Counterparty [XCP] - The exponential late bloomer
Good evening dear followers,
Tonight I provide you my favourite investment for the coming week(s), namely; Counterparty [XCP]. With the growth of the whole altcoin scene it is inevitable to predict growth in specific altcoins, though I still try to stay rational and seek for undervalued beauties. In this case we stumble upon Counterparty. As to be seen in the chart, the longterm wedge is being broken (purposely drawing the line through unnecessary wicks/daily (shakeout) closes due to irrational market behaviour. XCP has not gotten off the ground yet, and is mainly awaiting to be fuelled by positive news that is occurring at the 22nd of May. On this day, Counterparty will execute a hardfork which will add several features including a massive transaction cost reduction throughout the chain. On a further note, SEGWIT seems to being added in the near future. Bear in mind that these two fundamental news, will form te foundation of Counterparties' extreme incoming hype, which will result in massive volume increase as well as a surge in prices. First target is the first fib target, from there retrace before the next legs up will occur.
I hope to have informed you properly enough, may you have any questions feel free to drop them in the box below.
Trade cautiously and may the profits be with you.
Kind regards,
Gabriel Molenkamp
Appendix
[1] counterparty.io/news/counterparty-lib-9-55-2/
Tonight I provide you my favourite investment for the coming week(s), namely; Counterparty [XCP]. With the growth of the whole altcoin scene it is inevitable to predict growth in specific altcoins, though I still try to stay rational and seek for undervalued beauties. In this case we stumble upon Counterparty. As to be seen in the chart, the longterm wedge is being broken (purposely drawing the line through unnecessary wicks/daily (shakeout) closes due to irrational market behaviour. XCP has not gotten off the ground yet, and is mainly awaiting to be fuelled by positive news that is occurring at the 22nd of May. On this day, Counterparty will execute a hardfork which will add several features including a massive transaction cost reduction throughout the chain. On a further note, SEGWIT seems to being added in the near future. Bear in mind that these two fundamental news, will form te foundation of Counterparties' extreme incoming hype, which will result in massive volume increase as well as a surge in prices. First target is the first fib target, from there retrace before the next legs up will occur.
I hope to have informed you properly enough, may you have any questions feel free to drop them in the box below.
Trade cautiously and may the profits be with you.
Kind regards,
Gabriel Molenkamp
Appendix
[1] counterparty.io/news/counterparty-lib-9-55-2/
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