DOT/BTC 1D AnalysisWe are in a Bear Flag
Wait for breakout upwards or break downwards + retest to enter either LONG or SHORT.
Otherwise, I wait for the Blue Line to SHORT :)
Dotbtcneutral
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.
