Decred could take off from 0.012Coin of the day is Decred.
Decred is one of the market favorites lately, staying in bullish pattern despite the global correction.
Team positions its project as more honest and close to the people bitcoin pretender.
Decred(DCR) is a cryptocurrency project that prioritizes decentralized governance and decision making on the blockchain. It runs autonomously with improvements voted on and enacted directly by the miners and holders of the currency.
The coin is based on Proof of activity (POA) algorithm, an innovative hybrid of POW and POS and claims it ensures that both miners and users have the same amount of influence on the various activities of the network.
Latest news
May 25 – Bittrex added DCRUSDT trading pair.
Technicals
Growing since the beginning of 2018, DCRBTC added in momentum after breaking Bearish Trend Line on 2018.05.10. Breakthrough of the 0.015 resistance did not happen, and overbought pair went into a correction, setting the peak at 0.0145. For the second day in a row, the price holds above 0.012 support, which fits in the bullish scenario. If Decred manages to take-off from 0.012 level the 0.015 level will be tested again and breakthrough will send the pare further up to 0.017 resistance (23.6% Fibo). From the below, 0.012 level is the closest support, above this level – Global Bullish Trend Line, 100-days EMA and psychological support 0.01.
DCRBTC
Decred | Loaded for a further moveSo Decred is showing us increased volume for a past 2 weeks and 2 huge pumps as we seen in previous ideas. Team currently is visiting a lot of confereces and spreading a word. Fundamentals behind Decred were always strong. It is a sweet place to buy. Let's do that.
I bought at 0.00972. I'm going to sell 25% at 0.01065. Another 25% will be sold at 0.0119. I will keep the rest 50% for a long run to 0.0150 which I believe is going to happen. Why? Because there should be a reason why someone market bought DCR twice (on Poloniex and Bittrex) pumping the price up to 0.0150. I believe they have no reason for selling it lower than they bought it and they did have a reason to buy it that high.
Don't forget to set a stop-loss at 0.00938.
Please remember: my trading style is agressive and percentage of buys is high. You should always ask yourself if you are capable of losing amount of money that you put into after stop-loss is triggered
Smash that like button if you anticipate upcoming rally
DCR still looks good, is it about Bitcoin falling?Coin of the day is Decred.
Returning to one of the growers in the present unfavorable for bitcoin time. While Bitcoin price is breaking all support levels and rolling down, dragging big players, there are good looking charts on the markets.
Decred (DCR) is a cryptocurrency project that prioritizes decentralized governance and decision making on the blockchain. It runs autonomously with improvements voted on and enacted directly by the miners and holders of the currency.
The team states that they aim to become an alternative cryptocurrency and tries to improve Bitcoin flaws. One of such problems - miners monopoly on bitcoin future. Decred team developed Proof of activity (POA) as an innovative hybrid of POW and POS and claims it ensures that both miners and users have the same amount of influence on the various activities of the network.
Decred also introduces a censorship-resistant blockchain-anchored public proposal platform, smart contracts, the possibility of cross-chain atomic swaps between various cryptocurrencies that enable network participants to carry trustless over-the-counter (OTC) trades without the involvement of any authority or a third party, and cross-platform wallets.
Technicals
DCRBTC were showing sustained growth for over a month now. On 17 May the coin broke above 0.012 resistance and turned it into support. Now the pair tends to the next strong resistance at the 0.015 level, not managing to reach that level, the overbought coin is showing slowdown signs at the 0.014 level and seems to be going into a correction. Nonetheless, the correctional movement could be a chance for investors to buy-in and continue the uptrend rally of the coin. Rising volumes above the 0.012 level could be a sign of a turnaround, breakthrough of 0.014 level will confirm a turnaround and send the pair testing the 0.015 resistance. Breakthrough of 0.015 will set the goal on the 2017.06 maximum at 0.019. 0.012 level and Bullish Trend Line should support an uptrend bias, breakthrough of this levels will start a lateral stagnation.
Decred on the way up, breaking resistence after 275 daysBuy : DCR / BTC (BITTREX, POLONIEX)
Buy zone :0.0095 - 0.01 sats
Current price : 0.0094 sats
Target 1 ) 0.012 sats
2) 0.013 sats
3) 0.014 sats
Decred has been under huge resistence over 275 days on 1d chart and now is pushing higher.
Volume is increasing, also chart is ready to jump up.
You can buy now and set stop loss not more than 10%
Stop loss : 0.0090 sats
Good luck
DECRED: CRYPTO BOTTOM SIGNAL = 71.78% PROFIT!!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 71.78% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 19: YBF Ventures announce our corporate partnership with Decred as part of our Web 3.0 hub.
April 28: Decred V1.2.0 Released. This release of dcrd contains significant performance enhancements, infrastructure improvements, improved access to chain-related information for providing better SPV (Simplified Payment Verification) support, and other quality assurance changes.
A significant amount of infrastructure work has also been done this release cycle towards being able to support several planned scalability optimizations.
This includes the following changes:
Significantly Faster Startup
Support For DNS Seed Filtering
Committed Filters
Updated Atomic Swap Contracts
April 29: New Decred Slack invite page is up and running.
May 2: Innosilicon's world class R&D team just released the latest global leading miner D9 (Decredmaster)
May 2: Significant optimization achieved in how Decred performs signature hash calculations. Improvements in both speed (306x faster) and memory allocation (91% reduction) for a transaction with many inputs.
May 4: Decred has been listed on Upbit exchange.
May 6: Minertopia releases new Decred mining pool with 1% fees.
May 12: Decred is exihibited at Consensus 2018.
May 19: First beta of Decreds's ticket splitting mechanism released. Decred users are able to buy ticket fractions & reduces barriers to entry to participate in Decred's governance.
The positive news combined with the uptrend in prices from the general crypto markets can explain the increase in price.
**The "Crypto Bottom SIgnal" used in this analysis is included as part of the Crypto Trade Signals subscription.**
Decred - fair BitcoinCoin of the day is Decred.
"Decred is Bitcoin as it should have been."
Decred (DCR) is a cryptocurrency project that prioritizes decentralized governance and decision making on the blockchain. It runs autonomously with improvements voted on and enacted directly by the miners and holders of the currency.
One of the challenges faced by Bitcoin is that its underlying proof of work (POW) consensus algorithm allows more controlling power to the miners who own and operate expensive mining equipment. As all the mining gets concentrated at a few such powerful operators and pools, it leaves other network participants at a big disadvantage to reap network benefits.
To address POW challenges, proof of stake (POS) emerged as an alternative consensus algorithm that allocates more mining and reward rights to participants who hold more stake regarding the number of coins held. While POS manages to circumvent the problems of POW like high electricity bills and costly hardware, it implicitly encourages virtual coin hoarding, which may limit the cryptocurrency use.
Decred team developed Proof of activity (POA) as an innovative hybrid of POW and POS and claims to offer the best of both. It ensures that both miners and users have the same amount of influence on the various activities of the network.
Decred also introduces a censorship-resistant blockchain-anchored public proposal platform, smart contracts, the possibility of cross-chain atomic swaps between various cryptocurrencies that enable network participants to carry trustless over-the-counter (OTC) trades without the involvement of any authority or a third party, and cross-platform wallets.
Technicals
DCRBTC was gradually growing from the beginning of 2018, recently the coin crossed the 100-days EMA, which brought it from the deep correction zone to a more middle position relative to the past peak. There were two relatively big spikes, one on April 25 and second on May 4, public opinion converges this spikes to huge buy-ins as the price continues to grow after. Psychological level 0.01 and Bullish Trend line should support the upward movement, breakthrough of the 0.012 level will open the way to the resistance on the 0.015 height.
Decred VS Bitcoin Growth PerspectiveDecred has found the bottom at btc 0.0028 after which price started to move higher breaking above the 200 Moving Average. For the past four months price has been ranging between btc 0.01 and 0.005. Nevertheless price continues to produce higher highs and higher lows.
The last corrective wave down where price found the support at btc 0.0056, could have been the very first corrective wave of a stronger five wave uptrend. Currently DCR/BTC starting yet again to gain upside momentum and seem to be ready to produce a new high.
There are two major resistance levels that should be watched. First is 327.2% Fibonacci retracement level at btc 0.02 area. When/if that resistance is broken price is likely to continue moving higher towards the key resistance located at 267.2% Fibs, that is btc 0.032 area.
#DCRBTC #cryptocurrency strong price action near resistancelevels, with a stop at about 15% lower than current price. Difficult to predict target zones to establish risk:reward since we'll be bumping against ATHs, relative to BTC, soon. Either way, another coin that looks promising due to the incoming volume and easy to see where this trend begins to breakdown.
Decred would probably resume its uptrend again...Technical analysis:
DECRED/BITCOIN is in a range bound and Resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 66.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would probably resume.
There is possibility of temporary retracement to suggested support zone (0.0082 to 0.0072), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0082)
Ending of entry zone (0.0072)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "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 special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0097
TP2= @ 0.0123
TP3= @ 0.0145
TP4= @ 0.0178
TP5= Free
Decred would probably resume its uptrend again...Technical analysis:
DECRED/BITCOIN is in a range bound and Resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 66.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would probably resume.
There is possibility of temporary retracement to suggested support zone (0.0082 to 0.0072), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0082)
Ending of entry zone (0.0072)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "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 special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0097
TP2= @ 0.0123
TP3= @ 0.0145
TP4= @ 0.0178
TP5= Free
Where will DRC Decred go now?After April 25th, when DCR have got a 50% PUMP in a few hours and then retracted more than 25% from the high, DCR attracted some of the spotlights to itself. Let's take a look in it's chart and try to predict what it's going to do from now on.
Since the PUMP, DCR have been moving sideways and formed a descending triangle, which is a bearish pattern. If it intend to follow the bull run from the imminent alt's season, bulls will need to put some work and try to break the descending triangle following the green arrow. However, this isn't the easiest way for the price action follow. We may see some indecision inside the descending triangle culminating with it's support break.
The signal line is above MACD for 4h chart, and getting closer on the 1D chart, as shown insde the red circle. If signal crosses above MACD, it will be another bearish pattern and we may see bears getting even stronger.
The target, considering only the triangle, is approximately 0.007, but the purple 1 month uptrend line is a support that may contain the DUMP. Let's keep an yey over DCR and see what's going to happen on the triangle. If it breaks below, we are going to see DCR bleed.
DECRED: CRYPTO BOTTOM SIGNAL = 27.61% PROFIT!!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 25th of April 2018 .
Using this buy in point and selling at today's price, you would have expected to net 38.93% PROFIT!! !
The increase in price may also be explained by positive developments including:
April 19: YBF Ventures announce our corporate partnership with Decred as part of our Web 3.0 hub.
April 28: Decred V1.2.0 Released. This release of dcrd contains significant performance enhancements, infrastructure improvements, improved access to chain-related information for providing better SPV (Simplified Payment Verification) support, and other quality assurance changes.
A significant amount of infrastructure work has also been done this release cycle towards being able to support several planned scalability optimizations.
This includes the following changes:
Significantly Faster Startup
Support For DNS Seed Filtering
Committed Filters
Updated Atomic Swap Contracts
April 29: New Decred Slack invite page is up and running.
May 2: Innosilicon's world class R&D team just released the latest global leading miner D9 (Decredmaster)
May 2: Significant optimization achieved in how Decred performs signature hash calculations. Improvements in both speed (306x faster) and memory allocation (91% reduction) for a transaction with many inputs.
May 4: Decred has been listed on Upbit exchange.
The positive news combined with the uptrend in prices from the general crypto markets can explain the increase in price.
Decred | Insiders?There is unusual price action on DCR. Sometimes people know about news before they came out. Lets try to join them.
That triangle broke down right to the resistance. Lets buy it with a tight stop right under that resistance – on 0.00845
I will sell 25% of bought DCR between 0.0097 – 0.00985, then 50% in the 2nd sell zone between 0.0106 – 0.0107. The rest 25% I will leave for a long run if there will be any
Please remember: my trading style is agressive and percentage of buys is high. You should always ask yourself if you are capable of losing amount of money that you put into after stop-loss is triggered
Smash that like button if you enjoyed this find
DCR/BTC OPPORTUNITY!Like all the other coins Decredo is back from correction and is now on bull run, the coin might hit its resistance of 0.008 BTC and bounce back however it wont be long till it hits its upward trend line after which we should see the next bull flag.
Buy-in price: 0.0075-0.00795 BTC
Targets:
1. 0.0095 BTC (short)
2. 0.0115 BTC (long)
Coin potential price: 0.021 BTC
Stop-loss: 0.0072 BTC
The first target for this trade is solid as the market is on bull run and most of the coins are expected to hit their targets, however the second target will only be possible in short time if the market continues to be on bull run, therefore that would be our long term target.
Good luck!
Decred , A great opportunity to buy for DCRBTC comes soon.Technical analysis:
DECRED/BITCOIN is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 33.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (0.0040 to 0.0028), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0040)
Ending of entry zone (0.0028)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.0052
TP2= @ 0.0066
TP3= @ 0.0082
TP4= @ 0.0097
TP5= @ 0.0123
TP6= @ 0.0145
TP7= @ 0.0178
TP8= Free