XEMBTC
Lesson from the pastIt is highly possible that we can repeat history of deep correction from last year (around 90% of whole rise to 2800sat). Now we have got 14000sat ATH and 90% correction should give price of 1400sat. It is shitty for those who have bought high, but this is crypto, much more risky than FOREX.
XEM Worth a review XEM
Establishing new area for support (highlighted)
Broke out from a previous strong trend line (highlighted)
Volumes are building up
possible scenarios
1. comes back down to test same support
2. continue it's way up to test the round numbers (more likely)
trade to your taste
Good luck everyone
Where to seek longs on XEMBTC?I'll try to catch some longs @4800, and @3600-3700sat. From 4800sat area bounce should be to 6000sat, and from 3600 easily to 4800-5000area. That scenario is only possible if we break 6000sat support level. On XEMUSD chart (historical data for daily candles imported to metatrader 4) i dont see any signs of positive reversal so price should go down to 0.05-0.1 area.
Ripple (XRP) Stellar (XLM) NEM (XEM) BULL BREAKOUT AHEADXRP XLM XEM seem to move similar to one another in about the same time frame. All three coins are currently consolidating at their support lines.
Interestingly enough, a MACD Bullish Crossover may be your earliest sign. A riskier, but more profitable entry will be here. As the trend continues, it will coincide with an entrance into the Cloud.
2 Ichimoku Cloud Signals will confirm the beginning of a bullish trend:
TK Cross
Kumo Cloud Breakout
If you are looking to maximize profits, and grow BTC, then look to exit when these coins make ATH. Expect another weekly cycle of consolidation thereafter. Once you've exited, you can rebuy these coins during its Consolidation Runs.
Based on my experience, you can be more consistent with your profits, if you trade by looking at Weekly cycles on the 1 DAY TIMEFRAME. You'll be able to manage profits consistently across more coins.
Not only are you more likely to to have a higher efficiency in profitable trades in a particular coin, you'll also be able to maximize the value of your BTC if you decide to jump back into Fiat to buy BTC dips.
The added benefit is that you can simplify your portfolio tracking to insure that you are maximizing your BTC gains, by having BTC on hand when buying back into BTC during corrections Flash Crashes, Dips, etc.
So to summarize my Investment/Trading Method:
1. Buy AltCoins during Consolidation Periods (when they are at an equilibrium price, not necessarily the lowest)
2. Look for Confirmation of 1DAY TF Bull Runs (ACD Crossovers or Ichimoku TK Crosses)
3. Sell AltCoins for BTC at RSI/MACD Peaks / ATH
4. BTC Bull Runs, so its Value will Increase compared to Alt-Coins / Sit and Hold Patiently, then Sell into FIAT/USDT at Resistance/ATH
5. HOLD Fiat/USDT and wait for BTC Corrections (Dips/Flash Crashes) etc.
6. Then buy back BTC
REPEAT for the next Consolidation Cycle
NEM/XEM ARISE!!!After forming a double top pattern, the inevitable fall came and XEM / NEM was forgotten by many, being the fourth most important coin in the ranking of the crypto market.
Following Bulkowski's theory about the Adam & Adam double top pattern, where levels A, B and C are marked, and then take a change in the trend towards a bull market. coinmarketcap.com
We will have to get around the kumo and not get into it, to achieve the target price.
As one of my 3 favorite coins and thanks to her having done in February of this year the best trade so far, I hope we continue to give us great joys.
As always, greetings to all and thank the followers for the feedback, likes and good vibes.
Stay strong, keep bullish!
Thank you