Possibly the next coin at Poloniex to get a pump?

in bitusd •  8 years ago 

I've been trading alt coins for a long time, I've been looking at trading pairs the last 2 weeks at Poloniex.

Recently we've seen ETH going up and down in price AND volume, and it is my honest opinion that when ETH VOLUME is down, the price drops and that VOLUME goes out to Alt-coin pumps at the exchange (and others probably too)

Last week I picked 5 coins I thought looked "ripe" for a well directed pump, and sure enough I made some good profit on those coins when they did in fact pump (I put in average 0.1 BTC in buys and sold for average 0.3 per coin, making 0.2 BTC profit on each on (average, some less some more).

I was just looking at BITUSD/BTC trading pair at Poloniex (https://poloniex.com/exchange#btc_bitusd) and it looks, at least to me, like it could be ripe for a PnD if, or rather when ETH volume drops again...currently BITUSD sitting at around 0.00165 per coin, but there is very little/virtually no resistance in the sell order books, meaning it could go up x10 with as little as 15 Bitcoin in direct buys from the market books, with the recent trading, we've seen pumps with many hundreds and sometimes thousands of Bitcoin in volume.

I'd like to get some opinions on this, so please feel free to post your thoughts / comments.

bitusd at poloniex possibly ripe for a pump
8 years ago by

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      ·  8 years ago 

    I have a feeling that eventually Poloniex will get its crap together and add Nexus. When it does this will increase volume and price significantly.

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        ·  8 years ago 

      The numbers and research make sense.

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          ·  8 years ago 

        might be the right direction

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            ·  7 years ago 

          Solid blog. Interesting to see I'm not the only one that is thinking about this. Buy low, sell high, it seems so simple but most investors still don't seem to get it :-) Besides coinmarketcap.com there is: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto.

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