Key Points / NgU
-
In crypto jargon, NgU is short for Number go Up.
NgU Tech
On crypto trading forums, crypto investors will sometimes jokingly talk about some coin or other being the superior NgU tech.
This is an insider joke that plays on the debates about what will be crypto’s killer app and whether superior tech is even important factor.
In this case, NgU tech is a geeky way to say that a particular cryptocurrency grows faster than others.
Best Tools for Buying and holding a superior NgU crypto
- Charting App: TradingView
- Buy-and-hold crypto: Independent Reserve - Aussie exchange with AutoSchedule feature
An indepth look at NgU is here.
More on NgU
Volume profile trading on TradingView - ScriptSpotlight - Quite a dive into volume trading with various (free) volume profile indicators on TradingView and Cryptowatch.
Technical Analysis in Cryptocurrency Trading - Technical indicators work. Sometimes. Should you use technical analysis for crypto?
Divergences in Crypto Trading (Divergence Cheat Sheet inside) - Divergence is a disagreement between price and an oscillating indicator such as MACD or RSI. It is not strong enough an indicator to enter a position, but it gives an idea of the state of the market.
Thoughts on Reversals and Psychology - Bottoming process, just as any other market reversal, is strongly influenced by psychology.
Fulcrum Bottom - Fulcrum bottom has been talked about a lot lately thanks to mentions in Peter Brandt's reports. Describing it as 'head & shoulders except at the bottom' is not quite cutting it though.
Technical Analysis in Crypto: How to use TA strategically - With links to the selection of best tools and scripts