PPCBTC trade ideas
PPC (Peercoin) - Buy Opportunity (400%+ potential)PPC (Peercoin), reminds me of the days of BTC-e, the now defunct Bitcoin exchange platform.
I use to trade this coin in the past, when I was a losing trader.
I know how it feels, first you panic buy, then panic sell. Over and over.
Once you have that part figured out, then you don't panic buy or sell but when the prices increase, you never sell right.
Until you have to figure out the next level and so on.
PPC is a strong coin, it was one of the first cryptocurrencies, it is paired almost identically, referring to chart action, to NameCoin (NMC), the second cryptocurrency after Bitcoin. Where Satoshi Nakamoto himself assisted in the development.
Anyways, we just had a breakout. So let's trade.
Indicators:
- New uptrend has been formed.
- Many positive bullish signs.
- MACD, RSI and STOCH are pointing up hard like a baseball bat.
- And the momentum hasn't even started yet.
- Low volume (room for growth).
Let's start with a wide buy in range, because this is a great coin for LONG term hold.
This is a safe trade and recommended by me.
Buy in range: 0.00020-0.00026
Stop loss: 0.000183
Targets:
(1) 0.000411
(2) 0.000742
(3) 0.001050
(4) 0.001680
(5) New ATH
Back in those days, when I was learning to trade.
I would take responsibility, for all my bad plays.
I knew it wasn't the trade, it was definitely not the coin.
I was conscious of my mistakes, but I could not overcome.
Experience didn't help, the more I trade the more I lost.
So I took a long time out, to figure out what was wrong.
As the months went by, and the situation didn't change.
I started asking myself, should I consider quitting this game?
But finally the answer came, and the solution present itself.
The problem wasn't trading, it was within myself.
So I focused on my personal growth, meditation and all.
And I came back in December, to become the biggest winner of all.
Thanks for your support.
Thanks for this trade.
Another opportunity has come.
Will you come, join me and play?
Namaste.
Peercoin: one more leg down?Someone asked me to look into peercoin, so I don't know much about the fundamentals. But this is what I see on the chart. It has been, and still is a downward channel. It spiked at the end of November, after a major bullish divergence was formed on the RSI and MACD. It touched the trendline, but could not break it. Again the RSI cross of the trendline (yellow elipse), showed the best point of entry for this move.
On the short-term, I see a descending triangle forming which more often than not breaks out to the downside. This, together with the wave pattern on the longterm makes me think that peercoin could be going down one more wave. Again, I don't know much about the fundamentals, so if there is any upcoming major news or new updates, this might change things.