Decred / BitcoinLong
Decred - Ready to move?
Updated
Decred has performed very well this year, however, it has been in a long consolidation period over the last few weeks and looks ready for a breakout. Target of local high, and potential movements based on past pumps outlined, (market may be slower this time round with the much bigger marketcap).
Note that there is low volume on Decred the majority of the time as the spikes up are often market buys. I do believe the volume will come eventually, and the fundamentals are in place for Decred to have a good year; new privacy feature in the coming months, roadmap set out with lightning network integration a priority, and the voting mechanism that gives Decred the governance edge has been implemented in the last week or so, with the choice of lightning network being the first proposal.
Set your stops if you feel it appropriate to do so - I personally am riding this out without stops and will sell on pumps (and potentially buy more on the dips, whilst the alt bull environment remains intact).
View of 4hr
Note that there is low volume on Decred the majority of the time as the spikes up are often market buys. I do believe the volume will come eventually, and the fundamentals are in place for Decred to have a good year; new privacy feature in the coming months, roadmap set out with lightning network integration a priority, and the voting mechanism that gives Decred the governance edge has been implemented in the last week or so, with the choice of lightning network being the first proposal.
Set your stops if you feel it appropriate to do so - I personally am riding this out without stops and will sell on pumps (and potentially buy more on the dips, whilst the alt bull environment remains intact).
View of 4hr
Note
BTFDNote
Note
Time for a new All time highNote
Nice volume Note
Big alt squeeze by bitcoin, bought some more at these prices.Note
Looking good..cryptoninjas.net/2017/06/22/decred-now-available-exodus-wallet/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.