Where catch cheaper for scalp?As i expect from market another wave down, the only way on this thin market is to trade in XEMJPY (as XEMCNY and exchange for it is not good at all for me), so we must recalculate levels from USD to JPY.
XEMUSD trade ideas
My longterm vision of price behaviour for XEMUSD pairThis is how i count waves for XEMUSD in logarithmic chart.
Double bottomDouble bottom @30min chart
The whole area 16-19cents was supportive for this bounce, we must remember anyway, that situation is corelated with BTCUSD bounce from around 3000. Both pairs behave similar, but there is always some differencies too. I dont say "buy now before too late". The trend in Crypto is now distorted after chinese gossips, and FUDsters public comments (for example CEO of JPMorgan). But if You want get longs in this situation, remember if 3000 on BTC holds, XEM should hold above 16-19 cents too.
Where to accumulate the best cryptocurrency?It's of course my opinion, and few other peoples of course, that XEM and blockchain named NEM is best developed blockchain on the cryptoscene, and it's advandages are not yet fully discovered by the rest of the world. I may be wrong, i'am not a prophet, but this is plan how to accumulate this cryptoccurrency, on which levels. Percentage of accumulation in any stages i left to Your decision, if You are willing to invest. Of course this plan will be invalidated, if XEM start build his wave up from now on.
NEMMany positive news on NEM, will be in October, but so far the correction after growth. The most probable levels of buying are 0.15 and 0.2$.
My old strategy to be checked in XEMIt's my old strategy, from stocks markets. I'am curious if entry like this will pay good here. I changed my view on cryptomarket overnight. Rebuyed my 30000XEMs (25% of all od my XEMs) and try to close this position in TP3 place (48cents). But when someone wants manage more logical entry like this must divide profits in 3 stages (3 blue lines in my chart, 32cents, 40cents, 48cents). Basically that are levels based on Fibonnacci and Elliot's waves counting (wave 5th - if she will be constructed by market, could be 50%, 100% and 150% of previous wave 3rd - can be even more but i use only this three extensions). SL must be under pink line when 1H candle closes significantly under this line. I personaly dont use SL here as i rebuyed my XEMs from my old stack, so i lose nothing if it go lower. But for speculative entry SL must be used. And how to manage this position with profit taking? 50% quantity of position must be closed @ 32cents, and SL goes for the rest of position to the entry point (around 26cents). Than if market goes higher 25%-30% of position is closed @ 40cents, and the rest @ 48cents.
NEM (XEM) in the last phase of the correction.Just one leg down to go. NEM will finish the correction within a couple of days.
For buyers; wait for confirmation after break through of the descending resistance line.
XEM is going back to limbo?Together with all alts apparently. But this bloodbath can give longterm investing opportunity. My target to buy some cheap XEMs is 15cents and lower (in chunks).
Long position. Target $0.318The price has bounced off the support level and the bottom price range border. The general trend is directed upwards. There is a potential to reach $0.318. Next target is at the level of a previous maximum $0.355.
XEM is my gemWhere to accumulate XEMs before his trip tu da Mun? 20% of planned investition to buy @25cents, 30%@20cents, and 50%@ 15cents. Whales will be in this market circumctances hunting, so why not to hunt with whales?
Look at the magic moves in exchangesObserve that situation. If You like gamble, play with exchange. I post it for fun not as analysis.
NEM(XEMUSD) Long Risk Reward: 4.86: 1 Current 0.29553 02Sept17NEM Long Risk Reward: 4.86: 1 Current 0.29553 02Sept17
Triangle formation XEMUSDAs You can see this formation is in play on this pair. So accumulation on retraces with target 50cents+ is now not bad idea.
Elliot waves for XEM fiat pairs.My latest counting for XEMUSD and XEMJPY, must be corrected, according to principles of Elliots Waves Theory. I know that many say, that it not works in crypto or forex or even elswere. For me this theory works, but is very hard to implement in daily trading, and deliver too many possibilities of counting, that often lead to losses on market. But i try to publish my works here, and will be very glad if someone with experience in Elliots Theory help me to determine if my counting is correct.
