HiTech
Giá lên

Decred / Bitcoin At The Very Bottom?

POLONIEX:DCRBTC   Decred / Bitcoin
During the past few weeks, Decred lost to bitcoin             almost 60% while moving from btc             0.007 down to the current low at btc              0.0028. A very sharp decline was stopped at the 88.6% Fibonacci retracement level applied through the all-time high and all-time low.

At the same time, DCR/BTC tested the lower trendline of the descending channel for the second time and these facts could indicate that Decred is either at the bottom or very close to it. The possibility of more decline remains, but if this will be the case decline should not be dramatic.

Overall, there is the support around btc              0.003 psychological round number and the trend reversal could be on its way. Its rather early to say that with the confidence, but for those who like risk, the opportunity might be there already. DCR/BTC first strong resistance is at btc              0.006, second btc              0.007, and if 61.8% Fibonacci level is broken more growth could be expected.
Bình luận: Decred holding the support, could be the beginning of the uptrend... let's watch and see
Bình luận: Looks like the uptrend started
Bình luận: Price still relatively cheap
Bình luận: First resistance reached
Đóng lệnh: đạt mục tiêu
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Great analysis. The volume for decred seems quite low - do you have any opinion on that in general / im learning ?
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noideaihave noideaihave
@noideaihave, Also, is the overall channel down? So we sell now at resistance or at .0072? and buy back later or it creates a new channel?
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You are doing great on this one @HiTech! Keep with the good work!
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HiTech pieroimparato
@pieroimparato, thanks, trying...
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you are really excited despite the dips of most altcoins...
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HiTech Spaceballs
@Spaceballs, should i be not?
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@HiTech, but btc was going down with altcoins, now its going up to ~23k. not sure if altcoins will follow.
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HiTech Spaceballs
@Spaceballs, if you are not sure don't trade, besides, how can you ever be sure when trading....
+1 Phản hồi
never call a bottom or a top
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HiTech sjesul
@sjesul, thank you for your suggestion :)
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