DCRBTC trade ideas
Decred will run 20.13% than BTC during February and March 2020We can see the following uptrend flag for Decred. Chart shows the next resistance is at the green line drew at 0.00288btc.
Decred will run 20.13% than BTC during February and March
Decred/BTC ratio, ready for decent spikeThis was request from a friend, so decided to update here
Overall we appear to be posed for a decent hike, the correction has reached bottom of channel which also happened to be 0.618Fib of overall correction, a usual turning point for correction
Bullish Bias: A large ABC correction is already done where A:C = 1:1 (Note the C?), ending near 0.618 and channel bottom. We are the beginning of new impulsive wave. We need to reach the channel top (T2) and breakout eventually to confirm that
Bearish Bias: We have another downward leg (5th wave) to playout for the (c) wave. The current move is part of the 4th wave, which is expected o go to 05Fib or 0.618Fib because wave2 was shallow. This is also the median line of the red channel
Either Bull or Bear LT, I expect a move up to the median line/0.618 - T1
[DCRBTC](246%) Decred PREMIUM TradeDecred (DCR) Overview
Decred (DCR) is an open-source, Bitcoin fork that places emphasis on development funding, on-chain governance, and consensus mechanisms.
Launched in Feb 2016 by the Bitcoin developers behind btcsuite (an alternative full-node Bitcoin implementation written in Go (golang), Decred successfully orchestrated an on-chain user-activated consensus vote, which is emblematic of the project's emphasis on community-driven stakeholder governance. Other features of the project include a hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system, a public proposal platform, smart contracts, cross-chain atomic swaps, and cross-platform wallets.
Decred (DCRBTC) Chart Analysis
We are going to start with the weekly chart for Decred, take a look at a few of the signals and then move on to the daily...
Weekly:
The purple arrow on the chart represents the bullish divergence between DCRBTC price action and the MACD indicator. We see the prices moving lower while the MACD is moving higher (the MACD is the blue line on the first indicator).
The RSI hit an extremely low and recently had a strong bounce. Still weak but moving up. I consider 30 as oversold/weak on the weekly timeframe. So a very weak RSI after the strong divergence as seen above can be a buy signal.
The MACD histogram is also starting to turn green.
We have a full green candlestick this week. A weekly close is needed for confirmation.
The volume profile indicator is showing that the momentum is towards the upside.
Over 230% of profits potential based on Fib. targets.
Now let's take a look at the daily timeframe chart for DCRBTC:
Here we have a broken downtrend line (red dotted).
We can see big volume and EMA50 rejecting the growth. That's the level to break for DCRBTC to move higher (so you see a green arrow above it).
There is a bullish divergence with the MACD.
The RSI hit ~18 recently, very low, and is now strong/bullish above 50.
DCRBTC is trading above EMA10 (green line) which tells us that it has bullish potential.
Let's get to the numbers.
Decred (DCRBTC) PREMIUM Trade
Buy-in: 0.001700 - 0.001950
Next support: 0.001550
Targets:
1) 0.002240 |Hit 3-Nov. (+18%)
2) 0.002440 |Hit 3-Nov. (+29%)
3) 0.002700 |Hit 11-Nov. (+43%)
4) 0.003050 | Hit 16-Nov. (+60%)
5) 0.003440
6) 0.004220
7) 0.004700
8) 0.005800
9) 0.006550
Profits potential: 246%
(Buy-in calculated at 0.001890)
Stop-loss: Close weekly below 0.001500
Capital allocation: <10%.
ADAPT AND ACCEPT TO CHANGE
Multiple realities can come at you at the same time on the same day.
It is hard to grasp,
It is hard to see,
It is hard to understand that the detox symptoms are the signal of imminent change.
You cannot see, you do not know so you don't understand.
And while you are there trying to figure it out, your body is already in the process of adapting and accepting the change.
As soon as your body starts to evolve, the rest will follow in a natural way.
So only if you upgrade your consciousness...
Change an idea about yourself.
The rest will just follow...
Go adapt and accept to be able to change.
Namaste.
Decred's journey to becoming the most secure database on earth.Downtrend broken, weekly candle will close today above trend line for first time in 17 months. Decred becomes more secure and costlier to attack than Bitcoin at roughly .04 dcr/btc. IMO the top for next cycle will be around .04 dcr/btc.
Decred (DCR): Bigger Move PossibleLooking at Decred (DCR), we have another fascinating chart in the alt space. DCRBTC could be in the early stages of a much more significant up move. We saw a presentation on Decred at the Austin Bitcoin conference. Decred has specific properties on its blockchain that make it appealing as a cryptocurrency. Decred is also a favorite of major hedge fund, Delphi Digital
Looking at the chart, DCRBTC is pressing against horizontal resistance at 29. While we have to wait and see, we suspect Decred (DCR) has the power to through this level. If Decred (DCR) can get through this level, 44 would be next.
Bottom Line: Barring a significant drop in the crypto markets as a whole, Decred (DCR) looks like a coin where you can buy dips.
DECRED - Massive Bullish Continuation Pennant - 20%+ GainsDecred has a very bullish set up here. DCR has a beautiful continuation pattern forming that I'll be looking to break to the upside. I think we have a good opportunity to nab 20%+ on a breakout with the possibility of hitting the .0032 area.
Very interesting long term potential for DecredOne of the only assets out there forming a potentially well defined up trend against Bitcoin. Based on 2016-2017 cycle we may get DCR to .05 BTC in late Q1 of 2021 before BTC goes completely nuts. The ticket purchase proof of stake mechanism is no joke. DCR lockup to participate in ticket purchases creating higher ticket prices create a very interesting dynamic and have a significant impact on Decred's scarcity.
Decred is starting new bullish trend? DCR/BTC is bullish right now! Everything is on the chart. Idea is very simple. Go long - HOLD. Put stop loss if something goes wrong. Good Luck and Have Fun! Subscribe and press like! Ali Jack
$DCR, Crossed & flipped ~204k sats into support$DCR
Crossed & flipped ~204k sats into support on the way up of this new bullish trend
UCTS Buy signals across 1D & lower TFs (trendfinder all green)
Volume rising as it crossed EMA50 on 1D Chart
MACD bullish divergence
From here aiming for ~231k sats as 1st target (~15%)
#DCR
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Decred Overview & Chart Analysis (Starting To Move)Decred (DCR) Overview
Decred (DCR) is an open-source, Bitcoin fork that places emphasis on development funding, on-chain governance, and consensus mechanisms.
Launched in Feb 2016 by the Bitcoin developers behind btcsuite (an alternative full-node Bitcoin implementation written in Go (golang), Decred successfully orchestrated an on-chain user-activated consensus vote, which is emblematic of the project's emphasis on community-driven stakeholder governance. Other features of the project include a hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system, a public proposal platform, smart contracts, cross-chain atomic swaps, and cross-platform wallets.
Now let's take a look at the daily timeframe chart for DCRBTC:
Here we have a broken downtrend line (red dotted).
We can see big volume and EMA50 rejecting the growth. That's the level to break for DCRBTC to move higher (so you see a green arrow above it).
There is a bullish divergence with the MACD.
The RSI hit ~18 recently, very low, and is now strong/bullish above 50.
DCRBTC is trading above EMA10 (green line) which tells us that it has bullish potential.
Additional details can be found on the chart.
Namaste.
Decred Falling Wedge! DCR Finally Bottomed Out? OpportunityIf DCR bottomed out at 0.0015, and breaks out of the falling wedge as it approaches ~0.00175, then it's a great buying opportunity either for a long term position up to ~0.004 or a short term take profit at ~0.002
Moreover, with Decred's privacy features, Politeia GUI update, and potential Coinbase listing soon, this coin is primed for major reversal based on fundamental aspects as well. The proverbial sleeping dragon.
DCRBTC 1HDecred seems to do rising wedge and periodic wave in wedge, movement can complement itself to the cup.. rising symmetrical triangle inside the cup. Break a leg&good luck!
no more space for DCRAs we can see here there isn't more space for DCR. I think the price will continue move downwards to around 1700 sats. and after that move there is nice opportunity.
Stop level is under the yellow curve.
Profit opportunity is about %20
Today`s ALT!!! DCRBTCBINANCE:DCRBTC
Exchange : Binance
Coin: DCRBTC
Buy Zone: 0.00192~0.0019
Target Point: 0.00199/ 0.002065/ 0.0021/ 0.00215/ 0.0023
S/L: 0.00188
Risk: HIGH
Term: Middle - Long
It`s moving in Down Trending Channel
There is Bullish Divergence at the bottom of Channel
It can be touch top of channel !!
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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DCRBTC 1 DayNice forming triangle on the daily as well as on the weekly. RSI has been under the 50 line for a long time as well. Keeping an eye on this one at the break of the triangle.
