DOTBTC - Volatility IncomingIn my opinion, we are entering another defining phase in Polkadot's price history. Dubbed Phase 2, I expect this phase to bring back significant volatility to the asset. The way volatility will go, upwards or downwards, remains to be seen by LMACD. However, I believe there is a good chance that we are breaking above of our consolidation range and hitting greater ATH's with respect to our DOT BTC valuation.
DOTBTC trade ideas
$DOT, Pushing toward new all time high & into price discovery..$DOT
Pushing toward new all time high & into price discovery..
Volume rising on the daily while the 4H is already showing good continuation signals..
UCTS bullish on the 1D (Buy signal) & on lower timeframes..
Looking toward 90k sats from here if it gets traction🍀🤞
#DOT
BINANCE: DOT/BTC (Out of accumulation)🛒 Pair: DOT/BTC 🛒
== SPOT==
⏰ 1400/02/24 ⏰
🕰 14/05/2021 🕰
Duration:
📈 SHORT - MID📈
Ex: Binance
#186
🛒 Buy: 0.000785 - 0.000805 🛒
👉Sell Targets👈
🎯TP1: 0.00090 🥉
🎯TP2: 0.00099 🥈
🎯TP3: 0.00110 🥇
🎯TP4: 0.00120 🚁
⛔️ SL: Closing 4HRS candle below 1.72
**Risky Call**
**Broken out of accumulation zone**
Da. Box
DOT/BTC - Bullish Pennant Forming Hey people!
After an extremly bullish leg up with alot of hype around the project in Q1 21, DOT consolidated nicely for 2 months now and is forming a bullish pennant. We are still early in the pattern at the second impulse down and with sitting around the 61,8 Fibonacci retracement at 63.000 Sats , the entry point is quite good.
If it brakes the resistance around 78.000 Sats , the measured move price target should be at around 103.500 Sats . From its current price point that would mean a 63,5% move to the upside , with a tendency to overshoot the target considering the current bullish sentiment for altcoins. In case of a bearish turn my Stop-Loss would be around 51.500 Sats. This would equal to a Risk/Reward Ratio of 3.42.
Enjoy!
BINANCE:DOTBTC
Polkadot [DOT] to continue upwards movement
This is my first published idea, I generally do all my drawings on Binance tradingview tab, cannot export them sadly.
Some quick explanations:
0 - This is the move where we start entering the rising trading channel
1 - These are rising wedges within rising trading channel
2 - These are descending wedges within rising trading channel
Each time DOT has had it's rising wedge movement broken, it turns into a descending wedge, once trading channel bottom has been touched, a move to break out from descending wedge and continued upwards movement is formed.
Once a breakout from current descending wedge has been confirmed, we can expect further upside to atleast the top of the trading channel.
TLDR:
I am stacking up on DOT expecting the move explained in the chart.
POLKADOT SEEMS HEALTHY dot/btc chart : according to the chart it is set to test the upper resistance zone , if we surpass it , {as we are in the altseason ,maybe , it has chances to break, after that POLKADOT will be in price discovery.
as we notice the volume is decreasing day by day , as we look left after that volume decrease DOT had a huge spike upside , probabilities are for the same to happen, with a 3 - 3.5 x from its current price