Polkadot
✴️ Polkadot | The Beauty of TradingHere what's great about trading cryptocurrencies.
The beauty of trading in general... Endless opportunities.
If you miss one pair, one asset, crypto or stock... There is always another one and another one and another one.
It doesn't matter if you like to be LONG or SHORT, the market will provide opportunities always, in all timeframes you just have to do your job.
That's why my focus is 100% on studying and personal growth.
In order to be able to grow money, to make money "fast", I have to be able to make it slow and since opportunities are endless, I can take my time in preparation because when I am ready, the market will still be there waiting... Without the right preparation we make mistakes and these mistake will lead us to lose money instead of earn.
There can never be a hurry... If by any chance you have to hurry, you are desperate, you can take this as the strongest signal that you have to wait and can't trade.
I use this all the time.
If I want to do something and I get excited about it, that's the signal that I am not ready I need more time before I get this done.
It applies to trading... If you have to "run", "do it fast"... Then you might want to sit it out and see what happens... If you miss an opportunity no problem, endless opportunities are available within the financial markets and honestly all throughout this world.
Here is Polkadot (DOTUSDT), just today the downtrend is broken, which opens the door for additional growth.
So, if you missed one pair, here is another one.
Once we start looking at the smaller altcoins, pretty soon, we will find more and more and more and more...
If you feel you missed anything do not fret about it.
You can come right here to this very platform and visit my profile, you will find so many opportunities it will be hard to pick one.
We had plenty of time to prepare... But it is never too late to get started, whatever happened just adapt and change.
Namaste.
DOTUSD Broke above the 2 year Falling Wedge!Polkadot (DOTUSD) just broke above the Falling Wedge pattern that was in effect since early 2021. This 2-year pattern has been basically dictating the pace of the current Bear Cycle but as you see on this 1W chart, it eventually ran out of room, was trading tightly within its top (Lower Highs trend-line) and bottom (Lower Lows trend-line) in the past 2 months and eventually broke to the upside.
This alone is a major bullish development but we would like to see a closing above the 1D MA200 (orange trend-line) in order to confirm the end of the Bear Cycle. If broken, it will be the first time the price is above the 1D MA200 in more than a year (since January 05 2022). In that case, the Fibonacci retracement levels can be targeted in succession, with the 0.5 (Fib) at 15.50 estimated to get reached by August 2023.
A strong sign that shows that the market has priced its bottom is the 1W RSI, which has been flat on its Support since June 2022 and also broke above the Lower Highs trend-line that started all the way back to the February 2021 High.
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Polkadot: Lucky Day! 🍀The date may write Friday the 13th, but we're feeling pretty lucky. Polkadot continues to rise and should climb above the resistance line at $5.36 to finish the yellow wave i. After completion, the coin should fall into a correction and end the orange wave ii below the $5.36-mark.
Polkadot Black Friday- Everything is in graph.
- Weekly predominant bullish divergence on RSI.
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- i won't speak "Price to Buy", but WHEN to buy :
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- Buy a Dip and wait for the end of this triangle.
or
- Buy a Breakout from the same triangle.
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- Black Friday is Real.
Happy Tr4Ding !
Polkadot (DOT) formed Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Polkadot (DOT) with Bitcoin pair.
On a 4-hr time frame, DOT has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
An 3W swing trade scenario w/ FibonacciHi traders. I'm bringing in this weekly chart a simple draw of a smart money strategy based on the price action with Fibonacci Retracement 14.6% key level as a worth and effective take profit. I'm using a Ehler's smoothed stochastic to show a logical possible reversal wave to come in the 3W term.
DOT Zones: Falling Wedge Breakout Incoming? Here we are looking at DOTUSD on the Daily TF…
For this analysis, we will keep it brief as the chart here is very simple.
As you can see we are in a falling wedge which consists of downwards sloping resistance and a descending line of support. The descending line of support stretches all the way to the lows (at the time) made back in July of 2021. Every time DOT has tested this line, it has bounced (so far), but we will continue to monitor the charts as the space between support and resistance continue to squeeze closer.
What do you think DOTUSD will do next? Let me know in the comments!
Cheers!
PolkaDot | Heating up for Massive BREAKOUT..!!
#DOT is heating up for Massive Breakout 🔥
Forming Falling Wedge in Weekly timeframe Chart.
Seems like Bottomed out but not out of Woods yet.
Bulls need to Close the Weekly Candle above 4.90 to Confirm the Wedge Upside Breakout.
Looks Promising for Q1 2023, +300-380% Profit Potential in the Midterm.. ✍️
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
Support of buyersDOT posted a nice price increase last week. With the support of buyers, the price broke out of the narrow descending channel and continued to move up with a small pullback due to increased buying volume. Also, the resistance range that was considered at $4.51-$4.55 has become support with a strong bullish candle in the 4-hour timeframe, and a positive reaction has been seen twice in the pullback to this area. The point is that the ceiling formed in the $4.7 range can be considered a higher ceiling than the last ceiling in the downtrend. So, considering the higher price floors that have been formed, we expect Polkadot to see a strong positive reaction by hitting the support of the $4.50 range. If this happens, we can consider short-term price targets in the range of $4.979 and $5.408.
Accumulating XLM & DOT -Fractals show PROFITSHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
If I haven't already told you, Happy New Year 🥂
I'll be making a series of updates on Altcoins that have decent upside potential during 2023. I'll specifically select alts that are trading low or in accumulation zones and altcoins that are known to pump and dump independently of the overall market trend ( bearish or bullish ). It will be in your best interest to watch these alts, especially with talks of a recession on the rise. Good opportunities will be few and far apart, but you can still count on a few coins to rally during bear markets. Today's picks are XLMUSDT / Stellar and DOTUSDT / Polkadot .
Incase you missed yesterdays gems, XRP and LTC , find the analysis here : 👀
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DOT/USDT Good days are comingAs you see in this analysis, Polkadot will be one of the best profitable coins in the coming days.
The reasons are:
We have reached the monthly demand in control zone and we have pulled back to it for the first time (FTB).
We have reached the bottom of the downtrend weekly channel.
We saw the falling wedge pattern in the daily timeframe and its break out is imminent.
Polkadot - DOT lost important volume profile support at $4.60👀PolkaDot lost important volume profile support at $4.60👀
Next lower volume support at $3.90 - if it breaks a lack of volume will lead DOT to $3.15 - logFIB 78.60%
First bullish signs for DOT after breaking above $4.60 and logFIB golden pocket again.
Let me know your thoughts in the comments🤗
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Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
#Polkadot Sinks 24% as DOT on the Brink of Losing $4.2Past Performance of Polkadot
The Polkadot selloff of the last few weeks has seen the coin drop 24 percent from December highs. As it is, the downtrend remains visible, and sellers are in a commanding position. The primary support is at $4.2, and bulls need to reclaim $4.6 for uptrend continuation.
#Polkadot Technical Analysis
There are hints of strength, reading from the performance in the 4HR chart. With support at $4.2, DOT has been printing higher highs relative to the lower BB. Despite this expansion, trading volumes are low, and the uptrend is slower than expected. Besides, since DOT is within the bear range of mid this week, sellers have the upper hand from an effort versus result perspective. Technically, traders can unload on every high below $4.6, expecting a retest of $4.2 with the possibility of trend continuation to $3.6.
What to Expect from #DOT?
The downtrend is defined, and buyers are struggling as the bear market bites. Until DOT clears $4.6 with rising participation levels, sellers will remain in control aiming for further drops to the critical support at $3.6.
Resistance level to watch out for: $4.6
Support level to watch out for: $4.2
Disclaimer: Opinions expressed are not investment advice. Do your research.
It is approaching its initial listing priceHello?
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Have a good day.
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(DOTBTC 1W chart)
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(DOTUSDT 1W Chart)
(1D chart)
This time HA-Low is falling and is looking to spawn at 4.514.
Therefore, it is important to be able to rise with support in the 4.514-4.605 section this time.
As you can see from the DOTBTC chart and the DOTUSDT 1W chart, there is no upward force and it is approaching the initial listing price.
I think there is little you can do in this situation.
Therefore, I think it is better to wait for the trend to turn into a short-term uptrend.
To turn into a short-term uptrend, it means when MS-Signal, which was holding the price higher than MS-Signal, turned into an uptrend.
To do so, it must show that the price is maintained at least in the 4.514-4.605 range or higher.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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Long DOT vs USDTWe can see DOT is forming a triple bullish divergence on 1H and that is usually a pretty good sign for a long in crypto.
DON'T RUSH THE TRADE.
For confirmation, first we want to see the price to go back above $4.42 and hold. That will be my trigger.
Stops will be at the last low at $4.37.
This is a short term trade, I believe DOT will go lower in Q1 2023, so take profits if the market gives them to you.