Polkadot
✴️ Polkadot | The Beauty of TradingHere what's great about trading cryptocurrencies.
The beauty of trading in general... Endless opportunities.
If you miss one pair, one asset, crypto or stock... There is always another one and another one and another one.
It doesn't matter if you like to be LONG or SHORT, the market will provide opportunities always, in all timeframes you just have to do your job.
That's why my focus is 100% on studying and personal growth.
In order to be able to grow money, to make money "fast", I have to be able to make it slow and since opportunities are endless, I can take my time in preparation because when I am ready, the market will still be there waiting... Without the right preparation we make mistakes and these mistake will lead us to lose money instead of earn.
There can never be a hurry... If by any chance you have to hurry, you are desperate, you can take this as the strongest signal that you have to wait and can't trade.
I use this all the time.
If I want to do something and I get excited about it, that's the signal that I am not ready I need more time before I get this done.
It applies to trading... If you have to "run", "do it fast"... Then you might want to sit it out and see what happens... If you miss an opportunity no problem, endless opportunities are available within the financial markets and honestly all throughout this world.
Here is Polkadot (DOTUSDT), just today the downtrend is broken, which opens the door for additional growth.
So, if you missed one pair, here is another one.
Once we start looking at the smaller altcoins, pretty soon, we will find more and more and more and more...
If you feel you missed anything do not fret about it.
You can come right here to this very platform and visit my profile, you will find so many opportunities it will be hard to pick one.
We had plenty of time to prepare... But it is never too late to get started, whatever happened just adapt and change.
Namaste.
DOTUSD Broke above the 2 year Falling Wedge!Polkadot (DOTUSD) just broke above the Falling Wedge pattern that was in effect since early 2021. This 2-year pattern has been basically dictating the pace of the current Bear Cycle but as you see on this 1W chart, it eventually ran out of room, was trading tightly within its top (Lower Highs trend-line) and bottom (Lower Lows trend-line) in the past 2 months and eventually broke to the upside.
This alone is a major bullish development but we would like to see a closing above the 1D MA200 (orange trend-line) in order to confirm the end of the Bear Cycle. If broken, it will be the first time the price is above the 1D MA200 in more than a year (since January 05 2022). In that case, the Fibonacci retracement levels can be targeted in succession, with the 0.5 (Fib) at 15.50 estimated to get reached by August 2023.
A strong sign that shows that the market has priced its bottom is the 1W RSI, which has been flat on its Support since June 2022 and also broke above the Lower Highs trend-line that started all the way back to the February 2021 High.
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Polkadot: Lucky Day! 🍀The date may write Friday the 13th, but we're feeling pretty lucky. Polkadot continues to rise and should climb above the resistance line at $5.36 to finish the yellow wave i. After completion, the coin should fall into a correction and end the orange wave ii below the $5.36-mark.
Polkadot Black Friday- Everything is in graph.
- Weekly predominant bullish divergence on RSI.
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- i won't speak "Price to Buy", but WHEN to buy :
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- Buy a Dip and wait for the end of this triangle.
or
- Buy a Breakout from the same triangle.
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- Black Friday is Real.
Happy Tr4Ding !
Polkadot (DOT) formed Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Polkadot (DOT) with Bitcoin pair.
On a 4-hr time frame, DOT has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
An 3W swing trade scenario w/ FibonacciHi traders. I'm bringing in this weekly chart a simple draw of a smart money strategy based on the price action with Fibonacci Retracement 14.6% key level as a worth and effective take profit. I'm using a Ehler's smoothed stochastic to show a logical possible reversal wave to come in the 3W term.
DOT Zones: Falling Wedge Breakout Incoming? Here we are looking at DOTUSD on the Daily TF…
For this analysis, we will keep it brief as the chart here is very simple.
As you can see we are in a falling wedge which consists of downwards sloping resistance and a descending line of support. The descending line of support stretches all the way to the lows (at the time) made back in July of 2021. Every time DOT has tested this line, it has bounced (so far), but we will continue to monitor the charts as the space between support and resistance continue to squeeze closer.
What do you think DOTUSD will do next? Let me know in the comments!
Cheers!
PolkaDot | Heating up for Massive BREAKOUT..!!
#DOT is heating up for Massive Breakout 🔥
Forming Falling Wedge in Weekly timeframe Chart.
Seems like Bottomed out but not out of Woods yet.
Bulls need to Close the Weekly Candle above 4.90 to Confirm the Wedge Upside Breakout.
Looks Promising for Q1 2023, +300-380% Profit Potential in the Midterm.. ✍️
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
Support of buyersDOT posted a nice price increase last week. With the support of buyers, the price broke out of the narrow descending channel and continued to move up with a small pullback due to increased buying volume. Also, the resistance range that was considered at $4.51-$4.55 has become support with a strong bullish candle in the 4-hour timeframe, and a positive reaction has been seen twice in the pullback to this area. The point is that the ceiling formed in the $4.7 range can be considered a higher ceiling than the last ceiling in the downtrend. So, considering the higher price floors that have been formed, we expect Polkadot to see a strong positive reaction by hitting the support of the $4.50 range. If this happens, we can consider short-term price targets in the range of $4.979 and $5.408.
Accumulating XLM & DOT -Fractals show PROFITSHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
If I haven't already told you, Happy New Year 🥂
I'll be making a series of updates on Altcoins that have decent upside potential during 2023. I'll specifically select alts that are trading low or in accumulation zones and altcoins that are known to pump and dump independently of the overall market trend ( bearish or bullish ). It will be in your best interest to watch these alts, especially with talks of a recession on the rise. Good opportunities will be few and far apart, but you can still count on a few coins to rally during bear markets. Today's picks are XLMUSDT / Stellar and DOTUSDT / Polkadot .
Incase you missed yesterdays gems, XRP and LTC , find the analysis here : 👀
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DOT/USDT Good days are comingAs you see in this analysis, Polkadot will be one of the best profitable coins in the coming days.
The reasons are:
We have reached the monthly demand in control zone and we have pulled back to it for the first time (FTB).
We have reached the bottom of the downtrend weekly channel.
We saw the falling wedge pattern in the daily timeframe and its break out is imminent.