My 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.
I must close this longs on BTC buyed @ 4000 with small profit @ 4100, i will wait for another wave down to 3800$
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I hope bounce from here will go to 4150 (61.8 Fibo)
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And bounce almost done but TP on BTC easily taken @ 4150
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bitcoin i wait now for retrace to 3420-3500 area, or for triangle forming and another one spike for new ATH. @ XEM I am waiting for the same (triangle forming and spike up from there, when not XEM is going to limbo:), under 25JPY)
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And if XEM really will form triangle or something similar, and bounce from this formation, my plan of fading and using it will go to trash:)
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As You all see, trader must react on market situation very fast, even when has no time for this (i hope that my internet connection will be stable at the time of decisions)
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I'am now slightly long on BTC @ 3950 with target 4200
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Half of this long sold @4080
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I'am still waiting for proper triangle breakout. We have now triangle on BTCUSD but must observe situation. I feel that this triangle may be false, so i give him small chances but we will see.
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Breakout from this triangle down is more intresting now for me as may lead to deeper correction to 3400-3500USD area
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My plan of fading course for XEMBTC is under fire. But to be bullish on this paire, we need to go above blue line.
Also XEMJPY signals some positive moves up, but here i wait for breaking above cloud of ichimoku on 4h & breaking the 8/1 line of Gann fan
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Last non-longterm longs on BTCUSD sold @ 4150. Triangle plays out good now but i'am convinced for now that is false breakout. Must observe waves:)
I am with another long btcusd since 4250USD, target 4700USD:)
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I must close this speculative long @ 4300, cannot observe market till tommorow. For half of my longterm longs i give TP @ 4700$. XEM moves slowly, when Bitcoin moves up, XEM probably will be retesting 4800sat & 25JPY.