Dear 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:
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.
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:
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.
Comment:
Rollover on BTC-e occurs at 00:00 UTC +3 (Moscow).
Comment:
The week was closed, my goal is 200EMA for 1w timeframe at 1.5$.
bitcoinwisdom.com/markets/btce/ppcusd
bitcoinwisdom.com/markets/btce/ppcusd
Comment:
I draw your attention that most of the trading volume is on the exchange BTC-e on a pair PPCUSD.
coinmarketcap.com/currencies/peercoin/
coinmarketcap.com/currencies/peercoin/
Comment:
Be careful, at the moment you can create the impression of a mass sale, but do not forget about the type of traders trading in this market who are waiting for the maximum possible value of this asset and will until the last sit in it, as well as the current sales volumes do not match the volume of purchases.
Comment:
The idea is still relevant. I expect a substantial continuation of the growth in the value of this currency after the level of capitalization of $ 19,804,002.
Trade closed: target reached:
All targets reached. Thank you all for attention.
