DCRBTC trade ideas
DCR 1DPrice is in a steep ascending channel
Senkou span A is heading to senkou B. I would expect a twist in the kumo.
Although the stochastic RSI may be forming a double top we can say judging by the wicks at the bottom of the past few daily candles coupled with the twist on the kumo I would expect continued upward momentum at least until the .786 fib level.
Trend is 76 which is incredibly strong and the DIs are not curling inwards signalling any bearish movement.
Decred on the way up, breaking resistence after 275 daysBuy : DCR / BTC (BITTREX, POLONIEX)
Buy zone :0.0095 - 0.01 sats
Current price : 0.0094 sats
Target 1 ) 0.012 sats
2) 0.013 sats
3) 0.014 sats
Decred has been under huge resistence over 275 days on 1d chart and now is pushing higher.
Volume is increasing, also chart is ready to jump up.
You can buy now and set stop loss not more than 10%
Stop loss : 0.0090 sats
Good luck
DecredDCR
Wait for the 3rd square to be confirmed
buy: 960240 - 1011545 - 1062849
sell: 1114154 - 1165458 - 1216762 - 1268066
stop: 2 candles 240 under buy price
DECRED: CRYPTO BOTTOM SIGNAL = 71.78% PROFIT!!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 71.78% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 19: YBF Ventures announce our corporate partnership with Decred as part of our Web 3.0 hub.
April 28: Decred V1.2.0 Released. This release of dcrd contains significant performance enhancements, infrastructure improvements, improved access to chain-related information for providing better SPV (Simplified Payment Verification) support, and other quality assurance changes.
A significant amount of infrastructure work has also been done this release cycle towards being able to support several planned scalability optimizations.
This includes the following changes:
Significantly Faster Startup
Support For DNS Seed Filtering
Committed Filters
Updated Atomic Swap Contracts
April 29: New Decred Slack invite page is up and running.
May 2: Innosilicon's world class R&D team just released the latest global leading miner D9 (Decredmaster)
May 2: Significant optimization achieved in how Decred performs signature hash calculations. Improvements in both speed (306x faster) and memory allocation (91% reduction) for a transaction with many inputs.
May 4: Decred has been listed on Upbit exchange.
May 6: Minertopia releases new Decred mining pool with 1% fees.
May 12: Decred is exihibited at Consensus 2018.
May 19: First beta of Decreds's ticket splitting mechanism released. Decred users are able to buy ticket fractions & reduces barriers to entry to participate in Decred's governance.
The positive news combined with the uptrend in prices from the general crypto markets can explain the increase in price.
**The "Crypto Bottom SIgnal" used in this analysis is included as part of the Crypto Trade Signals subscription.**
DECRED Chugging along like a BOSS! Long strong technicals along with great fundamentals have me loving some DCR. Pooled staking, atomic swaps, lightning network all coming soon. Good chance we will see it listed on Binance soon as well.
Decred - fair BitcoinCoin of the day is Decred.
"Decred is Bitcoin as it should have been."
Decred (DCR) is a cryptocurrency project that prioritizes decentralized governance and decision making on the blockchain. It runs autonomously with improvements voted on and enacted directly by the miners and holders of the currency.
One of the challenges faced by Bitcoin is that its underlying proof of work (POW) consensus algorithm allows more controlling power to the miners who own and operate expensive mining equipment. As all the mining gets concentrated at a few such powerful operators and pools, it leaves other network participants at a big disadvantage to reap network benefits.
To address POW challenges, proof of stake (POS) emerged as an alternative consensus algorithm that allocates more mining and reward rights to participants who hold more stake regarding the number of coins held. While POS manages to circumvent the problems of POW like high electricity bills and costly hardware, it implicitly encourages virtual coin hoarding, which may limit the cryptocurrency use.
Decred team developed Proof of activity (POA) as an innovative hybrid of POW and POS and claims to offer the best of both. It ensures that both miners and users have the same amount of influence on the various activities of the network.
Decred also introduces a censorship-resistant blockchain-anchored public proposal platform, smart contracts, the possibility of cross-chain atomic swaps between various cryptocurrencies that enable network participants to carry trustless over-the-counter (OTC) trades without the involvement of any authority or a third party, and cross-platform wallets.
Technicals
DCRBTC was gradually growing from the beginning of 2018, recently the coin crossed the 100-days EMA, which brought it from the deep correction zone to a more middle position relative to the past peak. There were two relatively big spikes, one on April 25 and second on May 4, public opinion converges this spikes to huge buy-ins as the price continues to grow after. Psychological level 0.01 and Bullish Trend line should support the upward movement, breakthrough of the 0.012 level will open the way to the resistance on the 0.015 height.
Decred (DCR/BTC) finished and ABC correction After the price broke out off of the triangle in which it was from 26.03.2017 in a 12345 impulse wave and an increase of 59.63%, a small ABC correction occurred and is now over. After this large of a move, there is a larger correction, and I don't believe that this ABC was it. I think that we are going to see a complex set of corrections which will overall form a WXY.
Idea (May 14, 2018) (DCR/BTC)Signal DCR/BTC
Bittrex
Entry 0.0110 (wait price to reach this level)
StopLoss 0.0101
Rating 3.5/5
Profit goals1: 0.0116 (Take 50%)
Profit goals2: 0.0121 (Take 25%)
Profit goals3: 0.0128 (Take 25%)
When T1 reached: New Stop loss for remaining position moves to (0.0104)
When T2 reaches: New Stop loss for remaining position is entry point 0.0110
WHY? Above all EMAs, taking the rebounce from strong support and momentum. 6 days in an uptrend. Nice Risk/reward ratio of 1.2
Trade idea for DCR-BTCOn D1, DCR just broke out of a big triangle. I will enter trade here and expect to earn 30-45% profit.
Target profit: 0.0117 - 0.0142
Stoploss under 0.0085
DCR potential breakoutEntered into DCR around 0.0110 before as it was trying to breakout. RSI is consolidating but price is showing higher low's so thought it was worth a shot.
Felt like it was quite a similar set up to LUN which ended up going 100%.
FA- consensus week so hopefully even the worst alts should do well nevermind the ones that are on top page of bittrex.
Decred VS Bitcoin Growth PerspectiveDecred has found the bottom at btc 0.0028 after which price started to move higher breaking above the 200 Moving Average. For the past four months price has been ranging between btc 0.01 and 0.005. Nevertheless price continues to produce higher highs and higher lows.
The last corrective wave down where price found the support at btc 0.0056, could have been the very first corrective wave of a stronger five wave uptrend. Currently DCR/BTC starting yet again to gain upside momentum and seem to be ready to produce a new high.
There are two major resistance levels that should be watched. First is 327.2% Fibonacci retracement level at btc 0.02 area. When/if that resistance is broken price is likely to continue moving higher towards the key resistance located at 267.2% Fibs, that is btc 0.032 area.
#DCRBTC #cryptocurrency strong price action near resistancelevels, with a stop at about 15% lower than current price. Difficult to predict target zones to establish risk:reward since we'll be bumping against ATHs, relative to BTC, soon. Either way, another coin that looks promising due to the incoming volume and easy to see where this trend begins to breakdown.
DCR - All kinds of Bullish PatternsMoar trend lines and channels. Long term bull flag, plus a possible bullish diamond bottom. Decred has every bullish pattern playing out right now, plus an extended slow release alt season in progress. $DCRBTC
DecredDecred $DCR forming a possible Adam and Eve. Maybe a cup and handle. Maybe an inverted head and shoulders in there too. Holding channel support and resistance looking to break into the next channel. Fundamentals look great, should be a top 20 candidate.
Decred would probably resume its uptrend again...Technical analysis:
DECRED/BITCOIN is in a range bound and Resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 66.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would probably resume.
There is possibility of temporary retracement to suggested support zone (0.0082 to 0.0072), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0082)
Ending of entry zone (0.0072)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0097
TP2= @ 0.0123
TP3= @ 0.0145
TP4= @ 0.0178
TP5= Free
Decred would probably resume its uptrend again...Technical analysis:
DECRED/BITCOIN is in a range bound and Resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 66.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would probably resume.
There is possibility of temporary retracement to suggested support zone (0.0082 to 0.0072), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0082)
Ending of entry zone (0.0072)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0097
TP2= @ 0.0123
TP3= @ 0.0145
TP4= @ 0.0178
TP5= Free
Where will DRC Decred go now?After April 25th, when DCR have got a 50% PUMP in a few hours and then retracted more than 25% from the high, DCR attracted some of the spotlights to itself. Let's take a look in it's chart and try to predict what it's going to do from now on.
Since the PUMP, DCR have been moving sideways and formed a descending triangle, which is a bearish pattern. If it intend to follow the bull run from the imminent alt's season, bulls will need to put some work and try to break the descending triangle following the green arrow. However, this isn't the easiest way for the price action follow. We may see some indecision inside the descending triangle culminating with it's support break.
The signal line is above MACD for 4h chart, and getting closer on the 1D chart, as shown insde the red circle. If signal crosses above MACD, it will be another bearish pattern and we may see bears getting even stronger.
The target, considering only the triangle, is approximately 0.007, but the purple 1 month uptrend line is a support that may contain the DUMP. Let's keep an yey over DCR and see what's going to happen on the triangle. If it breaks below, we are going to see DCR bleed.
DECRED: CRYPTO BOTTOM SIGNAL = 27.61% PROFIT!!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 25th of April 2018 .
Using this buy in point and selling at today's price, you would have expected to net 38.93% PROFIT!! !
The increase in price may also be explained by positive developments including:
April 19: YBF Ventures announce our corporate partnership with Decred as part of our Web 3.0 hub.
April 28: Decred V1.2.0 Released. This release of dcrd contains significant performance enhancements, infrastructure improvements, improved access to chain-related information for providing better SPV (Simplified Payment Verification) support, and other quality assurance changes.
A significant amount of infrastructure work has also been done this release cycle towards being able to support several planned scalability optimizations.
This includes the following changes:
Significantly Faster Startup
Support For DNS Seed Filtering
Committed Filters
Updated Atomic Swap Contracts
April 29: New Decred Slack invite page is up and running.
May 2: Innosilicon's world class R&D team just released the latest global leading miner D9 (Decredmaster)
May 2: Significant optimization achieved in how Decred performs signature hash calculations. Improvements in both speed (306x faster) and memory allocation (91% reduction) for a transaction with many inputs.
May 4: Decred has been listed on Upbit exchange.
The positive news combined with the uptrend in prices from the general crypto markets can explain the increase in price.
