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.
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, Very good signals. The Way for the profit is ready_
MACD_ Ok
BOLLINGER BAND_ Ok.
STOCHASTIC RSI_ Ok.
Test of the support_Ok
The test of the support is confirmed.
Now we can wait a good time for the next bullish
Buy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot...
Potential adam & eve double bottom. Crossing the pink line (top of the adam) confirms a & e double bottom. Would be a long term trade and require positive market sentiment for 4-6 consecutive weeks overall. But it's a good project so maybe it can.
![DCRBTC: Decred [2016 ATH Range Accumulation]](https://s3.tradingview.com/t/TN8ZqwkF_mid.png "Decred [2016 ATH Range Accumulation]")
