NEM / BitcoinZaktualizowano

Situation on XEMBTC compared to XEMJPY

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

Uwaga

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

Uwaga

Pending buy orders moved to 13-13.45 JPY area

Uwaga

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

Uwaga

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)

Uwaga

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.

Uwaga

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

Uwaga

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

Uwaga

Closed on entry point

Uwaga

Open long position @ 18.375JPY, TP @ 21.50

Uwaga

Long position closed @ 18.60JPY, waiting for another chance

Uwaga

Short position @ 18.89JPY target 17.50JPY

Uwaga

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

Uwaga

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

Uwaga

trade closed @ 18.77JPY

Uwaga

We are in bullish mode:)

Uwaga

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

Uwaga

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!

Uwaga

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

Uwaga

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

Uwaga

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:)

Uwaga

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

Uwaga

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.

Uwaga

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

Uwaga

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

Uwaga

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

Uwaga

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)

Uwaga

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:)

Uwaga

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

Uwaga

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.

Uwaga

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

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

Uwaga

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.

Uwaga

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!;)

Uwaga

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)

Uwaga

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

Uwaga

Double top formation partially fulfiled.

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

Uwaga

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:)

Uwaga

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

Uwaga

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.

Uwaga

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

Uwaga

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

Uwaga

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.

Uwaga

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

ormin79

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ormin79