DCRBTC trade ideas
DCR/BTCI've been preaching about Decred since I ran into it mid-2016.
By a landslide, it is the most promising project of this era. Whether it succeeds or not, time will decide.
During bear markets, better projects are less likely to be panic sold, thus, the knife stops falling sooner.
This project has shown great resilience to falling price thus far.
If you're just trading, it's a buy until reversal.
If you're an investor, it's a HODL for the next 3-5 years. I don't believe we'll see these kinds of USD prices ever again.
I said the same thing when it was $0.50. :D
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.
Symmetrical Triangle in DecredSymmetrical triangle are known cotinuation patterns anr rarely reversal so it could fall to the support or near 0.009255 then rebound if fails to test the support and rebound, then the next support is 0.007508 the end of the correction could be determined on the MACD divergence
CCI is oversold in the daily but MACD is correcting in the 4H
Either we drop 50% or roll to 1500% by the May 2019!At the current rate of growth, we could be seeing grand growth for this project.
We do have short term corrections, that are bound to happen here.
We are also in ascending wedge, with possible macro ascending triangle.
So now probably is not time to enter, maybe after small correction, but i don;t know all of the news, so we might have an actual break out.
Either way crazy that by mid 2018 this coin could cost $1500?
We could also drop 50% in value just as quick, if D is correct.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, please PM me.
Thank you,
Ajion
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
DECRED: NEW EXCHANGE LISTINGS - PROFIT = 14.07% PROFIT !!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 28th of April 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 14.07% 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.
May 16: Bittrex adds a new DCR/USDT trading pair.
May 24: Bleu adds DCR/USDT trading pair.
May 25: OmniTrade (Brazilian Exchange) adds a DCR/BRL trading pair.
May 31: News is released that states that companies are launching dedicated ASIC Miners for Decred.
May 31: Upbit (Korean Exchange) lists DCR/KRW and DCR/USD trading pairs.
The positive news (mainly driven by the increase in the number of exchange listings) combined with the uptrend in prices from the general crypto markets can explain the increase in price.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
DCR 1DPrice is in a steep ascending channel
Senkou span A is heading to senkou B. I would expect a twist in the kumo.
Although the stochastic RSI may be forming a double top we can say judging by the wicks at the bottom of the past few daily candles coupled with the twist on the kumo I would expect continued upward momentum at least until the .786 fib level.
Trend is 76 which is incredibly strong and the DIs are not curling inwards signalling any bearish movement.
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.
$dcr $zrx idea, dedicated to my new friend @cryptogainzlets do zrx now, as i think zrx will behave similar to dcr in past. also if it ded cats i expect most alts to as well. some will do much better than others, others will be meh and maybe just keep dying. look at zec, drgn, few more look like zrx, and dcr in past, xcp as well, straight free fall.
i see other alts that have bottomed a bit better.