koryu
Long

NEM wave 3?

POLONIEX:XEMBTC   NEM / Bitcoin
663 3 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.

Comment: weekly:
Comment: catapult whitepaper:
https://www.nem.io/catapultwhitepaper.pdf
Comment: 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:
Comment: droped back in the channel, btc is too strong right now
Comment: 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

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

Where do you think a good stop loss is?
Reply
koryu Jason7189
@Jason7189, i think if it goes below 450 satoshi, it has a chance to go for another leg down.
+1 Reply
nice!
Reply
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