create account

[SXP/USD] - Swipe, another Long-term pick by empoderat

View this thread on: hive.blogpeakd.comecency.com
· @empoderat · (edited)
$2.48
[SXP/USD] - Swipe, another Long-term pick
Last week my patience ran out of existences and finally decided to 'dump' my intention about getting a Crypto.com card. And ordered a Swipe one!

My card delivery got delayed for a few (boring!) reasons which I'm not in mood to talk about...

Plus Crypto.com annoyed me quite a bit with the almost '*scam-ish*' MCO>CRO swap since I would never buy such overpriced coin and the only thing that I liked about MCO was their low supply of ~15M (and obviously the card perks).

Long story short, got very tired of CDC, purchased some SXP and ordered a Swipe card.

![image.png](https://images.hive.blog/DQmPA1UtXhAj2jHuDiYYbQ1gFkKojXr27wyecqoDz5PbgU1/image.png)

And knowing that I'll be a 'long-term holder' of SXP (my lockup period ends in May), what a better time than now to make a bit of charting. (I bought at ~1$/SXP so I'm a bit down in this position).

![sxp.png](https://images.hive.blog/DQmWVP9Hz2GDYyShh87xoYPf8VsAXpyknbQsP3VrS42r5qo/sxp.png)

At first sight, we can see that SXP experienced a monstrous bull run which started in early July being valued at roughly  0,5$ which ended ~45 days later when SXP reached their top at +4,5$/SXP.

Has been correcting ever since with 2 clear phases of the bull trend:

1) 'Bull trap-FOMO phase' where late buyers were FOMO'ing being victims of their greedyness.

2) 'Taking profits-downtrend phase' which clearly we can define with a diagonal trendline.

![Screenshot_1.png](https://images.hive.blog/DQmPng4k6kaAw9s5au4ejT9RLMWbwK2dv3dajQH1roEgM49/Screenshot_1.png)

#### My position:

At the end of the downtrend line, we can see the typical breakout happening. This is where we 'should' wait for a retest of the previous downtrend as reversal confirmation. It still has room to keep falling.

![breakout.png](https://images.hive.blog/DQmTQdNzwihbs9tzEjqxrirDrUEQUXchC5hhtdph59DnuUK/breakout.png)

This obviously changes from trader to trader. In my case, I prefer to be a bit early rather than late, and not always wait for a confirmation to enter a trade (this obviously have advantages and disadvantages).

I entered at this daily candle, a couple of days after the breakout from the diagonal trendline. (You can see the red circle in all the above images btw).

![imin.png](https://images.hive.blog/DQmU9ZcYE3WtKsGfjaSVfVWAyPKEGkaDkzrZogwKvwgtubs/imin.png)

#### What I said about MACD?

If you're used to reading posts of mine, maybe you remember this [post](https://leofinance.io/hive-167922/@empoderat/the-power-of-the-macd-indicator-in-long-term-timeframes) from a while ago where I explain why I like to trade setups taking in consideration the MACD indicator.

This case isn't an exception.

![3D.png](https://images.hive.blog/DQmbCiiko2fEsH15anUsSkxWhvWiTTHJvG174axA3AnsraT/3D.png)

3D MACD timeframe benefiting my long setup? Yes, please.

Anyway it will be a long hold and I pretend to take maximum profit of my cashback rewards, so I won't be selling at least until half a year later.

I'll keep you updated on this one. As always, DYOR before purchasing a coin for fundamental reasons and watch out. Crypto is the wild west.

Have a great weekend!

![leofinance divider.png](https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/leofinance%20divider.png)

You can follow me on [Twitter](https://twitter.com/elempoderat)

![minatobtc.png](https://images.hive.blog/DQma9iiCDSAp5QNxi3P2Z7jWHartUptsojfxjxdQYWsh6m8/minatobtc.png)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@empoderat/sxp-usd-swipe-another-long-term-pick)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 129 others
properties (23)
authorempoderat
permlinksxp-usd-swipe-another-long-term-pick
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","swipe","cryptocom","leo","trading","defi","leofinance"],"links":["https://leofinance.io/hive-167922/@empoderat/the-power-of-the-macd-indicator-in-long-term-timeframes","https://twitter.com/elempoderat","https://leofinance.io/hive-167922/@empoderat/sxp-usd-swipe-another-long-term-pick"],"image":["https://images.hive.blog/DQmPA1UtXhAj2jHuDiYYbQ1gFkKojXr27wyecqoDz5PbgU1/image.png","https://images.hive.blog/DQmWVP9Hz2GDYyShh87xoYPf8VsAXpyknbQsP3VrS42r5qo/sxp.png","https://images.hive.blog/DQmPng4k6kaAw9s5au4ejT9RLMWbwK2dv3dajQH1roEgM49/Screenshot_1.png","https://images.hive.blog/DQmTQdNzwihbs9tzEjqxrirDrUEQUXchC5hhtdph59DnuUK/breakout.png","https://images.hive.blog/DQmU9ZcYE3WtKsGfjaSVfVWAyPKEGkaDkzrZogwKvwgtubs/imin.png","https://images.hive.blog/DQmbCiiko2fEsH15anUsSkxWhvWiTTHJvG174axA3AnsraT/3D.png","https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/leofinance%20divider.png","https://images.hive.blog/DQma9iiCDSAp5QNxi3P2Z7jWHartUptsojfxjxdQYWsh6m8/minatobtc.png"]}
created2020-11-14 14:36:45
last_update2020-11-14 17:02:21
depth0
children17
last_payout2020-11-21 14:36:45
cashout_time1969-12-31 23:59:59
total_payout_value1.296 HBD
curator_payout_value1.182 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,535
author_reputation263,015,441,367,167
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,525,618
net_rshares12,983,539,029,011
author_curate_reward""
vote details (193)
@acesontop ·
Where can you use the Swipe card and what cryptos can you store?
By the way, what do you think of REQ?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@acesontop/re-empoderat-79rkv)
properties (22)
authoracesontop
permlinkre-empoderat-79rkv
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]}
created2020-11-14 14:44:06
last_update2020-11-14 14:44:06
depth1
children4
last_payout2020-11-21 14:44:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length210
author_reputation1,977,097,452,958,743
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,525,810
net_rshares0
@empoderat ·
Lol, everywhere they accept a VISA! 

You can store a good number of coins, but IMHO the main usecase is to 'make easy' spend crypto.

Plus. Cashbacks are in BTC.

REQ or REKT? Nah, seriously. No idea and no opinion about this project yet. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@empoderat/re-acesontop-2hsjbc)
properties (22)
authorempoderat
permlinkre-acesontop-2hsjbc
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]}
created2020-11-14 18:59:24
last_update2020-11-14 18:59:24
depth2
children3
last_payout2020-11-21 18:59:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length349
author_reputation263,015,441,367,167
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,529,805
net_rshares0
@acesontop ·
From what I know crypto.com was not supported in Romania, or they weren't delivering it, and that's why I asked.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@acesontop/re-empoderat-5omgmj)
properties (22)
authoracesontop
permlinkre-empoderat-5omgmj
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]}
created2020-11-14 19:03:00
last_update2020-11-14 19:03:00
depth3
children2
last_payout2020-11-21 19:03:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length221
author_reputation1,977,097,452,958,743
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,529,849
net_rshares0
@behiver ·
Great analysis and I am also looking at a crypto card. I see one available on Binance and wanted to ask if you maybe now what is the difference with Swipe and which brings more benefits.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@behiver/re-empoderat-5snfcr)
properties (22)
authorbehiver
permlinkre-empoderat-5snfcr
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]}
created2020-11-14 15:58:51
last_update2020-11-14 15:58:51
depth1
children1
last_payout2020-11-21 15:58:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length293
author_reputation570,656,489,033,584
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,526,886
net_rshares0
@empoderat · (edited)
Swipe is owned by binance and the cards will be integrated into the binance interface soon or later (no rush I guess).

The features are slightly different, why not both? (both have free versions which can be upgraded later).

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@empoderat/re-behiver-3qzp8q)
properties (22)
authorempoderat
permlinkre-behiver-3qzp8q
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"links":["https://leofinance.io/hive-167922/@empoderat/re-behiver-3qzp8q"]}
created2020-11-14 19:04:03
last_update2020-11-14 19:04:33
depth2
children0
last_payout2020-11-21 19:04:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length332
author_reputation263,015,441,367,167
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,529,861
net_rshares0
@belemo ·
Swipe popped up in my binance wallet. I don't remember buying it or ever trading it. Probably an airdrop thingy. 

Seeing this post might be a sign to buy a few for the long term too. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@belemo/re-empoderat-6rgtvm)
👍  
properties (23)
authorbelemo
permlinkre-empoderat-6rgtvm
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]}
created2020-11-15 06:07:30
last_update2020-11-15 06:07:30
depth1
children2
last_payout2020-11-22 06:07:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length290
author_reputation1,058,320,263,527,692
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,535,826
net_rshares70,816,484,741
author_curate_reward""
vote details (1)
@empoderat ·
SXP was distributed to BNB holders in a multi-week plan. Probably that's the reason :)

Swipe is now owned by binance, so makes sense from their standpoint to empower the usage of their own products.

Cheers belemo!



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@empoderat/re-belemo-6pjpfx)
properties (22)
authorempoderat
permlinkre-belemo-6pjpfx
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]}
created2020-11-15 10:41:33
last_update2020-11-15 10:41:33
depth2
children1
last_payout2020-11-22 10:41:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length323
author_reputation263,015,441,367,167
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,537,679
net_rshares0
@belemo ·
Ohhh thanks mate

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@belemo/re-empoderat-2qrsff)
properties (22)
authorbelemo
permlinkre-empoderat-2qrsff
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]}
created2020-11-16 03:40:00
last_update2020-11-16 03:40:00
depth3
children0
last_payout2020-11-23 03:40:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length122
author_reputation1,058,320,263,527,692
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,550,445
net_rshares0
@erarium ·
A good reversal and a precise entry after the break of that downward trend line. It would be interesting to join forces in some analysis of certain currencies. By the way the MACD is one of my favorite indicators too.


***Curation and Education Project for LeoFinance***https://steemitimages.com/35x35/https://media.discordapp.net/attachments/601262083044147202/716137797840404572/leo_icon_black_background.png?width=288&height=288
***@erarium*** 



<div class="text-justify">

<center>
             
``This post has been voted on by Erarium's Curation Team Our goal is to reward financial content within the Spanish and English community for LeoFinance. We have liked the content you have expressed in this article and we would like to invite you to continue developing material of this type, and to use the #Leofinance tag in order to make the community grow``.

---

We invite you to join the LeoFinance [Discord](https://discord.gg/pHy5e6g) so that we can interact and continue to grow.</code></p>

</center>

<center>

https://steemitimages.com/200x200/https://i.postimg.cc/8CwzSKPq/Erarium-nuevo-logo-transparente.png

<center>

Erarium [Discord](https://discord.gg/qe4mf96)

</center>


</center>


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@erarium/re-empoderat-4pbwyg)
👍  
properties (23)
authorerarium
permlinkre-empoderat-4pbwyg
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"links":["https://discord.gg/pHy5e6g","https://discord.gg/qe4mf96"],"image":["https://steemitimages.com/35x35/https://media.discordapp.net/attachments/601262083044147202/716137797840404572/leo_icon_black_background.png?width=288&amp;height=288","https://steemitimages.com/200x200/https://i.postimg.cc/8CwzSKPq/Erarium-nuevo-logo-transparente.png"]}
created2020-11-15 02:15:03
last_update2020-11-15 02:15:03
depth1
children0
last_payout2020-11-22 02:15:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,313
author_reputation60,584,876,207,425
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,534,436
net_rshares88,691,112,463
author_curate_reward""
vote details (1)
@josediccus ·
What's the difference between the crypto.com card and the swipe one? I was thinking maybe getting a swipe one is easier. I've stopped using Crypto.com by the way, they're always pushing or tempting users to buy those overpriced coins in other to get some free money.

As for SXP the run was really monstrous like you mentioned but then what were the late buyers really expecting? Lol greed can be really misleading hahaha

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@josediccus/re-empoderat-5f7atf)
properties (22)
authorjosediccus
permlinkre-empoderat-5f7atf
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]}
created2020-11-14 14:44:45
last_update2020-11-14 14:44:45
depth1
children1
last_payout2020-11-21 14:44:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length531
author_reputation2,601,848,281,396,350
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,525,826
net_rshares0
@empoderat ·
IMO crypto.com card is 'slightly' worse.

More lockup required for the same features,
cashbacks in their coin (rather than BTC, which is the case for swipe).

I think crypto.com abused a bit their users because they were the first ones in their niche, now others like celsius, nexo and ofc swipe are cannibalizing CRO.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@empoderat/re-josediccus-5vl3tj)
properties (22)
authorempoderat
permlinkre-josediccus-5vl3tj
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]}
created2020-11-14 19:01:36
last_update2020-11-14 19:01:36
depth2
children0
last_payout2020-11-21 19:01:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length428
author_reputation263,015,441,367,167
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,529,830
net_rshares0
@mandate ·
How I wish I can learn all these terms and somehow be good in these trading technical languages used
👎  
properties (23)
authormandate
permlinkre-empoderat-20201114t164521432z
categoryhive-167922
json_metadata{"tags":["swipe","cryptocom","leo","trading","defi","leofinance"],"app":"ecency/3.0.3-mobile","format":"markdown+html"}
created2020-11-14 15:45:24
last_update2020-11-14 15:45:24
depth1
children2
last_payout2020-11-21 15:45:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length100
author_reputation123,230,126,296,165
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,526,732
net_rshares0
author_curate_reward""
vote details (1)
@empoderat ·
it's never late to get started. leofinance is a great place to learn about the mater though.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@empoderat/re-mandate-4gxl86)
properties (22)
authorempoderat
permlinkre-mandate-4gxl86
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]}
created2020-11-14 19:02:15
last_update2020-11-14 19:02:15
depth2
children1
last_payout2020-11-21 19:02:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length199
author_reputation263,015,441,367,167
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,529,835
net_rshares0
@mandate ·
That's a great idea to consider
I hope it helps my journey to learn it more
👍  
👎  
properties (23)
authormandate
permlinkre-empoderat-qjswl0
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2020.11.1"}
created2020-11-14 19:24:36
last_update2020-11-14 19:24:36
depth3
children0
last_payout2020-11-21 19:24:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length75
author_reputation123,230,126,296,165
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,530,046
net_rshares88,456,521,079
author_curate_reward""
vote details (2)
@poshbot ·
https://twitter.com/elempoderat/status/1327666309757358080
properties (22)
authorposhbot
permlinkre-sxp-usd-swipe-another-long-term-pick-20201114t173457z
categoryhive-167922
json_metadata"{"app": "beem/0.24.8"}"
created2020-11-14 17:34:57
last_update2020-11-14 17:34:57
depth1
children0
last_payout2020-11-21 17:34:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length58
author_reputation5,554,335,374,496
root_title"[SXP/USD] - Swipe, another Long-term pick"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,528,425
net_rshares0