XEMBTC trade ideas
XEM Game plan. Buy, Sell, Buy again, Sell again. Get RichSo if it breaks 9400 sats, which is looking super likely atm, this is what I think will happen.
Corrective moves on XEM are still in playOk, today i'am neutral, I hold logterm position in XEM, but i'am not searching in this waves counting new positions, as I see still correction potentian, even if we see move to 0.00012-0.00014 area. From that area (if it holds price pump) I expect to see another corrective wave down (but not so deep as that from 0.00014 to 0.00006 maybe circa 4000-5000satoshi. And from that point of view should be more reliable entry point than now, to accumulate more long positions. After we brake 0.00014 I will be more bullish;)
XEMBTC is neutral - suggest to WAITfor someone who trade XEMBTC I suggest to WAIT it to test to break out from the symmetrical triangle
if it break up it will most likely go up
if it break down it will go test support but the price is not expect to go near previous low and it will rise up as soon as there is signal BUY
trade with care
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XEM showing a pattern pre-breakout ?Start accumulating XEM now if you have not yet, wait for 3-5 green candle sticks consecutively with volume increasing for the more cautious trader. Otherwise, start buying now because its only a matter of time before the next leg up.
Smaller bat formationAfter greater bat formation (fulfiled to 61.8 Fibo), we have now emerging smaller bat, I try to seek longs in the blue rectangle area, only if other indicators will say so (small waves counting on m1 and m5 charts, and my favoured A/D indicator, RSI 14 and CCI 21 with divergences). So dumpers give me cheap XEMies!;)
Weekly chart Accum/Dist cup&handlePotential for this formation is +17.000.000 on AD indicator (now we have -900.000.000), so XEM has much space for longterm growth.
Cup and handle 2Now on the price we see this possible formation, buy after breaking 0.00009 with target around 0.00012
Cup formationFor me cup is formed on D1 chart A/D indicator. Now wait for properly formed handle and confirmation of this formation.
Another one bat:)Now recovery is stronger than from 0.00075, also more XEM accumulated, smart money buys, dumpers will be doomed:), strong resistance should be at 0.0001
Big Jump coming for XEMComing on the intersection of three major lines - L1 & L2 being parallel breakout resistance lines and L3 being major support level.
Look for Big moves from XEM within the upcoming weeks.
Happy Trading!!
XEMBTC INC downtrendWe can see an inverted cup and handle forming. This means we will have a short upward pressure before it breaks our support line and goes down.
PS: This is just how I read the chart so don't take anything for granted.
Feedback is always welcome ;)
Bullish bat XEMBTCThis bat needs confirmation, double bottom on "D", or wave "CD" can even go deeper to 0.8 (0.00007 BTC) Fibonnacci level of wave formed from around 0.000055 to 0.00014
Bullish bat 2 XEMBTCAnother one bat, better shaped and more harmonic, seek more longs when double bottom on "D" will be formed, or wave "CD" will be much deeper (around 0.00007) with divergence on CCI or RSI and AD indicators. More risk approach is to seek longs now on correction of small wave, that comes from "D".
