DOT weekly dip bounce up analysis. ALTcoins market over yet?Weekly dip just like a clock.
I feel like we are in the BUBBLIN phase for altcoins, most charts are seeing x3 - x20 across boards, so beware this will not continue for a long time now.
Expect BTC to bounce up from weekly support and ALTs will follow. Possible retrace for DOT here.
Check both RSI and Volume movements.
IF BTC will continue to fall and we will not see RSI pump, altcoin market will see red and we might hit hard support at 12,5.
We observe.
We make plans.
We take profit.
And then we wait.
Patience is the key.
DOTBTC
DOT Trading StrategyI am following a similar strategy on DOT as on AVAX. We are looking to buy
back in at significant FIB levels.
The 0.000407 to 0.000408 level is a clear level of support. It is a breakout point
of the last run up, it is the 0.382 on the fib level of the entire move, and
it is the 0.5 level of the last uptrend several months ago. It was clearly
traded off of back then, and there are still probably people trading off of it.
And since the 0.236 (0.000454 level) of the last move was not clear support, it gives
the 0.382 a high chance of being support.
DOTBTC Classical Falling Wedge BreakoutPolkadot gives us ability to do cross-blockchain transfers of any type of data or asset. I've been closely following this project for sometime and I believe this is going to be an amazing solution for everyone in the crypto sphere.
You can see the classical technical falling wedge breakout with a very clear volume confirmation in my chart.
This is my first post in TradingView. Please follow me & stay tuned for future posts as well.
Best!
@DeeSachith
Polkadot (DOTBTC) at Support, Will see Upward RallyPolkadot is one of the most hyped DeFi coins. Polkadot creating a new ecosystem just like Ethereum did back in 2016-2017. Many new projects and DEx already migrating to Polkadot. DOT is a good coin to hold for 2021 and we see a major rally in DOT. Don't miss it out.
Buy Zone: 23800-24200 (Add more in Dips)
Target: 26200-27800-29500-31500-33000-36000-39500
Polkadot Mainnet launch runJust an idea, mainnet is planned for February/March.
Chart VS BTC looks very unhappy now but could turn around fast.
Chart VS USDT looks more interesting, I can see a valid mid term cup 'n handle.
Blog item title: Bitcoin is Coming to Polkadot
Last time i did a early post like this was NEM:
No advice, DYOR and good luck
DOT/BTC Triangle formationDOT / BTC was already doing a good bullish according to the long term charts. Now we see a short-term triangle drawing. It can break the lower triangle and land on the support points. Or it can continue to complete the Triangle and observe a sharp up or down movement.
It is not investment advice. I just shared my opinion. THX
Polkadot Showing Strong SignsAfter a previous breakout from the downtrend, DOTBTC is now forming a wedge, despite BTC rising, support seems to hold on the lower part of the wedge. RSI is low and showing hidden bullish divergence. MACD is about to cross and go up.
An increase is likely, but don't forget to set a stop-loss.
DOT 100% gains - long term swing tradeThe white line indicates previous resistance. Price broke above and retested, so resistance has now turned to support.
There has been a large increase in volume.
EMAs have crossed confirming an uptrend.
This is a long term swing trade, it won't happen overnight. Take profits along the way.