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Poloniex

DCR long opportunity, another leg up after consolidation?Hey folks, has been a while since I last posted an idea. Really missed the charting and trading, but I had to take a step back and analyse why I made so many mistakes and expensive FOMO trades. So here I am again, this time with DCRBTC . It already had quite a run and has been consolidating for a while, looks like we are ready for another leg up. A big triangle has formed and we have found great support at the 0.618 retracement level. There are two ways to enter the trade: a) play safe and wait for the triangle breakout (buy @ 0.01146) or b) be more aggressive and buy once price bounces of the 0.618 support level or that green trend line (in the area of 0.0086). Possible targets are: 0.02170 and if we make it past that 0.02887. Thus far for the technical viewpoint. With so many useless shitcoins that have hugely inflated market caps out there (yea I'm looking at you, DASH) it makes sense to check out the fundamentals behind a potential trade, especially if you're looking at it from a longterm investment perspective. Decred has a nice and shiny homepage with great visuals, thats quite important imo. It's not enough to only have a great product, you need to know how to sell it and who wants to buy into something that looks like shit. As for the technical details, DCR runs a PoW and PoS hybrid consensus mechanism, which aims to spread the power over the protocol across miners and users. The recent BTC blocksize scaling debate highlights how important it is to have a balanced system of governance over the chain. DCR looks strong and has big potential on that front. Checking out the 2017 roadmap (blog.decred.org), you'll find a few other things that sound great: integration of systems for hard fork voting and a public change proposals lightning network support better cross-platform GUI wallets more public presence at events lightning network support enhanced privacy features implementing payment support by approaching merchants and vendors If you're more like a short attention span type, here's DCR in short presented by a very good looking young lady ;) www.youtube.com
Long
by ntron
9
PPC - Poloniex : Maybe We can Get More?Here is my thoughts on PPC : From early days, like many other cryptocurrencies, PPC went into a down trend in long time. BUT Recently we see many coins rising up from death, like ZEC and few others. Also, the long term trend line is still not touched by the last wave, so, there is a possibility that PPC rise up from the current price (near the support line) up to meet that trend line. After that, there can be two futures for it. 1- Like ZEC and few other coins, it revives itself and goes above that bearish long time trend line 2- It reverse toward bearish market on that trend line, if this case happens, there is a chance that PPC may become dead in future like many many coins that came and gone ! I personally hope developers on PPC and LTC think about something to revive their situation on the market.
PLong
by CAB_Member
LTC is dying little by little?Here is what I see in Lite coin, although there was a news about segwite being activated on it few days ago, I see a down trend on it from day one up to this day, it may not look that important, but the trend line was drawn between the first two pumps, and this last pump? It obeys from the trend line completely. What I see is this, either LTC will change something in near future fundamentally, maybe more active developments and better news handling, or, just activation of segwite on it won't help it survive in few years (maybe less than two years)
Short
by CAB_Member
1
GRC - Poloniex : Opportunity for fast big cashPersonally, when I see a pump on a crypto currency, I tend to not look back at it for future days until it finishes all it's moves and comes back to earth. BUT This time around, it looks like GRC is making another big move, there are two possibilities here : 1- either it is going to retrace back to 61% fib 2- or it will break above 61%, in this case, the next targets will be 100% and 161% The thing is that, in it's history, GRC had a very huge pump around 9th of 2016. in other words, even if it meets 161% it's still way bellow that all time high price. So, saying that it can hit 161% is not an exaggeration. even at 61% there is a huge gain in this trade. Don't loose the opportunity.
GLong
by CAB_Member
8
ZCash - Poloniex : Time to rise UpZCash was one of those crypto currencies that went bearish from day one. Just recently, it stopped it's bearish movement and went side ways with a nice stable movement. As you can see in the chart, it is making a triangle in daily chart and had contacts with the top edge for two times. Now, the next time it touches the top edge, there is a big chance it will break up and move toward it's next target (either 100% or 161% on fibo) Looks like the time for buying ZCash has arrived and the market will rise toward that target soon. Don't let it's small bearish movement for last few days fool you.
by CAB_Member
16