CounterParty (XCP) Short Term Trade | Bittrex & PoloniexXCP has been performing quite well even during a market-wide correction. This is a coin with plenty room for growth.
All indicators looking bullish on both the daily and weekly charts.
Buy Range:
0.0044 - 0.0049
Sell Targets:
Target 1: 0.00598
Target 2: 0.00647
Target 3: 0.00779
Fundamentals:
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Counterparty
Counterparty [XCPBTC] | Safe Trade [+225% potential Profit]
Idea
Counterparty a nice performing token, even in crypto crisis days like these...
Plenty room for growth...
Technical
1d chart:
MACD: is about to cross steep
RSI: Is rising
STOCH: Is rising
= very bullish -> profits ahead!
weekly chart:
MACD: strong!
RSI: strong!
STOCH: straight rising
The weekly chart looks even better!
Crypto crisis? Can't see dips or anything...
The coin will bull out of this large crypto market retracement...
Buy-In
0.00048000 - 0.00062000
Stop-Loss: we want profit out of it, losing is no option, we only sell for profit
Targets via fibonacci
1 | 0.00323013
2 | 0.00481583
3 | 0.00609742
4 | 0.00737901
5 | 0.00920364
6 | 0.01152788 | old all time high
7 | 0.01823994 | new all time high <— Fib. 1.618 extension
Conclusion
Invest relax & earn.
We only trade for profit, never for loss.
Counterparty (XCPBTC) Diminishing Volume, Ready for next impulseWaiting on a strong bounce on XCP, volume diminishing
Keep an eye on the boxed area for a signal to load up.
Counterparty XCP preparing for next run potential +77% Resistance becomes support.
Stochastic RSI oversold
Buying pressure increasing
1st target 734114
Let's go!
Counterparty Still Holdingif you followed my chart for counterparty early december youve just made around 3x roi. Now its your own choice whether you want to sell it or not. But im hodling because of the coinburn which leads to price increase overtime. Check my idea ''Counterparty possible 5th Bullish Channel'' early december in related ideas for info
CounterParty (XCP) | 1100% PotentialWe are currently up about 100% from our original entry at 200k (original chart was deleted by TradingView).
I also realized I made a mistake in my original chart by stating there was only 450% to All time high.
I was working off of Bittrex, but did not realize Poloniex had more history of the coin, where it reached 4500k!
This is about 1100% up from where we are now. What a wonderful mistake to realize that your potential profit can go 2.5x more than you thought!
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Trade details:
We are high up in the FIB channel, and we are hitting up against the 1.618 Trend-based FIB line, so I am expecting lower entry opportunities. However, with the right amount of volume, breaking through the 1.618 FIB would be very bullish. This is why I'm setting up a small position at current price, and bigger positions below.
Original Entry: 200k
New, Riskier entry: Starting small position here at 420k (I'd enter up to 440k)
Safer entries: 401k, 370k, 320k
Targets: 495k, 530k, 680k ... 1114k, 4500k
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As always, please feel free to ask me any questions you have on this idea . Always willing to have discussions with new and experienced people alike!
Counterparty/XCP - XCP/BTC - 23%/150% Dear Friends
Only invest money that you can afford to hold
SK
Comments Are Appreciable
Jazak Allah Khair
Happy Trading
Counterparty (XCP) getting ready to moon? A solid old project about to break out of the resistance level to test the all-time resistance?
Also testing new ATH in USD price(discovery).
Counterparty (XCP) Private analysis (Uptrend + Profits Potentia)As you can see from the chart above, XCP is on an uptrend on the daily chart and there is room for growth. This coin can be traded for positive earnings.
- The daily chart looks good, we are in the bullish zone, but the channel is big and there will be many price swings. This is a great opportunity for swing trades.
- For the swing trades, you buy when the lower part of the channel is hit and sell when the price is near the top. If the channel is broken you can expect a new trend to be formed. This can be up or down.
The daily chart looks good but let's look at the weekly... Next week might be consolidation, depending on how this week closes, we can gain more info on next week... But let's look at what we have now.
Here is the weekly chart:
The weekly chart looks really positive for long term upwards potential.
- The MACD just crossed over and is showing plenty of room for growth.
- The RSI is also going bullish and with room for growth as well.
- The same signals are true for the STOCH & DMI indicators, both are positive and show room for growth.
Now, these are strong indicators since this is the weekly chart. So it takes weeks for these to build up. So even if we have small negative swings, these indicators can stay in the positive, which is good to make money riding an uptrend.
The magenta lines are targets/resistance, the black lines are support.
Note: This is not a suggestion to trade, this is my analysis of how this coin is doing. Trade at your own risk, as I won't be following up on this analysis, YET, this information can be useful if you know the basics on how to trade. Buy, hold and wait... To finally sell on target.
*** Message
Check out my new mantra, try repeating it 10 times and look for results :D
This will allow you positive energy, source love and growth.
This is my gift to you for your support... Your Chakras will be energized, specially the 6th Chakra (3rd Eye), your abilities will wake up.
Here is the mantra: " Om Stanesha vahtu nevehem "
Namaste.
Enjoy your analysis, and enjoy the rest of your day.
XCP to make a counter move?
This is a nice chart here of XCP/USD. The volume is busy to say the least. Its also worthy to note that Counterparty has OG status and has not participated in this recent mania.
Happy Trading!
Counterparty possible 5th Bullish ChannelHow to earn money with XCPtokens
XCPtokens cannot be mined and was not sold in an ICO.
Rather, it came into existence by using a “Proof-of-Burn” method. This simply means that a certain amount of bitcoins (BTC) were sent to an unspendable address, and in exchange of these BTC, Counterparty tokens were generated upon the Bitcoin blockchain.
This was done to avoid pre-mining or ICOs.
As BTCs were burned, they can never be spent again. This method of coin generation also gives a fair and equal opportunity to everyone (including the founder of the project).
A total of 2,130 BTC were burned creating 2.65 million XCPtokens .
These XCPtokens are used to make custom tokens and run smart contracts.
To overcome their problems with smart contracts, Counterparty imported over the EVM – Ethereum Virtual Machine.
Since then, Counterparty has grown at a decent pace. It was launched on 9 January 2014 at the price of $7 per unit.
Moreover, as the XCPcurrency is tied to the Bitcoin blockchain, it will grow as the technology of Bitcoin improves.
Also, XCPtokens is being used as a fuel to be burnt for running smart contracts on the EVM.
Hence, its total available supply will decrease over time as no more XCPs will ever be created.
This indicates a rise in the price of XCPtokens in the long run. A good example is Binance Coin(BNB) who burns 20% every quarter. If you check counterparty's blog 2018 will be a very interesting year
XCP Counterparty Wants To PartySome sideways action after passing recent high, looking to .0047 as next dance in the party
Counterparty Jump Shot FLDC Overlay - Long TradeThis is a Counterparty all-time chart with Foldingcoin and Bitcoin overlaid for comparison. Foldingcoin is based on the Counterparty blockchain and you can see that there is significant correlation between the two, with FLDC outperforming XCP considerably as measured by percent change. Both of these assets are young, show promise, and have a multiplicity of potential uses in the financial sector, for large national central banks, hedge funds, investment banks, etc. The repeated formation of higher highs strongly suggests rises in price, and ideally we are looking for that BIG pop that breaks past multiple highs in one run, but this is not at all guaranteed to occur. That possibility makes this a speculative and RISKY but attractive long-term long-trade. Therefore I recommend placing a small amount of capital into this trade that you are prepared to lose completely should price continue to plummet and leave you underwater. This type of trade requires lots of patience and a high risk tolerance. It also requires that you be watching the market as frequently as possible, because if and when we get that fat pop, it's likely to be very fast and you need to be prepared to take profits without hesitation. Circulating supply is a meager 2.6 million and the protocol features a "deflationary design," which means that the value of the Counterparty token is likely to go UP as coins are removed from the supply. Happy Hunting Everyone.
P.S. To learn more about Counterparty Technology, use this link: en.wikipedia.org(technology)
Counterparty Position IdeasThis is a follow up in response to a comment from a viewer, I've added on a few possible targets that you could use to manage this trade. I recommend that you split up the body of your holdings into different trade ideas with different expectations and time targets, so this is why I have given a range of possibilities. Having 3 separate positions in 1 position allows you to capture the POTENTIAL for gains over multiple timeframes AND to actually close out those profits while you have them but not lose all of the POTENTIAL to have the position continue to grow in value. You want some level of consistent exposure to have the best opportunity to get the most gains. Another great way to invest in Counterparty is simply to invest in Foldingcoin, which uses network hardware to study cancer and rewards the network providers (Full Disclosure: I do not own FLDC because I made 1000% on it so I sold it XP). I believe that profits taken on FLDC by the development team will be used to reinvest into XCP or that the price of XCP will become inflated regardless. Right now, Counterparty is experiencing a whale's shakeout, with naive underwater positions getting destroyed, but it's a great opportunity to buy, HOLD, and then watch like the eye of sauron, always watching.
Potential Cup & Handle forming XCPHandle may be currently forming. However, it is rather deep down for it to be a textbook handle. Therefore, I think a smaller cup may be forming, approaching the test of the resistance trendline between 720-800k, followed by the forming of the handle before *finally* seeing a breakout.