District0x TURNING POINTToday we are longing DNT/BTC on bittrex at 1000 sats.
Price is approaching a major long term uptrend line that has shown its strong support many times. This is where we will be buying.
Compared to historical buy volume, there has been a poor display of bear selling in this bleed out, with volume currently at its lowest, showing the bears are going back into their caves, with the bulls ready to reign again and breakout volume.
Entry: 1000
T.P 1: 1500
T.P 2: 3000 (ATH)
S.L: 890
District0x
District0x Showing Signs of TurnaroundDistrict0x (DNT) is showing signs of its retrace against btc slowing and switching directions. Volume has decreased pending a directional decision and will increase greatly once the move is decided. The price is currently indisputably supported by a long term trend line that has proved its strength repeatedly. Furthermore, coinciding with this trend line is the past ATH marked by the 100% fib line. Target is the recently formed downtrend line at 2300 sats, coinciding with the 1.618 fib line.
Entry: 1515 sats
Target: 2300 sats
Stop Loss: 1440 sats (break of uptrend line and local lows)
DNTBTC - Next impulseWave analysis showing what next impulse may look like. Appears to be finishing ABC and beginning to test support.
District0x - 133% Possible GainGuys I'm seeing so much opportunity in the smaller market cap coins here. We just have to be patient.
We want this to stay along this trend line as we go through this consolidation phase.
I'm going to use this sloping growth rate for our second target, each wave is growing at a linear rate, which calls for exponential growth. Target 3 is possible if we continue to stay on this peak trend line (which is very possible).
If you zoom out, we have a very nice cup, we are currently working on the handle.
Out of all these more recent trades, this may be my 2nd or 3rd favorite (Behind GEO -1.43% -1.43% -1.43% and Civic).
Entry: Below 2016 Sat
Stop Loss: 895
Target 1: 3458
Target 2: 4240
Target 3: 5018
Chance to gain (Target 2 - Base Case) - 133.83%
Chance to lose - 50.36% (lol I'm not losing 50%, I'll let you all know when I enter AND exit this trade)
RR: 2.66
Timeframe - About 2 weeks
I haven't said "Boom" in a long time. I need this market to start moving lol.
DNT - Breakout of Bullish PennantAfter a few days of consolidation $DNT (District0x) breaks upwards out of bullish pennant. It will come back down nicely to retest previous resistance and also find some support at the 50 hour MA. Look for more upside here.
* Arrow not indicating a target, but a general direction. Take profits as you please, as this is a long term hold for for me since ICO, and I believe there is much more to come from it in 2018!
Good luck everyone. Set stop losses unless you are a long term holder.
$DNT- District0x or District- Oh Shit? Here are some potential short term trades for those wanting to make some quick profit.
What we know and why:
It's on a bullish falling wedge (Basic Observation)
It's on a bull run- (MACD Cross Verification)
Its mad cheap to invest in. Less than a dollar
What we don't know:
The troughs between all of the rises
How high we should set the stop profit indicators.
TLDR;
Great investment for someone who wants to make short term gains . If it all goes to shit, you're a bag holder of a great coin that will for sure yield a great ROI.
Let me know what you think in the comments below!
Constructive criticism is PREFERRED.
Happy Trading
District0x (DNT) BreakoutI have watched many cryptos move after simple breakouts with higher volume. A technique that used to work on stocks many moons ago but has since stopped working due to all the bots and manipulation by the market makers. DNT is poised to move.
[Long]Buy opportunity for district0x (DNT)DNT just came down from a huge rally.
The coin is at its lowest point right now i don't see it going any lower then this and the STRONG support right now is 0.0000065.
Buy-in: 0.0000060 – 0.0000086
Targets:
0.0000099
0.0000130
0.0000170
0.0000200
0.0000260
NEW ATH
Please let this trade develop it might take a week or two!
Remember patience is the key!
District0x Regression Trend, Ichimoku cloud & CCI AnalysisI'm playing around with a DNT chart currently & noticed a regression trend. The one thing to be aware of here is the Ichimoku's tight Kijun & Tenkan-san.
The CCI is showing it's currently overbought (slightly) but the trend line is giving us plenty of room to play with. Approaching this 0.00000431 resistance level I believe we're going to see a breakout with the Running wedge.
District0x fueling upDistrict0x (DNT) has had a rough time the couple of weeks in colleration to Bitcoin Prices, but things are starting to look bright for DNT hodlers. In this bull market every bit of growth results in rocket fuel for massive gains. As we follow the Fibonacci Retracement we will face the following goals.
lvl 1. 500 Satoshis
lvl 2. 580 "
lvl 3. 640 "
lvl 4. 700 "
lvl 5. 775 "
lvl 6. 875 "
District0x (DNT) reversal - buying opportunityTA:
~ All time bottom has been hit around 350-400 levels
~ Daily TD Sequential hit a 9 at the bottom, which is a classic buy signal
~ RSI & MACD indicate a reversal in trend
~ Volume is building on the last hourly candles, indicating a breakout
FA:
~ Chronobank.io is planning to deploy the District0x infrastructure within their community
~ Ethlance is being ported to the District0x infrastructure
~ Development of the District0x environment will be sped up by releasing a new platform, Bounty0x, where a decentralized platform offers contribution to development through bounty rewards
TL;DR:
Several projects are expected to be completed & released by District0x throughout this month and with the market cap sitting at 16% of its all time high there is plenty of upside to be gained.
How to trade:
Buying below 450 levels is a good buy
Stop loss @ 370
Sell parts of your positions on the way up between target 1 & 2 as total volume is relatively low compared to larger coins