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JCBCrypto
Nov 6, 2017 5:31 PM

XCPBTC Explosive Cycles Long

Description

Here is what I see in XCP.

The past 2 years it has had 5 explosive cycles.

The cycles "pop", go up between 180% and 1400%, and do a full or near full retracement to 1 fib level, sometimes a little between .786 and 1.
The only cycle that saw a retracement deeper than 1 was the first one, which went between 1 and 1.618.
The cycles from start to finish last between 186 days and 270 days.
The average length from the previous cycle hitting the "floor" or completing fib. retracement to 1 to the fib completion or spike is around 90 days.
We've been in the 1 fib level since the beginning of oct, so we can safely say we've spent 37 days and are almost half way through the average length, meaning based off previous action,
we could expect to see bullish movement half-way through or at day 45, within the next 2 weeks.
I would watch out for this, even if you are not buying now, as there is a great opportunity.

I'd set stop losses 10-15% under fib 1 level, and let the trade ride.

Risk:reward is very favorable as it can't really go much more down, but is begging to explode based on past 2-3 years of price action.
Comments
CryptMeAlone
any update on this chart? its nov. 22
MrRainbow
I think you'll get something happening but I ditched XCP a while back. It is a good idea and had real promise but the fact is you need to pay BTC transfer fees everytime you use it. They've lost their use case since BTC fees got too high. I also hate what Go Daddy were trying to do with it. They can die.

I would be surprised to see a high go past 0.0038BTC

Me ditching a coin is, however, a very good indication of its imminent interstellar activities.
JCBCrypto
@MrRainbow, Thank you very much for your information.

We'll see what happens.
Poptop169
Very nice! Will keep an eye on.
Looks like Q2 2018 next cycle is on!
Maybe 400% gain
CryptMeAlone
you see this hitting 0.01 even 0.02 long term?
JCBCrypto
@cryptoniac90, Indeed I do.

If not, I think next cycle would see at least 0.007000 - 0.008000

0.02 is a bit high, at least for this timeframe.
CryptMeAlone
@TheCryptoLabs, thank you
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