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MarkCanna
Jun 15, 2017 2:04 AM

XPMBTC - highly speculative long (do you like excitement?) Long

Description

As requested, here is an analysis for Primecoin.

T/A: The chart is a disaster. Multiple upward wedges, which I normally love, which then fail to the downside. But it is revealing. XPMBTC appears to have many pump spikes, which we could exploit for quick profit. I would expect this pattern to continue.
Fundamentals: I spent a few minutes on their site doing some research, and I came out more confused. These do not apply.

Final thoughts: Take a position here, and put a sell order well outside of the market (+50-75%?) Maybe you will catch one of these recurring pump spikes. If nothing else, the world is pouring money into crypto, XPMBTC has a very low market cap which I love. The general trend, while ugly, appears bullish.

POLONIEX:XPMBTC

Comment

Well that one worked like a charm. Was up almost 50% from entry at one point. Would still be looking to add on good pullbacks, and play this pattern out until something fundamentally changes. I'll take a W.
Comments
seuncares
Interesting spikes...you have got good eyes bro!
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