Situation on XEMBTC compared to XEMJPY

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As i wrote in my previous idea, fiat pairs are now much more suitable for me to analyze and trade.

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Do we go lower due to problematic Bitcoin situation? It's more probable now than growth.
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Pending buy orders moved to 13-13.45 JPY area
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drive.google.com/open?id=0B6yAl7ZW5c7yWlpST1Y2NU1BN0k

My little bullishness is provoked by bullish candles formation (engulfing) on the weekly logarithmic XEMUSD chart, made by me (see link above).

The same in arithmetic weekly chart of XEMJPY
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XEM doesn't wont to retrace so deep. But is still under 20JPY. After brake 20JPY this chart illustrate what can happen.

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ISHS formation will be in play, but i warn that majority of this formations in crypto doesn't payout full (maybe partially, around next resistance points on chart, and then is quick retrace below the activation line for formation like this)
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And we have now flag formation on XEMBTC pair

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7400sat is a minimum for this formation to fulfil, but i think XEM may hit in this move 8000-8300 area.
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Now on XEMJPY triple high detected. 20JPY is strong resistance area. Retrace from here is possible on low volume (maybe even to 13JPY)
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Okay i will sell some @ 18.20JPY to rebuy lower (target 17.20JPY)
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Closed on entry point
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Open long position @ 18.375JPY, TP @ 21.50
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Long position closed @ 18.60JPY, waiting for another chance
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Short position @ 18.89JPY target 17.50JPY
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Retargeting TPs 50%@ 18.53, 15%@ 18.27, 15% @ 18.06, 10% @ 17.50, 10%@ 16.90
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Adjusting TPs 50% @ 18.40, 25%@ 18.20, 25% @ 18.00
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trade closed @ 18.77JPY
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We are in bullish mode:)

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Till the green line 1/1 of Gann's fan holds, long positions are best way to trade and earn.
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Adjusted chart XEMJPY with Gann's fan's. XEM is still well above 1/1 line for fan from bottom @10JPY. Till this line holds trend is bullish!
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For XEM/BTC pair situation with Gann's fan's looks little different

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XEM need break resistance of 1/1 green line of Gann's fan made from high @14000sat
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Scaling charts for fan's here is crap here:) but one more time i hope it's proper now

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Ok for me this tools like fan's used in tradingview are not so accurate as old best ichimoku.

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In XEMJPY 4h chart trend is solid, but i will be waiting for divergences like this in May to sell many of my XEMs:

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Best in all of indicators i use:)
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29JPY should be first significant stop for this ride to north, i expect retrace from that point.
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Correction of last comment 29-32JPY should act as resistance. But must be confirmed in 15min, 1h, 4h charts with divergences from indicators that i use.
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For XEMBTC pair 9500-10500sat area should give more resistance for this move.
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sold 50% of my shortterm longs @ 25.5JPY, 15min chart smells like dump activity.
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rest of my shortterm longs sold at 23.50JPY, waiting for deeper correction (20.50 is first level that i look into closer)
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On XEMBTC supports are now for me 7300-7400sat (weak), 6800-6900 ( stronger), 6300-6400sat (mostly probability to hit this place at retrace and bounce up)
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correction of update sold at stop @ 24.50, also i see potencial bounce if we go lower to 22-22.50 area. But there is question now if this is possible and i dont know, as i'am not insider of NEM team:)
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If 23.30. will hold that dump i may reconsider to renew partially my shortterm longs but in 33% of the previous quantity.
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But if not it will go further down to 20-20.5JPY and 6300-6500sat area. As i see now double top at 9000sat is in play, so scenario of fading lower is more possible, than growth.
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And my little work to describe what are possibilities for nearest future
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That is Elliot's waves world. There is so many scenarios:)
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There is nothing now to thinking .With Bitcoin smashing resistance @2900-3000, XEM will be much much higher in nearest future. I renew my shortterm longs @25JPY, and another i will buy when XEMBTC falls to around 6500sat.
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It is second time in my life when i try to participate in bullrun, instead to waiting for deep retraces. Come on XEM! Tu da mun!;)
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My targets on XEMJPY are: 30JPY (67% of my shortterm long holdings), 40JPY (33% of the same holdings), 60JPY (20% of my longterm assets in XEM)
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We must now observe 6900-7000sat area as possible support before spike up.
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Double top formation partially fulfiled.


According to this analysis of mine, i decided to take longs @7030sat
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so i cut also my longs in JPY to 25% from 50%, to diversify risk. On XEMJPY i will take a look closer when retraces will be much intresting than now:)
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I cut longs on XEMJPY @ 25.25JPY (taken at 25)
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XEMJPY looks like frozen, it's natural when Bitcoin gets close attention of traders. I close rest of my longs @ 25.15JPY and will be waiting to jump in in another point of XEMBTC or XEMJPY. Position taken@ 7030sat i hold but TP is now only one @ 7600sat.
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Position closed @7200, trying to retake @ 6950sat with target 7550sat, setting up alerts and time to little sleep;)
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position taken @ 6950, 65% TP @ 7600sat, 35%@ 8100sat
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Due to my family problems i must retire from market, i will be watching situation, but with rare comments an analysins from my side. Position closed @ 7200sat. I will be intrested in buying XEMs when i see deeper correction, when not, and XEM will skyrocket, then i will sell some of my longterm stack.
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Wow! XEM doesnt stop amaze me, go go go tu da mun:). I will wait patiently to 1$.
Trend Analysis

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