NEM coin (XEM) - long term bullish trendline respected

1 ส.ค. 2017

If Bitcoin breaks the long term 3000USD price barrier signalling a new bullish run I would expect XEM to fully recover after it's nearly two month long bearish run.

Everything depend on Bitcoin price and hardfork situation. If Bitcoin starts a new bullish wave we can expect many altcoins to rise fast, since most charts look similar: an insane run of the summer begining is now corrected but overall 2017 trendline upwards is still on.

I also would give high probability for Bitcoin to move upwards due to:
* Lower amounts of Bitcoin in exchanges
* People are likely to cashout their BCC instead of BTC for profits, since this is basically free money.

All eyes on Bitcoin, stop loss under the long term trendline (0.00005090).

1 ส.ค. 2017

บันทึกช่วยจำ

Trade active.

1 ส.ค. 2017

บันทึกช่วยจำ

TP1 0.00008900

2 ส.ค. 2017

บันทึกช่วยจำ

So far looking really strong as expected. Surprisingly BCH is growing, not dropping, probably due to the hype in media as a cheap bitcoin compared to original version. This is not great for Bitcoin, but positive for Altcoins market due to new money coming to the market.

3 ส.ค. 2017

บันทึกช่วยจำ

Looking for TP1 at 0.00008900 to be reached soon.

6 ส.ค. 2017

บันทึกช่วยจำ

Very close to TP1 at 0.00008900 but price reversed to retest new support without reaching the tirst goal. Increased the position X2 at 7118 price and lifting TP1 a bit higher at around 1.618 fib level also where big resistance in previous price point accured. New TP1 at 9126.

9 ส.ค. 2017

บันทึกช่วยจำ

After the refill at around 7100 seems still very bullish. Waiting to break major resistance at around 8900 level.