PPCBTC
Analysis Risk Reward ratio of entering Peercoin! PPCChecking out multiple risk/reward ratio charts
More charts to coming! :)
PPCBTC important support/resistance level to observePeercoin made some nice move towards north lately. It seems like that peercoin lose some value against bitcoin after BTC made some new highest highs. I marked area very close to the psychological round number which is 0.00100000. Blue rectangle includes all the GAP based on weekly chart. I assume that if the pair will come closer to this level some interesting price action will take place. It is hard to say what will happen after. I think there are two possible outcomes. Market will respect this level and stop losses or pair will consolidate. When look at my previous idea about this pair you will see that last round number bring some nice gains and worked perfectly as the support area. Bold black line is in the place where pair found resistance in 2016 creating false double bottom signal.
I suspect that this is first wave of the bullish trend. If the price will be stopped by combined GAP's and eventually lows from 2016 it should go north and reach next important level which is 0.00220000,
Peercoin(PPC) PUMPDear friends!
I present to your attention the idea for trading in the medium term.
In connection with the latest events, for some currency pairs: LTCBTC, XRPBTC, DASHBTC and others. We have seen how the players of the POLONIEX exchange market inflate the value of these currencies. Recently, I posted a forecast for LTCUSD, which I still hold to the position that in the near future this currency will grow, but in connection with the previously inflated cost and the lack of open positions on this pair, I offer you an alternative that I think does not seem to Less worthy, and in some cases even more, while around it there is no such excitement and a number of different speculative factors that are currently affecting LTC. Therefore, this trading position will fundamentally be safer than trading in other currencies, which are currently heard by everyone.
My idea is based on the analysis of the capitalization market chart on the corresponding resource, which in my opinion repeats the pattern of October 7, 2013.
Please read this information:
Https://coinmarketcap.com/currencies/peercoin/
Peercoin is currently on the 37th place in the list of this resource and attracts a minimum of attention, which allows us to enter at less appropriate prices for this currency, and not as we see now in the pair LTCUSD.
The main trading volume for this currency is created by the BTC-e exchange. But periodically I was noticed activity in volumes from players of the POLONIEX stock exchange (the same thing I saw a few days before the LTC cost increase).
If you believe the schedule of coinmarketcap, then in 2013, we have already seen 7.13 $ for this currency, despite the fact that at the moment its value is only 0.65 $ after a long fall, which lasted for 4 years.
Summing up the results I will list a number of factors on which I will participate in this trade and consider it promising:
1. Currency capitalization pattern on coinmarketcap
2. Violation of the resistance level for the PPCBTC pair. I draw your attention that, as a rule, most of the bubbles in alternative currency markets are relative to BTC, not USD.
3. This currency is mostly traded on the BTC-e, where most traders are newcomers, just as I myself, but with less experience trading in the markets of crypto-currencies. :)
This idea will be updated as the value changes. I sincerely believe that my forecast is at least partly true, but whether or not it will only show time.
P.S. I apologize for my English, Google Translater helped me a lot. Thanks to all.
Looking at our old useless friend PPC PeercoinI really like peercoin, PPCBTC for different reasons (bagholding is one), heres a chart, half inspired by Zar Nagar and Dj Thisle 2 who introduced me to the wyckoff model (this case in the chart doesnt really apply but its similar). He has a trading telegram and learn to trade forum on coinstreetnews - google it, its like .3 btc and will help you if you dont know how to trade, helped me and others.
This is the weekly, I also looked at daily, I think from this the bottom may be here soon. If the trendline breaks up... Oh boy.
Poloniex ppc observations - ill check ppcbtc on btce shortlyHave some $PPC I didnt sell... hodling "I believe in this coin", "long term chart looks great" etc lol
Anyway I hope we have reached a local bottom. Some interesting things should occur around halfing with the bitcoin mining hardware going to other coins, and the issues of more hashing power causing double spends FUD etc, anyway well see.
Two brothers and their journey to the moon. PPC and NMC BreakoutPeercoin and Namecoin have a significant price correlation due to their highest volume being traded on the same exchange, BTCe. Namecoin's recent trading volume increase on BTCe and Poloniex signals the start of a BTCe alt coin rally. There is plenty of room for the average directional index (ADX) to continue upwards with the +DI line following it's lead. With the ADX above 25 and rising, one can see a strong positive trend forming. The 20 RSI bottomed around January 1st and has breached through the 50 line and climbs upwards.
PPC Long, example of bullish divergenceexample of bullish divergence, double bullish bottom now forming, before good indicator that it would break out and turns out it did, now would be a good time to enter trade for a repeat?
