Today's post is about PINKCOIN (PINK/BTC)
This is a very volatile coin that aggresive traders might find interesting.

What is PinkCoin ?

Pinkcoin is a unique digital currency inspired by the pursuit of philanthropy and pareto-optimal game theory.

Pinkcoin offers a secure and trustless network to disrupt the non-transparent charity model. On our network, help yourself by helping others; earn money while holding Pinkcoin and simultaneously be a champion of charity. Our newly upgraded Pinkcoin blockchain is a hybrid model incentivizing users to secure the network by either mining via traditional Proof-of-Work (PoW) or by participating in an innovative and gamified Proof-of-Stake (PoS) design. Flash-stake (FPoS) and side-stake blockchain technologies encourage PINK holders to earn stake rewards while concurrently sharing their wealth. Users are further motivated to stake and share due to Donate 4 Life (D4L), a system designed to reward participants for helping others.

If you're interested, check more about PINKCOIN at https://getstarted.with.pink/

To be honest, I've never heard of this coin before but I'll make a technical analysis on it due to @idcinc request!

Technical Analysis on PINK/BTC

Major pattern spotted: symmetrical triangle

Bear hammers everywhere!

Check out the trends and the major movements going on in PINK/BTC

Look at that volatility!

Fibonacci Ratio analysis: Fibonacci Retracements of the last major bear impulse

Shorter time frame chart: Let's zoom in!

PINKCOIN (PINK/BTC) : CONCLUTIONS

This is not the type of coin I would be investing or even trading.
As much as volatility is great for making money in the financial markets, PinkCoin moves to much for me.
Rally's of +2500% in barely 3 weeks are great... but then -70% of total value in just 4 days.

That means two things: is very easy to get trapped for months or even years and... is also very hard to take profits near the top.

The safer way to trade this coin is to wait till breakout of the symmetrical triangle occurs.