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Counterparty

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.
XLong
by KingCrixus
1
XCP/BTC Long Trade is OvercrowdedCounterparty (XCP) is one of the older cryptos that has been around since 2014 and it has survived through many market cycles. The prevailing notion is that XCP is at long-term years long support and should go up from here. However XCP has struggled to rally from these "guaranteed bottoms" and faces significant resistance above current levels. I see a possible drop down to 0.00085 (January 2016 lows) similar to support breaks like MTL and XRP recently. I do have a bag with a stop at 0.00098
XShort
by gumbyguy
6
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.
XLong
by CryptoPAMM
2
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.
XLong
by CryptoPAMM
3
Counterparty VS Bitcion Reversal AttemptCounterparty seem to have found the bottom at BTC 0.00133, as after bouncing off that level price started to produce higher highs and higher lows. The break above the downtrend trendline as well as 50 Moving Average suggests that it could be an attempt to revers the trend to the upside. The uptrend trendline is being rejected and today XCP/BTC broke, and currently trading above the 50 Moving Average once again. Nevertheless, before confirming the uptrend, Counterparty must break all the upcoming resistance levels.  First is at 88.6% Fibonacci retracement level at BTC 0.00186, which has been previously broken from above. Second resistance has been already formed on 3rd of March as is based at BTC 0.00214. And final resistance is at 76.4% Fibonacci, that is BTC 0.00255. Daily break and close above the final resistance should confirm trend reversal, but before that, any upwards move should be considered as a correction. On a downside, break and close below the uptrend trendline should invalidate short term bullish outlook and extend the consolidation, potentially sending XCP/BTC down to psychological support at BTC 0.001
XLong
by CryptoPAMM
4
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.
XLong
by The_202_Quants
5