BITTREX:XEMBTC   NewEconomyMovement / Bitcoin
XEMBTC             first I see it will go to 61.8% level fibonacci. Now in falling wedge
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I think XEM repeat its market cycle. maybe in may with catapult release we will see recovery
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Can we say that the wedge broke down? close trade?
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samowen92 PRO goshetovan
@goshetovan, Check coin market cal, plenty of news coming for this coin this month and the next few... i'd hold if were you. this trade will go ahead sooner or later.
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@EXCAVO what do yo think of this fake walls with 93830 xem
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now I see two fake walls of 5btc one in buy orders and the order in sell orders with the same amont of units

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I like this man. I hope too God this is the case.
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Thanks for the analysis!
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With all due respect @EXCAVO having in mind we are expecting that Bitcoin will most probably fail to breach 9000 level, there is a great probability that could go in reversal pattern all the way down to 7850 level, which will certanly affect XEM or any other altcoin, so XEM could actually dip for like 10-12% in the first instance (6251 sats value as i m writting), so i would recommend to wait potential price reversal on XEM or XRP.
Anyway, considering we are bearish when talking about Bitcoin, it would be wise option to wait for even smaller retracement (in general dip aproximately 40% value is coming), it wont be wise to invest in any other altcoin as this very unstable enviroment clears, so we can possibly either rebuy on huge retracts or make short swing but on lower price level of bitcoin.
It's very deceptive situation.

I do really apreciate your work, you have best drawnings and clear targets.
Regards
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@milanjelic, If bitcoin keeps going sideways then this may be good for a short trade. I agree if bitcoins fall along will the alts, however if the above chart gets the bounce it could be a way for traders to secure profits in a very bearish market.
+2 Antworten
sweb053 milanjelic
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