There is a possibility for the beginning of an uptrend in DCRBTCTechnical analysis:
. DECRED/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. 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 (0.00580 to 0.00509). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00580)
Ending of entry zone (0.00509)
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 the 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= @ 0.00651
TP2= @ 0.00728
TP3= @ 0.00801
TP4= @ 0.00854
TP5= @ 0.00970
TP6= @ 0.01117
TP7= @ 0.01230
TP8= @ 0.01454
TP9= @ 0.01773
TP10= @ 0.02179
TP11= Free
Decred
DECRED ONE MORE TIME! Decredo is great poject, DCR/BTC BITTREX! DECRED has been retracing and looks like it is finding its bottom so we are awaiting another dump as it still did not get out of its downtrend however our next support is quite strong and we should be expecting at least a pump of 20-30% which is I would say not bad for the current situation in the market not much upward movement at all but I think by the time DCR finds its support at 0.0057 BTC area the market will also start having some bullish momentum.
Good Luck, traders! #moon #mooncommunity
A trading opportunity to buy in DCRBTCTechnical analysis:
. DECRED/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. Price is in the support zone (0.00687 to 0.00570), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00687)
Ending of entry zone (0.00570)
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 the 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= @ 0.00801
TP2= @ 0.00854
TP3= @ 0.00970
TP4= @ 0.01117
TP5= @ 0.01230
TP6= @ 0.01454
TP7= @ 0.01773
TP8= @ 0.02179
TP9= Free
A trading opportunity to buy in DCRBTCTechnical analysis:
. DECRED/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. Price is in the support zone (0.00687 to 0.00570), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00687)
Ending of entry zone (0.00570)
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 the 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= @ 0.00801
TP2= @ 0.00854
TP3= @ 0.00970
TP4= @ 0.01117
TP5= @ 0.01230
TP6= @ 0.01454
TP7= @ 0.01773
TP8= @ 0.02179
TP9= Free
There is a possibility for the resumption of uptrend in DCRUSDTechnical analysis:
. DECRED/DOLLAR is in a downtrend and the resumption of an uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 24.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility for the resumption of an uptrend in the suggested support zone (38.00 to 22.30). traders can set orders with entry signal based on Price Action and expect to reach short-term targets.
Beginning of entry zone (38.00)
Ending of entry zone (22.30)
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 the 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= @ 47.71
TP2= @ 54.58
TP3= @ 58.52
TP4= @ 72.15
TP5= @ 83.18
TP6= @ 94.32
TP7= @ 110.07
TP8= @ 130.05
TP9= @ Free
There is a possibility for the resumption of uptrend in DCRUSDTechnical analysis:
. DECRED/DOLLAR is in a downtrend and the resumption of an uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 24.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility for the resumption of an uptrend in the suggested support zone (38.00 to 22.30). traders can set orders with entry signal based on Price Action and expect to reach short-term targets.
Beginning of entry zone (38.00)
Ending of entry zone (22.30)
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 the 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= @ 47.71
TP2= @ 54.58
TP3= @ 58.52
TP4= @ 72.15
TP5= @ 83.18
TP6= @ 94.32
TP7= @ 110.07
TP8= @ 130.05
TP9= @ Free
$DCR - Decred Daily Analysis - BittrexWe are finding ourselves in another support zone for Decred here. The issue i see as we have touched this zone a few times this week alone but the 10 day moving average has been a heavy line of resistance for Decred but as it slowly moves down into the support zone, this may act like a squeeze and either we will find support here and get a breakout above the 10 day or we will break through support and continue the trend. If support breaks, the next purple zone is the weekly support below. I am waiting to see if current support holds and we break above the 10 day before looking to make a purchase.
Decred is looking positive againCoin of the day is Decred
One of the few coins that have been drawing a bullish chart since the beginning of 2018. The reasons for such positive behavior are complex: the primary idea of Decred team – to fix the main governance problems of Bitcoin, trustworthy team and the promising roadmap, it's all matters.
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.
Technicals
Correction of the 0.015 high, which was reached on the 15th of July, seems to start turning around recently. After the breakthrough of the Bullish Resistance, DCR showed a sustained growth for the last three days, breaking above 0.001 level and 100-days EMA on the way. For now, the coin is trading on the 100-days EMA, and if the price manages to hold on above this level, we could see a further growth to the next resistance at the 0.012 level.
Decred VS Bitcoin Long Term Uptrend is ValidSince 8th of December 2017, Decred has established an uptrend, while price continues to produce higher highs and higher lows. On the 15th of June DCR/BTC reached the btc 0.015 level and then correction down started.
Decred approaching 76.4% Fibonacci retracement level, which could be the bottom of this corrective wave down. Since the uptrend is valid, buying opportunity has already presented itself, but at the same time DCR could go slightly lower.
While Decred stays above the btc 0.0084 support, uptrend will remain valid and the next wave up could bring the price up to the btc 0.032 resistance area, which is a potential 260% growth against the Bitcoin.
But break below the btc 0.0084 support might send price lower, towards btc 0.0056 area, and only then continue the uptrend. Only break and close below the btc 0.0056 support could invalidate long term uptrend, where range trading could start.
Decred Could Have Found The BottomToday Decred has rejected the $58.5 level, that is 261.8% Fibonacci retracement applied to the corrective wave up after the ascending channel breakout. Simultaneously, DCR/USD bounced off the 3/1 Gann Fan trendline which has acted as the support.
And finally, RSI formed a bullish divergence suggesting the potential trend reversal. If price stays above the $58 support it is very likely that the trend will change and Decred will eventually start producing higher highs.
At this point it is a very early stage of the trend reversal, which need more confirmations to say with confidence that the trend is now up. Therefore, it is important to watch for the $81 resistance level breakout as this could be a long waited trend reversal confirmation.
15 June -> Long on Decred (Day chart)If you look at every daily chart, you will see that almost every coin has a bullish pattern sign. This doesn’t really imply that the downtrend is over or that there will be an uptrend. We only know that the bulls are declining the downward trend.
So Decred has been making an amazing uptrend, despite that almost every coin went down. The bears tried to push the price down by two times, but meanwhile you see that the bulls are squeezing the bears into the corner. This will lead to a continuation pattern, which is the ascending triangle.
The setup for this trade will be:
- The stop loss will be the support line of 0.01436059
- Target could be 0.01771530, but anything can happen on this way, that’s why I am going to update this chart until I am taking out my position.
ALWAYS keep in mind! That this is NOT an investment advice, but an analysis . You can do whatever you want with this information, so trade at your own risks!
DCR/BTC (DCR token) Awe Inspiring Price Symmetry-Top Soon!DCR/BTC (Decred token) Daily bars, semi log scale, candlestick wicks removed.
5/21/18, 6:00 PM EST, by Michael Mansfield.
BOTTOM LINE:
Decred is approaching the confluence of numerous strong resistance lines and measured price move-price equality projections-for our first price target area. This looks like like Wave V of (III) or possibly Wave C high. See below for details.
WHAT IS THE DECRED TOKEN:
Decred (DCR) is an open-source blockchain based on an innovative consensus voting model that offers autonomy, scalability, modular code so its easily modified, and self-ruled where the Stakeholders make the rules.
AWESOME SYMMETRY:
Notice awe inspiring price symmetry of the past price swings lengths to subsequent price moves lengths, both up and down. Take the time to really study this chart!
PRICE TARGETS ARE: 0.001449, 0.0016650 and 0.001759
Price Target 1 = 0.001449: The current price swing labeled Wave 3 or C (no real preference yet) looks like it may top in line with multiple resistance points that also happen to be at two of the price levels suggested by a measure move from two vertical arrows that were cloned from the prior price waves then added March 29th low.
The first price target is also 1.3146 x “Wave A or Wave 1” up from the December low, then added to Wave B (or Wave 2) low in late March, 2018. How cool is that? Very cool!
Target 1 is also a Gann Fan 8:1 line (black dashed line) which tends to be super strong. If DCR breaks this resistance price, there is likely a much larger cycle still heading up that we cannot yet measure. And,
that likely means this is a Impulse Wave 3.
Price target 2 = 0.0016650, is 1.618 x Wave A or Wave 1.
Price target 3 = 0.001759, is based on largest vertical arrow cloned from the prior
price moves (same distance repeats) then added March 29th low.
CYCLES:
Two cycles are in the topping process between now and May 30th.
Blue cycle is major cycle and in phase thus far. It is in a topping phase, but as a longer-term cycle,
it has a wider window for the market crest, which, should be between today, Monday, 05/21th to 05/29th
next Wednesday. It’s
Red cycle was in phase until Nov. low, but has been out of phase with Drecred since then.
Dominant cycles almost always win, but we should add that the red cycle (been out of phase) does
top latter than the others, on June 19th, but that is not a strong consideration at this time.
Green cycle is in phase and peaks between 05/26th to 05/28th, with the center date of May 27th.
Since markets can top early (Left Translation) or late (Right Translation), it is possible that today was a top. The market did hit the 75% Andrews Pitchfork resistance line, and during the day the high almost
hit the GANN Fan 8:1 super resistance line, which, is also a measured move point, as shown by the
shorter green vertical arrow off the March 30th low.
SUMMARY:
Look for a top between today and May 30th, giving it an extra day. Use short-term intra-day charts to
find a tight exit point and perhaps a lower swing high to put on a light short trade once this degree of top
has been confirmed.
TRADER TIPS:
Look for repeating price swing lengths then add or subtract those measurements from major swing highs and lows for addition confidence of price targets. Especially when they line up with Gann, Andrews or Schiff lines.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Cheers and best wishes,
Michael Mansfield CIO
#DCRBTC #Decred strong against other cryptoassetswhile Bitcoin is consolidating and we wait for trend continuation up/down. At these levels, it's not the best risk-reward for a swing trade, but still a good option for a long-term investment that is position sized accordingly. For me, Decred is a long-term hold and add on consolidation - e.g., at ~30% discounted levels shown.
Near ATHs, Decred has remained generally strong with supply quickly bought up at these levels. Underlying fundamentals of the project are solid and Placeholder recently put out a nice perspective on their long-term investment thesis for the project here: www.placeholder.vc Worth reading through if you're going to stick it out for more than a trade.
Decred still swimming against the currentCoin of the day is Decred.
One of few gainers on today's stagnating market.
Despite that take-off from the 0.012 level, which we were waiting on 29 of May did not happen, the coin is staying in a bullish pattern, holding above the 0.012 level and gradually rises.
Exchanges started to add Decred pairs with USDT, which is a positive sign, as it will bring capitalization higher.
Decred is positioning 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.
June 1 – Upbit added DCRUSDT trading pair.
Techncals
Growing since the beginning of 2018, DCRBTC added in momentum after breaking Bearish Trend Line on 2018.05.10. Gradual rising after 0.012 level brought the pair above the 0.013 level. Movement is going on inside the triangular pattern, between established from 25.07 Bullish Trend Line and Bearish Trend Line starting from the peak on 23.05. Breakthrough of this line will wend the pair to test past high at 0.0145 and 0.015 resistance afterward. From the downside, 0.012 – 0.013 zone should play a supportive role.
$DCR - Decred Daily AnalysisDecred has been doing very well over the past few weeks, but we see ourselves in a price correction. We hope for support around the 20 period moving average which we are just above right now. Over the next 24 to 48 hours we hope the support holds and we continue the bullish trend. the Ac oscillator is still showing a heavy bearish trend, so if support does hold we will need to see the oscillator start moving back to the Zero line and wait for it to pass zero, then we will see a new continuation to the bullish trend.
If support at the 20 period moving average fails, the next line of support comes at 1102160 SATS for possible rebound.
Potential reversal on DecredDCR had a solid run, and a correction has been imminent. Aided by the sharp drop in BTC, Decred broke the first Fib level and dropped hard. It bounced twice off the 50 level when the RSI bottomed out, and a wedge with higher lows and lower highs has formed. One failed breakout attempt suggestions that the buy set up at the current price is aggressive. If the price breaks down, entries at the 61 or 75 level are good options. The second entry I provide here is at the 75, where a close stop can be entered, with a high profit potential. The exits from both set-ups should be partial, or should occur when prior high proves to be resistance. Re-enter on breakout.
Setting Fibonacci is difficult here, because DCR had two prior pump and dumps. I used the low point prior to resistance breaking (see orange line). The supports on several levels confirm this range.
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.
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: 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.**