Trade Details This is could be anywhere from a short-long hold. It all depends on when the news comes out for coinxion (more on this below).
I really like the chart for this coin. The Fibonnaci channel seems to characterize the price movements very well. We're a little higher up in the channel than I would like to be, but with the way that the alt market has been performing, and with the above news looming, this is not something I would want to be left out of.
Market cap is only a mere $42 million, so tons of room for growth!
Entries: 2.6k, orders at 2.3k, 2k. Enter up to 3k
Targets: 3.4k, 4.5k, 5.6k, 13.2k, 17k
Stop Loss: 1.8k
---------------------------------------------------------------------------------------------------------------------------------------------------------- Fundamentals GCR is an interesting coin because it was essentially abandoned by the developers, and then picked up by the community.
The coin is essentially hard forking to coinxion by allowing people to participate in a coin swap of 1:1. This has been in the works for over a year now. It seems the team behind this is estimating completion of this in Q1 2018 (0 - 3 months from now).
Coinxion looks promising to me because there will be an ecommerce platform for it to be used in as soon as it is released. There's also a whitepaper and roadmap pending release as well. All these items are known to cause tons of positive price action!
In addition to all of this, the team seems confident in being able to peg the price of this coin to a gram of gold -0.03% -0.35% (~$40). I'm not sure how solid this plan is, but if true we could be looking at a 100x from our entry above!
Even if this idea flops, though, the above events are enough for me to want a piece of the action.
If you do your own research (as you ALWAYS should), you'll notice the team isn't very good at communicating all of this. This is GREAT for us because it means coin value is not where it should be. Once these releases come closer I expect big upsides. Good luck!
------------------------------------------------------------------------------------------------------------------------------------------------------------------ As always, please feel free to ask me any questions you have. Always willing to have discussions with new and experienced people alike!
I've been a while now in it, bought it at a higher price than it is right now (price around 30 cents), but I'm getting the idea that it isn't going anywhere. Now that I read your article, I'm having my doubts. I'm trying to read more about it everywhere but I don't see any news or any team that is working on it. Also when is this hard fork and what are the price targets we are looking at? I'm clearly not giving up on this coin because I want to HODL it, but as it seems I might be F...d because the price might go straight to hell. I need some confidence on this one, maybe you could enlighten me with more info about it? As I said before, I tried to read more about it but there is not much going on about this coin.
ecoinamist
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@Shockinalive,
I wouldn't worry about a huge price drop unless we head under 2k. Even then, we'll most likely need the market to turn for the worse to legitimately worry.
This is a game that rewards patience, especially when we're in an alt season. I can't tell you the number of times I've had people pull out of coins because it hadn't pumped for a week or two, and then a week later it pumps like crazy. Typically this is because a coin that has stayed stagnant is being accumulated by market makers. These makers want the coin to go up in value, and the more they accumulate, the more support and momentum a coin will have.
The coins that haven't pumped yet are typically the ones you want to plug profit into, because it will most likely go up in value at some point. You want to buy stable or dips, and stray away from coins that are pumping, because they can lower just as easily.
If you're all in and want to trade other coins, then maybe take some of your money out and put into other promising coins.
I apologize, but I don't have time at the moment to go into the research, but I'll take the time later this weekend to report on it. For now, try going on twitter and searching GCR or #coinxion
Plenty of reports are on there.
Stay calm, stay patient, and never panic.
Shockinalive
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@ecoinamist, true, but seeing other (better) opportunities going on right now is the one element that drives me a bit off the grid. Although you are definitely right, I need to be patient and hopefully it will be pumped up anytime soon. We will see. Did you analyze the charts perhaps? I'm curious if there are any clear signs that we need to remind ourselves off :).
re-buy now.