Just an observation.
I really like peercoin, PPCBTC for different reasons (bagholding is one), heres a chart, half inspired by Zar Nagar and Dj Thisle 2 who introduced me to the wyckoff model (this case in the chart doesnt really apply but its similar). He has a trading telegram and learn to trade forum on coinstreetnews - google it, its like .3 btc and will help you if you dont know...
Have some $PPC I didnt sell... hodling "I believe in this coin", "long term chart looks great" etc lol Anyway I hope we have reached a local bottom. Some interesting things should occur around halfing with the bitcoin mining hardware going to other coins, and the issues of more hashing power causing double spends FUD etc, anyway well see.
Attempting to break from accumulation range?
Peercoin and Namecoin have a significant price correlation due to their highest volume being traded on the same exchange, BTCe. Namecoin's recent trading volume increase on BTCe and Poloniex signals the start of a BTCe alt coin rally. There is plenty of room for the average directional index (ADX) to continue upwards with the +DI line following it's lead. With the...
example of bullish divergence, double bullish bottom now forming, before good indicator that it would break out and turns out it did, now would be a good time to enter trade for a repeat?