NEM coin (XEM) - long term bullish trendline respected

Aug 1, 2017

If Bitcoin breaks the long term 3000USD price barrier signalling a new bullish run I would expect XEM to fully recover after it's nearly two month long bearish run.

Everything depend on Bitcoin price and hardfork situation. If Bitcoin starts a new bullish wave we can expect many altcoins to rise fast, since most charts look similar: an insane run of the summer begining is now corrected but overall 2017 trendline upwards is still on.

I also would give high probability for Bitcoin to move upwards due to:
* Lower amounts of Bitcoin in exchanges
* People are likely to cashout their BCC instead of BTC for profits, since this is basically free money.

All eyes on Bitcoin, stop loss under the long term trendline (0.00005090).

Aug 1, 2017

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Trade active.

Aug 1, 2017

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TP1 0.00008900

Aug 2, 2017

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So far looking really strong as expected. Surprisingly BCH is growing, not dropping, probably due to the hype in media as a cheap bitcoin compared to original version. This is not great for Bitcoin, but positive for Altcoins market due to new money coming to the market.

Aug 3, 2017

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Looking for TP1 at 0.00008900 to be reached soon.

Aug 6, 2017

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Very close to TP1 at 0.00008900 but price reversed to retest new support without reaching the tirst goal. Increased the position X2 at 7118 price and lifting TP1 a bit higher at around 1.618 fib level also where big resistance in previous price point accured. New TP1 at 9126.

Aug 9, 2017

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After the refill at around 7100 seems still very bullish. Waiting to break major resistance at around 8900 level.