This horse is from banksters family (i dont own any chunk of their coins made from air like FIAT money, and with unlimited creation of coins), but who cares. Cryptosphere needs new fuel and new God. If not Bitcoin, Ripple is best replacement. For now and only as a horse:). Under 25 cents however - DOOM not MOON awaits.
showing here the same possible reversal week 24-30 September. Ermanometry in case of XEM does not work however so precise in comparison to BTCUSD weekly chart (after all time high made by Bitcoin - before that time ermanometric calculations seem not to work properly). But XEMBTC chart suggests possible nearing of ending this bear market here. Some spike up should...
I cannot paste images in my last idea, so new idea with situation update. That 5th wave if will occur should not last long, minimum for this is around 7 cents (38.2 length of wave 3rd) maximum rests for trading robots or panic sellers. I will put some pending buy orders @HitBtc and @Zaif but in hope for get fast free of cost XEMs. Before trend change here should...
Since i try to test ermanometry on many instruments only one test satisfy me fast full. Weekly chart of BTCUSD. Erman wrote in his book, that only daily should be used (as the highest timeframe used) but since February 2018 in case of BTC weekly chart is more accurate to get intresting turning points. The lower timeframe (i tried to test even 1h) the more mistakes...
caused here double top on chart. Now area with vertical two blue lines is resistance area, based on 4h ermanometry calculations. I prefer of course 1 day charts calculations, but sometimes is worth to look at lower timeframes.
...
resistance area made from small, green triangle worked well. I expect here, the same as in case of XEMUSD some wave 5th down. But this is only my expectation not prediction;)
Blue line is perfect entry point here (daily close from coinmarketcap), red line is Stop Loss signalling line (if daily close will occur under that line).
Published only for testing purposes! Not trading advice!
looks good. It is first time since i analyse XEMUSD, when ermanometric reversal day have worked so accurate. Ermanometry of course is not always so accurate (like resistances and supports levels - see also the previous potential reversal day market as 106 vertical line on my chart, now work like ermanometric pivot and was like resistance @around 12cents), but is...
Only for learning purposes, not the trading advice!
Bitcoin can extend shortterm uprally/correction, but if not SL for this long strategy is under orange line (on 1h but better to look even 5min chart). Target is 7400 to even 7900 area.
It's tempting situation to set pending order @ 5800. Even if the wave down will be longer and if it will attack succesfully that level, there is suport area around between 4000-5000 from which levels always retest of 6000 should occur and this entry can be closed without loss. However conservative players must look @ price action and indicators (1h, 2h and 4h) to...
but after some correction of course, not after FOMO:). Days 27-28 or even 29.07 should give some corrective waves (even to around 7500$), if the new top will not be formed today or tommorow.
Not a trading advice!
