Peercoin breakout + increasing engagement

9 Nis 2017

PeerCoin is an old cryptocurrency project from August 2012. And it has kept an acceptable overall activity.
They are lately growing: +6000 twitter followers (source), wildly increased mining difficulty (source), and growing in googletrends (source)
They have a fancy website with lots of information. I do recommend you to red their faq to learn the basis about Peercoin.

Technichally, to support a further move upwards in ppcbtc we have:

• Long-term downwards trendline breakout with a succesfull retest and bounce at support.
  
• Bullish weekly MACD.
  
• About to have EMA (13,34) bullish cross for first time ever.
  

Closer look of PPCBTC daily chart with bullish EMA cross (89,144)



PPCUSD is also looking good. There we have:

• Downtrend broken
  
• Broken resistance and succesfull retest
  
• Bullish weekly macd
  
• Bullish EMA (21,55) for first time
  

Closer look in daily ppcusd chart



So this is a potentially super-profitable buy.

I have bought 6600 and have several buy orders down to 5700.

My targets are signaled in the chart (actual sell orders under the lines) and my SL would be under 5000.

Manage your risks properly and do not expose yourself to a highly volatile market as this more than you can afford. Going all-in into a trade should never be an option.

I added in related ideas similar setups that i've traded with high success.

23 Nis 2017

Not

Current base price 6250.
Still have bids at 5800 and 5700.
This is being slower than expected, but it still could work out. Let's see what happens next few weeks.

25 Nis 2017

Not

Shorter term triangle consolidation. Let's see in what direction it does break.

26 Nis 2017

Not

Target 1 reached.

4 May 2017

Not

Target 2 reached.
An other great trade.
+170% profit against usd.

27 May 2017

İşlem elle kapatılmış

Closed that last 10% that was waiting for target 3 which was never reached and converted to usd.
Summary of this trade is a 70% net profit against btc, and an even bigger profit against usd.