Dcr
DCRUSD $72+? Elliot Wave AnalysisMy thesis on why DCR will hit $72 and is in an excellent spot to enter currently:
-Trading at the bottom of the support of the wave 4 triangle
-5 ABC patterns already completed (drawn on 15m candles)
-Still well above the cloud on 2h and 1d timeframes, currently at near the bottom of the support of the cloud on 1h making it an excellent entry
-Conversion-line still above base-line on 2h and 1d candles
-Cloud green on 1h, 2h, and 1d candles
-Substantial P/L ratio, even with minimum PT of 1.618 extensions of W1-2. If it reaches the stop loss, then the trade is complete void, and the waves invalidated. In other words, a 5:1+ P/L ratio for the worst good scenario and the worst, worst case scenario.
-This Elliot wave analysis comes after a breakout of a considerable consolidation phase showing that it isn't just a fluke
Please leave any feedback in the comments below. I have been unable to respond to comments recently, so if you have a question feel free to PM me. I am trying some new changes to my strategy in hopes of better success.
DCR end of consolidation / Looking for a doubleDECRED has ended it's long consolidation, flag pole target is looking for at least 70 USD
MAs are flat
Lightning network activates in 3 days!
Should be getting payment integration too which will really make it blow up imo.
I'm staking my long term stash of DCR (yes PoS PoW hybrid with governance) - do your research!
Exciting Decred updates - 100%+ profit projectionWith several exciting updates already lately from Decred such as atomic swaps, new exchange listings and upcoming ASIC support there seems to be an interesting future ahead for Decred. Especially considering Lightning Network support is on track will be released 'very soon' (Q4 2017 according to their roadmap). Ontop of all this the circulating supply of Decred has been decreasing due to people locking their coins up in PoS for staking rewards, which is something that will definitely be reflected on the price per Decred.
All in all, I don't see any reason not to buy Decred! However, I am nowhere near being an experienced trader so please always do your own research for your investments/trades.
Source: thedecreddigest.com
Any crypto cannot be better than DCRnews : atomic swap DCR <-> BTC
technical analysis
: Other than this indication, According to my additional analysis, DCR is now trying to above neutral stage, meaning that it starts to sit on the launchpad.
Some possibilities - It could be flare again to revive altcoin market just like Jan. 2017. (Check DCR chart in 2017 Jan through late spring.)
recommend this coin as hodl coin throughout 4Q, as long as it's uptrend will be broken.
DCRUSD 50 EMA bounceLast time 50 EMA bounced off 100 EMA it had a massive bull run. Expecting to happen the same now as well because devs announced just the public proposal system. LN vote is locked in and will be active soon this year. We are waiting for the anonymity announcement which according to the roadmap should come as well at the end of this year. So stars are aligning just right with this beast coin here.
Expecting nothing less than ATH.
DCRBTC Poloniex. Forming a resistance lineAccording to the news fund, this asset has the potential to continue to grow, but the market suffers a large correction, from which this line forms a resistance line. There are all chances to break this line, and continue the growth to the levels indicated on the chart
A nice hot cup of DCR - Long hold through Q4 2017DCR loves cup and handle pattern.
Watch this closely, next target 0.0125.
On non technical note - check roadmap and latest blog posts. DCR is ahead of the curve in many ways. A long hold through Q4 2017 will show great returns on this coin.
blog.decred.org
long on #1 coin in governance DCRAscending triangle - should be near the bottom of the channel depending on which one plays out : Higher lows + flat top. Had highest close today with H printing on volume for significant volume. Might get another low, might not, but I added to my long on the pullback after the high. Top of channel should be around $40 near S4 on monthly as ultimate target. This would be wave 5 as we already had 2 impulses up.
Fundamentals:
Market cap is only 87m for a very well respected proof of activity coin based on concept by litecoin lead dev - plenty of upward room left. Here the litoshi introducing them for their speech - www.youtube.com
I would estimate the ideal market cap for this coin at this point around 200-400 m if the next few major votes and forks the votes enforce on protocol level go off without a hitch
roadmap for this year is nuts: Lightning network + segwit, voting, staking, smart contracts, unknown privacy method (fingers crossed for mimblewimble) blog.decred.org
Tezos ICO and announcement of EOS this month as well as eth dev centralization issues and btc/ltc issues with miners is bringing attention to experimental governance coins, especially DCR I think, but also lesser known ones like bitshares/steem that innovated on the dpos scheme. However in no existing coins is the governance as built in to prevent lead developers from having too much power and going against community like with eth self-bailout disaster, but also to allow innovation to occur securely to avoid miners with too much power.
I used to hate lock up periods for any coins PoS staking, but after listening to interview with dan larimer he explained it's done that way to prevent people from buying tokens just to destroy a cryptocurrency, as they would have to stick around and suffer the consequences of their voting financially. 1 month or so lock up for voting tickets now seems more reasonable to me.
This is a very exciting project to me personally. Long term with well done governance and checks and balances, you can build enormous amount of complexity on a solid foundation like this.