PotCoin is sitting on a strong support line.
It's low risk and will bounce up within the upcoming weeks.
Set a stop loss below the support line and fib line around the 1770s level.
The fib levels and clouds will be places where the market becomes uncertain because people will be taking profits.
Try to secure profits on the largest initial bounce during those...
We just had a breakout from Pot's accumulation period so I'm looking to see a new market cycle form. We are currently sitting in the right shoulder on the Inverse Head&Shoulder Formation waiting for a breakout of the neckline. RSI showing momentum back on the buyers side
SMA20 is 0.000016 which is 23% higher than SMA200 - this gives a sign of incresing interest. Strong buy suggest support and the deviations of the daily graph shows X4 gains. Buy now and sell soon when it hits X2.
So, generally my idea is that POTBTC will bounce from 17 support line if it reaches there or it may lower than 17 to 12. Put your buy orders between 0.000017 - 0.000019 and stop-loss at 0.000016. Hold it for 1-2 weeks and we may get 20-50% profit.
Good Luck !
If you follow East Coast Crypto they've found a way to push the market with social media and collectively configured BOTs. Yesterday wast VERTCOIN, went up 27% the day before was DECRED, up18%. I'm in on POT today, 12 hours will see if they can go 3 for 3 on a full market Bearish day. Also btw, Charlie Lee tweeted on these too, but only after the BOT army was in effect.
