DECRED Weekly Pennant Formation*Pennant Formation
*Fibonacci Time Retracement
Technical Analyses Chat Group
DCRBTC trade ideas
DCRBTC is LONG
DCR is ready for break out traingle
dcr is on the bullish channel long term and min term
target is 0.0173
DCR short term testWe can go very high from this point, but this analysis is to test the DCR price supression we're suffering . WE can see 0.01 from here.
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
Fill your bagsFundamentals are nice.
Dcr hit 160 yesterday to break down trend, I think with this little dip it's the perfect timing to get some more.
DCR/BTC Triangle pattern break out.It appears that it is bouncing off of this triangle pattern and testing resistance. There are two entries - entry 1 and entry 2.
The placement for entry one is at the support incase the price decides to be tricky before the potential break out.
Entry 2 is the text book entry - The break of resistance.
I take the idea of having a mental stop loss extremely serious.
DCR/BTCIt is possibly at its bottom. The Elliot wave count is at 4 right now while the stochastic gave a bullish signal.
DCRBTC incoming uptrendWe can see a head & shoulders pattern what usually means that an upward trend is ending but in in this case i believe it means the end of a downtrend. DCR has been going down for some days before it reached this pattern and its still going a bit downtrend. I believe that it will stagnate a bit but will be going up soon so its good for a long. I estimate +/- a month before it reaches 0.0150.
Feedback is always welcome! :)
Decred Hunt Volatility Funnel (HVF)?Volatility decreasing/squeezing for over a month. Symmetry looks good. Average true range at similar levels as just before previous major bout of volatility.
4.98 risk reward. Use proper position sizing!
Note that this is a fairly low liquidity coin.
DCRgo long in green box, targets in red box and price callouts. time catalysts denoted in pink. control stop loss via position size or cut at 750k satoshis.
DCR Long oppourtunityGood risk reward with all other alt coins pumping, DCRBTC has been left behind.
I have drawn a bearish ABCD pattern, we are at C now, so expect this to rise from here.
Will go long with tight stop.
Probably a new Island of stability for a whileI doubt it will drop a lot for the next days.It may even grow.
The Secret Decred Tunnels revealedok so they're glaringly obvious
clear upward trend maintained for well over a month. it is passing through the lower side of a resistence cloud so probably not getting to far from home tonight
