If DCR bottomed out at 0.0015, and breaks out of the falling wedge as it approaches ~0.00175, then it's a great buying opportunity either for a long term position up to ~0.004 or a short term take profit at ~0.002
Moreover, with Decred's privacy features, Politeia GUI update, and potential Coinbase listing soon, this coin is primed for major reversal based on...
The KC was perforated by a violent move, the old resistance of the downward channel seems to have become support.
Given that the new Privacy features have just been released and given the increase presence on social media etc., I would advise all to keep an eye on this one.
DCR released its PRIVACY recently: twitter.com
Which is major news, it means that ZCash and Monero have a new competitor now.
But unlike Monero/ZCash, DCR also has proper decentralized stakeholder-ran governance.
They are using the stakeholder governance to elect a Market Maker now which could solve...
Looking at the long term log chart for Decred/BTC, what do we see?
We see that we're now touching a line that has been touched 4 times now, so it has a strong "magnetic pull" both + and -, we're bouncing off of that line now
We see that if now is the time of reversal, a possible target before retracement is the previous ~0.018 BTC ATH
There's an intersection of the downward channel of the log chart of total crypto market cap (colored RED), and the long term up trendline (colored GREEN) , should be before 24th March
Before then I expect a violent move.
It's very hard to give preference to one or the other at this point. All we can say for certain is that it will be a big move. I'd say a...
We broke through the down trendline within the channel, which could mean we will be visiting the resistance at ~130B, that's an important one as it's the upper limit of the channel of the long term log downtrend we find outselves into
Zoom out to the Daily for more context
I'm no pro, just an amateur observing... I hope you find this useful. I've been in crypto...
The total crypto market cap would have to cross the 120+ billion level. That number lowers with time, as the log down trendline advances into lower numbers (so, for instance, if it were to happen now, it would have to be 130 billion; if it happened in April, 120 billion would suffice to break that line): this is why time is so important. Time is as important as...
The long term bear trendline has been touched 6 times now. It's true that for such large price differentials it's better to look at the log scale, but nevertheless, this could be at least psychologically important.
The triangle withing the dawnward wedge is approaching and end so we should see a decisive move soon if this is significant as was assumed.