DCRBTC trade ideas
DCRBTC Poloniex. Forming a resistance lineAccording to the news fund, this asset has the potential to continue to grow, but the market suffers a large correction, from which this line forms a resistance line. There are all chances to break this line, and continue the growth to the levels indicated on the chart
A nice hot cup of DCR - Long hold through Q4 2017DCR loves cup and handle pattern.
Watch this closely, next target 0.0125.
On non technical note - check roadmap and latest blog posts. DCR is ahead of the curve in many ways. A long hold through Q4 2017 will show great returns on this coin.
blog.decred.org
long on #1 coin in governance DCRAscending triangle - should be near the bottom of the channel depending on which one plays out : Higher lows + flat top. Had highest close today with H printing on volume for significant volume. Might get another low, might not, but I added to my long on the pullback after the high. Top of channel should be around $40 near S4 on monthly as ultimate target. This would be wave 5 as we already had 2 impulses up.
Fundamentals:
Market cap is only 87m for a very well respected proof of activity coin based on concept by litecoin lead dev - plenty of upward room left. Here the litoshi introducing them for their speech - www.youtube.com
I would estimate the ideal market cap for this coin at this point around 200-400 m if the next few major votes and forks the votes enforce on protocol level go off without a hitch
roadmap for this year is nuts: Lightning network + segwit, voting, staking, smart contracts, unknown privacy method (fingers crossed for mimblewimble) blog.decred.org
Tezos ICO and announcement of EOS this month as well as eth dev centralization issues and btc/ltc issues with miners is bringing attention to experimental governance coins, especially DCR I think, but also lesser known ones like bitshares/steem that innovated on the dpos scheme. However in no existing coins is the governance as built in to prevent lead developers from having too much power and going against community like with eth self-bailout disaster, but also to allow innovation to occur securely to avoid miners with too much power.
I used to hate lock up periods for any coins PoS staking, but after listening to interview with dan larimer he explained it's done that way to prevent people from buying tokens just to destroy a cryptocurrency, as they would have to stick around and suffer the consequences of their voting financially. 1 month or so lock up for voting tickets now seems more reasonable to me.
This is a very exciting project to me personally. Long term with well done governance and checks and balances, you can build enormous amount of complexity on a solid foundation like this.
DCR to the Moon - DECRED LongHello All,
Please see my chart, i got onto this one a bit late, but still lots of room to go up. The three TPs are marked clearly. DCR is about to get Anon transactions, LN and has already completed a successful atomic chain swap with litecoin (which they developed). Overall very bullish and a rare gem.
DCRBTC - Looking Really Good, All Time Highs possible.After snapping a 2 month down trend DCR seems to be grinding beautifully in the 0.0065 - 0.0085 Range - and I'll be accumulating between these prices.
TP1 - 0.0112
TP2 - 0.0151
TP3 - 0.0178
Fundamentally there is some really good news coming from DCR and I'll be looking at an ATH for the next move up.
Just my evaluation, DYOR and not investment advice.