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.**