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XPMBTC

XPMBTC: Descending wedge?Hello, traders. Let's take a look at XPMBTC on the daily. After the last high, the price has pulled back dramatically and seems to be forming a falling wedge, which is a potentially bullish reversal pattern. Additionally, the RSI continues to grind down as it fails to breakout of the descending resistance line, but it is approaching oversold conditions. The Bitcoin Prime team also reported a dev meeting over the last weekend that left them excited and are continuing to develop the project. These factors indicate to me that we are likely to see a sizable pump IF the bulls can manage to breakout of the wedge and RSI resistances. However, trading wedges is notoriously risky, so be extra sure to trade only what you are willing to lose and TAKE PROFITS. Target 1: Add +0.00014 to the breakout point (the initial wedge height) Target 2: 0.00038 (the highest point in the wedge) If the breakout fails after reaching either one of these two targets, I will accumulate even more with the profits for Target 3. Target 3: Indefinite if we see a major update from Bitcoin Prime. If they announce the fork date, we could see a giant, parabolic pump that could outperform Zcl's pump. Zcl pumped 193x against bitcoin in 68 days (Credit: Twitter, @RichardHeartWin on 28 Apr 2018). Stop loss: Just below the lower trendline. I personally will not have a stoploss on this bag because I can lose it all, and I prefer to average down in anticipation of a fork pump. If I see the pump materializing, I will be selling into bulls' hopes and dreams. I will actually have XPM in a wallet to obtain Btcprime, however. You never know. **Warnings** 1. This idea is extremely speculative- if you can't lose it all, do not enter. Do not forget that wedges have a high failure rate! 2. Rhett is a controversial figure, and many cryptomaniacs have accused him of being a scammer. I'm skeptical of these claims, but even if he is, remember Bitconnect. The CEO literally drew a pyramid scheme, The Office style, and the token mooned anyway. Watch. Many of the same Rhett critics will FOMO in if they see XPM mooning. 3. This is crypto. In a bear market. If you don't understand what I mean by that, stop right now, catch up on the cryptosphere, and THEN trade. 4. This idea will likely be medium term (weeks if not months). If you cannot wait that long, this isn't the coin for you. Remember that I am not a financial adviser and that I am a complete stranger on the Internet. Be prepared for me to be right. Be prepared for me to be wrong. Above all, please don't long here just because you saw some bullish chart from someone you don't even know. This is actually my first public chart, so this advice applies even more so because you cannot verify my past calls or see an independently audited trade report. Feel free to comment or ask questions!
XLong
by JAL37
PrimeCoin [XPM] Fired Up And ReadyLooks like PrimeCoin has woken up and is looking very promising. Every indicator applied shows it continuing its growth rally for now. 50% Fib retracements are pretty apparent every time it finishes one of its impulses. From the look of it, we are at the end of wave 4 (retracement) before continuing on to the 5th and final wave of the current EW Wave Cycle, before a stronger and more significant ABC correction. Buy In = .00362-.00385 SATS Target #1 = .0045 SATS Target #2 = .0056 SATS Target #3 = .0076 SATS Stop Loss = .0033 SATS ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice*** 
XLong
by ZpaceBuddha
2
Primecoin: But Wait... There's More! This is a risky one, dream big, play small, but it's an interesting concept. I guess I see opportunity where others see a dead horse. Supply is 21 million, the RSI doesn't match up neatly but every time it drops into oversold, especially in a cluster of 3, price eventually has a nice pop. Just be Patient. Looking at February or even next summer for a target. Again, super risky, rather illiquid, but if you like the fundamentals, it's not a bad time to nibble. If you never take risk, you will certainly never take profits.
XLong
by Piptocurrency
PrimeCoin Weekly Trend (XPMBTC)Another IO coin in a weekly uptrend, similar weekly setup like the rest. Watching for breakout near the .00040000's. The innovative prime proof-of-work in Primecoin not only provides security and minting to the network, but also generates a special form of prime number chains of interest to mathematical research. Thus primecoin network is energy-multiuse, compared to bitcoin network. Primecoin is designed to sustain a prosperous mining market and high level of security, while maintaining good scarcity property like gold. Primecoin also processes payment transactions 10x faster than bitcoin network. primecoin.io Free $10 Credit Market Cap $11,823,509 5,120 BTC Volume (24h) $3,153,300 1,365 BTC Circulating Supply 19,225,719 XPM primecoin.io coinmarketcap.com talk.peercoin.net
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by AaronX
3