POLKADOT: Parabolic Move Just StartedHello Investors and Traders,
My last post suggests a parabolic move for Polkadot in USD. If we take a look at that post, it played out on the short term. However this is just the beginning. Taking a look at the DOTBTC ratio, we see that DOT broke a previous major resistance. So we can expect a continuation for DOT to outpace Bitcoin by about 70%. In USD terms that is about $65 per DOT.
Let me know what you think.
DOTBTC
POLKADOT (DOTUSDT/DOTBTC) Daily Trade Setups 2021/02/20Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins!
Trade Setups
Below are the potential trade setups that I would be interested in trading:
DOTUSDT
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $30-31 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
DOTBTC
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ 60-61K Sats by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
Sharing of live trades that I take.
A great place to help each other, learn from each other, and grow together.
Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
Constantly testing and adding new trading strategies and refining battle-tested ones.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
POLKADOT (DOTUSDT/DOTBTC) Daily Trade Setups 2021/02/19Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins!
Trade Setups
Below are the potential trade setups that I would be interested in trading:
DOTUSDT
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $28.5 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #2: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $32.6 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $32.6, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
DOTBTC
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to bounce back up and close above 60K Sats.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #2: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to 64.3K Sats and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ 64.3K Sats, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
Sharing of live trades that I take.
A great place to help each other, learn from each other, and grow together.
Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
Constantly testing and adding new trading strategies and refining battle-tested ones.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
POLKADOT (DOTUSDT/DOTBTC) Daily Trade Setups 2021/02/18Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin & Ethereum!
Trade Setups
Below are the potential trade setups that I would be interested in trading:
DOTUSDT
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $28 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
DOTBTC
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ 57.5K Sats by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #2: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to 64.3K Sats and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above 64.3K Sats, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
Sharing of live trades that I take.
A great place to help each other, learn from each other, and grow together.
Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
Constantly testing and adding new trading strategies and refining battle-tested ones.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
DOT showing the way to BTC - FractalWe all know that BTC wont stop now that Elon and his MEGA CHAD elitist gang are in a race for who's buying the most BTC.
Mainstream is the phase we are looking at.
But, interestingly we might think DOT is the real leader right now, or has the most interest in crypto space along with the DEFI gang.
It is front running BTC and showing the path (on chart, not by market cap).
Without making too much noise DOT is now the 3rd biggest coin in market cap if you exclude USDT.
It may go way higher and even make ETH sweat imo. It has 29B market cap against 211B for ETH. A lot
of space to grow.
Anyways, in my opinion this fractal is showing us the path BTC will follow.
If you zoomed out, you would see the pure parabola also.
BTC next target : 61k
DOT clear uptrend !!DOT / USDT
i believe this coin still have much room of growth this year ..we can see in chart clear uptrend
My last buy signal to my members was given at 18-19$ and still holding
We can see in chart
Play in ascending broadning wedge
Every time daily candel touch 20 EMA = PUMP
🚨 Invalidation of uptrend = daily candle close below 20EMA or loss of lower trendline
Good luck
DOT/BTC another Breakout soon ?DOT / BTC
price show bullish accumulation pattern against BTC pair in previous high swing area
Holding above MA 20
The volume is strong
From previous experience...it can do massive Breakout soon..but if only BTC keep calm and Dominance drop a little
You can check too my previous idea about DOT against Tether (USDT) pair here 👇
Good luck
Short-term trading kills your deposit (2 part)Let's explore the topic of our previous post a little more and see what other mistakes you could have avoided.
As we identified in the last article, the first mistake was trading on the news. Second on the list, but not the second most important, is your trading style. Your profit depends on the trading style you follow, it's a fact.
At Pennygene we are supporters of long-term trading and investments, but there is also short-term intraday trading. To understand why we are not in favor of the intraday style, let's find out what makes it so special. Almost all beginning traders come to the market with a small capital of up to $10.000. It seems to many people mistakenly, that they cannot make a large fortune without using the leverage and dozens of deals every day. Sometimes intraday traders use more volatile assets and this approach becomes very dangerous and unreliable when combined with big leverage and market bounces. So any minor correction of 5-7% can ruin your deposit, and for the cryptocurrency market, these kinds of dumps are commonplace.
Newcomers to trading mistakenly think that a basic knowledge of patterns, price, and trading volumes is enough to succeed in intraday. But this is far from being true. I have repeatedly heard from traders with many years of experience that they think they have not enough knowledge for intraday.
Even with a small capital, a long-term trading style can bring you stunning results. Our reports confirm this.
May the big profit be with you!
DOTUSDT (Polkadot) Potential PumpI just embarked on a journey to create custom trading strategies for major alts. I’m just sharing one of the analysis that I’m doing during this journey. I have not yet formed a consistent strategy, so this is merely for social sharing purposes and not meant as a trading signal or financial/trading/investment advice.
Polkadot: Bull Flag Breakout!DOT/USD is currently about to break the Bull Flag on the Daily: Once we get the push above $20 psychological, we can move towards 30.
=> This would lead to the trend to continue since the Bull Flag break at $6.
Correlation to BTC and ETH requires those stay at least neutral/sideways for Polkadot to move higher.
DOTBTC (Polkddot) potential breakout of ATHHi guys, if you like this post, please support me by clicking the like and follow buttons and leaving a comment! Thanks!
I will be sharing the trades that I take in real time, follow to see how my trades work out!
I will be looking for a strong breakout of ATH for the next major bull run. Can also enter a small position here in anticipation of the breakout, but should only be a small portion of your intended position size.
DOTbtc Potential breakout + price discovery == opportunityThis is one i've been stalking for some time as well. DOT had a nice run up and met resistance pretty darn close to the ATH where it was rejected. It made another attempt building one of my favorite patterns to trade.
Three ways to play it:
1) Take a position around the current area if it fits your trade plan. This is the riskier entry but higher RR potential.
2) Wait for the break and retest of the resistance now turn support. This is safer but it may explode past and skip the retest.
3) Set a buy stop above resistance to catch the break. I dont like doing this since sometimes i can roll over on you.
Also look at the USDT pair for an entry if you play those. Its already broken out...twice.
DOT as no top - Altseason 2021Dot is one of the leaders of DEFI coins and it is only going from one level accumulation to another. Higher and higher.
It just broke out of the last bull flag and already retested.
From the target it should re-accumulate for another level.
Really its almost Blue Sky ahead, price discovery. See under in comments the BTC pair chart, wich is showing more whats to come...
Target on chart.