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Decred

Decred - Ready to move?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
Long
by soma221
7
Decred is just getting started.DCR has been repeating the same pattern since it's early-January pump...so predictable it's not even funny. First two pumps were up 200% and the last one was up around 600%. We're nearing the end of a long consolidation phase...but consider this: DCR Current supply: ~ 5,800,000 Total coins locked up for developers (not on market until next year I think): 800,000 Total coins locked up in staking: 2,070,000 Current available supply to markets: 2,930,000 Total market cap on coinmarketcap.com: $121,307,000 You're welcome to double check these numbers, this was pretty close I think. Decred is still VERY young compared to other projects, it's sitting at #29 most valued when it should be in the top 10 EEEAAASSYY. It has the unique feature of governance baked into the protocol, no other coin can do that ATM. Great dev team, growing community, Exodus wallet soon, first mainnet hard fork and voting complete soon, Lightning Network integration soon. There's also a guy named @dangermouse117 who is one of the brightest analysts in the cryptocurrency space, and he has said this is one of three coins that he hodls. He also believes projects with governance at the protocol level will be the ones that last the longest. Point is...we're in another low supply, bullish as fuck flag scenario just like the last three pumps. Bitcoin is likely to dip soon. Decred is here to fucking stay. I'm not selling until .06. That's about $150 and would put Decred at a $750 million valuation. If Dash can do that, the piece of shitcoin, going nowhere project that's about to be kicked to the curb with Lightning Network on LTC, with masternodes that lock up the supply...then this should be no problem. TARGET 0.06 This is my first chart, and I have no idea how to use the commands correctly. Please be nice. Any polite but constructive criticism on how to improve would be much appreciated.
Long
by mychartslie
6
DCR long opportunity, another leg up after consolidation?Hey folks, has been a while since I last posted an idea. Really missed the charting and trading, but I had to take a step back and analyse why I made so many mistakes and expensive FOMO trades. So here I am again, this time with DCRBTC . It already had quite a run and has been consolidating for a while, looks like we are ready for another leg up. A big triangle has formed and we have found great support at the 0.618 retracement level. There are two ways to enter the trade: a) play safe and wait for the triangle breakout (buy @ 0.01146) or b) be more aggressive and buy once price bounces of the 0.618 support level or that green trend line (in the area of 0.0086). Possible targets are: 0.02170 and if we make it past that 0.02887. Thus far for the technical viewpoint. With so many useless shitcoins that have hugely inflated market caps out there (yea I'm looking at you, DASH) it makes sense to check out the fundamentals behind a potential trade, especially if you're looking at it from a longterm investment perspective. Decred has a nice and shiny homepage with great visuals, thats quite important imo. It's not enough to only have a great product, you need to know how to sell it and who wants to buy into something that looks like shit. As for the technical details, DCR runs a PoW and PoS hybrid consensus mechanism, which aims to spread the power over the protocol across miners and users. The recent BTC blocksize scaling debate highlights how important it is to have a balanced system of governance over the chain. DCR looks strong and has big potential on that front. Checking out the 2017 roadmap (blog.decred.org), you'll find a few other things that sound great: integration of systems for hard fork voting and a public change proposals lightning network support better cross-platform GUI wallets more public presence at events lightning network support enhanced privacy features implementing payment support by approaching merchants and vendors If you're more like a short attention span type, here's DCR in short presented by a very good looking young lady ;) www.youtube.com
Long
by ntron
9
DCR: HEX OR NOClearly we are seeing here a strong classic cubic growth attempting to transition into hexagonal matrix here. Makes sense - Decred's technological superiorness is fitting to the most optimal geometric structure - but does it have what it takes to transform into the hex? I'm not so sure just yet. Today DCR release v1.0. Lots of tech stuff coming out that are enough to give any crypto addict middle of the night blanket lifting wood. Hard fork voting. Boom. A stakeholder-directed DAO. Boom. Decentralized control of development funds. Boom. Okay, I'm just copying and pasting now, but you get the idea. Great tech stuff. You can read their media which all their holders are going to do whatever they can to make sure you hear about it today. The question I ask is: so what? What's the story? What's the thing I can get behind and feel some connection to? I got technology saturation going on in my world. Tech everywhere. Updates throwing themselves at me at every corner I turn. So what? Fundamentally and technologically, DCR has those things mastered and that is great. But culturally? Emotionally? I need to hear much more than just some ambition and willingness to do anything to be a top 5 coin. You guys want to be rich? How inspiring, where do I sign? As you can see, there's a dark shadow there looming behind the first cube. Then above there is a hexagonal opening. All the people attached to DCR hope it will go to the next level and upgrade to hex growth, but I don't see that happening. Rolling out new tech advances constantly is wearing very thin and the competition at the top is strong. You think they are there just because of tech? Great tech is maybe 1/3rd of the battle. Litecoin doesn't need to be better tech to continue dominating something like Decred because it has a story. It's little brother. It's the silver to the gold. Human, relatable stuff. The big wave of mass adoption is coming - if your features list requires you to be born inside the internet and up to date with inner workings of PoS and Hardforking and whatever other things you come up with designed to give the 1% of the 1% of the elite developers community wood, you're going to struggle to be in top 50, let alone top 5. Maybe go long, but I wouldn't expect more than cubic channel continuing until the next time a swarm forms. Personally, for now I'm sitting this one out. But I was asked to chart this by someone from Decred so that's it from me.
Long
by hanzeholdinworth
16
Decred above solid support chance to go higher This Idea is related to the previous one which is linked. Pair managed to go above psychological level and established nice support there ( doji candle marked with orange tick). I placed on the chart trend line (red) and brown where pair will find strong resistance. In My opinion next level is 0.01776000 and then probably 0.020000. 200 Ema should help ascend. There is still a small chance that the pair will go beyond the psychological level 10k just to go back on track.
Long
by Krystiannwk
Bullish Engulfing in Decred 1DMany People are In Limbo Right Now in Decred and Have Asked Me to Publish My Idea About It. I don't know Anything About this Instrument so I Can be Totally Wrong. Bullish Scenario Signs: Significant Bullish Engulfing with PullBack Above the Broken Trend Line are Bullish Signs But Needs Daily Close for the Confirmation, if Daily Closes Above the Trend Line it Will Go Up At least in Short Term, Otherwise it will fall to the Lower Red Line. My View: Short Term Long, Long Term Will Be Decided
Long
by TheRealJohnConnor
Decred important level to watchJudging by the look of the chart it seems like that Decred had its moment. This is what I thought when price of BTC was 30 dollars and then it moved to over 100. I don't really know what moved price of the DCR so high. It is still probable that it will move higher but from my experience there is more chance that it will move south. GAP( two black parallel lines) consolidated with psychological level at 0.0100000 level. This area should create strong support/resistance which in my opinion will most likely stop further gains and it will push pair south towards .05000 or even 0.03000 area. It is possible that pair will move above that level and then will established strong support which will sustain further gains.
by Krystiannwk
2
Decred Inverse Head & Shoulder $DCR $BTCAfter breaking out of a long term downtrend (since launch) in late Jan 2017, we made a local high at 0.00339911 and been bleeding out since. Inverse H&S forming here with the neckline resistance at 0.0021. Breaking above with good volume will confirm the reversal. If volume is significant, we can see this lead to a quick continuation of the bull trend with new highs, otherwise lead to further consolidation within structure before any major move. Long if it breaks above iHS neckline.
Long
by onemanatatime
Decred the sleeper4H bbands tight, may see a move start soon. I'm leaning toward up, but still plenty of sell pressure at each move. RSI and vol increasing steadily. Ive got a bag of these, only reason id sell is to get on faster moves that may come like maid/fct/etc, then go back to sideways/sleepers like dcr/doge/ppc (all of which remind me of coins like xmr about 2 months back). I'm generally an accumulator and then buy more on breakup, or sell on new lower breaks. Important to use stops, even on spot trades, I only trade spot, either in alts or btcusd.
by Noobincrypt