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Who wants an on-chain update webinar for Decred next week?
Perhaps @PermabullNino can join in and we can run through some of our charts and see whats going on in the Decred chain.
@DecredAustralia shall we tee up something around this time next week?
Thread to keep you busy
Perhaps @PermabullNino can join in and we can run through some of our charts and see whats going on in the Decred chain.
@DecredAustralia shall we tee up something around this time next week?
Thread to keep you busy
1/
Starting simple with the 200-day Moving average and the Mayer Multiple.
$DCR Price broke above $14.71, retested then moved higher.
Chart below shows the Mayer Multiple bands. Percentages are the probability of price being higher based on historical data =short term targets.
Starting simple with the 200-day Moving average and the Mayer Multiple.
$DCR Price broke above $14.71, retested then moved higher.
Chart below shows the Mayer Multiple bands. Percentages are the probability of price being higher based on historical data =short term targets.
2/
Similar story with the Realised Price which is the aggregate cost basis of the Decred network. Each coin is valued at the time it last moved.
The Realised price is the strongest psychological resistance in a bear, but the ultimate support in a bull.
$17.16 and heading higher
Similar story with the Realised Price which is the aggregate cost basis of the Decred network. Each coin is valued at the time it last moved.
The Realised price is the strongest psychological resistance in a bear, but the ultimate support in a bull.
$17.16 and heading higher
3/
Now for the really fun stuff.
The Market-Realised Gradients. These measure the rate of change of price (market, fast) vs realised price (on-chain,slow).
It functions as a divergence and momentum oscillator
the 28-day is breaking higher after a multi-year compression squeeze
Now for the really fun stuff.
The Market-Realised Gradients. These measure the rate of change of price (market, fast) vs realised price (on-chain,slow).
It functions as a divergence and momentum oscillator
the 28-day is breaking higher after a multi-year compression squeeze
4/
Even the big boy, the 142-day macro momentum oscillator is breaking higher.
This is non trivial, pattern has serious weight behind it + shows over a 142-day period, DCR holders have been accumulating and staking hard
Breaking on huge on-chain volume too, 1.5 to 2.0M DCR/day!
Even the big boy, the 142-day macro momentum oscillator is breaking higher.
This is non trivial, pattern has serious weight behind it + shows over a 142-day period, DCR holders have been accumulating and staking hard
Breaking on huge on-chain volume too, 1.5 to 2.0M DCR/day!
5/
The HODLer conversion rate by @PermabullNino shows when ticket volume is dominating the block-space demand (i.e. HODLers > marginal when green).
It was starting to curl back but on this volume spike, tickets again dominate.
People are buying $DCR with Iron fists on volume.
The HODLer conversion rate by @PermabullNino shows when ticket volume is dominating the block-space demand (i.e. HODLers > marginal when green).
It was starting to curl back but on this volume spike, tickets again dominate.
People are buying $DCR with Iron fists on volume.
6/
Finally, we turn to our invaluable miners.
For the first time in years, they are earning more USD income than their 365-day average
Puell Multiple has been squeezing into a similar divergence for years and if this pattern holds the break higher, miners ease sell pressure
Finally, we turn to our invaluable miners.
For the first time in years, they are earning more USD income than their 365-day average
Puell Multiple has been squeezing into a similar divergence for years and if this pattern holds the break higher, miners ease sell pressure
7/7
Has been a while since we did an on-chain update as the bear market wore on.
This last rally feels different.
#Decred technology being issued in v1.6.0 Hidden Hydra is world class and unparalleled.
On-chain is the objective truth of a chain.
This time sure looks different
Has been a while since we did an on-chain update as the bear market wore on.
This last rally feels different.
#Decred technology being issued in v1.6.0 Hidden Hydra is world class and unparalleled.
On-chain is the objective truth of a chain.
This time sure looks different
