BlackCoin (BLK) Overview
Think of it like a peoples bank. Your accounts cant be frozen, it is completely and always free, it is anonymous, much more secure than traditional banking and payments can be sent to anyone in the world within seconds.
Anyone can create an account just by downloading the software. This bank has no owners and cannot be shut down. Because it is peer to peer, it is completely transparent. There is a limited supply of coins making it valuable and a great store of wealth like gold. New coins can only be generated by the networks 1% rewards.
So welcome to the future of currency!
Safe, fast, secure, anonymous, exciting and most of all fun!
BlackCoin (BLKBTC) Chart Analysis
BlackCoin has been around since 2014. We will take a look at it long-term and go for a trade... Here is the chart:
- One of the oldest altcoins on Bittrex, BLKBTC hit a new low just last week on the 16th of July.
- We can see long-term bullish divergence on the MACD, since December 2017.
- Profits potential from the current price (0.00000512) to ATH (0.00095000) is about 18,400%... but we will aim lower.
- Let's take a closer look so that we can spot some of the bullish chart signals...
BlackCoin (BLKBTC) Daily Chart:
- Here we start with the falling wedge, green dotted lines. Moving down with great momentum.
- Then we can spot a double bottom, 12th, and 16th of July both hit a low at 403 and 402 satoshis.
- Followed by strong bullish divergence on the MACD.
- And more recent bullish divergence on the MACD and RSI. These are marked with purple arrows.
- After the low was hit the bounce produced a high volume bar, which is bullish, followed by a break above EMA10.
- With all these signals we have more than enough to start to trade...
- Let's get started!
BlackCoin PREMIUM Trade by Alan Masters
Buy-in: 0.00000480 - 0.00000530
Next support: 0.00000410 - 0.00000460
(1) 0.00000600 |Hit 5-Aug. (+17%)
(2) 0.00000725 |Hit 12-Oct. (+42%)
(3) 0.00000810 |Hit 12-Oct. (+58%)
(4) 0.00000925 |Hit 12-Oct. (+85%)
Additional targets available on the long-term chart.
Profits potential: 409% - 4630%
(Buy-in calculated at 0.00000512)
Stop-loss: Close weekly below 0.00000350.
Capital allocation: <5%.
What is the key to success when aiming for long-term growth?
Long-term commitment, consistency, dedication and love.