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NEM / Bitcoin

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XEMBTC trade ideas

NEM coming out a wave 2 to make run at 3? I wanted to post this chart yesterday, but with the NEM hack I was a little gun shy. On a 1 day chart, NEM has completed an ABC correction from June 17 to Dec 17. As you can see, it completed another 5 mini cycle wave for it's run through a grand cycle wave 1 (mid dec to about Jan 5) and just completed wave 2 (correction wave). I am looking the beginning of a possible wave 3 (bullish waves are 1,3,5) in our grand cycle, but in the short term (top chart) you can buy back in on this coin between .000088 and .00085. Using trend fib I see targets short term for .00010440 to .00010940 for a quick trade. Produce a quart.
Long
by stevezer0
NEM (XEM) MOST PROBABLE SCENARIO ANALYSISHello everybody, Due to the recent Coinchek hack NEM is going to have a really bad weekend I think... Even thought they have nothing to do with the hack per se. As you can see, Elliot Waves formed already, so I am guessing this could lead NEM to a downfal to the 68 FIB maybe even the 78 FIB It broke 200 period EMA, ther is Volume and RSI confirmation so for me it's settled... NEM is going around the 7k - 6k to finally reverse to new highs!! If you agree or disagree please comment your opinion, thank you!!
by guzmaner93
3
The inner dialogue of a trader I don't know about you, but this has happened to me one time or another before I learnt a few things about trading. 1. This is a probability and NOT a certainty game. Whatever indicators used, are at best a guide and cannot be the holy grail (else wouldn't the creator be multi-millionaires by now?) 2. Patterns - While some said there is a preceding patterns to follow, I beg to differ. Each chart is different and must be treated at the present moment to trade, meaning past data is nothing but a guide. It may or may not happen. It is merely a tool used by "gurus" to predict the market, to drive up demand and more likely for a self-serving purpose. Read all news with a pinch of salt. 3. Emotional roller coaster - Most traders can make profits , even large profits in their trading career. The challenge is making profits, CONSISTENTLY. That is the name of the game. And I suspect it is the emotions that is hardest to control for most traders. There are just too much information, too much noises out there to disrupt one's thoughts, not forgetting the fear of missing out (better get in before it's too late or better sell before I lose more), the comparing with others and many biases that we carry in trading. 4. The Market - The market has always been NEUTRAL. It is us, the traders that give meaning to our own trades, thinking/saying it is bullish or bearish, buy or sell. The market has never spoken a single word from day one, think about it. The collective psychology of all traders would determine the price action. If there is more buy than sell, than price would goes up and if you are in the buy camp, you profit and vice versa. This imbalance creates an opportunity for those who knows how to spot it and has the patience as well. The market merely projects what it is on a daily, hourly, minutes basis to us. The decision to trade, to just sit on the fence or pawn your gold to buy or sell the assets is solely up to you. In short, take responsibility for your own trade, be it a win or loss. It's is not the market that causes it to fail. It's also not the indicators you used. Worst, it's definitely not any of the authors here in TV, even the top ones that help make your extra zero in your bank account. IT IS YOU, always will, forever will be. And this a hard truth that any trader can learn to accept it. When we lost money, we need to ease the pain, to outsource our emotional shipwreck to somebody - be it the market, indicator or a tip you heard elsewhere. It is hard to stomach all alone, I know , the blame game is easier and definitely make you feel a hell lot better. But better is the killer, it takes away the most important lesson of trading. To make mistakes, accept it and learn from it, taking 100% responsibility for it. That to me is the gem, a value that the market presents to me daily. All that you behold, it seems without It is within your own imagination Of which this world of mortality is but a shadow - William Blake
Education
by dchua1969
NEM BreakoutHello everyone, Hope you're not totally fucking dead from the overall bleed recently. It's not expected to continue much longer. Anyways, NEM looking nice right now. It has one of the longest historic support lines I've ever seen on a coin and the recent fucking hasn't hurt it. The downward ceiling on the wedge isn't as strong leading me to believe it'll break upward once the market cap stops falling (it should bounce off of support soon). See my chart for details - target buy in is right around now. Thanks for reading! I take tips! If you'd like to donate a small amount for reading my chart and TA I'd greatly appreciate it. Litecoin: LcAeke9vi5vRapWYtqqqNKJdHBj7JrBVit Ether: 0x9e90C8FC1De9388B8B25bB2f6cdB57a078609626 Bitcoin Cash: 1GEi9pEs96kQAodGYeFTqD3xZJhLoviS9h Bitcoin: 16vPk7wGME3oqNoav6J599a6cHtyZsbLAx Any help is greatly appreicated - I'm trying to trade the same as all of you.
by jjusko20
1