NPXS - flushing out the weak sellers
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My style revolves around volumes at a certain price level. Price that the markets accept or reject displayed by volume profiles.
I've been trading PXS now known as NPXS since ICO. The median price is around $0.00935
Click on the link to see the volumes traded a specific price.
bitgur.com/coin/NPXS/chart
-Price is above Point of control and it will very very likely stay there based based on volume traded at specific price (POC) and supply-demand imbalance.
Let me explain my reasoning.
-Last night there was a supply and demand imbalance. The weak sellers were in control I based this information on Binance orderbook with 5 decimals. There was too much supply and not enough demand so price tumbled. But today the tables have turned. Weak sellers sold off and the demand is outpacing supply.
-Increasing demand and not enough supply
-Price is above POC support
NXPS is under median price
For those who study bellcurves distribution based on volume profiles.
-NXPS forming a mesokurtic bellcurve - mesokurtic distribution - Buyers are trying to get their orders filled within the value area. We see this often happen in accumulation phases.
-Second phase will be no doubt a leptokurtic distribution. When supply and demand is in balance - price goes sideways - buyers already bought - sellers already sold. When price is stagnant in orderwords in balance. (supply met demand) The state when new fresh volume can move the price up violently.
Think of bollinger bands, when bollinger bands contract - price goes sideways then erupt violently in a single direction. This will happen with NXPS.
I've been trading PXS now known as NPXS since ICO. The median price is around $0.00935
Click on the link to see the volumes traded a specific price.
bitgur.com/coin/NPXS/chart
-Price is above Point of control and it will very very likely stay there based based on volume traded at specific price (POC) and supply-demand imbalance.
Let me explain my reasoning.
-Last night there was a supply and demand imbalance. The weak sellers were in control I based this information on Binance orderbook with 5 decimals. There was too much supply and not enough demand so price tumbled. But today the tables have turned. Weak sellers sold off and the demand is outpacing supply.
-Increasing demand and not enough supply
-Price is above POC support
NXPS is under median price
For those who study bellcurves distribution based on volume profiles.
-NXPS forming a mesokurtic bellcurve - mesokurtic distribution - Buyers are trying to get their orders filled within the value area. We see this often happen in accumulation phases.
-Second phase will be no doubt a leptokurtic distribution. When supply and demand is in balance - price goes sideways - buyers already bought - sellers already sold. When price is stagnant in orderwords in balance. (supply met demand) The state when new fresh volume can move the price up violently.
Think of bollinger bands, when bollinger bands contract - price goes sideways then erupt violently in a single direction. This will happen with NXPS.
订单已取消
Sorry, we could have made $$ on NXPS but Bitcoin dragged the entire market down.Take the opportunity to stock on NPXS.
The median price on average is around $0.00935 Been trading it successfully since ICO never made a loss.
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