PolkadotI tweeted yesterday that the value in crypto is decentralization, because anything else can be done better with centralized tech, approaching crypto from this frame of view helps you find value in what seems to be a space filled with shit.
Coins like XMR for instance demonstrate that there is true value in the technology, i think polkadot has been understood by few and this has created tremendous investing opportunity in it.
DOT trade ideas
LONG DOT: Reaching previous ATH and potential to continue.What's going on traders, hodlers, and crypto enthusiasts,
Bitcoin reaching $100k was the tipping point for most alts! What a time for the space.
Focusing on CRYPTOCAP:DOT , we are extremely bullish, at least for the upcoming months. We have been monitoring it for quite some time now and drew up this chart on its Market cap a while back. We have clear confirmation of a trend change, starting early-mid Nov, especially with confirmation (EMA cross on Mon the 11th). We see this to be extended out until mid-'25.
If we have any trend or continuation like previous ones, we will be reaching a $45B Market cap. On the lower estimations that would put the price at around the $34-35 range.
I don't want this to be a very long thread yet but you get the picture.
LONG DOT LONG DOT.
NFA as always, DYOR, and remain calm.
namaste
trade in motions llc
POLKA DOT MASSIVE HEAD AND SHOULDER !!CRYPTOCAP:DOT
after getting rejection from 10B marketcap polka dot seems to be forming an Head and shoulder pattern on 12 hour timeframe could be seen on other lower timeframe as well.
the point I am trying to make here is next month is September. which is not really good for for crypto statistically speaking. (though anything could happen)
I am looking to buy polka dot under $6 which is really great opportunity for long run. we could see polka dot close to $3-$4 in lowest time of the market. which is still a healthy correction for next run.
we are not going to make new All time high up until next year I think.
i am now waiting for neckline to break and i will put a massive $1 MILLION worth of trade :)
Happy trading
DOT (Polkadot) Coin {Market Cap} Analysis 10/04/2022Fundamental Analysis:
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.
Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.
The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain.
Polkadot’s native DOT token serves three clear purposes:
staking for operations and security,
facilitating network governance,
bonding tokens to connect parachains .
Polkadot has four core components:
Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains;
Parachains: independent chains that can have their own tokens and be optimized for specific use cases;
Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model;
Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.
Following the network’s redenomination after a referendum on Polkadot, DOT balances increased by 100, so one old DOT was equivalent to 100 new DOT. This meant that the initial maximum supply of 10 million old DOT in August 2020 became 1 billion new DOT tokens. The redenomination was undertaken purely to avoid the use of small decimals and make calculation easier. While all balances were increased by a factor of one hundred, this did not impact the distribution of DOT or holders’ proportional share.
Polkadot’s first initial coin offering (ICO) was held in October 2017, and the Polkadot price was $0.29, with 2.24 million tokens offered. The second ICO was held in July 2020, and the Polkadot price offered was $1.25, and 342,080 DOT tokens were sold.
The current CoinMarketCap ranking is #12, with a live market cap of $19,263,288,614 USD. It has a circulating supply of 987,579,315 DOT coins and the max. supply is not available.
Technical Analysis:
Looking at the Market Value and Fluctuation Patterns in historical data of the Asset from Jan 2021, we can see there has been a completed Cycle with ATH: 47B$ , thus retracement to 10B$, followed by 3 Months of Re-Acumulation Phase till End July 2021, which developed the New Cycle with its New ATH of Approx. 55B$, followed by Market Cap Correction to 14B$ which is Below the 61.8% level of Fibonacci retracement of 0 to the Latest ATH (55B$). this means the Capital has Been accumulatiing since its retracement for its 3th cycle which can have the new ATH of 160B$.
There exist the Hidden Bullish Divergence of Market Cap Value and MACD at the 4 Hours Time Frame , which is the very Significant sign of Bullish Trend Continuation which eventually Start the new Bullish cycles.
As the Capital Accumulation Start its Bullish trend From these kind of Discounted Zones such as Fib 61.8 or lower , we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH.
There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points .
The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Market Cap correction and Reaccumulating. on its Up Formation rally.
