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district0x / BTC

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DNTBTC trade ideas

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
Long
by FenixCapital
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)
Long
by FenixCapital
DNT - downwards channelAs can be seen on the chart, DNT is in a downwards channel, breaking through support and retracing up to the trendline. I have drawn a few possible scenarios where it could break upwards from the channel to the next resistance, or, what i believe is more likely considering the channel; it will break down on this support, and may rebound off the lower resistance turned support back up to the trend line. Have to wait and see with this one for confirmation of where it may go. Not getting much from the indicators atm.
by SJay17
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.
Long
by Elijah_Trading