Someone said maid is doom etc, fud... probably true. anyway doesnt look too bad, but it has to start moving up too. The sell walls on polo look to be a lot compared to the buy order book. Time will tell, I bought around 11x00 (must have had an order set cause thats why i made this chart, to tell myself if i should dump it here or wait), and Ill try not to sell...
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.
Currently just over 1000 sats. From the downward line from all last spike tops we are now on the right of it. recent double bottom has help and RSI is up. Above 1100 i see a top of ~1500 or a spike up higher. Under 950 ill start getting nervous. Also the retrace from the last top has us around the .236, a popular OTE for longs with a possible retrace up.
A note to myself to have an idea of future price action. Im hoping this is a 2012 type rise where we follow though with a long strong rise to new ATHs, only time will tell. I am currently in some BTC, alot of ppc, ltc, some Decred and a small % of other alts.
Just doing some observations from a previous bubble. Some think this may be the start of the simialr 2 year old nov 2013 bubble, but we shall see. I just halved the time, it may be double the %s or it may not follow this pattern at all.
No news on the horizon with Doge
Large symmetrical triangle broke down, its easier to see on bitcoinwisdom but this is a log for me to look back to. Currently supporting around 38-40 satoshis. Noticing some action around this level on cryptsy and poloniex, and Im "hoping" for a bounce on this last fib level, Id like to see this go up, and break up on the...
decided to take a min tonight to just plot some lines on the chart. I have mostly crypto now and almost no fiat, just a feeling we may go up. If the USD dollar doesnt decide to cool down I will go back to USD. Or do some charts with BTC vs Alts to see what to hold if I dont go usd.