Get started

XEMBTC

NEM XEM RSI CRYPTO STRATEGYRate of Change indicator or simply put it the ROC indicator is another momentum indicator and as the name suggests it measures the rate of a crypto’s change in price and predicts future price movements. Our RSI is applied over the ROC. So the RSI line is derived from ROC not the price. Step 1 - Step #1: Wait until the RSI has a value of less than 30 At this stage, we need to use the RSI readings from the daily chart. Just wait until the RSI has a value of less than 30. You’ll have to wait for the daily close to get the RSI reading. Obviously, this means that you’ll always buy XEM the next day. Once you spot an RSI reading less than 30 we switch to a lower time frame which brings us to the second rule of the Nem (XEM) cryptocurrency strategy. Step #2: Switch to the 1-hour chart and wait again until the RSI shows a reading of less than 30. The second rule that needs to be satisfied before pulling our trigger is to wait again for the RSI indicator to show a reading of less than 30 but this time on the 1-hour time frame. Remember, this should be the next day after the RSI posted less than 30 readings on the daily chart. Step #3: How to buy XEM: Buy at the opening of the next candle after the RSI went below 30 levels. The original momentum Pinball pattern uses a different entry method. We have done some backtesting and found that we can achieve superior returns if we follow a different entry strategy. How to buy XEM with our cryptocurrency trading strategy is much more eloquent because it uses the concept of multiple time frame analysis. Buy at the opening of the next candle after the RSI posted a reading of less than 30. Step #4: Place your protective Stop Loss below the previous day low After the buy EOS order is triggered, we need to have a strategy to protect our bottom line. The best Nem XEM price to hide your protective stop loss is below the previous day low. The Nem XEM price should not come to this point. Step #5: Take profit should be 2 or 3 times larger than your stop loss Again, our exit strategy is slightly different than the original momentum Pinball pattern. Be sure to close your Nem trade once the take profit is two or three times larger than your stop loss. Alternatively, you can use the initial exit strategy which requires taking profits when we break above the previous day high. Don’t limit yourself to either of these two strategies, but instead make the best out of them and use the one that suits the most the current trading environment. Note** the above was an example of a BUY trade using our Nem (XEM) cryptocurrency strategy. Use the same rules for a SELL trade – but in reverse. PM me if you want to read the complete strategy.
Long
by Tradingstrategyguides
There are 3 waves...instead of 5 waves from EWT. From my expierience Elliot's principles are the mind killer. The market wavings behaviour is simple, especially in so young market as cryptosphere. In my countings ( i show only part of counting on weekly chart, there are many inner 3-waves moves on lower timeframes - there's not so much space to show this smaller waves on weekly chart). My principles are: 1. Wave A must be corrected by the wave B by minimum 38.2 Fibo (maximum 100%). Wave C should be minimum 61.8 of Fibo length in comparison to wave A (there is no maximum - wave B can be i.e. 4.618 Fibo, or 10x much longer or 100x - whatever lenght it have, must also consists in it 3-wave structure). What is with WXYXZ structures from EWT? There's no structures like this, it's illuson - waves like this can be described by only ABC structure. That's my theory in nutshell, but it is only theory - basically useful only for counting waves after some time. This theory - like EWT gives no 100% answers where to buy or where to sell. It let's me only build my price expectations - like on this chart above. I want cheap XEMs from market;) Maybe i will not get it, but dumps are welcome. NEM is longterm gem (in my personal point of view).
by orminlange
XEMBTC UPDATEXEM has broken out of the triangle and also the downtrend. It made a strong push up over 2 4 hour candles, pulling back to the 61.8 fib level. It is now retracing to retest the previous resistance (now support). I took a risk and entered this trade before it broke out and currently i am still in. Depending where this next 4 hour candle closes will see me either holding on for my original trade target but if it is looking like it may break down i will exit for a small % gain. Watching very closely over the next 2 hours.
Long
by JB110011
1
XEM/BTC What about alts?Some time ago XEM showed very small volumes, which increased with the last fall, this is explained by the approach to a delicious price about 30k sats. You can also notice that after the jump there were large sales, but without great consequences, which also means that we are waiting for a better price. Besides it was profitable to trade short trades with stop loss, which contributed to the formation of a triangle with an entrance from the top to down. Because of this we expect a fall, which confirms the Stoch indicator. RSI shows overbought. Analysing the data, we can say that the formation of class C convergence will be the beginning of a new growing trend, where the price should rebound from the level of non-return, namely, the strongest support at the moment. In case of breaking through this support, we are expecting the formation of a new global downtrend, so we put a stop loss based on the ATR indicator: stop loss at 2850sats. What about fundamental: A production-ready enterprise version, along with open source and commercial licensing, are planned for the second half of 2018 - this is quite a big news, which should affect the asset quite positively!
XLong
by BillCharison
$XEM BTC - the good ole 1-2 punch 57% gain 1:5 risk/rewardGood day traders This is an update to my previous idea on XEM. Please see that idea in the related ideas section below. I typically don’t like complex charting because with complexity, we have more noise. However, with XEM’s pricing action being so complex, we enlist the help of our friend the Gann Fan Here you can see multiple points of confluence validating the possibility of higher price action. We have an ABC correction and immediately after that, an impulsive wave with a sharp correction back to .618. Notably this sharp correction led us back to our RSI support, which was once resistance. We can expect the RSI to only go up from here. Ladies and gentlemen, I think we may have our first 1-2 punch here Entry: 3913 Stop: below 3521 Target 6200, take profit from 5500 and up Risk / reward ratio: 1:5 If we find ourselves below 3521, we’ll likely revisit the lower Gain region of around 3200 so make sure your stops are in place. Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Long
by Kinashi_San
1
There is a possibility for the beginning of uptrend in NEMBTC .Technical analysis: NEM/BITCOIN is in a range bound and the beginning of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 41. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is a possibility of temporary retracement to suggested support zone (0.0000390 to 0.0000287). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0000390) Ending of entry zone (0.0000287) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000476 TP2= @ 0.0000578 TP3= @ 0.0000700 TP4= @ 0.0000828 TP5= @ 0.0000957 TP6= @ 0.0001370 TP7= Free
Long
by ForecastCity
1
There is a possibility for the beginning of uptrend in NEMBTC .Technical analysis: NEM/BITCOIN is in a range bound and the beginning of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 41. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is a possibility of temporary retracement to suggested support zone (0.0000390 to 0.0000287). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0000390) Ending of entry zone (0.0000287) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000476 TP2= @ 0.0000578 TP3= @ 0.0000700 TP4= @ 0.0000828 TP5= @ 0.0000957 TP6= @ 0.0001370 TP7= Free
Long
by ForecastCity
1
XEMBTC - XEM NEM GEM - 32% easy gain, Risk/Reward 1:8Good day ladies and gents, I wanted to wait til (4) was done to give you this easy win. Wave (3) was exactly 2.618 of (1) so (5) likely will be 3.618 within the same projection. (4) was a perfect 1 to 1 ABC zig zag that corrected to 50% retracement of (3). We should expect wave (5) to target the 5300 range. Entry Above 200MA for the 4hrs Stop below 3900 Target 4500 - 5300 R/R ratio: 1:8 Good luck and stay safe! Kinashi San *For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Long
by Kinashi_San