[DCRBTC](246%) Decred PREMIUM Trade

17 Des 2019

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 consensus vote, which is emblematic of the project's emphasis on community-driven stakeholder governance. Other features of the project include a hybrid proof-of-work (PoW) proof-of-stake (PoS) consensus voting system, a public proposal platform, smart contracts, cross-chain atomic swaps, and cross-platform wallets.




Decred (DCRBTC) Chart Analysis

We are going to start with the weekly chart for Decred, take a look at a few of the signals and then move on to the daily...

Weekly:

• The purple arrow on the chart represents the bullish divergence between DCRBTC price action and the MACD indicator. We see the prices moving lower while the MACD is moving higher (the MACD is the blue line on the first indicator).
  
• The RSI hit an extremely low and recently had a strong bounce. Still weak but moving up. I consider 30 as oversold/weak on the weekly timeframe. So a very weak RSI after the strong divergence as seen above can be a buy signal.
  
• The MACD histogram is also starting to turn green.
  
• We have a full green candlestick this week. A weekly close is needed for confirmation.
  
• The volume profile indicator is showing that the momentum is towards the upside.
  
• Over 230% of profits potential based on Fib. targets.
  

Now let's take a look at the daily timeframe chart for DCRBTC:

• Here we have a broken downtrend line (red dotted).
  
• We can see big volume and EMA50 rejecting the growth. That's the level to break for DCRBTC to move higher (so you see a green arrow above it).
  
• There is a bullish divergence with the MACD.
  
• The RSI hit ~18 recently, very low, and is now strong/bullish above 50.
  
• DCRBTC is trading above EMA10 (green line) which tells us that it has bullish potential.
  

Let's get to the numbers.


Decred (DCRBTC) PREMIUM Trade

Buy-in: 0.001700 - 0.001950

Next support: 0.001550

Targets:

1) 0.002240 |Hit 3-Nov. (+18%)
2) 0.002440 |Hit 3-Nov. (+29%)
3) 0.002700 |Hit 11-Nov. (+43%)
4) 0.003050 | Hit 16-Nov. (+60%)
5) 0.003440
6) 0.004220
7) 0.004700
8) 0.005800
9) 0.006550

Profits potential: 246%
(Buy-in calculated at 0.001890)

Stop-loss: Close weekly below 0.001500

Capital allocation: <10%.


ADAPT AND ACCEPT TO CHANGE

Multiple realities can come at you at the same time on the same day.

It is hard to grasp,
It is hard to see,
It is hard to understand that the detox symptoms are the signal of imminent change.

You cannot see, you do not know so you don't understand.

And while you are there trying to figure it out, your body is already in the process of adapting and accepting the change.

As soon as your body starts to evolve, the rest will follow in a natural way.

So only if you upgrade your consciousness...

Change an idea about yourself.

The rest will just follow...

Go adapt and accept to be able to change.

Namaste.