DCRUSD trade ideas
$200 Decred in 2018?PoW/PoS Hybrid, Staking means Restricted Supply, Weekly Close above 61.8 Fib. retracement ~$92 would be a good buy entry
Fractal forming at 38.2 Fib. retracement
Decred From $110 To $220?Following the previous idea on Decred , it has broken above the resistance at $110, and this price currently acting as a support level. It could be a good starting point for the uptrend continuation where price could grow from the current $110 up to the $222.
At $222 there is a strong resistance confirmed by the 727.2% Fibonacci retracement level applied to the last strong corrective move down, that lasted from June until July. At the same time, $166 resistance level should be watched as the rejection of it could result in consolidation. All in all DCR/USD looks extremely bullish where uptrend is likely to continue. Only a break below the $53 support could invalidate bullish outlook.
DCR will have a better perfonace in 2018DCR will have a better perfonace in 2018: Trançando um canal de Fibonacci caso nao rompa a mm100 e mm200 do diário podemos pensar em um alvo de 70%.
Decred Time For CorrectionFollowing the previous idea on Decred , it has reached the upside target at $117 and as expected tripled in value. But now as the resistance is being rejected DCR/USD could start a consolidation period or even start a strong correction down.
The $117 level should be watched closely, while it is being respected by the market, the downside pressure will remain very high and Decred could correct down towards one of the Fibonacci retracement levels.
Therefore, at this point, buying Decred could prove to be extremely risky, unless the resistance is broken. Wait and see approach could be the most appropriate.
the Decred Digesttwitter.com
Lightning Networ
Politeia: Decred Proposals in a Timestamped Filesystem
Enhanced Privacy
Hardware Wallet
Mobile Wallet
Atomic Swap DEX
Payment integrations
ASICs
The Decred DAO
Decred - DCR - Adding to the PortfolioOk after just posting the be patient let the market do its thing article, here I am buying DCR'. First I love the chart, of all the coins I looked at in trying to figure which ones would make coinbase this is one of the best ones period! Wonderful up trend period! Now this is still and early wave count so we will need to see how things evolve but I like it here for a target of $130.
This is purely an "add to coinbase" play that after speaking with a code writer after the show yesterday, he informed me this was one of his favorite coins. Well seeing he was the creator of Marscoin how the hell could I disagree? Ok Decred' is not looking to propagate planets, but when reading the white paper, it might have been the basis for coinbase's "requirements". So I want in.
To make this short and sweet, I understand clearly I am buying at a high point and this is a risky move by all means. So this may not be for everyone out there, but I have a plan and strategy so this is not a blind buy here.
I am adding a small position here and will look to add to the position on any pullback. I will also look to add a trade onto this position for the target of 3. This will help reduce overall costs.
Now I like wave ii where I have it and wave iii can never be the shortest wave. However with cryptos wave v's are often the longest. So though I expect a pullback at around $100-$110 I will not count on it due to the count not being clear. Ok say that 5x's fast. But for clarity purposes and not to get into a bunch of fractals I am leaving it like this for now and will update as we go.
Bottom line:
1) Decred' appears to meet the intent of coinbase's white paper.
2) My buddy said he likes the code and intent of decentralization and he has only picked winners
3) The chart is as bullish as it gets
4) I want exposure but I understand we could get a pullback and I'm investing knowing this so this is 1/3 of a total position
5) The count is not clear but it should become clearer as we move ahead
I understand the risks and I am willing to buy here regardless to get exposure to this coin. It does not meet what I normally consider "investible" but as I have always said, its not what I think its what the market does, and the market clearly loves DCR'!
Decred - wave updateDecred has made a stellar rise in 2017 , some 300 fold .
Looking for a more conservative (multiple) further rise is price .
Entry closer to mean of $ 70 . Target the 2.618 fib extension at $150 +
Stop below swing low of $36.
Risk reward 2.5 :)
DCR is in an uptrend!DCR is in an uptrend. BITTREX:DCRUSD
Cryptocurrency is in an uptrend.
Breakout is likely to the upside.
Decred could be going north?Downtrend breaking out after a long accumulation.
Lighting network on the way, AsicMiners on the way,...
Compared to XMR, DASH, LTC, this one has a low market cap
Decred Should More Than Triple In ValueOn the 25 of October, Decred finally managed to break above the triangle pattern, and at the same time went above the 200 Moving Average. This was the first sign of a potential beginning of a long-term uptrend continuation.
After the breakout, it corrected down and rejected the uptrend trendline two times, after which it went above both the downtrend trendline and the 200 MA. Today it broke above the previous resistance at $37 and this is the second sign of an emerging wave up.
There is only one price target where two Fibonacci retracement levels meet at the same spot. 261.8% and 661.8% levels are exactly at the same price, at $116. This appears to be a key resistance and a potential upside target for DCR/USD. If it will be reached, Decred would more than triple in value, while moving from the current price $37.
At this point only break below the $20 psychological support could invalidate this outlook, but at currently, the rend is very bullish.
DCRUSDDCR has quietly Tagged along with bitcoins parabolic gains After a bullish consolidation period of higher highs and lower lows this bull run lays the path for a clear route upwards chasing up the market capitalization list in my personal opinion providing the following factors are met:
The Pre sale of ASIC Mining rigs to pre order customers do not require a re spin prior to dispatch & Provide to be profitable during the pre mine period
Lightning network support will be progressed in Q1 To provide Means of use for newcomers to cryptocurrency
As a Project DCR Has a good ethos surrounding consensus being given to community users not mining corporations. Also Their interaction with the community is positive and consistent which is Good to follow if you believe in the project. lets hope to see more vendors and exchanges accepting DCR in 2018 and the Bulls favour the Bears In this USD pair. Going Long on this one and buying the Dips, Keeping an eye on the weekly RSI.
Happy Hodling
ver dick decredi see hat the decred had achieve 180% wihin a month.
price is very very reffeclive in crypto currency o FA.
better watchout
and my analysis study only.
this is my study purpose only.
DCRUSD $72+? Elliot Wave AnalysisMy thesis on why DCR will hit $72 and is in an excellent spot to enter currently:
-Trading at the bottom of the support of the wave 4 triangle
-5 ABC patterns already completed (drawn on 15m candles)
-Still well above the cloud on 2h and 1d timeframes, currently at near the bottom of the support of the cloud on 1h making it an excellent entry
-Conversion-line still above base-line on 2h and 1d candles
-Cloud green on 1h, 2h, and 1d candles
-Substantial P/L ratio, even with minimum PT of 1.618 extensions of W1-2. If it reaches the stop loss, then the trade is complete void, and the waves invalidated. In other words, a 5:1+ P/L ratio for the worst good scenario and the worst, worst case scenario.
-This Elliot wave analysis comes after a breakout of a considerable consolidation phase showing that it isn't just a fluke
Please leave any feedback in the comments below. I have been unable to respond to comments recently, so if you have a question feel free to PM me. I am trying some new changes to my strategy in hopes of better success.
