Come get what you deserve - How to: Make A LOT of MONEY on the Binance NANO giveaway:
Background info: >Heavy accumulation past weeks/months. >Bitgrail FUD still popping up, exchanges still have node issues and suspending deposit/withdrawals. Things generally looking bad for NANO eventhough the tech is superior to many coins. >Market Maker needs to end consolidation and create some good news to start next pump. >Binance "magically" announces NANO giveaway as consolidation ended. (Giveaways sponsored by 3rd party; someone paid for this)
What really happened in case you are slow: >Market Maker re-accumulated and paid Binance to legitimise the coming pump - since they also will win the competition and Binance will reward the MM with more NANO after they played the bad reg traders.
What to notice in the coming pump: >Giveaway based on NANO volume - Consolidation ended, price is going up as you read this - thus: Join the pump or watch it happen. >As the competition is about to end, prepare for massive dump on FOMO traders & Raiblocks/NANO "community members" (Past and future bagholders).
How to profit from this if you are new: >Buy NANO on pullbacks/dips. >Ride the trend and watch for news/twitter/reddit and shilling in general. >When the competition is about to end (couple of days in advance), sell your stack on big green candles and once the market turns, then sell on retracements to higher highs. >Another indicator is when giveaway news/shilling peaks.
What to do after the competition ends: >Buy the dump/"dip" after competition ends and watch it retrace and consolidate to cool off and then go for a new ATH: In short, BTFD and ride the next altseason. The giveaway will kickstart the next NANO ATH. >Sell NANO when the consensus (news, shilling) is that it will become a top 3 coin. Unload your bag slowly as it breaks ATH and goes for price discovery. This will probably take some time and because of all the community members that love NANO, they can bring it to incredible highs. Make rules for unloading and stick to them, eg. sell 5% of your stack for every $5 increase in price.
WATCH THE VOLUME - DO NOT HODL, LOSE MONEY AND BECOME A COMMUNITY MEMBER: >Watch volume on higher highs and retracements - this will tell you when the direction flips and the real retracement/bleed begins. >Remember: This is where community members are made. Do not become one of them.
Asher Peterson
>Remember: This is where community members are made. Do not become one of them.
NANO team paid for the comp, there's a screenshot from discord somewhere. They are probably gonna unload wallets in a few days or by the end of the comp.
Owen Gomez
im in. NANO has so much to grow from its ATH that this will easily go $15-$17 in the next few days.
Tyler Garcia
interesting, but: how to read volume user?
Camden Foster
Alternatively, buy and hold promising projects when everyone else loses interest. I bought XRB at $0.11 and I'm holding for at least 5 years.
