Situation on XEMBTC compared to XEMJPY

Theo ormin79

Cập nhật

As i wrote in my previous idea, fiat pairs are now much more suitable for me to analyze and trade.

Ghi chú

Do we go lower due to problematic Bitcoin situation? It's more probable now than growth.

Ghi chú

Pending buy orders moved to 13-13.45 JPY area

Ghi chú

drive.google.com/open?id=0B6yAl7ZW5c7yWlpST1Y2NU1BN0k

My little bullishness is provoked by bullish candles formation (engulfing) on the weekly logarithmic XEMUSD chart, made by me (see link above).

The same in arithmetic weekly chart of XEMJPY

Ghi chú

XEM doesn't wont to retrace so deep. But is still under 20JPY. After brake 20JPY this chart illustrate what can happen.

ISHS formation will be in play, but i warn that majority of this formations in crypto doesn't payout full (maybe partially, around next resistance points on chart, and then is quick retrace below the activation line for formation like this)

Ghi chú

And we have now flag formation on XEMBTC pair

7400sat is a minimum for this formation to fulfil, but i think XEM may hit in this move 8000-8300 area.

Ghi chú

Now on XEMJPY triple high detected. 20JPY is strong resistance area. Retrace from here is possible on low volume (maybe even to 13JPY)

Ghi chú

Okay i will sell some @ 18.20JPY to rebuy lower (target 17.20JPY)

Ghi chú

Closed on entry point

Ghi chú

Open long position @ 18.375JPY, TP @ 21.50

Ghi chú

Long position closed @ 18.60JPY, waiting for another chance

Ghi chú

Short position @ 18.89JPY target 17.50JPY

Ghi chú

Retargeting TPs 50%@ 18.53, 15%@ 18.27, 15% @ 18.06, 10% @ 17.50, 10%@ 16.90

Ghi chú

Adjusting TPs 50% @ 18.40, 25%@ 18.20, 25% @ 18.00

Ghi chú

trade closed @ 18.77JPY

Ghi chú

We are in bullish mode:)

Ghi chú

Till the green line 1/1 of Gann's fan holds, long positions are best way to trade and earn.

Ghi chú

Adjusted chart XEMJPY with Gann's fan's. XEM is still well above 1/1 line for fan from bottom @10JPY. Till this line holds trend is bullish!

Ghi chú

For XEM/BTC pair situation with Gann's fan's looks little different

XEM need break resistance of 1/1 green line of Gann's fan made from high @14000sat

Ghi chú

Scaling charts for fan's here is crap here:) but one more time i hope it's proper now

Ghi chú

Ok for me this tools like fan's used in tradingview are not so accurate as old best ichimoku.

In XEMJPY 4h chart trend is solid, but i will be waiting for divergences like this in May to sell many of my XEMs:

Best in all of indicators i use:)

Ghi chú

29JPY should be first significant stop for this ride to north, i expect retrace from that point.

Ghi chú

Correction of last comment 29-32JPY should act as resistance. But must be confirmed in 15min, 1h, 4h charts with divergences from indicators that i use.

Ghi chú

For XEMBTC pair 9500-10500sat area should give more resistance for this move.

Ghi chú

sold 50% of my shortterm longs @ 25.5JPY, 15min chart smells like dump activity.

Ghi chú

rest of my shortterm longs sold at 23.50JPY, waiting for deeper correction (20.50 is first level that i look into closer)

Ghi chú

On XEMBTC supports are now for me 7300-7400sat (weak), 6800-6900 ( stronger), 6300-6400sat (mostly probability to hit this place at retrace and bounce up)

Ghi chú

correction of update sold at stop @ 24.50, also i see potencial bounce if we go lower to 22-22.50 area. But there is question now if this is possible and i dont know, as i'am not insider of NEM team:)

Ghi chú

If 23.30. will hold that dump i may reconsider to renew partially my shortterm longs but in 33% of the previous quantity.

Ghi chú

But if not it will go further down to 20-20.5JPY and 6300-6500sat area. As i see now double top at 9000sat is in play, so scenario of fading lower is more possible, than growth.

Ghi chú

And my little work to describe what are possibilities for nearest future

That is Elliot's waves world. There is so many scenarios:)

Ghi chú

There is nothing now to thinking .With Bitcoin smashing resistance @2900-3000, XEM will be much much higher in nearest future. I renew my shortterm longs @25JPY, and another i will buy when XEMBTC falls to around 6500sat.

Ghi chú

It is second time in my life when i try to participate in bullrun, instead to waiting for deep retraces. Come on XEM! Tu da mun!;)

Ghi chú

My targets on XEMJPY are: 30JPY (67% of my shortterm long holdings), 40JPY (33% of the same holdings), 60JPY (20% of my longterm assets in XEM)

Ghi chú

We must now observe 6900-7000sat area as possible support before spike up.

Ghi chú

Double top formation partially fulfiled.

According to this analysis of mine, i decided to take longs @7030sat

Ghi chú

so i cut also my longs in JPY to 25% from 50%, to diversify risk. On XEMJPY i will take a look closer when retraces will be much intresting than now:)

Ghi chú

I cut longs on XEMJPY @ 25.25JPY (taken at 25)

Ghi chú

XEMJPY looks like frozen, it's natural when Bitcoin gets close attention of traders. I close rest of my longs @ 25.15JPY and will be waiting to jump in in another point of XEMBTC or XEMJPY. Position taken@ 7030sat i hold but TP is now only one @ 7600sat.

Ghi chú

Position closed @7200, trying to retake @ 6950sat with target 7550sat, setting up alerts and time to little sleep;)

Ghi chú

position taken @ 6950, 65% TP @ 7600sat, 35%@ 8100sat

Ghi chú

Due to my family problems i must retire from market, i will be watching situation, but with rare comments an analysins from my side. Position closed @ 7200sat. I will be intrested in buying XEMs when i see deeper correction, when not, and XEM will skyrocket, then i will sell some of my longterm stack.

Ghi chú

Wow! XEM doesnt stop amaze me, go go go tu da mun:). I will wait patiently to 1$.

ormin79

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.