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Po.et (POEBTC) Chart Analysis
Here is how a bottomed out altcoin looks like:
Buying at the bottom is the best thing you can do for any altcoin from which you want to profit massively long term. We are looking at 1200% profits potential to the all-time high. Once this starts to move, a new high can be reached and even more, profits generated, but 10X is more than enough for us. A trade like this to fully develop can take anywhere from a few months to a year plus, for higher targets. Short term targets can be hit in just a few weeks.
We have the MACD moving up and starting to gain momentum.
Volume is yet to show up so this is an early entry that I am giving you here.
The RSI bounced after hitting a low point.
POEBTC is now trading above EMA10 on the weekly time frame, this is a strong signal.
With a small catalyst, this pair can make a nice move.
We buy, hold/wait patiently, and later collect profits on the way up.
Brother Alan, thank you for your efforts and work. Truly inspiring seeing your passion bleed through the charts you show us. I have been closely watching this one too and recently took a position. I think we are much closer to "take off" than you think pending some nice bullish crosses. Many altcoin's have explosive gains and this certainly appears to be one of them. Anyways, G-d bless you for your efforts, and as you often say "Namaste" brother.
AlanSantana
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@ceesounds, Thanks a lot, your message is well received and appreciated...
Namaste. :)
ApresVous
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I think it makes good sense to buy and long-term hold a basket of these small bottomed altcoins. Storage is an issue for me. On the exchange (risky) or in a bunch of different wallets (cumbersome and maybe also risky) ? What do you do ?
AlanSantana
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@ApresVous, I keep mine on Bittrex and Binance. Been using them for years without a problem.
I believe there are some tools out there that can help you pool them all together in one place.
You can also diversify into 3-5 different exchanges.
You have pros and cons, so decide what is best for you. I am happy to keep on the exchanges as long as the amounts are not too big.
If you are doing big amounts, then go through the trouble of getting the different wallets.
I am also using that strategy you mention for long term profits.