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DCRBTC

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.
DLong
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
DLong
by Skyrexio
2
DCRBTC Analysis BINANCE:DCRBTC Looks to have bottomed here. As long as this 1950 area holds on the daily I think this has some serious potential to reach a true wave 3 target. Above 2224 is a nice start I'd like to see. Some bearish div on the RSI daily suggests some more sideways or consolidation. A break above 2224 is what I really want to see to jump in, though I don't mind building a small position around CMP where we are. This is extremely speculative at this point, but with alts looking to run it's important to target the ones that are already in consolidation, not the ones that are up 70% in the last week. As always with alts - trade small. They are really volatile even when going up.
DLong
by Cyrnix
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.
D
by AlanSantana
1
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.
DLong
by tokenmetrics
2