DOTUSD trade ideas
DOTUSD CorrectionHey folks, I hope you are having a wonderful day so far!
DOTUSD seems to be forming a big ABC correction pattern along with an ABCDE correction pattern. The breakout will be very bullish and it will be a pretty good long-term trade! Short term wise, I would personally short it and wait for the price to reach pattern E.
Polkadot don't give up-Do you remember last dip (May-July) ? i posted analysis and found the perfect bottom at 10$. ( i will post it in comments )
- So this time imho it's not the same because alts are almost bottomed already.
- This graph is a bit messy but you can see clearly demands zones.
- The difficulty is not to find where we go but when we go.
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Trading Plan
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Buy : 24$-25$ ish
Rebuy : 20$ ish
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Tp are unchanged from my last analysis
TP1 : 75$ ish (161.8%)
TP2 : 100$ ish (216.8%)
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Believe in Polkadot because to be a part of Parachain, Projects have to buy more DOT, Polkadot is poised to go up with time.
if you didn't take the train in July. You get another opportunity right now.
As always follow TheKing movements for safety!
Happy Tr4Ding !
Polkadot (DOT) - February 7Hello?
Traders, welcome.
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(DOTUSD 1W Chart)
It is important to keep the price above the 20.27 point.
If the price holds above the 20.27 point, I would expect it to move above the 30.75 point.
If it goes down from the uptrend line, it could fall below the 10.16 point, so trade with caution.
It must rise above the 30.75 point to turn into an uptrend.
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(DOTBTC 1W chart)
0.0003 911 - 0.0004 872 or higher: Expected to create a new wave.
However, it must rise above the 0.0005 850 point to turn into an uptrend.
A drop below the 0.0003 911 point could lead to a drop below the 0.003 242 point, so trade with caution.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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DOT is approaching TrendlineOver the next couple of days should be the last opportunities to load up on DOT at these levels.
Should start squeezing against that major trendline.
Dips under $19 might be the time to load up. Maybe one big wick down, timed with BTC down wick, to start the rally.
Good Luck
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DOTUSD D1: 1000%+ gains THE BEST Level to BUY/HOLD (SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: read entire idea before
execution. Tagged as BULLISH because I expect
reversal once we hit 8/9 USD.
🔸 Summary and potential trade setup
::: DOTUSD D2 chart review
::: chart looks good /strong
::: HOWEVER short-term
::: expect 40-50% correction mode
::: setup still valid as of right now
::: previously massive BULL TRAP after
::: FAILURE to break CYCLE HIGH
::: get ready to BUY LOW later
::: expecting BEAR TRAP near 8/9USD
::: i.e. FAKE BREAKDOWN of key S/R
::: best reload bulls near 8/9USD later
::: expecting 1000% bull run
::: re-test of sliding S/R line
::: near 100 USD later
::: BULLS stay out be ready later
::: expecting short-term correction
::: BULLS get ready to BUY after CORRECTION
::: TP bulls is +1000% gains later
::: expecting decent gains soon
::: 40-55% CORRECTION short-term
::: recommended strategy: BUY/HOLD after CORRECTION
::: TP BULLS +1000% gains / 25 USD
::: BEST reload BULLS near 8-9 USD
::: TP BULLS is 100 USD final EXIT
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
DOTUSD (4H) Bullish reversalHi Traders
DOTUSD (4H Timeframe)
Waiting for the upward break of 19.95 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 17.10 would cancel the bullish scenario.
Trade details
Entry: 19.95
Stop loss: 17.10
Take profit 1: 21.65
Take profit 2: 24.45
Score: 4
Strategy: Bullish reversal
DOT, reaching the vicinity of the general trend.The following content is machine translation:
On the daily chart, the DOT target reached the major trend line and stopped falling and rebounded slightly.
This is the bottom from the trend line.
There is a lot of room above this based on cyclical pullback gains.
In terms of operation, you can try to place more orders and fall below the stop loss below the major trend line.
DOT Buy Opportunity Bulls currently defending strong support area ... There is opportunity to scale in . All indicators in red but oscillators are positive. Be patient don't be tempted to rush in , I have bought on support but have set limit orders lower . If you look around there are others such as UNI, TEZOS, GRT with some bull activity entering the market and somewhat at bargains. HOT TIP: Look around for coins solving transaction speeds for institutions such as Hashgraph and others one's that solve transaction speed and bulk orders coming from Forex and stocks, particularly rat poison stocks like Pfizer, Astriod Zeneca back into Jeff Bezos's account , Soros, governments. ha ha. Blackrock , Vanguard may be taking profits soon so be very careful in stocks.
DOT Polkadot Trend change trade ideaHanging around decent support levels, within the channel, and small risk reward at these levels for stop loss.
Plenty of resistance levels to contend with, and will need a solid bullish market to continue up.
This is a favorite crypto for myself in 2022 and beyond
Still neutral until crypto sector sentiment picks up
$DOTUSD potential entry point (3/5)Conviction: 3/5
could drop further to MT support (Sep 2020)
General Thesis
two possible paths, one bouncing off ST support (Jul 2021) and the other bouncing off MT support (Sep 2020)
2nd scenario seems more likely (just a guess)
recently did a bullish divergence in December 2021, so this could be it
Potential Risks
BTC pair looks attractive, although could play out via BTCUSD weakness, rather than DOTUSD strength