DOTBTC trade ideas
Polkadot DOT BTC breakout structure short-term bullishThe breakout against BTC pair indicates that DOT is due for a short-term rally to approx 5k SAT level. Similar breakouts in the past led to rallies of 16-22%. However, here we can be more conservative due to markets being neutral and target a moderate breakout up to 5000 sat level. If BTC remains relatively flat, this provides a profitable opportunity to ride the short-term breakout wave for DOT.
DotBTC Descending TriangleI believe this is a fundamentally strong project that will do very well. That being said, the chart had been printing a descending triangle since it made its impulse move post-listing. A clear Horizontal support line has formed with lower highs ever since the top of the impulse move. A breakdown of the horizontal support line should send the price down to a target around 0.00025 btc where I will long Polkadot, assuming volume and bullish divergence is printing at these levels. A break of the falling resistance line with volume will invalidate this setup and I will take an entry at a retest of the falling resistance line.
DOT near DEMAND ZONE (Accumulation Going) - Ready to FLY#DOTBTC TA Update:
1. Zone 1 was Ascending Wedge which always follows a downward movement as it did.
2. Zone was a Falling wedge or we can say it was a distribution zone. After this, usually, Consolidation/Accumulation happens which happened in ZONE 3.
3. Zone 3 at the moment, is where accumulation is happening. DOT is consolidating between two levels (Daily Resistance @42212 & DEMAND ZONE 38200-37500)
4. In the coming days, we may see some accumulation and the price may touch 36000 for a retracement. After which we gonna see a rally upwards.
5. For DIP Buying you can set Buy Orders at 36000 sats. Or Anywhere in DEMAND ZONE. Right now its gonna come back to the demand zone. And we gonna see BULLISH Trend afterward.
Note:
SEPTEMBER was ALTS BLEED month due to the instability of Bitcoin Dominance & Bitcoin Price.
Always Trade with caution. Alts follow bitcoin dominance.
If Bitcoin Dominance is UP ► Alts Gonna DUMP
If Bitcoin Dominance is DOWN ► ALts Gonna PUMP
Now, DOT Price is gonna fall at the demand zone, I am looking to buy DOT at the demand zone for Huge Profits afterward.
Please Ignore any mistakes if you found.
Thanks, Your support is appreciated.
DOT / BTC, Aiming Lower?at 3 september, DOT was showing a reversal double top pattern followed by a bear flag
And now, DOT is likely printing Rising Knife as another continuation pattern, facing EMA 50 and also cloud resistance
Will DOT keep going low? Well we have to be patience and wait for price action
Riding the Polka WaveBeen on a trade since this afternoon, because I thought it still looked promising from what happend overnight.
We'll see if this trend continues for Polkadot.
DOT/BTC#Dot Cooked Pretty well
Closes and then Opened already above the Resistance
Now wait for 6-8hrs and be a witness of the Comin Magic
DOTBTC - Long - Potential 20.17%DOTBTC - Long - Potential 20.17%
Enter- 0.00048283
TP1- 0.00050980
TP2- 0.00057872
SL- 0.00044537
Happy Trading! Like & Follow if you Agree!
Dotbtc a possible scenario to breakA possible scenario after the tough resistance created above .49 After this scenario it would be profitable to wait.
DOTBTC - Long - Potential 17.5%DOTBTC - Long - Potential 17.5%
Entry - 50818
TP1 - 54068
TP2- 59485
SL- 44818
Please comment with thoughts and how you get on.
If you like the idea, then hit like on the idea & support with a follow.
Are the BitBulls back in town?
DOT/BTC (Pattern Broke Bearish)BINANCE: DOTBTC
-The ascending triangle pattern broke to the downside
-Confirming a bearish downtrend is on the way
-There is an incoming bear cross of 20ma>50ma
-The momentum priority is downward and the target below around 38k sat
-If you have a position since the start of trading
-Please take profit and trail your stop loss
W oczekiwaniu na short PolkadotAktualnie kurs Polkadot znajduję się na wsparciu. Jeżeli je przebije i powędruje w okolice białego kwadratu powinniśmy spodziewać się dalszych spadków do poziomu 0.00038834 co prawie pokrywa się z wskaźnikiem Fibonacciego(nie uwzględniając knotów pokrywa się wręcz idealnie). Kolejny opór znajduję się na poziomie 0.00022245. Wskaźnik MACD pokazuje, że fala spadkowa dopiero się rozpoczęła i ma polę do popisu. Patrząc na wskaźnik RSI możemy zauważyć, że do dolnej granicy pozostało niewiele miejsca lecz osiągnięcie tego poziomu jest jak najbardziej możliwe.
Kurs na 4 godzinnym interwale znajduję się w konsolidacji i dopiero ewidentne przebicie pierwszego wsparcia może dać sygnały do shorta.
Polkadot (DOT) Project Overview + Chart Analysis (Targets)About Polkadot
Polkadot is an open-source project founded by the Web3 Foundation. Polkadot is a sharded protocol that enables blockchain networks to operate together. The DOT token serves three distinct purposes: governance over the network, staking, and bonding.
Source: Coinmarketcap.com
Website: polkadot.network
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Polkadot (DOTBTC) is new and we have little history.
So far, short-term, we are looking bullish with prices moving above EMA10 and facing resistance.
We also have what appears to be an ascending triangle format.
Multiple targets are marked on the chart as well as the main support level in case prices drop.
This is a young chart, we have no history here so everything can change.
If you do decide to trade, make sure to build a plan, use a tight stop-loss and remain open to all scenarios.
This is not financial advice.
Namaste.
DOT/BTCMID OR LONG TERM HOLD IDEA:
- Polkadot is definitely one of the strongest project fundamentally. Their ideas could solve many of the scalability problems that blockchain technology has today.
- Gavin Wood (Polkadot founder) has also invented Solidity, co-founded Ethereum and Kusama.
-BTC volatility doesn't affect too much DOT's price movement which confirms that people are confident in holding this coin.
I expect the price to 4X in the next 3 months and
10-20X next year
BUY THE BREAKOUT OR THE RETEST OF THIS WEDGE AND HODL!
