GET RICH; DUMP ON COMMUNITY MEMBERS
Second edition, last one can be found in archive: boards.Jow Forums.org/biz/thread/9226991/make-a-lot-of-money
Easiest 10% trade in your life if you bought the dip when the thread was up.
Follow the volume and do NOT let this ride without you.
Become profitable and learn the ways of crypto.
Original guide:
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)
>I edited some of this part
What really happened in case you are slow:
>Market Maker re-accumulated and Binance giveaway will legitimise the coming pump - since they also will win the competition, 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.
>Most important: Do NOT turn into a community member because you were too busy thinking about lambos. This will KILL you.
any thoughts on where it'll go during price discovery?
this competition is all tied to the coming announcements from the team regarding wallets/fiat gateway....could be a big one
As OP states, predicting price discovery is probably the most difficult part of trading - the primary factor is pure demand. Market Makers will push price to any high as long as the demand can follow. When demand fails to push price up consistently, they know to have hit a top. They usually bring the price down a bit and start the distribution where they know the remaining demand/volume is/was. The only person I have come across calling great bottom/tops (weeks/months in advance) in history is W.D. Gann - no other person really came close to hos HiLo predictions. However, one could probably use the fib-tool and extend the previous pump to this one. Since most people use this tool for targets, it could imply where demand will end.
Thanks for the help, I'm very new to all of this...if we were to use the fib tool hypothetically, where's that leave the high?
If the giveaway really brings some volume and if this it tied to wallet release (which it is, because devs/PR said there will be updates this/the coming week), then it will probably go for satoshi ATH very fast. After this, I could see $100 NANO very fast since this would kickoff the next altseason and people want to rush into NANO for lambos and yachts. $100 will be hard to break, but once this happens, shilling will begin for $1,000 NANO and it will simply blow your mind how Many people will take loans to buy their Ticket to financial freedom. However, most of these people will be left behind and will hold on to their NANO when it is clear as day that it is bleeding. These are the Coming community members, because they no other choice Than to believe things will be Better. "I believe in the technology" they sat, but really they mean "I Hate watching my portfolio go down 50% every day and I Hope for a New alt season to begin ASAP so I can watch my balance grow again".
DO NOT HOLD
Haha I hear you man. I'm not looking to cash out either though because I don't wanna pay cap gains this year yet...do you suggest Tether or DAI? I'm personally looking into DAI...anyway so basically once volume drops off at the new peak then we can expect a retrace?
Do you believe the bear market/bull markets cycle are somewhat related, as in if the past bear market was 100+ days, the bull market should be around the same? Or is this just going to be a 1 month thing like December?
Nice to hear your insight man
This is hard to say, depends on a lot of factors. As says, it depends on new entrants and the demand for a particular coin. I know NANO will get a huge pump, because every noob will buy into free transactions and "superior to bitcoin" technology. People who speculate in politics and game theory, however, would know that NANO is not just magically going to become number 1 coin - there are too many political factors and billionaires protecting their investments to let that happen. BUT, that does not mean you should not buy NANO. You buy it to sell it later and make more bitcoin. In a hurry, sorry for any errors in the comment.
op thx for posting this again
turns out i am a brainlet
how to watch volume for beginning retracement?
when price tanks and volume goes down/up what does that mean in both scenarios?
i'm stupid, sorry