alanmasters
Long

Peercoin Hits Bottom | Up to 8300% PProfits To All-Time High

BITTREX:PPCBTC   Peercoin / Bitcoin
Peercoin ( PPCBTC ), one of the first cryptocurrency projects to launch and also a classic, hit a new all-time low on the week of the 15th of July and started to print some bullish signals... Let's take a look:

  • After hitting a new ATL , PPCBTC printed the "Morning star" pattern. This is a bullish pattern and holds additional strength here as we are looking at the weekly time frame.

  • Together with this new low and the bullish candlestick pattern, we can see a massive increase in trading volume and a huge 100%+ bounce.

  • Long-term bullish divergence , since late 2017, can be spotted on the MACD (purple arrow).

  • The RSI hit massively oversold and its lowest ever.

  • The profits potential for PPCBTC from the current price (0.00004128) to Novembers '16 peak price, is a massive 8300%+.

  • Just reaching EMA50 (0.00011630) from the current price, which can be easily achieved, can generate a generous 181% gains.

As you can see, Peercoin has been available for trading on Bittrex since April 2014. Good for long-term hold and to diversify.

Any questions?

Feel free to use the comments section below...
It will be my pleasure to answer any questions.

Namaste.
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Related Ideas

This is a dying coin with a 1 week RSI at its peak overbought mark. Anyone would be crazy to buy this now.
Reply
alanmasters PurpleCrypto
@PurpleCrypto, You need above 70 to be overbought (PPCBTC reached up to 85 on the RSI) and the RSI is sitting right now at around 31.88.

We consider 30 on the weekly to be oversold... Try that one.

Thanks a lot for your comment.

Namaste.
Reply
PurpleCrypto alanmasters
@alanmasters, I'm not sure what you are looking at but here's an accurate snapshot for you (I did it with clean glasses).

https://pasteboard.co/ItnCJ9U.jpg

Almost a 500% drop in just over a year. Currently sitting at 96.5% RSI. By my standards, that is overbought.

I'm not sure about you, but I prefer to trade a crypto that shows at least minute chance of survival, rather than hoping a penny stock MAY shoot up in an instant.

Having said that, good luck!
Reply
PurpleCrypto PurpleCrypto
Here is the screenshot.

https://pasteboard.co/ItnFgho.jpg
Reply
alanmasters PurpleCrypto
@PurpleCrypto, That's not the RSI, that's STOCHRSI.

Namaste.
Reply
PurpleCrypto alanmasters
@alanmasters, That's what I meant. I could have been more specific but figured it should be obvious to trained eyes the type of RSI indicator I am using.

Just saw it has dipped over 5% in the last 24 hours. Hmmm...
Reply
alanmasters PurpleCrypto
@PurpleCrypto, The one we are using is oversold...
Reply
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