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
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
Commentaire:
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.