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DCRBTC trade ideas

DCRBTC Analysis BINANCE:DCRBTC Looks to have bottomed here. As long as this 1950 area holds on the daily I think this has some serious potential to reach a true wave 3 target. Above 2224 is a nice start I'd like to see. Some bearish div on the RSI daily suggests some more sideways or consolidation. A break above 2224 is what I really want to see to jump in, though I don't mind building a small position around CMP where we are. This is extremely speculative at this point, but with alts looking to run it's important to target the ones that are already in consolidation, not the ones that are up 70% in the last week. As always with alts - trade small. They are really volatile even when going up.
Long
by Cyrnix
2
Decred/BTC ratio, ready for decent spikeThis was request from a friend, so decided to update here Overall we appear to be posed for a decent hike, the correction has reached bottom of channel which also happened to be 0.618Fib of overall correction, a usual turning point for correction Bullish Bias: A large ABC correction is already done where A:C = 1:1 (Note the C?), ending near 0.618 and channel bottom. We are the beginning of new impulsive wave. We need to reach the channel top (T2) and breakout eventually to confirm that Bearish Bias: We have another downward leg (5th wave) to playout for the (c) wave. The current move is part of the 4th wave, which is expected o go to 05Fib or 0.618Fib because wave2 was shallow. This is also the median line of the red channel Either Bull or Bear LT, I expect a move up to the median line/0.618 - T1
Long
by imkeshav
2
[DCRBTC](246%) Decred PREMIUM TradeDecred (DCR) Overview Decred (DCR) is an open-source, Bitcoin fork that places emphasis on development funding, on-chain governance, and consensus mechanisms. Launched in Feb 2016 by the Bitcoin developers behind btcsuite (an alternative full-node Bitcoin implementation written in Go (golang), Decred successfully orchestrated an on-chain user-activated consensus vote, which is emblematic of the project's emphasis on community-driven stakeholder governance. Other features of the project include a hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system, a public proposal platform, smart contracts, cross-chain atomic swaps, and cross-platform wallets. Decred (DCRBTC) Chart Analysis We are going to start with the weekly chart for Decred, take a look at a few of the signals and then move on to the daily... Weekly: The purple arrow on the chart represents the bullish divergence between DCRBTC price action and the MACD indicator. We see the prices moving lower while the MACD is moving higher (the MACD is the blue line on the first indicator). The RSI hit an extremely low and recently had a strong bounce. Still weak but moving up. I consider 30 as oversold/weak on the weekly timeframe. So a very weak RSI after the strong divergence as seen above can be a buy signal. The MACD histogram is also starting to turn green. We have a full green candlestick this week. A weekly close is needed for confirmation. The volume profile indicator is showing that the momentum is towards the upside. Over 230% of profits potential based on Fib. targets. Now let's take a look at the daily timeframe chart for DCRBTC: Here we have a broken downtrend line (red dotted). We can see big volume and EMA50 rejecting the growth. That's the level to break for DCRBTC to move higher (so you see a green arrow above it). There is a bullish divergence with the MACD. The RSI hit ~18 recently, very low, and is now strong/bullish above 50. DCRBTC is trading above EMA10 (green line) which tells us that it has bullish potential. Let's get to the numbers. Decred (DCRBTC) PREMIUM Trade Buy-in: 0.001700 - 0.001950 Next support: 0.001550 Targets: 1) 0.002240 |Hit 3-Nov. (+18%) 2) 0.002440 |Hit 3-Nov. (+29%) 3) 0.002700 |Hit 11-Nov. (+43%) 4) 0.003050 | Hit 16-Nov. (+60%) 5) 0.003440 6) 0.004220 7) 0.004700 8) 0.005800 9) 0.006550 Profits potential: 246% (Buy-in calculated at 0.001890) Stop-loss: Close weekly below 0.001500 Capital allocation: <10%. ADAPT AND ACCEPT TO CHANGE Multiple realities can come at you at the same time on the same day. It is hard to grasp, It is hard to see, It is hard to understand that the detox symptoms are the signal of imminent change. You cannot see, you do not know so you don't understand. And while you are there trying to figure it out, your body is already in the process of adapting and accepting the change. As soon as your body starts to evolve, the rest will follow in a natural way. So only if you upgrade your consciousness... Change an idea about yourself. The rest will just follow... Go adapt and accept to be able to change. Namaste.
by AlanSantana
1
Decred (DCR): Bigger Move PossibleLooking at Decred (DCR), we have another fascinating chart in the alt space. DCRBTC could be in the early stages of a much more significant up move. We saw a presentation on Decred at the Austin Bitcoin conference. Decred has specific properties on its blockchain that make it appealing as a cryptocurrency. Decred is also a favorite of major hedge fund, Delphi Digital Looking at the chart, DCRBTC is pressing against horizontal resistance at 29. While we have to wait and see, we suspect Decred (DCR) has the power to through this level. If Decred (DCR) can get through this level, 44 would be next. Bottom Line: Barring a significant drop in the crypto markets as a whole, Decred (DCR) looks like a coin where you can buy dips.
Long
by tokenmetrics
2