DCR gonna do it again?DCR looks to be making another big move up. There was no big selling after the recent move. MACD trending like the last big move. Falling wedge like last time. I decided to try out fib time extensions, even those line up well.
Side note, I tried the fib time extensions out a little bit on this chart - they seem to work very well in backtesting.
Market insights
Decred Long; Inflated Bitcoin price, strong support levelLooking for a double bottom here at .0015. Hoping for a bounce up to .002 or higher!
DCR fib time zones I found a set of points for the fib time zones that are more correct IMO. I like these a lot.
Lining up with ichimoku on 4H. Looks really good. Wouldn't be surprised if they fake us out like they did last time, so keep that in mind. Decred should see some volume this coming week.
Decred Inverse Head & Shoulder $DCR $BTCAfter breaking out of a long term downtrend (since launch) in late Jan 2017, we made a local high at 0.00339911 and been bleeding out since.
Inverse H&S forming here with the neckline resistance at 0.0021. Breaking above with good volume will confirm the reversal. If volume is significant, we can see this lead to a quick continuation of the bull trend with new highs, otherwise lead to further consolidation within structure before any major move.
Long if it breaks above iHS neckline.
DeCred WavesThere is a lot of progress in this project.
Buying Decred on dips and/or breakout.
DCRBTC has a unique mix of Proof-of-Work and Proof-of-Stake.
Proof-of-Work miners mine the blocks and POS-stakers vote if the block is accepted. This way miners have less power over the network.
On btcusd and ltcusd Proof-of-Work miners decide if they approve segwit, on decred POS-stakers could help to reject non segwit blocks from POW miners and force them to upgrade.
thats a nice governance approach.
While btcusd and ltcusd are struggling to find consensus DCRBTC could profit and keep rising.
decred leg upHi, i have not traded alot of alt-coins. But i got this idea because someone mentioned decred in chat so i decided to check it out. Perhaps Decred will take another leg up.
DCR Buy Signal - Round 2?MACD is giving a buy signal on 4H as DCR moves to the top of wedge. BBANDS are tight, especially on 2H. Could be a big move incoming.
If it breaks 110, next targets are 135, 160, 190.
Decred: The Sleeping GiantDecred is a hidden gem that few people know about and ever fewer understand. Founded by Company0 (the btcsuite developers who are well respected in the bitcoin space), Decred seeks to solve many of the issues the bitcoin blockchain is currently facing, such as consensus and governance.
Decred has a unique codebase, written from scratch in Golang.
Decred is a Decentralized Autonomous Organization with self funding and governance built directly into its blockchain.
Currently, Decred has a very small market cap. It was randomly added to Poloniex in early 2016 and never saw a traditional entrance pump/dump.
If one looks at the 3D chart, they will notice a bullish engulfing candle with significant volume. The volume profile also indicates accumulation in this area.
My pump doctor indicator:
shows growing bullish divergence and is almost to the point where it crosses the zero line (for the first time in a very long time). This is a strong altcoin buy signal.
These guys push updates to github literally every day and have for the last year.
If one is interested in getting in on the ground floor or learning more about the project:
decred.slack.com
bitcointalk.org
dcrstats.com
forum.decred.org
github.com
www.triponoid.com
securityintelligence.com
www.youtube.com
If you have any questions, feel free to join slack or ask them here. Happy trading!
MY BAD FOR MISSING DCR/BTC (DECRED) - 24h Volume @ 37.285 BTCI missed this one. Those who may want to get involved with this one keep an eye on it. I personally am waiting to get in on this one. Too risky to go long now in my opinion. I'm waiting for a Second Test before considering jumping in.
Happy Trading...
Forgot to show where PS is located in my opinion.
The DECRED - https://www.decred.org - POS?Anyone know about Decred?
Do we think Proof of Stake is better than Proof of Work ?
Decred the sleeper4H bbands tight, may see a move start soon. I'm leaning toward up, but still plenty of sell pressure at each move. RSI and vol increasing steadily.
Ive got a bag of these, only reason id sell is to get on faster moves that may come like maid/fct/etc, then go back to sideways/sleepers like dcr/doge/ppc (all of which remind me of coins like xmr about 2 months back). I'm generally an accumulator and then buy more on breakup, or sell on new lower breaks. Important to use stops, even on spot trades, I only trade spot, either in alts or btcusd.
Decred has been lonelyHasnt moved much after being placed on polo. The valuation given was around 0.49 USD per DCR around when BTC was 450 or so.
Now its about 1.66 USD (0.0026*640USD).
0.0069 was the top on trex,
