declining volume weak bounce decred in capitulation until end of year.
We have a wonderful situation, FINALLY, in DCR/BTC, it's highly likely it has bottomed (DOUBLE BOTTOM), and now is painting a monthly candle OUTSIDE of the triangle, signaling a potential bullish reversal, turning the long-term downtrend vs BTC around into the opposite direction. This could be a rare opportunity to enter into this coin which is quite fascinating...
Decred proving to be a poor store of value. Other alts looking much better vs bitcoin in comparison. Will be interesting where this one tries to find a bottom could drop 90% from here vs bitcoin.
The last DCR idea i posted here was a short pretty much from the target of this trade. It worked perfectly although it took 2 months to complete. With that said, this trade i am taking all the way back up. We are at monthly support here (yellow line) and i aim to take it back up to monthly resistance. A BIG 60% move. My SL is below the swing low (white...
It looks like DCR needs to make a double bottom before going to the moon
Cryptocurrency: Decred Circulating supply: 11 million coins Max supply: 21 million coins Sort of like it's big brother bitcoin 90 million daily volume 146 million market cap Current price: $12.81 All time high: $129.37 Squeeeeeeeezeeeeee itttttttttttt. Is the wedgie done and ready to snap? Btc pair shows a little bit more of downside to touch bottom...
On 19 Aug 2019 I shared a post where I have explained that priceline of Decred Decred (DCR) / Bitcoin is moving within a very big pennant since June 2017. Within the pennant the price action formed head & shoulder pattern and pushed the price action down to the support. In Aug 2019 after hitting the support of the pennant and bollinger bands the MACD was turning...
DCRBTC looks good at 2H timeframe chart. We can see a strong price action regularity. It formed a precise downward channel. At the chart you can see the price continuously touches upper and lower edges. Afterwards DCRBTC has a subsequent movement. Currently the price is located at the bottom of it and according to technical indicators is ready for an upward...
I love this project and hold as a hedge to Bitcoin but can't help but feel that we're going to break down versus Bitcoin soon. Descending wedge type pattern playing out. Let's see. Let me know what you think.
DCRBTC: Holding Demand Zone.
$DCR Broke above ~2250 sats level with increasing volume and now its retesting it for a potential R/S Flip UCTS Buy signal on the 1D & lower TFs OBV bullish divergence // Trying to cross ICHI if bounce happens, then a new leg up w/ target at ~2500/2900 sats may follow.. #DCR
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...
The repression of DCR's break out will soon subside. - We note two large daily wicks towards ~23.875 - Liquidity on the books will soon be unable to hold. As a result we begin to see large daily wicks as the sell side is lifted without liquidity to back the price stall. - With over 50% of the circulation locked up in staking, the upside pressure will soon take...