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XEMBTC trade ideas

NEM (XEM) - Trend Reversal??So Bitcoin's massive run pretty much ruined my idea of a big cup & handle. But I'm pretty sure it ruined most charts for long term projection, so is life in crypto. In the short term, BTC may correct and I see NEM getting back in shape. This could be a very nice buy opportunity as NEM is very near it's previous floor and alts are now negatively correlated with BTC. The last major drop, alts were positively correlated. If you want to be a little riskier in the buy, wait for the drop down to resistance. I've already purchased though as I don't believe it will get there and it's not that great a savings. In this chart, I'm mostly paying attention to support and resistance from a previous trend line. The RSI indicator is diverging from price action, which often signals a reversal in trend. Let's see what happens. Regardless, I'm buying NEM on the cheap now.
Long
by dctobkk
Plan of fading and how to use itMy plan is simple, 50% of my Bitcoins earnings in his bullrun (i hope it lasts to 9.09.2017) i will use to buy incredibly cheap XEMs (hope for 2800sat). As i dont have many time to trade now on hourly basis, i will be observe on 1d and sometimes on 4h basis. If i see Bitcoins huge 5 waves drop from his ATH (hope for 6000USD in september) i will sell 80% of all my bitcoins on rebound from this drop (61.8 fibo looks historicaly convenient for BTC). However if line 2/1 or 3/1 of Ganns's fan on XEMJPY chart will hold this drop, and i see bounce up above Ichimoku cloud on 4h, then this plan will be invalidated.
by ormin79
XEM/BTC Trade IdeaGreat oppertunity to buy into XEM at the moment. Currently in the middle of bouncing off the first major support line, we can see that this will potentially confirm a trend reversal. Looking like it has also started the second elliot wave cycle so could potentially expect big gains. Stoch is stating that it is oversold which also backs up a bounce off the first support line. below I have listed some possible scenarios 1. The price tests the current resistance line, before breaking and retracing back to the support line it is currently on 2. Price is in fact in the second elliot wave cycle and pumps to push for a new ATH before potentially retracing back 3. Price drops to second support line, and then channels between the current support lines (top one would be resistance, before testing the current resistance line How I see it, option 1 in bold is the most likely. This would follow the pattern of the previous resistance line break. I would also like to see another confirmation of trend reversal before we see a big spike in price
Long
by blakeren
N/XEM Kicked Down By The Big Brother BTC is on fire gaining 25% / 1000 USD during four days. It caused a major fall of many binded currencies. We can expect a kind of slow down or correction of this growth. And the effect on NEM can be very profound. We used our previous chart to look at current situation. The market roughly followed our suggested directions. Right now we are touching a long term trendline - actually breaking it. RSI in in an oversold area and already chanded its direction and is ready to move up. During charting the price fell back down and we have to wait what's gonna happen next. If there is no sudden growth soon we can expect retracing all the way down to the Fibbonacci level. We need BTC to calm down so Alts can follow. If there is a significant correction on BTC we can expect another down fall. Right now Fiat is a position to consider. There is a possibility of creating a new channel parallel with the trend line till XEM is strong enough the break up. My position: We got in at 6947, StopLoss 6117. Targets 77/87. Feedback greatly appreciated. Good luck, Have fun and Peace. Disclaimer : Due to its extremely high volatility Trading Cryptocurrency is very challenging. Potentially it can be a profitable opportunity for investors. However, before deciding to participate in the cryptocurrency market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Long
by AwesomeTrade
Wall ST Cheat SheetSo i've been looking on alot of coin charts today on high timeframes 1D / 3D and noticed that ALOT of coins is following the market cycle really nice and we still have along way down to fall. We seem to be at either the Complacency, Anxiety, Denial stages and in some, Panic. Once we reach Depression i will buy alot of coins. So my strategy now is to trade the retracements with short gains and tight stops. Zoom out 1D / 3D Charts, Try to figure out were we are in the cycle and if you do it right, you can get really good entry points on alot of coins. Here is the Wall street. Cheat sheet: wallstreetjackass.typepad.com
by Bjurhager
NEM on structured breakout to the downside, before upward move?NEM - This Altcoin seems to have completed a breakout to the downside for a possible path towards the second support area, before a very strong upward move. However, TDI does show the RSI line has breached the outer lower band and could either form a sharkfin or follow along the lower outside band until a lower sold position. The Blueberry EMA is running alongside a major trendline and so it is possible that it may either be pinned by the price action OR the Mayo could be pinned and then return upwards. Blueberry EMA is below the price action and all trend lines display, uptrend so this coin is still in a bullish trend. I will not purchase any of this coin as yet, I'll just wait until more price action completes a more clearer pattern. NEM seems to be a good coin to purchase long term, but the entry must be optimal in order to maxise profit. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by UnknownUnicorn661419
"Do you know what NEMesis means?"Guess that movie quote :D Nem has been supported very well these past 2 weeks and shows signs of more than doubling in value going into October if it can break past the previous high (which I do believe it can). My target is inside of the 18k range with stop-loss set to 5500. Happy trading folks! Feel free to tip if this helps :) btc: 13N2yrbL13vuBufeeMRASGSmNpnBSVu3in eth: 0xB96B305b8658c1aa7D380D5a7fAc1351cE650d80 ltc: LgsnbbAXckLKRBB1Pb4tt5Pm5VLdrRqtCB
Long
by joeohs
NEM How to TradeThe price is going to bounce from the downtrend line. RSI is going to confirm a price reversal. We should expect for further downward movement to the uptrend line. If the market bounces from the uptrend line, we'll have a confirmation of possible upward movement. It will be a buy signal when the price breaks the donwtrend line. Also, we can place pending orders for buy above 0.000090 level. If the market breaks the downtrend line and shows strong upward movement without a retracement to the uptrend line, we'll be able to catch this movement. Stop orders for all long trades must be placed below the local swing lows. Profit targets should be at the resistance levels.
by DLavrov
5