XEMBTC compared to XEMJPY
Updated
In blue area XEMBTC will be very bullish.
In XEMJPY pair that can turn out to Moontime.
In XEMJPY pair that can turn out to Moontime.
Note
Beautiful triangle is formed. Bitcoin run should end around 4100-4200USD with some correction. After Bitcoin's runs like this we have always fewa days later run on XEM. Then this triangle (if 29JPY holds) is tempting to playing long. If 29 JPY not hold i see first significant support @ 27.70JPY, worth to watching if in this level will be some price/indicators divergences in 5min and 15min charts, encouraging taking of long positions.
Note
I dont buy in this situation under the Ichi cloud, even if it will retrace to 24-26JPY area. It could be very risk. When market forces give a push above Ichi cloud on 4h i will jump in the train:)
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