XEMBTC trade ideas
Situation on XEMBTC compared to XEMJPYAs i wrote in my previous idea, fiat pairs are now much more suitable for me to analyze and trade.
NEM coin (XEM) - long term bullish trendline respectedIf Bitcoin breaks the long term 3000USD price barrier signalling a new bullish run I would expect XEM to fully recover after it's nearly two month long bearish run.
Everything depend on Bitcoin price and hardfork situation. If Bitcoin starts a new bullish wave we can expect many altcoins to rise fast, since most charts look similar: an insane run of the summer begining is now corrected but overall 2017 trendline upwards is still on.
I also would give high probability for Bitcoin to move upwards due to:
* Lower amounts of Bitcoin in exchanges
* People are likely to cashout their BCC instead of BTC for profits, since this is basically free money.
All eyes on Bitcoin, stop loss under the long term trendline (0.00005090).
NEM almost breaking outWe have had a higher low, higher high, higher low, so next step would be higher high, which will be a breakout.
Will be XEM great again?drive.google.com
See the link above. Its my personal XEMUSD chart (made in MT4), daily timeframe. I think XEMtoken may be quoted in nearest future @ 0,5 USD or more. However for long entries better points (and moves up after this points) will be above cloud (the same in XEMBTC chart). Let's see what market say to that projection;)
edit// Beware fake dumps on XEMBTC today or in the comming days. Beware or better to say await whis moments if You want to buy under ichimoku cloud (spikes under 5000sat should be the best opportunity)
XEM - BTC NEM in my humble opinion the first one with all green.This how I see the future for XEM (for now).
thanks
And don't forget to pay your taxes to the Karma-Police.
Lesson from the past - part 2Now we have situation of bearish sentiment, that can lead to price depression even much below 2000sat. Observe and do not take longs under red cloud. Trend is clear now. It is south. What a shame:(
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.
NEM to the Moon0My technicals are lining up very nicely we are 2 legs down as indicated by the arrows.
I heard news today that Japan legalising consumption tax on bitcoin and would be
expecting a rise in trading volume. This news may be our rocket fuel.
Entry price 0.00006633
Exit price Moon
XEM_BTC BAY NOWbuy now 6997
sell 7800 & 8200
stop loss under 6600 (4h)
if you get some profit, maybe you would like to thank me with little donations from your profit :) thank you
BTC :
13B7Y3yE5Cg9FmpHFQoQ8MbYd4zt7Jh3qy
XEM Bullish Day-Chartday chart for XEM on PLNX
Entry:7100 satoshi
First Target:8500 satoshi
Second Target 13500 satoshi
it has to break resistence first but this should be nice profit during this week and could even break all-time high
