USDT -XCP - Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2014 ( 8 / 10 )
Volume 24 H : 3 BTC ( 2 / 10 )
Available Markets* ( 2 / 10 )
Social Media Rate ( 4 / 10 )
Ranks **325 ( 6 / 10 )
Website ( 6 / 10 )
Type Pioneering Peer-to-Peer Finance. RT ≠ endorsement
Overall ( 5 /10 )
Everyone was targeting $100 for XCP! XCP didnt make them down.
However, 90 % people lost money on XCP . WHY?
1 )They didnt know TA
2 ) They didnt know how to take profit
3 ) They were just blindly waiting Lamborghini !
In a bull market, Everyone is genius. They think They know everything.
When the bear market comes, It took everything ! Not just the profit !!!
When I first met with XCP on February 2017 , He was a baby with $2 valuation. No one was expecting anything from him. I was also not optimistic about him until He came $12 . Most of you already know the rest of the story.
What is next? It is close to $2 level right now, It broke the downtrend-line line, After losing 98% value. As long as it is above the support line, We can target the next resistance levels. Otherwise, It will lose 50 % value !
I recently bought a huge bag of XCP with a stop loss. Let's see how it goes!
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
Xcpusd
Time to Counterparty like the bear never existed XCP/BTCThis is a beautiful chart that has shown an ABC Elliot Wave correction. It has a strong support at 60k satoshi since that is the coins ATL (All time low). it also matches very well with the fibbonacci theory of shorting the falling trend (surprisem surprise) It has tested the support once, but had a quick bounce back to 70k-ish levels.
This chart looks like its preparing for the next bull run and the potential on it is pretty good. The volume on is still pretty weak so if someone wants to wait a little bit long before confirmation I can't blame them. The rounded bottom on the 4h and 1d candles looks sick. It's only the matter of time when this coin explodes.
Also one good key to mention is that RSI on weekly is EXTREMELY oversold and the only time it was this oversold was January of 2016 when the coin jumped 700% in the next few months.
Counterparty Rejecting Long-Term TrendlineAt the beginning of April Counterparty rejected the long-term uptrend trendline. The price went up from $10 to $23, after which another corrective wave down followed. At the end of May, Counterparty rejected the long term uptrend trendline once again suggesting yet anther wave up.
The resistance is seen at $31, which is confirmed by two Fibonacci retracement levels. First is 161.8% Fibs applied to the current corrective wave down, where the trendline was rejected. Second Fibs applied from October low, up to the all-time high, and it is 76.4% Fibs.
It seems this is a key resistance level, break of which could confirm a long term uptrend, while the rejection might result in a strong corrective wave down.
The downside risk still remains, but to confirm XCP/USD bearish intentions, price has to break and close below $9.5 level. In this case Counterparty could continue moving lower, or extend the consolidation period.
Counterparty Long Term ViewCounterparty seem to find the bottom near $10 psychological support area. Price has reached the low at $9.63 where it rejected the uptrend trendline. Current price action suggests that the long term uptrend is likely to continue, especially after the 50 Moving Average has been broken on a Daily chart.
There are two resistance levels to watch, first is 76.4% Fibonacci retracement level at $82, second is $130, that is 127.2% Fibs. Counterparty remains one of the most undervalued coins right now and it could potentially have a huge growth this year, especially if it manages to break above the $130 level.
On the downside, while XCP/USD is holding the 50 Moving Average support price is likely to continue moving upwards, but only break and close below $16 support could send it back to $10 support.
XCP is ready to rally, you can mint atleast 100%Hello Friends,
BITTREX:XCPBTC is getting ready to rally.
My points to consider the rally:
1) Falling wedge broken
2) Multiple bottoms have been made ( First sign for rally)
3) Decent volume spikes
4) Recent High was broken and being tested.
So I would wait for one more confirmation that it breaks the resistance at 187 SATS then Buy. I would do trailing sl till my target of
290, 340, 370, 390 SATs.
SL is below the resistance (185 SATs) / the low (130 SATs)
Good luck with your trade.
Time to (Counter) party like its bull again XCP/BTCCounterparty showed a full retace and just entered my buying area for accumulation of this coin. It's looking incredibly oversold and indicators are starting to look positive day by day.
Recent volume spikes are showing me that whales are accumulating and that potential bottom could be found. There are also multiple indicators on the entire market that are showing me how a bottom might be found.
Patience is the key.
Targets:
0.0019
0.0029
0.0039
0.0055
0.0069
XCPUSD daily viewXCPUSD has ended a cycle on 12/02/2018 high at 97.60. Since then, the token has developped a double correction structure through 17/01/2018 low, 23/01/2018 high and we are in the final leg. I called the first cycle of this third leg completed at 02/02/2018 lwo followed by a FLAT that ended at 39,657 high on 16/02/2018. From there, I can see a wave 5 possibly completed at 9.6304 which is at the confluence of equal leg area of cycle from 12/02/2018 and 61.8%-78.4% extension of cycle from 23/01/2018.
The analysis is based on EW theory adapted by the Trader's Corner on daily, 4h and 1h charts.
$xcp return to meanPitchfork of $xcp on the weekly against the dollar
We're currently near the mean of the trend, we 'wicked' to it last week. It'll be interesting to see if we can move to the upper level of the pitchfork of if we'll bounce down.
I think decentralized exchanges and privacy coins will be of particular important to the $crypto market in 2018
Twitter: AzorAhai06
XCP may move upXCP/BTC seems to move up, because it is overstepping its long bear trend.
People love technical trading in crypto currency market.
People are looking at altcoins not at Bitcoin right now.
Counterparty/XCP - XCP/BTC - 23%/150% Dear Friends
Only invest money that you can afford to hold
SK
Comments Are Appreciable
Jazak Allah Khair
Happy Trading
XCP to make a counter move?
This is a nice chart here of XCP/USD. The volume is busy to say the least. Its also worthy to note that Counterparty has OG status and has not participated in this recent mania.
Happy Trading!
XCPBTC Explosive CyclesHere is what I see in XCP.
The past 2 years it has had 5 explosive cycles.
The cycles "pop", go up between 180% and 1400%, and do a full or near full retracement to 1 fib level, sometimes a little between .786 and 1.
The only cycle that saw a retracement deeper than 1 was the first one, which went between 1 and 1.618.
The cycles from start to finish last between 186 days and 270 days.
The average length from the previous cycle hitting the "floor" or completing fib. retracement to 1 to the fib completion or spike is around 90 days.
We've been in the 1 fib level since the beginning of oct, so we can safely say we've spent 37 days and are almost half way through the average length, meaning based off previous action,
we could expect to see bullish movement half-way through or at day 45, within the next 2 weeks.
I would watch out for this, even if you are not buying now, as there is a great opportunity.
I'd set stop losses 10-15% under fib 1 level, and let the trade ride.
Risk:reward is very favorable as it can't really go much more down, but is begging to explode based on past 2-3 years of price action.
$XCP Update #3 | FractionFraction work indicates $XCP might make a big bull run this from this week.
Watch out closely!
XCP Long term tradeXCP/BTC has been consolidated for very long period of time. Having strong fundamental, however it is currently being under-evaluated in my opinion.
Weekly chart shows that long term resistance has been broken out, and after that a retest.
Uptrend may begin from here to next several months. Long term holding maybe good strategy at current situation.
Counterparty is clearly a buy hereOne of the HUGE HUGE overlooked projects in the midst of the current cryptocurrency boom. I was rather surprised that the price against BTC have been kept that low up till now.
Counterparty relies on the bitcoin network for security, and implemented as a side-chain. It does not actually compete with bitcoin, but in a way it complements each other.
Counterparty provides functionality beyond the reach of Bitcoin. For instance, smart contracts, decentralized apps, crowd funding, domains, digital tokens just like Ethereum did.
Transaction cost
A counterparty transaction is really a transaction on bitcoin's network.
For instance: counterpartychain.io
and on blockchain.info: blockchain.info
At the moment transaction cost on Counterparty is significantly higher than Ethereum given that you are actually writing on the bitcoin network given the congestion.
However, that could be fully solved with the upcoming Lightning network that will be implemented on bitcoin. It is not a question technically.
Such a feature in Counterparty are still currently under development.
Mass adoption
I believe that connecting all blockchains is the final step of mass adoption in cryptocurrencies, and Bitcoin is well positioned to be the center of such a protocol of the future.
Remember the days before the invention of TCP/IP protocol where the 'internet' is only limited to a certain area/geography?
The real power is unleashed when a common protocol is used, that enable connection from many local network and intranets that becomes the global network we are used to today.
Price
In the long run, Counterparty is really the next closest competitor to Ethereum.
With the horizon of 1~5 years, I believe Counterparty could easily 10x~50x its current 40 million USD valuation given the fact that its supply is only a measly 2.4 million.
Technically?
Dont you love that nice bottom at 0.003~0.005 for the past 3 years? :)
----------
Cite
Why connecting all the Blockchains is the final step for mass adoption of Cryptocurrencies:
bravenewcoin.com