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Counterparty Jump Shot FLDC Overlay - Long Trade

POLONIEX:XCPBTC   Counterparty / Bitcoin
This is a Counterparty all-time chart with Foldingcoin and Bitcoin             overlaid for comparison. Foldingcoin is based on the Counterparty blockchain and you can see that there is significant correlation between the two, with FLDC outperforming XCP             considerably as measured by percent change. Both of these assets are young, show promise, and have a multiplicity of potential uses in the financial sector, for large national central banks, hedge funds, investment banks, etc. The repeated formation of higher highs strongly suggests rises in price, and ideally we are looking for that BIG pop that breaks past multiple highs in one run, but this is not at all guaranteed to occur. That possibility makes this a speculative and RISKY but attractive long-term long-trade. Therefore I recommend placing a small amount of capital into this trade that you are prepared to lose completely should price continue to plummet and leave you underwater. This type of trade requires lots of patience and a high risk tolerance. It also requires that you be watching the market as frequently as possible, because if and when we get that fat pop, it's likely to be very fast and you need to be prepared to take profits without hesitation. Circulating supply is a meager 2.6 million and the protocol features a "deflationary design," which means that the value of the Counterparty token is likely to go UP as coins are removed from the supply. Happy Hunting Everyone.

P.S. To learn more about Counterparty Technology, use this link: https://en.wikipedia.org/wiki/Counterparty_(technology)
Bình luận: Take off hath commenced
what can be the target for XCP from here
Phản hồi
Piptocurrency abhishekgarg05
@abhishekgarg05, Thanks for your comment. I will answer your question with another question before I give my own opinion. How much risk are you willing to tolerate and how long are you willing to wait? If you see my later XCP chart, I believe it has several ideas for actual targets. Let that question and those targets guide you as a reference.
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