A possible violent outbreak out of the structure. Heads up!This idea is still valid. The fib levels keep corresponding with the price action, so it seems valid.
I am not an financial advisor. DYOR.
DCRBTC trade ideas
Repetition of a history in DCR/BTC?If history repeats itself, then growth will begin at the end of this year. The growth target of 0.04 BTC is quite real. After halving, bitcoin will magnetize most of the investment, as it was in 2016. Notice how accelerated the decline of DCR in the last months of 2016. Perhaps this will happen again.
Bull Divergence & Oversold spotted on Decred 4h candleBull Divergence & RSI Oversold spotted on Decred 4h candle
Target until RSI overbought
DCR/BTC Monthly Candle Being Painted Outside of the Triangle !We have a wonderful situation, FINALLY, in DCR/BTC, it's highly likely it has bottomed (DOUBLE BOTTOM), and now is painting a monthly candle OUTSIDE of the triangle, signaling a potential bullish reversal, turning the long-term downtrend vs BTC around into the opposite direction. This could be a rare opportunity to enter into this coin which is quite fascinating and unlike other altcoins. It was created by bitcoin devs, and shares sound money fundamentals with bitcoin, but with a PoS layer for extra security and for sustaining itself and its devs without needing outside funding. Many exciting features are coming out soon, such as the much-awaited decentralized exchange (DEX), a GUI for its built-in privacy (privacy that is still lacking in BTC!) based on coinshuffle++, and Lightning Network support, including staking via LN. I expect this coin to be #2 right below Bitcoin once this market becomes fully rational and efficient. (It's not yet.) Thanks for reading and good luck!
What will happen after DCRBTC gets out of the triangle?Is this a valid structure or will it be invalidated.
DCRBTC Approaching the end of the triangleDue to the descending trend line and the specified support at the end of the triangle, if the trend line breaks, we will climb higher. I increase the probability of climbing until I fall, according to the indicators, but the best time to buy is to break the trend line.
DCR dumpDecred proving to be a poor store of value. Other alts looking much better vs bitcoin in comparison. Will be interesting where this one tries to find a bottom could drop 90% from here vs bitcoin.
DCR - DECRED LONG SWINGThe last DCR idea i posted here was a short pretty much from the target of this trade. It worked perfectly although it took 2 months to complete.
With that said, this trade i am taking all the way back up.
We are at monthly support here (yellow line) and i aim to take it back up to monthly resistance. A BIG 60% move.
My SL is below the swing low (white line).
I'm scaling into a long now off the back of this Bitcoin strength hoping to see some BTC flow into alts.
Let's see.
Before moon, DCR needs to double bottomIt looks like DCR needs to make a double bottom before going to the moon
DCRBTC In strong Bullish formation with 50-100% target
Spotted Bullish flag formation on this and I believe it will pops up soonest.
Pick your bag on it and hold it for sometime.
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Dcr bullishBullish divergence on 4h rsi. Overhead diagonal resistance has held for 4 months. In my view a break of the diagonal would signal trend reversal to the upside.
Let's talk about the MACD Bull Div on DCR/BTCTough not to be a little bullish about the bullish MACD divergence that has developed over the last 18 months. Buckle up.
#DCRBTC RISKY (Long Term) 2/20 #DCRBTC RISKY (Long Term)
Buy : 0.00220000 - 0.00203610 - 0.00188441
Target 1: 0.00231000
Target 2: 0.00253000
Target 3: 0.00297000
Target 4: 0.00374000
Target 5: 0.00550000
Stoploss: 0.00183615
Invest: 3%
Risk/Reward: 10% / 150%
we ask Allah reconcile and repay.
DCRBTC Has Completed The Bullish Setup For Upto 510% Big GainsOn 19 Aug 2019 I shared a post where I have explained that priceline of Decred Decred (DCR) / Bitcoin is moving within a very big pennant since June 2017.
Within the pennant the price action formed head & shoulder pattern and pushed the price action down to the support.
In Aug 2019 after hitting the support of the pennant and bollinger bands the MACD was turning turned weak bearish from strong bearish and RSI was in oversold.
The previous post:
Now we can see that the Bollinger bands is squeezed indicating that there is breakout or breakdown can be possible at any time and moving average convergence divergence (MACD) is weak bullish. And the pricline is still at the support.
The current situation:
A bullish harmonic move:
Now on this 2 week chart the priceline has formed a complete bullish BAT pattern the formation of this pattern was started with the candlstick that was opened and closed on 21st October 2019 and completed with the candlestick that was opened and closed on 11th November 2019. Then price action retraced between 0.382 to 0.50 Fibonacci and after getting retraced the price action projected between 0.382 to 0.886 Fibonacci projection of A to B leg after this Fibonacci projection from 16 December up till now the price action faced a strong bearish long-term trend and this strong bearish trend helped the price action to complete the last leg of this is BAT and the priceline of the DCR now has entered in the potential reversal zone of this bullish BAT pattern.
Buying and sell targets:
Now here I have defined two types of buying and sell targets.
1. Mid term
2. Long term
Midterm targets:
Midterm targets are as per bullish BAT pattern that has been formed at the support of big pennant. These targets are as per Fibonacci projection of A to D leg from 0.382 to 0.786 Fib level as below:
Buy between: 0.001823 to 0.001672 sats
Sell between: 0.002183 to 0.002728 sats
So as per these targets the Decred can produce upto 63% profit but if the price action manages to cross up 0.786 Fib projection then it can lead to hit the long term sell targets.
Long term targets:
Long term targets are as per big pennant on this 2 week chart and I have defined the sell targets using Fibonacci sequence from last highest upto the support of the pennant rather than from the tail up to the support for secure targets but the price action can even go higher than the targets I have defined.
Sell between: 0.00725349 to 0.01208048
As per these long term targets DCR can produce upto 510% huge profit.
Stop loss:
Here we can set the stop loss either the support of this pennant or the potential reversal zone of this bullish BAT pattern.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
DCRBTC | Gained momentum for upward movementDCRBTC looks good at 2H timeframe chart. We can see a strong price action regularity. It formed a precise downward channel.
At the chart you can see the price continuously touches upper and lower edges. Afterwards DCRBTC has a subsequent movement. Currently the price is located at the bottom of it and according to technical indicators is ready for an upward movement after a small corrective retracement
Signal is already shared in the premium channel and automatically applied through Binance API
DCR Long Position DCR / BTC
🌐 Exchange : BINANCE
▶️ Buy : 1950
👇 Targets :
✅ Tp 1 : 2110 (8%)
✅ Tp 2 : 2270 (16%)
✅ Tp 3 : 2450 (26%)
🔴 Stop loss Zone : 1800 ~ 1780
DECRED DESCENDING WEDGE SHORT IDEA. I love this project and hold as a hedge to Bitcoin but can't help but feel that we're going to break down versus Bitcoin soon.
Descending wedge type pattern playing out.
Let's see.
Let me know what you think.
