Once again the same classic crypto story being told here. DCR was praised by many, including Charlie Lee as being the Golden child of crypto with its "governance". The market doesn't care, it just wants to make money and that can only happen with loss. DCR is bleeding out as people fight the trend, expect it to go into the prior consolidation belt, which once again is the 0.883 classic crypto retracement. These markets are just too predictable at this point...
So the 0.883 fib retracement is often the accumulation zone? or am i getting this wrong?
Papou
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@simo110j, yup. In long term timeframes most markets will always retrace to their 0.883 fib, if not full 100% or more. The 0.883 or under is where the accumulation battle begins.
simo110j
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@Papou, Interesting, this fact escaped me, will place buys at several coins 0.883 Retracement then, or am i misunderstanding? :-)
This should be the best place to Invest for maximum gains, yes?
mightytrader
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Charlie Lee is already a MULTI-MULTI-MULTI millionaire... So, he can afford to think about how special Decred is. For me... I just like when things PUMP $$$