Hi, thanks for the analysis, but I have a few questions. 1. Why XEMUSD and not XEMBTC as the real market is only XEMBTC, right? 2. What kind of trade do you suggest at the moment?
@martin2048, Looking for breakout trades on the majors for now, don't want to catch any dead cats. Will hit up a XEMBTC chart for you.
saintbitcoin
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@martin2048, I would go for a bump and run, breakout trade setup, alert for 9800 - 10 000, make sure there is good increase in volume before jumping in. RSI above 50 - 60, you can use PPO indicator to catch the tops.