Yep, we hodlers are dreamers. And we know nothing for sure. My common sense tells me, that this one place (why not more places?) when XEM occured in code of the mentioned exchange, shows only there was intentions to add XEM. There's no guarantees that this intentions exist for now. From whale/market maker perspective new exchange means less possibilities to control the price, or better to say less convenient circumstances. We saw in the past days how this control works. Nice spike was quick covered up to the point of the start. For me is that simple - whale/market maker do not let XEM fly, unless he wants that, or the market pushing forces will be stronger than his stack of XEMs. For now price depends only from his will. And i bet that he try to force his will on Bitflyer too. That's of course my pure speculation, i can be wrong. Is that good for hodlers, that XEMs price is manipulated? I dont think, that we will complain, when market maker will let XEMs price rise to 1$ or more.
Sorry to say that, but triangles like this are tricky, and statistically the use of them leads to losses instead big gains. They can be only played in strong uptrend, with strong balls from the trader side;)
Yep, we hodlers are dreamers. And we know nothing for sure. My common sense tells me, that this one place when XEM occured in code of the mentioned exchange, shows only there was intentions to add XEM. There's no guarantees that this intentions exist for now. From whale/market maker perspective new exchange means less possibilities to control the price, or better to say less convenient circumstances. We saw in the past days how this control works. Nice spike was quick covered up to the point of the start. For me is that simple - whale/market maker do not let XEM fly, unless he wants that, or the market pushing forces will be stronger than his stack of XEMs. For now price depends only from his will. And i bet that he try to force his will on Bitflyer too. That's of course my pure speculation, i can be wrong. Is that good for hodlers, that XEMs price is manipulated? I dont think, that we will complain, when market maker will let XEMs price rise to 1$ or more.
$ 1 is really for the new year?
That's the question to market maker:), but my gut tell me, that he needs time to squeeze much more hodlers before the next jump up. As i wrote in my other post. Daily strong close much above 27cents (or better to say 25-27cents area) and XEM have chance to rise minimum to 0,5$. In other case sideways moves with tendention to the fading of the price will be played by the whale.
Let's look at the past moves @ETHUSD (time before 2017)
https://www.tradingview.com/x/xPdKJ9f4/Comparing to that chart above, i think for now there is more probability, that XEM will do similar shape of correction before another one moontime.
https://www.tradingview.com/x/aoZz81Mk/It is normal, that after "5 wave up" structure, unfold health "3 waves" correction. Of course there is more variants of this correction possible, cause Elliots Waves Theory gives not unfortunately one scenario. Thats the reason why i say, that after successful attack to 25-27 cents area XEM will have better possibility to go higher.
Optimistic scenario for XEM can look e.g.
https://www.tradingview.com/x/XngxdtVi/As i observe many kind of markets, since many years (Forex, Stock markets, Crypto etc.), the charts are drawed not by "blind hand of free market". There's no "pure free market", there was not, and probably never will be. "Pure free market" is for me an Utopia. There are always strong forces (linked to huge capital), and they manipulate markets behaviour according to their will. But that's of course my point of view. It's not religion, i can be wrong:)
