SUMMARY
District0x (DNT/USD) belongs to the Bullish Downward Pointing Symmetrical Triangle species as shown in below chart. This correction is either complete or will at any moment. Observe how close the price is to the apex, the point at which the two triangle lines intersect. This baby is going to explode up any moment and I've laid out the price pathway for a bullish run towards $0.323 or a MASSIVE 750% profit potential!
This chart of the DNT/BTC pair sports the same pattern species as the DNT/USD pair. Just beautiful! There could be one more lower dip but NOT required and this too, price could explode out of the triangle pattern at any moment.
Recall the popcorn analogy I gave in past blogs. There are three species of Altcoin chart patterns, the Bullish Downward Pointing Symmetrical Triangle, Cup & Handle and the Jaws of Wealth. These are going to start popping a few at a time in the beginning and then the poppling will become more and more crowded witht he sounds of MASSIVE profits being made.
Here again are the three Altcoin very BULLISH pattern species and in this background, Bitcoin will NOT top...not yet, not until the Altcoins have had their day on the stage.
Bullish Downward Pointing Symmetrical
Cup & Handle
JAWS of WEALTH
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Talk about hurry up and wait!
Another update on $DNT would be great please.
I second that!
Any update @haejin ?
I love your videos and you've inspired me to learn TA. You still think dnt and cvc can explode to massive profits?
Come on DNT, I have faith in you!!!! :-)
Shared
Just bought some! Let's see!
Thanks for your analysis!
Would it be possible to take a look at Omisego?
bought some too since it was a good financial advise lol
lol. Good Luck!
OMG looks ripe for a breakout. Good luck all!
Sames as prior analysis, no change:
https://steemit.com/bitcoin/@haejin/omg-analysis-oh-my-god-the-jaws-of-wealth-is-eating-omisego-target-usd32-300-profit-potential
Is LTC breaking out?
I love that species too. Small Holder of DNT , will be happy to see some action soon. Triangle looks pretty, she's gonna blow!
Looks amazing! Ty for the TA! Bougth some!
ok, time to test your tips...
been wondering about the accuracy of your projections for a while, and District 0x hit my radar last week as an interesting project I was considering investing in, so time to test this out... :-)
Please consider laddering in the entry as shown in this tutorial. https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder
Also please view the other tutorials linked at end of this blog.
can you please time frame? how much time will it require to reach peak
Well there isn't anything for certain but I'm assuming by the end of the year based off of the analysis, time in crypto sphere, the project, and how low DNT has fell from it's high considering how loved this was.
Thank you for this analysis.
Champion 🐅