Bearish movement stopped around 0.0002500 and tried to moved below for 3 consequent months. March comes with strong bounce from that level suggesting trend reversal. Pair bounced from mentioned level and created big bullish candles on monthly weekly and daily chart. Chart 4h intervals reveals quite interesting formations suggesting further gain of ppc vs btc. ...
This might be a kneejerk reaction to the spike we've just observed in NMC. This is a coin I've followed since 2014, watching its massive gains and now massive lows. Very likely that I will be grabbing 12k or so NMC this morning and holding for the next few days. 0.30 is my first target, however depending (Of course) on Bitcoin's movement the potential for gains...
Interesting to look at the market conditions in terms of established alt coins and Ethereum. It's no surprise that Ethereum is heavily weighted in the crypto-markets and has had an impact on mostly all coins that share an exchange with it. When Ethereum was added to BTC-e it was introduced into a small, select group of well established alt coins such as LTC,...
Areas highlighted are where I think price will turn.
Just an observation.
It seems Peercoin experienced a nice spike soon after the Bitcoin Halving on July 9, 2016.
Describe what you think and why.
I 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...
Long position opportunity with BTCE:PPCBTC also with OBV Profile Trending Upwards Breakout approximately around beginning of 2017.
Attempting to break from accumulation range?
We see price doing lower lows and stays afloat on a bottom while weekly RSI (30 periods) is grinding higher lows. Bullish divergence is brewing. Coupled with a false breakout, we might see a medium-term rock bottom. The false breakout is giving a nice 3 bars pattern "kangoroo tail" discovered by Alexander Elder which uses also MACD or RSI divergence to select...
PPC is at a major market pivot point. It has been moving sideways for so long that it has crossed over most sloping downtrend resistance lines. However it keeps getting rejected at a horizontal price level. This level was once support but is now resistance. The MACD has not given away all it’s momentum yet, but if the price drops below support in this very tight...
I've seen this question come up a lot since Bitcoin begun rising. These two altcoins have historically followed each other very closely in terms of price until recently. As Bitcoin rises and altcoin prices have fallen, we have seen Peercoin (PPC) drop below Namecoin (NMC) significantly. I believe the explanation for this is quite simple: there are more Peercoins...