Simplified plan in case of stronger Bitcoins bullrun.

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Bullish Gartley is forming (at least 3000-3300 sat area should be visited if we want to use this formation for trading). Plan will be of course invalidated, when strong upward moves above blue line (daily two candles closed much above this line) will be showed.

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On BTCUSD i sold 50% of my longterm Bitcoins holdings, as I smell deeper correction (sold@ 4330USD).

For XEMBTC pair realisation of deeper correction on BTCUSD can give a rest to the bears.

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Bearish SHS formation will be played when confirmed (breaking 26.5-26JPY area, with bounce from lower level around 25JPY and we have a confirmation). Await my signal.

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I decided to sell another stack of my Bitcoin's @ 4250 (so i sell together 80% of all my bitcoin's, and 100% bitcoin's leveraged positions). Waiting for much deeper correction (3500 satisfy me to reconsider of rebuying some).

In XEMJPY pair SHS sell line @26.70 broken to 26JPY, rebounced to the line but i wait for testing 25JPY, as rebounce from there may signal double bottom, so inconvenient situation. When i see 24.50 and rebounce to 26.50 then i will play short on this SHS with 20% of my XEMs holdings. I wish to rebuy as low as possible:) and invest even more from my Bitcoin's earnings. I return now to observe mode.

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Nice bounce from the red line of SHS (that was false break). But there is no guarantee that will not be another try, so stay tuned.

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If XEM dont want growth, i have i plan similar to XEMBTC pair. Plan of fading to buy cheap XEMs as low as possible. 25JPY still hold, so this is only scenario, maybe it did not happen.

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Proper chart of fading plan XEMJPY

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Remember all. This is only plan in case of fading. Not a price prediction!

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XEMJPY did double bottom in 25-26JPY area so the bearish plan is now under fire. But XEMJPY must do reliable formation (like triangle) and bounce from it, to say that bulls have won. For bullish scenario i dont plan to jump in to the train, as i own much XEMs to sell it higher, when next bubble will be formed. But i signal possible entry points here for all of You, that are intrested to jump in. What is my concern, Bitcoin dont want correct deeper, but in this case i wait in similar situation as in XEM/Fiat pairs. Reliable formation to jump in:)

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Triangle in XEMJPY and XEMUSD pairs is somewhat formed but without jump in price and with another Bitcoins bullrun 3000sat+ possible @ XEMBTC pair.

Next ISHS formation but greater than before

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In contrary if formations on XEM fiat pairs give a bullish push, XEMBTC should stay in 6000sat+ or be higher.

ormin79

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