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Dcr

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.
Long
by Trader_Bean
2
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.
Long
by moon333
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
Long
by Skyrexio
2
DCR AccumulationThe repression of DCR's break out will soon subside. - We note two large daily wicks towards ~23.875 - Liquidity on the books will soon be unable to hold. As a result we begin to see large daily wicks as the sell side is lifted without liquidity to back the price stall. - With over 50% of the circulation locked up in staking, the upside pressure will soon take over as sell side demand continues to with. I will keep an eye on: i) Liquidity zone between 23.875 - 25.805 iii) With a substantial break, DCR has the open road to push towards $30 Will monitor this actively as accumulation continues. If we make a substantial move down, I will most likely look to continue getting long.
POLONIEX:DCRUSDLong
by Aerot
3
[DCRBTC](246%) Decred PREMIUM TradeDecred (DCR) Overview Decred (DCR) is an open-source, Bitcoin fork that places emphasis on development funding, on-chain governance, and consensus mechanisms. Launched in Feb 2016 by the Bitcoin developers behind btcsuite (an alternative full-node Bitcoin implementation written in Go (golang), Decred successfully orchestrated an on-chain user-activated consensus vote, which is emblematic of the project's emphasis on community-driven stakeholder governance. Other features of the project include a hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system, a public proposal platform, smart contracts, cross-chain atomic swaps, and cross-platform wallets. Decred (DCRBTC) Chart Analysis We are going to start with the weekly chart for Decred, take a look at a few of the signals and then move on to the daily... Weekly: The purple arrow on the chart represents the bullish divergence between DCRBTC price action and the MACD indicator. We see the prices moving lower while the MACD is moving higher (the MACD is the blue line on the first indicator). The RSI hit an extremely low and recently had a strong bounce. Still weak but moving up. I consider 30 as oversold/weak on the weekly timeframe. So a very weak RSI after the strong divergence as seen above can be a buy signal. The MACD histogram is also starting to turn green. We have a full green candlestick this week. A weekly close is needed for confirmation. The volume profile indicator is showing that the momentum is towards the upside. Over 230% of profits potential based on Fib. targets. Now let's take a look at the daily timeframe chart for DCRBTC: Here we have a broken downtrend line (red dotted). We can see big volume and EMA50 rejecting the growth. That's the level to break for DCRBTC to move higher (so you see a green arrow above it). There is a bullish divergence with the MACD. The RSI hit ~18 recently, very low, and is now strong/bullish above 50. DCRBTC is trading above EMA10 (green line) which tells us that it has bullish potential. Let's get to the numbers. Decred (DCRBTC) PREMIUM Trade Buy-in: 0.001700 - 0.001950 Next support: 0.001550 Targets: 1) 0.002240 |Hit 3-Nov. (+18%) 2) 0.002440 |Hit 3-Nov. (+29%) 3) 0.002700 |Hit 11-Nov. (+43%) 4) 0.003050 | Hit 16-Nov. (+60%) 5) 0.003440 6) 0.004220 7) 0.004700 8) 0.005800 9) 0.006550 Profits potential: 246% (Buy-in calculated at 0.001890) Stop-loss: Close weekly below 0.001500 Capital allocation: <10%. ADAPT AND ACCEPT TO CHANGE Multiple realities can come at you at the same time on the same day. It is hard to grasp, It is hard to see, It is hard to understand that the detox symptoms are the signal of imminent change. You cannot see, you do not know so you don't understand. And while you are there trying to figure it out, your body is already in the process of adapting and accepting the change. As soon as your body starts to evolve, the rest will follow in a natural way. So only if you upgrade your consciousness... Change an idea about yourself. The rest will just follow... Go adapt and accept to be able to change. Namaste.
by AlanSantana
1
Bitcoin Cash (BCH): The Destroyer of WorldsIf the crypto market was an Avenger's moving, $BCH might be Thanos. Meaning, $BCH might have the power to blow up the crypto planet. There is one smart person in particular that we talk to who thinks an implosion in Bitcoin Cash (BCH) could dramatically hurt the whole crypto market. We had not paid much attention to that until now. Reason: There is a head and shoulders top on the $BCH 2D. The theoretical downside target is $.50. Looking at the BCH chart at the granular level, there is a crucial Fib speed resistance line near 180. If BCH gaps down below that line, there could be a crash in BCH and crypto that mirrored what happened off the BCH fork. Bottom Line: A gap move below 180 in BCH could be devastating. We don't want over indulge in hyperbole, be the confirmed head and shoulders top forces us to take mega bearish scenarios seriously. On the bright side, we do think a dramatic decline in BCH might make way for other Bitcoin (BTC) alternatives to rise. Decred (DCR) is one we track closely.
COINBASE:BCHUSDShort
by tokenmetrics
There is a trading opportunity to buy in DCRUSDTechnical analysis: . DECRED/USDollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. .The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (18.25000000 to 12.25000000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (18.25000000) Ending of entry zone (12.25000000) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " 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 the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 25.00000000 TP2= @ 32.00000000 TP3= @ 40.00000000 TP4= @ 57.25000000 TP5= @ 71.20000000 TP6= @ 85.00000000 TP7= @ 104.85000000 TP8= @ 130.00000000 TP9= Free
POLONIEX:DCRUSDLong
by ForecastCity
4
There is a trading opportunity to buy in DCRUSDTechnical analysis: . DECRED/USDollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. .The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (18.25000000 to 12.25000000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (18.25000000) Ending of entry zone (12.25000000) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " 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 the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 25.00000000 TP2= @ 32.00000000 TP3= @ 40.00000000 TP4= @ 57.25000000 TP5= @ 71.20000000 TP6= @ 85.00000000 TP7= @ 104.85000000 TP8= @ 130.00000000 TP9= Free
POLONIEX:DCRUSDLong
by ForecastCity
8
Decred (DCR): Bigger Move PossibleLooking at Decred (DCR), we have another fascinating chart in the alt space. DCRBTC could be in the early stages of a much more significant up move. We saw a presentation on Decred at the Austin Bitcoin conference. Decred has specific properties on its blockchain that make it appealing as a cryptocurrency. Decred is also a favorite of major hedge fund, Delphi Digital Looking at the chart, DCRBTC is pressing against horizontal resistance at 29. While we have to wait and see, we suspect Decred (DCR) has the power to through this level. If Decred (DCR) can get through this level, 44 would be next. Bottom Line: Barring a significant drop in the crypto markets as a whole, Decred (DCR) looks like a coin where you can buy dips.
Long
by tokenmetrics
2
$DCR, Crossed & flipped ~204k sats into support$DCR Crossed & flipped ~204k sats into support on the way up of this new bullish trend UCTS Buy signals across 1D & lower TFs (trendfinder all green) Volume rising as it crossed EMA50 on 1D Chart MACD bullish divergence From here aiming for ~231k sats as 1st target (~15%) #DCR Managing my stop losses, take profits and trades over 3commas platform for Binance has been a great experience. I have to do a few clicks and everything is managed automatically by the platform.. Thanks
by CryptoNTez
1
Decred Overview & Chart Analysis (Starting To Move)Decred (DCR) Overview Decred (DCR) is an open-source, Bitcoin fork that places emphasis on development funding, on-chain governance, and consensus mechanisms. Launched in Feb 2016 by the Bitcoin developers behind btcsuite (an alternative full-node Bitcoin implementation written in Go (golang), Decred successfully orchestrated an on-chain user-activated consensus vote, which is emblematic of the project's emphasis on community-driven stakeholder governance. Other features of the project include a hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system, a public proposal platform, smart contracts, cross-chain atomic swaps, and cross-platform wallets. Now let's take a look at the daily timeframe chart for DCRBTC: Here we have a broken downtrend line (red dotted). We can see big volume and EMA50 rejecting the growth. That's the level to break for DCRBTC to move higher (so you see a green arrow above it). There is a bullish divergence with the MACD. The RSI hit ~18 recently, very low, and is now strong/bullish above 50. DCRBTC is trading above EMA10 (green line) which tells us that it has bullish potential. Additional details can be found on the chart. Namaste.
by AlanSantana
4
Decred Falling Wedge! DCR Finally Bottomed Out? OpportunityIf DCR bottomed out at 0.0015, and breaks out of the falling wedge as it approaches ~0.00175, then it's a great buying opportunity either for a long term position up to ~0.004 or a short term take profit at ~0.002 Moreover, with Decred's privacy features, Politeia GUI update, and potential Coinbase listing soon, this coin is primed for major reversal based on fundamental aspects as well. The proverbial sleeping dragon.
Long
by Tivra
1
Decred [DCR] - Buy PullbackDCRUSDT has had a significant bullish change in character whereby demand was found in Hammer and Piercing Pattern formations on 31D and 1M charts, respectively. Price has expectedly met with supply at Phi EMA 144 and a pullback will ensue. Ideal re-entry will be between SMMA 6 & EMA 30 ($15.50-$16.50). Buy only on bullish candlestick reversal signals with volume to support higher prices. We're looking for Hammers, Bullish Engulfing Patterns, and Morning Stars. Volume is the key factor which will illustrate the drive to break out of EMA 144 and push into the next Phi EMA 305 target ($20.00). Heikin Ashi well illustrates the bullish change in character and the zone between SMMA 6 & EMA 30 represent the sweet spot for long entries. Beware that a failure of these EMAs to hold as support will invalidate this bullish analysis. Entry: 15.50-16.50 SL: $14.50 TP1: $20 TP2: $23 RR: 2.67/4.67
Long
by zerocashcool