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NEM / Bitcoin

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XEMBTC trade ideas

With some chance for trend reversal from BTC side...I have now 1BTC for 6320$ and set pending order to buy XEMs for 0.1BTC @ 1900sat level ( total cost in USD terms will be 12cents = 0.000019x6320), and another one chunk for 0.1BTC @1000sat (real cost 6.32cents for each XEM). I am also prepared for bearish scenario to load more XEMs if it will visit somehow 3cents level (in pair XEMUSD - for now it looks impossible but spikes down are welcome by me), see also Target is to hold longterm (when XEM will reach marketcap around 50bln$ or more) Not a trading advice!
by orminlange
XEM Mid Year UpdateXEM is in a weird position. I assumed that we started a new impulse up but this correction violated the low from the last correction canceling out the impulse waves. At this point, we are looking for a new impulse up to start fresh so the next bull run needs to be volatile and in high volume to bring XEM back in to the game, or it may disappear from the leader board. XEM is doing some impressive things in Japan and has a decent following there as well, so I assume there will be some bullish news followed by a frenzy of buying next bull run. Looking for previous ATH prices to take profit.
Long
by DarkPenciI
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
Will BTC drag NEM down? WIll descending triangle break down?So many questions? But what does the chart say? Well, we are in descending triangle, and if one is going to buy, now is the time. Risk reward ratio is good. However, it is very possible we could break down lower, just as easy. Try enter in the possible entry area, in case we dip below. First exit at 8k, we are in double descending triangle from macro and micro perspective. I hope this helps. /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ If you want your coin to be analysed, please PM me. Thank you, Ajion
by Ajion
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
#Nem below 61.8fib , while forming bullish #butterfly. #crypto Nem is currently trading below the 61.8fib support & 20.50,100,200 DMA's Next level of support for #nem is around the 88.6fib level i.e 2685 sats. Cuurently a bullish harmonic pattern is also in development & currently we are in the CD leg . D point will be a PRZ , where we can expect a price reversal. If we get price reversal confirmations around 2680-2685 sats region then the pattern will be confirmed with Targets: T1: 61.8fib of CD leg : 3700-3720 sats T2: 127.2fib of CD leg : 5100-5150 sats
by rajista
1
NEM vs Bitcoin Correction Could Be OverFollowing the previous idea on NEM , price has reached and rejected the downside target, suggesting the end of the downside correction. At the same time the uptrend trendline was also rejected, while the confirming the 3600 satoshis level as the support. From this point onward XEM/BTC could start a long term uptrend, but perhaps its a little too early to talk about this with confidence. Price stays within the triangle pattern and break above the downtrend trendline could be a strong confirmation of the upcoming uptrend. After the breakout NEM could reach first strong resistance at 38.2% Fibonacci retracement applied through the all-time high, that is 7000 satoshis. Break and close below the uptrend trendline should invalidate bullish outlook and might result in a downtrend continuation, therefore it is reasonable to stay cautions. Having said that, the probability of the uptrend at this point remains very high.
Long
by CryptoPAMM
3