DCRBTC trade ideas
DCR in a good accumulation zoneDCR has been praised by many as well as having an amazing governance model and solid team. We really need to look at this Bitcoin rise as a blessing for giving us optimal entries for certain alts in the future. Decred is approaching the classic 0.883 retracement as well as very likely to respect a prior top from February as shown in the chart. Any price here or below will be amazing entries once we begin to look in hindsight and I would consider to begin to build longs here as ultimate bottoms are impossible to predict due to liquidity issues as well as no one can tell how strong the emotions people will feel here as they continue to sell here for massive losses. Crypto is a game of deception and if they continue to fill orders here or below, count your blessings and take it, just continue to average yourself in micro-buys and buy people's fear.
High Pivot on DCRBTCIf there is a break in the High Pivot by 0.006467, the currency will start a bullish trend, with one of the future targets being the 0.01 mark, or 54.6% gain.
$DCR | Ascending triangle and Elliott waves ($btc $crypto)DCR is moving inside a ascending triangle which it should be able to break out of shortly. This will kick off the second impulse wave, perhaps to the 1.618 Fib-extension. After a bounce the third wave could take us to about 1M satoshis, indicated by the confluence of multiple signals.
wedge in a flagdecred seems to have entered in a downward channel or flag which also contains a long-tail falling wedge. once after the wedge gets broken, we can start looking for an upward movement out of the channel but until then, I expect it to steadily fall down.
DCR the failed golden childOnce again the same classic crypto story being told here. DCR was praised by many, including Charlie Lee as being the Golden child of crypto with its "governance". The market doesn't care, it just wants to make money and that can only happen with loss. DCR is bleeding out as people fight the trend, expect it to go into the prior consolidation belt, which once again is the 0.883 classic crypto retracement. These markets are just too predictable at this point...
DCR$DCR
4 Hour Chart.
WATCH this chart Carefully! Set your stop losses if you buy in.
I set the targets for price movement.
BTC will dictate DCR's movements. Ideal buy area marked between both support lines.
DECRED POISED FOR LIFT-OFF || IDEAL HOLD FOR Q4 2017$DCRBTC is in the ideal position to set up buy-orders. Has finished correcting and now we just wait.
Bullish Gartley - Good entry for DCRBitcoins rally pushed DCR further down below its original support, this is a great buy in as RSI is oversold and a bullish gartley has formed.
Place adequate stop loss as indicated, and take profit at top of previous resistance.
Decred still bearish for short termDecred dropped below the cloud, breaking the smaller upward trend (yelllow-dot line) and is now heading to the bottom of the main bullish trend channel.
Signals for a drop are:
1. Price is below the cloud
2. Conversion line dropped below base line
3. MACD is pointing downwards
RSI signals a highly oversold market.
DCR/BTC - Upside down H&S - Enter NOW! + Fundamentals Decred just tweeted that theyve merged work from a new DCR developer for significant performance improvement in loading the blockchain form scratch!
