Last week during the bloodbath I was thinking that good opportunities have to come out of that. My avid research in whole world of crypto currency for 2 months now have left me with lot of beginners mistakes, losses, even bigger losses and bad feeling of not getting it. Then I decided to follow those who are longer in this game than me and learn from their experience. This led me to reading charts with perspective on structure of the chart itself and what causalities are linked to specific forms that are created during life cycle of a particular coin.
I stumbled upon this bowl shape (don`t know professional term for that yet) which rocked my world, covered all my losses and made me really happy in the process. I want to share that with you now so that this transfer of knowledge is continued through me and that we all may, during that process, become more significant force for good in the world.
Coins in question are XEM, BLK, XRP and NXT, in that order. That is because they happened one after the other and last one is still matter of future affairs. So, lets start.
XEM
When I found XEM, I was very much into Elliot wave theory and structural perspective and this shape was beginning of W form in my mind so I drew it like that. I bought close the the low point and hoped that my theory will check out. I did not expect much from it, to be honest, so I invested very little in that campaign. Two days my projected rise was delayed because at that time BTC and BCC were sucking blood out of all altcoins, XEM included. Once it started to rise, I sold for 33% profit and was satisfied that it worked. But, one time being right is hardly a trend forming and I needed more testing.
Enter BlackCoin.
BLK
I found BLK again with tip from #LeaksCrypto that BLK is loading up on volume after the bloodbath and that rise is expected with as much certainty as anyone can give at that point. But, as soon as I saw one side of the bowl, I immediately put my purchase at again, low point (heavy support line actually) because I saw it as perfect opportunity to continue testing of this bowl shape with BLK as XEM wandered on its own path somewhere else. Bingo second time. I put moderate amount this time because I did have successful trial first time and got over 60% profit from this. I did not sell at high point for 74% profit because, well, inexperience. I thought it would rise some more. I was wrong, but happy still the same.
Now what? Come Ripple, Ripple, good coin.
XRP
Love at first sight, as soon as I saw and realized that it is XRP in question, I put in even less moderate amount (because twice being right is only beginning of a possible trend, not yet real thing) and got in, again, near the low point. This time I did not sell, I still hold because from what I can see in long term indicators, this is just getting warmed up and I want to follow it through. But if somebody bought at my price and sold near the peak from today, they would get easy 64% profit. I decided to hold for some more while everything is looking so nice.
And now? New Economy Money, will you confirm the trend and live up to your name?
NXT
NXT is now in same stage of forming this bowl shape as BLK was on August 17, XEM on August 18th and XRP on August 21st, 2:21 PM. If basis of scientific method is process which results can be replicated in different circumstances but operating under same principles, I can call my bowl shape theory on its way to become fairly strong trend, at least when this shape in chart is concerned and from my limited perspective of subject matter at this time.
So NXT. I gave myself a lot of time to decide on this and watched it carefully. For whole day now its been sitting around 2700 sat support and its waiting for something to let it go. From my experience with XEM, that could take couple of days and sleepless nights but I went in with considerable amount this time and am expecting a lot from it.
To conclude, please take into consideration that I am not a professional, nor is this professional trading advice. You and you alone are responsible for your actions and decisions and you should consider investing only the amount you are willing to loose. With that said, I expect much from it and don`t say I did not warn you in time.
Peace and love.