DCRBTC trade ideas
$DCR Showing some volume & recovery from support at $BTC slows..$DCR Showing some volume and recovery from support at $BTC slows down...
It could be a good opportunity for a shor term trade
#DCR
After Bitcoin and Litecoin, a new safe haven: Decred !I will introduce you not a successor BITCOIN in the sense that it could eventually replace the latter (flippening in jargon)
But a continuation Bitcoin intended to be an essential store of value alongside Bitcoin and Litecoin!
This "BITCOIN SUITE" as it was originally called, was created by some of BITCOIN's talented developers,
especially by the well-known Charlie Lee, also co-founder and developer of LITECOIN.
In 2016, it was renamed DECRED, for DECENTRALIZED CREDIT, to underline its desire to be much better decentralized than is Bitcoin.
I'll detail the fundamentals in a future post, and why if there was only one cryptocurrency to HODL, it would be obvious to me DECRED !
In the meantime, here's on the chart my entry point, and what appears to be bullish chartist indicators
All the better if the entry point is better for those who are not already on DECRED, but it isn't very important as a means of saving for the long term... the main thing in my opinion is to have one, and it is now easy to obtain several DCRs out of the only 9 million available (21 Million futures like BITCOIN)
DECRED is available in particular on BINANCE. See you soon for the rest of this presentation!
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.
9 days to decide whether to go to LUA or EARTHIf we break above, we have a conservative target of 0.00530, optimistic being 0.00800
DCRBTC, Very good signals. The Way for the profit is readyDCRBTC, Very good signals. The Way for the profit is ready_
MACD_ Ok
BOLLINGER BAND_ Ok.
STOCHASTIC RSI_ Ok.
Test of the support_Ok
The test of the support is confirmed.
Now we can wait a good time for the next bullish
DCR tries to break first resistance, Bullish signals.DCR tries to break first resistance, the first test.
- The bullish signals are incoming.
DRCBTC Is it a dream come true? Is it Near to break a bullish triple bottom pattern? MACD is positive from 2 days and I can see a bullish pattern on 2-4 hours frameset.
DCRBTC - Ready for the next bullishDCR After the recent fall down, now is into a setup for the next bullish. The price is stable from days the interest of the traders seems to be approaching again.
For me it's ready for buy.
4hr DCR - Holding support (for now)TTM squeezing on the daily with momentum up
Holding support, hopefully it can breakout of the range, target is in the chart
DECRED ON A BULLISH MOMENTDECRED ON A BULLISH MOMENTUM:
BULLISH DIVERGENCE
HUGE ACCUMULATION ON BINACE
BIG SUPPORT FROM CURRENT PRICE
VERY LOW SUPPLY
90-110% TRADE OPPORTUNITY
CHECK THE THE CHART FOR TARGETS AND STOP
Decred (DCR) Primed for Trend Reversal, LONG PositionLooking at the long term log chart for Decred/BTC, what do we see?
We see that we're now touching a line that has been touched 4 times now, so it has a strong "magnetic pull" both + and -, we're bouncing off of that line now
We see that if now is the time of reversal, a possible target before retracement is the previous ~0.018 BTC ATH
DCR fundamentals (development, characteristics) should position it as a top 10 crypto in the future, because of its unique hybrid design
Moreover, "staking-as-a-service" seems to be gaining traction (Coinbase, Staking.us, etc.) and DCR could lead that trend
If you observe popular crypto personalities and traders, many like Murad Mahmudov begin speaking about Decred as the only competition to BTC
This is a unique chance to catch DCR before it gets big.
DECRED DRC LOOKING EXTREMLY BULLISHDECRED DRC LOOKING EXTREMLY BULLISH:
LOW SUPPLY
BIG DIVERGENCE
BIG ACCUMULATION ON BNB
DCR - Decred in a great position for breakout on dailyA quick one here... Decred's daily chart looks to be in great position for a bullish run:
1) Nearly completed falling wedge
2) Hitting strong support
3) Bullish crossover and bullish divergence on the MACD
DCR approaching a strong support level I think DCR is going to bounce soon. I'll be looking for high volume and looking around the 300k sats area for support. It was resistance back in March 2017 and it had a violent reaction to that price area in late 2017. Perhaps another 10% to go and then looking to buy. I am looking for big volume around this price.
DECRED is attemting trend reversal$DCR #DECRED
Portfolio Profit Potential: 25-90%
Risk Reward: 5:1
Target 1: 0.004150 (25%)
Target 2: 0.005076 (55%)
Target 3: 0.006193 (90%)
This Trade is High Risk & may take 4-6 Weeks to mature
Recommended Risk: 3%
