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DOTBTC trade ideas

DOTBTC Local S/R| Declining Volume| Swing High| Price ActionEvening Traders, Today’s analysis – DOTBTC – trading above Local S/R forming a potential higher low, Points to consider, - Price Action Impulsive - Local S/R Support - POC Resistance - Declining Volume - Double Bullish Divergence (RSI & Stochastics) - Swing High Objective DOTBTC’s immediate price action is showing strength at Local S/R, respecting this level allows us to have a bullish bias. The current resistance is the local POC, breaking this level with conviction will increase the probability of a structural higher low. Volume is on a decline which is indicative of an influx at a key trade location, currently being at one. There is a valid double bullish divergence, the RSI and Stochastics are showing a higher low in respect to price action making a lower low, again signalling strength. Overall, in my opinion, DOTBTC is a valid long with swing higher being the objective. Price Action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
Long
by The_Alchemist_Trader_
#PolkaDot ($DOT BTC) found its bottom and is ready to bounce! Hello there ladies and gentlemen, BulloTaurus here with an awesome find! BINANCE:DOTBTC is one of most-promising projects that had a huge rally when it was listed on major exchanges. Huge gains were made by shorting it until now. Bullish signals we can see on daily chart of Polkadot that will reward you with nice profits once we break the downtrend. Risk: 5 Reward: 8 Disclaimer! This post does not provide any direct financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading. Gentlemen, i need your help... if my ideas that you read are interesting and profitable, please hit the LIKE button to support me sharing my setups and ideas with YOU! P.S. You're awesome. Keep doing it and you will achieve step by step your financial freedom! Peace out.
Long
by BulloTaurus
1
DOTBTC Local S/R| 200 MA Support| Swing High| Daily S/REvening Traders, Today’s analysis – DOTBTC- trading above local, maintain these regions is bullish in the immediate terms, Points to consider, - Price Action Bullish - Local S/R Support (.382 Fibonacci Confluence) - Daily S/R Target - Declining Volume - RSI Bullish Control DOTBTC’s immediate price action is being accepted above Local S/R, this allows us to have a bullish bias on the market. The Local S/R is in technical confluence with the .382 Fibonacci and 200 MA, price action has currently respected this level. Daily S/R is current target, price action exceeding this level will increase the probability of trend continuation. The volume profile is indicative of declining volume after an influx, this suggest a true break of Local S/R. Follow through in volume is required for a trend continuation. The RSI is in its bullish control zone, remaining in these levels is critical for market strength. Over all, in my opinion, DOTBTC is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember! The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
Long
by The_Alchemist_Trader_
$DOT to march higherRelative to BTC, Polkadot has bottomed and found support on the Supertrend. On this 2day chart the candle ended yesterday with a bounce away from the Trend-line (Supertrend) and it looks like we will continue that way with how the current candle is shaping up. The current candle ends 22nd November 0:00 UTC and if stays like this or betters than confirmation of the downtrend ends. Also the Stochastic RSI has been oversold since the end of September, a move away from that level will see much more BTC flow into DOT.
Long
by GlobalTrader_