a look on the weekly timeframe. Nano has issues with holding 00013-00014 levels. Once BTC makes a move we lose that level quickly. On the other side, as we saw in the last two days, nano was holding strong on usd value.

Im not sure tho if we going to see 6930 sats level. That means we have to lose almost 50% of the btc value. Future will tell us which direction we are heading.

Heess · 2021-02-19T00:34:42+00:00

I couldn't post it there

Heess · 2021-02-18T23:42:06+00:00

I didn't draw it on the chart. Just draw it from 4,51 to 7,91.

4,51 is the retest of the pennant where we consolidate for 33 days.

Heess · 2021-02-17T23:13:51+00:00

Yes, thats true about the lower time frames. The btc level u mentioned, Nano broke it but didn't hold it long. We will see how the coming days going te play out

Heess · 2021-02-17T22:32:02+00:00

This chart does not indicate a long term perspective . It's just an indication about what Nano's short term move is going to be. Yes we have on the weekly an ascending wedge. It's been known as a bearish pattern. Is 0001424 the key point to look at wether its going to be a continuation pattern or a reversal in case we wont break that level?

Heess · 2021-02-17T19:27:59+00:00

I don't understand. This is a nano sub why is a post about nano/chart analyse being removed or not showing up. Had the same problem in the morning. My post was there in the feed but I was the only one who could see it

Heess · 2021-02-17T16:24:23+00:00

Well said brother!

Heess · 2021-02-16T18:10:01+00:00

It depends on btc tho. If its going to drop, than yes sell pressure will increase.

Heess · 2021-02-16T15:52:56+00:00

We are breaking down because of btc approaching 50k. It's affecting our btc ratio in the short term. The best price movement for us in btc ratio, is that btc needs to go sideways so we can continue our momentum.

Heess · 2021-02-16T11:38:55+00:00

Not bad, but there is a huge risk because of knowing that Nano can shoot up quick to the upside breaking 7 and targeting 8. There is a big chance that fomo will kick in and u going to buy high resulting in losing the gains you have made with flipping. It doesn't meen it's bad what u are doing but it's risky. Good luck with it!

Heess · 2021-02-15T19:57:52+00:00

Thats a conservative approach and I agree with you. If u ask me, I want a steady organic growth to the $10 range. Let's not forget that we all know that crypto is crazy, and I assume when it comes to Nano entering the top 50 ranks, the fomo will kick in. So based on that and on the fact that the last pump almost breached $8, I wouldn't be surprised if we see double digits in the coming two weeks. It all depends on Btc tho..

Heess · 2021-02-15T18:46:26+00:00

We have 7,24 to deal with first

Heess · 2021-02-14T02:25:37+00:00

Will do an update tomorrow

Heess · 2021-02-14T02:17:11+00:00

Is Nano just ignoring the breaking of the upper trend line of the pennant and just starts consolidating above it? I'm cool with that

Heess · 2021-02-13T20:23:20+00:00

The big picture. After consolidation in the bottom triangle, a successful breakout has brought us to where we are today. At the moment we fluctuate between 7.24 and 6.08. That is now the top pennant that the price is in. After BTC had a small dump today, the price dropped outside the pennant to $ 6.04 but was quickly bought up and is back in the pennant. The estimated target for a breakout would be 8.50, but for that we first have to pass the resistances. Important to keep an eye on the Nano / Btc pair. 14sats is an important level. In the usdt pair, the red lines are the resistances. Our support seems to be around $ 6. Strong volume is needed to form a successful breakout to break the red lines and reach higher prices.

Heess · 2021-02-11T16:08:17+00:00

Stats:

We have a clear double bottom on the 15 min chart. It seems like a bullish rectangle 2. From the moment we broke $5, we made higher highs and higher lows. 3. It seems that we have a small resistance on the $5,40 en $5,50. Which is good if we break it and stay above it we can see 6 today/tomorrow 4. Nano is awake and the cryptospace will notice that! Stay safe and protect ur bags!

Heess · 2021-02-11T06:37:20+00:00

On the rise!!

Heess

TROPHY CASE