Broke through the 50 MA and the structure. Let's see how high it flies.
DCR/BTC Finally Breaks Through Long-Term Down-Trendline! After breaking through the resistance, it seems we have made it into our new support by bouncing off it on the Daily chart. Considering all the news that is coming out for DCR (new DEX coming out, GUI for its privacy features, coming Coinbase listing, Lightning Network integration in the wallet, etc. etc.),...
declining volume weak bounce decred in capitulation until end of year.
If history repeats itself, then growth will begin at the end of this year. The growth target of 0.04 BTC is quite real. After halving, bitcoin will magnetize most of the investment, as it was in 2016. Notice how accelerated the decline of DCR in the last months of 2016. Perhaps this will happen again.
Bull Divergence & RSI Oversold spotted on Decred 4h candle Target until RSI overbought
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...
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...
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...
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.
$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...
Decred; i think bullish trend is soon.. break a leg&good luck!
Decred (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...
Technical analysis: . DECRED/USDollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. .The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There...
Technical analysis: . DECRED/USDollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. .The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There...