This is a nice period for me to start posting again, as the choppy days are behind us for the time being. The market moves in phases and cycles, and I m pretty sure the one up ahead is an alt coin wave followed by a btc up wave. The alts could then pull back briefly.
Potcoin is an extremely interesting coin due to the upcoming law changes in legalizing marijuana. While I am not a weed smoker :), the trader in me will not miss out on such an obvious opportunity.
This is one of the most consistent and technical coin in terms of its trading pattern. It trades in a triangle, goes 2x, gets into a new zone and then restarts the cycle. There are also brief times where it goes 7-8x and pulls back.
Going by the size of the triangle, the dec consolidation was much longer then the preceding one. The energy that potcoin has stored is definitely enough for it to go more than 2x.
So what are we looking at? Anything from 0.80 to 1.60. Considering the crypto sphere boom, this is as conservative as i it goes.