This is a beautiful chart that has shown an ABC Elliot Wave correction. It has a strong support at 60k satoshi since that is the coins ATL (All time low). it also matches very well with the fibbonacci theory of shorting the falling trend (surprisem surprise) It has tested the support once, but had a quick bounce back to 70k-ish levels.
This chart looks like its...
At the beginning of April Counterparty rejected the long-term uptrend trendline. The price went up from $10 to $23, after which another corrective wave down followed. At the end of May, Counterparty rejected the long term uptrend trendline once again suggesting yet anther wave up.
The resistance is seen at $31, which is confirmed by two Fibonacci retracement...
Counterparty seem to find the bottom near $10 psychological support area. Price has reached the low at $9.63 where it rejected the uptrend trendline. Current price action suggests that the long term uptrend is likely to continue, especially after the 50 Moving Average has been broken on a Daily chart.
There are two resistance levels to watch, first is 76.4%...
Counterparty showed a full retace and just entered my buying area for accumulation of this coin. It's looking incredibly oversold and indicators are starting to look positive day by day.
Recent volume spikes are showing me that whales are accumulating and that potential bottom could be found. There are also multiple indicators on the entire market that are...
BITTREX:XCPBTC is getting ready to rally.
My points to consider the rally:
1) Falling wedge broken
2) Multiple bottoms have been made ( First sign for rally)
3) Decent volume spikes
4) Recent High was broken and being tested.
So I would wait for one more confirmation that it breaks the resistance at 187 SATS then Buy. I...
XCPUSD has ended a cycle on 12/02/2018 high at 97.60. Since then, the token has developped a double correction structure through 17/01/2018 low, 23/01/2018 high and we are in the final leg. I called the first cycle of this third leg completed at 02/02/2018 lwo followed by a FLAT that ended at 39,657 high on 16/02/2018. From there, I can see a wave 5 possibly...
Pitchfork of $xcp on the weekly against the dollar
We're currently near the mean of the trend, we 'wicked' to it last week. It'll be interesting to see if we can move to the upper level of the pitchfork of if we'll bounce down.
I think decentralized exchanges and privacy coins will be of particular important to the $crypto market in 2018
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...
XCP/BTC has been consolidated for very long period of time. Having strong fundamental, however it is currently being under-evaluated in my opinion.
Weekly chart shows that long term resistance has been broken out, and after that a retest.
Uptrend may begin from here to next several months. Long term holding maybe good strategy at current situation.
One of the HUGE HUGE overlooked projects in the midst of the current cryptocurrency boom. I was rather surprised that the price against BTC have been kept that low up till now.
Counterparty relies on the bitcoin network for security, and implemented as a side-chain. It does not actually compete with bitcoin, but in a way it complements each other.