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Poloniex

Bitmark (BTM) is a great buy @ 0.00045I've been following Bitmark (BTM) for awhile now, it's a project that really interests me. BTM is one of the smallest coins currently traded on poloniex. With a market cap of $3.6 million it's currently ranked #159 on coinmarketcap.com. From a technical analysis point of view, I see a picture perfect cup and handle formation on the 1 day chart - which is a very similar pattern to what I saw in VIA a few months ago which lead me to a recommendation BUY on VIA back in March. In my opinion we have a breakout following a cup and handle on increase volume and at this point I believe it's possible to not only test the previous 6 month high of .00052 but potentially test the 1-year high in the .0008-.0009 range. For those who aren't familiar BTM is a project that is centered around "marking" or providing reputation points to people on top of their blockchain. The marking system is best known on poloniex, which is where you can send users /marks as a way to add to their reputation. The higher their reputation, the brighter color pink they are within the trollbox. One of the reasons I really like BTM is because knowing it's used within the poloniex system, I can't imagine they would ever delist the coin as they seem to do every 3-4 months with the smallest, lowest traded volume coins. I'm not saying BTM is immune to the risk, but anytime we talk about a low volume coin you do have to weight that concern into the risk. BTM also is working on what is best called a digital "passport" which is a ID tool that carries your reputation score from site to site, similar to how you can have feedback on ebay or even poloniex for that matter. I really like the idea behind this tech, although it's a ways away from being implemented. Looking ahead, BTM is a few weeks away from their bi-annual conference to discuss the upcoming roadmap. BTM is developed on a volunteer basis and the developers conjure (if that's the right word) every 6 months to discuss future development. The last time the development team got together we were not even beginning this INSANE bull run that we've had in the altcoin market. Fast forward to May of 2017 and it seems every week another group of coins are doing a 1,000%+ return. By no means am I predicting a 1,000% return on BTM but what I am saying is that I do believe the market is going to react very strongly to the newly updated roadmap that should be coming out sometime in June. With that being said - I am buying today and planning to hold at a minimum until the new roadmap is released in June.
BLong
by DogGuy
DCR long opportunity, another leg up after consolidation?Hey folks, has been a while since I last posted an idea. Really missed the charting and trading, but I had to take a step back and analyse why I made so many mistakes and expensive FOMO trades. So here I am again, this time with DCRBTC . It already had quite a run and has been consolidating for a while, looks like we are ready for another leg up. A big triangle has formed and we have found great support at the 0.618 retracement level. There are two ways to enter the trade: a) play safe and wait for the triangle breakout (buy @ 0.01146) or b) be more aggressive and buy once price bounces of the 0.618 support level or that green trend line (in the area of 0.0086). Possible targets are: 0.02170 and if we make it past that 0.02887. Thus far for the technical viewpoint. With so many useless shitcoins that have hugely inflated market caps out there (yea I'm looking at you, DASH) it makes sense to check out the fundamentals behind a potential trade, especially if you're looking at it from a longterm investment perspective. Decred has a nice and shiny homepage with great visuals, thats quite important imo. It's not enough to only have a great product, you need to know how to sell it and who wants to buy into something that looks like shit. As for the technical details, DCR runs a PoW and PoS hybrid consensus mechanism, which aims to spread the power over the protocol across miners and users. The recent BTC blocksize scaling debate highlights how important it is to have a balanced system of governance over the chain. DCR looks strong and has big potential on that front. Checking out the 2017 roadmap (blog.decred.org), you'll find a few other things that sound great: integration of systems for hard fork voting and a public change proposals lightning network support better cross-platform GUI wallets more public presence at events lightning network support enhanced privacy features implementing payment support by approaching merchants and vendors If you're more like a short attention span type, here's DCR in short presented by a very good looking young lady ;) www.youtube.com
Long
by ntron
9
PPC - Poloniex : Maybe We can Get More?Here is my thoughts on PPC : From early days, like many other cryptocurrencies, PPC went into a down trend in long time. BUT Recently we see many coins rising up from death, like ZEC and few others. Also, the long term trend line is still not touched by the last wave, so, there is a possibility that PPC rise up from the current price (near the support line) up to meet that trend line. After that, there can be two futures for it. 1- Like ZEC and few other coins, it revives itself and goes above that bearish long time trend line 2- It reverse toward bearish market on that trend line, if this case happens, there is a chance that PPC may become dead in future like many many coins that came and gone ! I personally hope developers on PPC and LTC think about something to revive their situation on the market.
PLong
by CAB_Member
LTC is dying little by little?Here is what I see in Lite coin, although there was a news about segwite being activated on it few days ago, I see a down trend on it from day one up to this day, it may not look that important, but the trend line was drawn between the first two pumps, and this last pump? It obeys from the trend line completely. What I see is this, either LTC will change something in near future fundamentally, maybe more active developments and better news handling, or, just activation of segwite on it won't help it survive in few years (maybe less than two years)
Short
by CAB_Member
1
GRC - Poloniex : Opportunity for fast big cashPersonally, when I see a pump on a crypto currency, I tend to not look back at it for future days until it finishes all it's moves and comes back to earth. BUT This time around, it looks like GRC is making another big move, there are two possibilities here : 1- either it is going to retrace back to 61% fib 2- or it will break above 61%, in this case, the next targets will be 100% and 161% The thing is that, in it's history, GRC had a very huge pump around 9th of 2016. in other words, even if it meets 161% it's still way bellow that all time high price. So, saying that it can hit 161% is not an exaggeration. even at 61% there is a huge gain in this trade. Don't loose the opportunity.
GLong
by CAB_Member
8
ZCash - Poloniex : Time to rise UpZCash was one of those crypto currencies that went bearish from day one. Just recently, it stopped it's bearish movement and went side ways with a nice stable movement. As you can see in the chart, it is making a triangle in daily chart and had contacts with the top edge for two times. Now, the next time it touches the top edge, there is a big chance it will break up and move toward it's next target (either 100% or 161% on fibo) Looks like the time for buying ZCash has arrived and the market will rise toward that target soon. Don't let it's small bearish movement for last few days fool you.
by CAB_Member
16