Pivx / Bitcoin
Long
Updated

PIVX buy on 2 part bull div after 85% pullback from ATH

2 part bull div on daily RSI shows us a buy opportunity on PIVX. PIVX is a good alt-coin, way down from ath just like the others. Several altcoins have set up like this right now so there are other buying opportunity on the crypto space.

Unlike other coins, PIVX has good fundementals: a devteam still making releases and active on github, and a good use case: PIVX fixes fungibility problems that bitcoin has. It is basically a competitor to XMR (Monero). XMR is one of the main altcoins and the only altcoin aside from BTC that is used regularly for real transactions because it is popular on the dark net markets. The dark net market is fickle and could easily switch to PIVX when the clear benefits of PIVX are seen.
Trade active
Entry @ 0.0002708
Note
that daily close looks not so great. that wick
Note
We made the lower low against december of 2017. Going to hold onto this long for now though because 2 part bull div on daily MACD. snapshot
Note
downward momentum continues to slow as we get another bull div on pivx daily rsi and 3 part bull div forming on pivx daily macd snapshot
Note
this losing position is still open because no stop loss was set

Disclaimer