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DOTUSD

BTC bounced ? now its time to long or not ?Hi, In the previous analysis I warned you that BTC will continue to accumulate and will remain stuck here for a couple of weeks I explained why it comes down to what was the causes and how it can touch ATH again, so always remember if there is a pump on weekend then you should immediately book profits and it will come down on Monday that what happened, and as mentioned in my previous analysis that it will come to 45 and it does now on my chart there are two possible scenarios, first, if the current wick closes below that then it will come down under 45500 and there is a little bit of pump we can see eventually it will come down again for more buying pressure, Second, it will go up till 48500-491100 and sell pressure will come in and again it will be in that situation but if you talk about where we should start buying? I think you can buy several coins right now if it comes further comes down then buy again buying 40% here not more than that I generally don't believe in fancy charts or patterns, this all comes down to volume these all patterns all depends on volume so beware of that fact I can generate more followers by doing that but there is no benefit of that Thank you
by ProfessorMH
Polkadot: My Trading Plan and Where is the Bottom?From my point, Polkadot is one of the most interesting assets in the crypto market. It has very strong fundamentals as well as a good room for upward movement. Several weeks ago, we could discuss the potential top around 100$-150$ in the bullish market. Today, probably the ATH will be the perfect target for 2021 and the beginning of 2022. Let's look at the daily chart and try to plan our future trading based on the price action at the key levels and signals from indicators. The price moved downward from 55$ and bounced from the key support between 26.504 and 24.85$. This support is very important for the market. Just look at the price action around these levels in the past. The prices bounced from the key support several times. We could say that the price reached the bottom. Also, if we use the Fib tool, we can see that the price reached 0.618 level. It shows a deep correction in the trend market. RSI reached the oversold zone and confirmed the price reversal. The same goes for the MACD histogram. The candlestick patterns supported the price reversal as well. The market had everything to start a new upward movement the direction of the main trend from this support. But every time the price started the upward movement and built the bullish structure in the hourly timeframes, we could see bearish pressure and further downward movement to the support. For me, it is a sign that manipulators are not going to push the price upward. They are not ready. Probably they have another plan. How to plan future trades? From my point, there is not much sense to continue the downward movement as the market doesn't have much room for it. Maybe an additional 5-10% below the support will be possible. If we use the Fib tool again, the lowest level for a correction movement is 0.786, and it is 20$. In many markets, such deep correction will tell about a trend reversal. But the crypto market is a high volatility market, and we could see such deep corrections, but the market stayed bullish. I would like to consider 20$ and 0.786 Fib level as the 2nd bottom, but I don't see any fundamental reasons to reach that level at least right now. I think the most logical movement will be to show a breakout below the key support in order to kick as many retail traders from the market as possible. The manipulators can push the price below 24.85$ in order to reach stop orders of those traders who have long positions and margin traders. It is easy money and why not take them? After that, the manipulators can push the price upward. We will see a false breakout below the support and maybe a daily candle with a long wick on the chart. If so, it will be a strong bullish signal. My trading plan is the following: 1. A new reversal from the support will give me trade opportunities for buying. 2. A false breakout below the support will give me new trade opportunities for buying. 3. A breakout below 24.85$ will close my long positions by stop, and I will wait for new trade opportunities from 20$ and 10$ levels. And what about you? How are you going to trade if the price moves up? How are you going to manage your active positions if the price moves down? Share in the comments, let's discuss. Thanks for your attention! I hope this post will give you a better understanding how the market will be able to move further and you will plan your trades properly. Also, I will be grateful if you support my work by smashing the LIKE button! It motivates me to continue my work on this platform. Have good trades!
by DLavrov
42
DOTUSDT - Buying timingBYBIT:DOTUSDT 1H trend chart - DOT is building an inverse head and shoulder pattern. Here is a nice entry timing, but it'll be better when price takes out 29.215 - Profit Targets: a) 30.40~30.880----Fib(1.272~1.382) b) 31.4----Fib(1.5) c) 33.58----Fib(2) Stop losses: a) 28.015-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
DOT - is going to skyrocket?A trend line has formed on the DOT chart. The price is slowly moving towards this trend line. It should be noted that each fall was accompanied by a large volume at the bottom. This is a good signal for the continuation of growth. In case of breakdown of the trend line, there might be a good opportunity for buying. But we should not reject the possibility of one more impulse downwards, collecting liquidity, and then resuming the growth. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
8
DOT - in these cases may be a good opportunity to buy!!!In a previous idea, we recommended buying DOT after a breakdown of the trend line. But the breakdown did not happen, the price corrected even more. In doing so, the price corrected 55% from its local high and there were huge liquidations. It's worth noting that there was a huge volume at the bottom on each fall. This is a good signal. In case of a false breakout of the 22$ level or a breakout of the trendline, there could be a good buying opportunity Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
11
Polkadot (DOTUSD) TESTING MAJOR SUPPORRT LEVEL!November was an awful month for DOT. Despite setting a new all-time high in early November, the price has been on a sharp downward trend. The sell-off escalated this week, where were saw price went from $40 to as low as $22!! Price broke the major support level, but quickly recovered. Now price is testing the major support level that starts at $28. Let's see if the price can end next week above $28! In that case, a bullish scenario is more likely. The major risk here is if price breaks below the final support level at 22.
BINANCE:DOTUSDLong
by EmpowerTrader