koryu

NEM wave 3?

Long
koryu Updated   
POLONIEX:XEMBTC   NEM / Bitcoin
9
NEMBTC had a major correction after massive gains and is now trading in an interesting price range again.

I keep buying on dips and hold long term.

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weekly:
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catapult whitepaper:
www.nem.io/catapultwhitepaper.pdf
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After several breakouts, inv h+s and bull div, its very likely that this was the bottom. bear market should be over finally. Looking for consolidation or bull market.
4h looks like bull flag:
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droped back in the channel, btc is too strong right now
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we should find out soon if it's a wave 2.

- wave 2 should not retrace below 1
- it should retrace so much that most profits from wave 1 are lost and it feels like the bear trend continues
- wave 2 often bottoms on low volume

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decision time soonish
Trade closed: stop reached
Trade active:
got back in
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xem usd on major resistance. 1-2 wave, if its the reversal

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