Bullish, but waiting for entryDOT appears to have formed a symmetrical triangle with BTC. The most recent 4-hour bullish divergence would've been the ideal place to enter a long, but now that we are retesting daily moving average resistance, I'm on the sidelines until I see another obvious entry. For long-term investors, we are still at an accumulation level so if you're looking for DOT exposure, this could be a good place to start averaging in.
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DOTBTC trade ideas
PolkaDotHello, friends!
You are welcome to subscribe and follow this idea, as I will disclose all my future entries and exits here, and reasoning for the trades.
Of course, this is not a financial recommendation and the post is about my personal view on the most probable price trajectory on selected time frames.
The post starts with the cross - DOT against BTC. I expect DOT overperforming Bitcoin, based on certain wave scenarios presented in this post.
1. Extended impulse - daily chart
2. a weekly WXY pattern, where the cross in the middle of wave .
Another BTC / ALT Trade, DOT/BTCHave been throwing small amounts of BTC at DOT on the way down, last night topped up on the breakdown of the triangle. In addition to my actual DOT holdings which are staked. Looking to shave profit back into BTC in the 0.0007500-0.0008800 region. Again, just using small amounts as I did with my last matic/btc trade which went beautifully. Using the parallel channel here to indicate buying trend with a DCA philosophy which is less stressful than one or two large buys at once.
Buy 0.0006100 >
Sell 0.0008800 or better, will most likely just stake everything and then send some distributions back to exchange to build a selling stack from staking rewards, which makes this a relatively long-term trade. Small amounts, so not getting rich just increasing my stack of both assets as with matic/btc.
DOT inside triangle#DOT/BTC
⏳ Weekly
DOT is trading inside a triangle pattern.
the current double top can complete around 4415sats, so price may have more drop to support zone.
then price can bounce to upper line of triangle, if success to break it out the target will be around 13344sats.
but if price close a candle below support zone it will have more drop to 3000sats.
DOT/BTC: Entry opportunity after break outThe DOT/BTC price came back down to support near the 0.0007650 area. This brings an opportunity for entry, to ride the next wave to the upside.
Disclaimer:
I am not a proffesional trader or investor. I post my ideas and analysis for fun only. This is not financial advice.
What to expect from $DOTHello and welcome to this quick market analysis
Make sure to hit the like button in the end if you agree with my insight
With the current structure on USD pair, it is safe to say that the bottom for Polkadot is in at $37, and now if you look at the BTC pair you can see that we broke below the triangle BUT I forecast that this break was a bull trap.
In the near future I would like to see DOTBTC to trade inside this triangle once again and aim for the horizontal resistance, locating at 7800 satoshis.
The bullish divergence on RSI, indicates that the bearish momentum is near to an end.
If you check the USDT.D you can see for yourself that market is gaining momentum again, so I don’t want to miss any chances to catch the impulse moves on such coins and tokens like $DOT.
My target for DOTUSD will remain at $60 and with current fundamentals on this space I think we will get there in near future.( late November)
ANY WEEKLY CLOSE BELOW $37 WILL INVALIDATE MY FORECAST
Stay safe, Stay profitable and don’t forget to hit the like button ;)
Polkadot to highs against BTC 😋😋There is a potential rise in POLKADOT "DOT" that can make it reach $ 100 USD. The news is that the Polkadot parachains are going to start and the project I won is going to be blocked Polkadot for 1 year and 8 months, which would mean less supply "Law of supply and demand".
Has DOT/BTC Set Its All-Time High? As I've stated in my recent posts, I think we're inching closer to peak market euphoria for crypto. Does this mean I think the top is in? Not necessarily. But it does mean that my bias is switching to selling, rather than buying. As I dollar-cost-averaged in during the bear market, I plan to scale out soon. I think this current crypto bubble is much more similar to the dotcom boom than the previous cycle. There's much more money involved this time, and a lot on the line. There appear to be less individual people taking out bank loans to buy crypto this time around (just based purely off Reddit posts) - we're instead seeing huge marketing efforts and more authentic crypto adoption by larger players. Adoption is good in the long run. It means crypto is likely here to stay (this was always a question after the last bubble popped). Now it's not a question. But this doesn't mean valuations need to stay this high. And the looming question of regulation remains.
People on social media seem to be taking their gains for granted, and speaking in absolutes as if financial freedom is guaranteed. Especially with newer hyped projects. This chart is an example of a more newly hyped project, and how its recent price action compares with a legacy crypto like LTC. Looks quite similar. If DOT/BTC cannot break the supply zone overhead near 0.001, I think it's likely to head down towards all-time lows on the ratio. This is just an example of why I do not think "this time is different." Sure, there are some differences, as noted above. When you're wrapped up in the mania it's hard to see the other side.
In any case, I've heard good things about Polkadot. I might even pick some up if we see another big crypto winter. There's an argument to be made for Bitcoin having less severe drops in the future, but as we saw this summer, many alts can just drop 50% in a single day, or 80% over the span of 2 weeks. My strategy is about managing risk in the long term, and it's starting to seem a little risky up here.
This is not financial advice! This is meant for speculation only. This is only my personal view.
-Victor Cobra
DOT/BTC buy opportunityHi followers,
Watch BINANCE:DOTBTC which formed double bottom on a support area,
followed by impulsive move up and higher lows,
The next move up may retest the all time high.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share!
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Long🟢DOT's time to Shine-Ascending Triangle on DOTBTC (Bullish)Neuro-Fuzzy AI observed Ascending Triangle.
It's a bullish pattern.
The price has just hit the Support trendline.
At the same time, BTC entered the resistance zone.
Here AI expects BTC's growth to slow down and alts to shine.
We call the future price to reach 0.00075.