district0x ( DNTBTC ) hasn’t given out any confirmed breakout signal yet, but I believe it can start waking up soon.
We shared a trade for DNTBTC back in October 2018 that is still active today, that trade managed only to hit 3 targets for a total of ~50% profits.
Now, after fulling retracing, I believe another wave is coming but this time stronger than the last one… Let’s see how that goes.
Looking at the chart above, there are several signals we can note. Let’s start with those:
First we have the strong support line, brown dotted line, and yellow circles. DNTBTC bounces each time this line is touched.
This altcoin can be traded with very low risk. Imagine putting a stop loss at 260 satoshis, buying around 333 and aiming to reach at least July 2018’s peak. That’s more than 3x (200% profits)… Let’s see how it goes in the next few weeks.
Buy in: Up to 0.00000320
Targets for distric0x ( DNTBTC ) by Alan Masters:
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.