This is how i count waves for XEMUSD in logarithmic chart.
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redrawed main daily chart with additional blue line added:
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Correction of great wave I, have many more possibilites, but i don want to draw all of this at once. Let's look at something intresting that i have found.
Wave 1st in Ist was corrected deep to 78,2 level of Fibo.
Wave 1st in Ist was corrected deep to 78,2 level of Fibo.
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That's the right chart of wave 1 in I:
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Retrace from high of wave 3rd in I (measured on closed bars - from 0 to highest close on D1 chart) did around 0,75 retrace of Gann and around 78,2 Fibo too.
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Measuring in the same manner from high of wave 5th and Ist, gave us retrace to around 61,8 Fibo
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And from the latest ATH gave us 0,5 Fibo (for this moment when i write of course)
I have drawed @this chart possibilities of price behaviour in next months. That's not prediction, only personal vision or scenario.
I have drawed @this chart possibilities of price behaviour in next months. That's not prediction, only personal vision or scenario.
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And now if You want be an investor, not only speculator what is my advice. How to accumulate XEMs wise?
When You see retrace of Bitcoin near to 3000 buy XEMs in 16-17 cents area (or 12-13cents), with managing Your capital. Not "all in" but 30-50% percent of whole money that You want invest. If the price will go lower, even without bounce, to let's say 7-9cents area (75-78,2 levels of retrace are there) You should buy for another part of Your money for this investition (40 or 50% You should choose), and when You see bounce to level when You have bought last one (12-13 or 16-17 cents) You close immediately that trade, and You left with XEMs from 7-9cents level. You should do the same if XEMs after bounce will go lower to around 4cents (88,6 Fibo retrace from ATH). And if XEM produce finally another one great bullish wave after this sliding, You will have nice ride "tu da mun":)
When You see retrace of Bitcoin near to 3000 buy XEMs in 16-17 cents area (or 12-13cents), with managing Your capital. Not "all in" but 30-50% percent of whole money that You want invest. If the price will go lower, even without bounce, to let's say 7-9cents area (75-78,2 levels of retrace are there) You should buy for another part of Your money for this investition (40 or 50% You should choose), and when You see bounce to level when You have bought last one (12-13 or 16-17 cents) You close immediately that trade, and You left with XEMs from 7-9cents level. You should do the same if XEMs after bounce will go lower to around 4cents (88,6 Fibo retrace from ATH). And if XEM produce finally another one great bullish wave after this sliding, You will have nice ride "tu da mun":)
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You should also look at retraces levels for BTCUSD, when You trade with XEMUSD
You will find this levels here:
You will find this levels here:
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If my waves counting is false you should see in this or next two months massive pump on XEM. This will be possible if level 16-17 will hold and Bitcoin give the fuel to growth, creating his wave from 3000 up to around 6000, 7500 or 10000. I always must know that there's some possibility that i can be mistaken of course;)
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And remember, market, especially cryptomarket isn't Pharmacy. That mean dont youeven think that levels that are drawed are precise points of bounces. Bounce in immature and in low liquidity markets are always from "area" not from exact point in the chart.
