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Polkadot

BTC Possible Change In SentimentI have been very confident and clear about my views on BTC, SOL, ETH & POL. Mainly due to my outlook on BTC as 'bearish' (forecast 20K to 25K). If BTC drops it's likely that the other cryptos across the board will fall also - however, this is not always the case. Nonetheless, I'm looking at the imbalance on the weekly change (orange lines) and I'm monitoring how price will react to these. If we close above these levels on the weekly chart, then I'm currently disregarding my bearish outlook and thinking of a bullish run higher for the crypto market accords the board. I have not price targets as yet, now is time for me to sit and be patient and allow more data. Of course on the daily chart price action is more clear, but the weekly chart gives me a more longer term view and that's what I'm looking at for crypto. Once the longer term view appears to be clearly one sided & bullish - I will look to become more invested. On the other hand, if price drops to ridiculously lower prices, then i I will look to become aggressively invested. Be patient, be confident & do your own research. Their will always be opportunity once there is knowledge & experience on the table. Don't rush the money, rush for excellence. - Maradona Capital
BITSTAMP:BTCUSD
by KnowledgeAndProfits
2
$DOT / USD - PoldaDOT is so rdy - LONGPolkadot just made a full 886 retrace with a Type 2 return, double bottom right at the 886 now just look what happened after last full retrace One could easily setup a trade here and stop out below the double bottom sind you don't wanna have anything to do with DOT below that major accumulation structure. Take your profits wisely according to those fiblevels. 38-61 is the golden zone but keep some for the moon ;) Good luck on your trading, stay safe!
Long
by 10xTrading
DOT/USDT TA UPDATE!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this DOT/USDT update. DOT is trading inside a falling wedge in the daily time frame. Once it breaks out from this falling wedge and 21D ma then it will pump hard. All we need is to hold above $17 the daily candle. Also, RSI is printing a bullish divergence in the daily time frame and MACD is also looking bullish. So overall I'm quite bullish on Polkadot as long as it does not break below the $17 level. You can buy some here and add more up to $17. If any daily candle closes below the $17 then I'll exit from this trade. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
DOT support levelsDot has seen a 55% drop from ATH despite the parachain auction events. We are sitting on top of a strong support zone for now and in case it fails, we have the ultimate support zone which is really hard to fail for this cycle ( yes I'm assuming the BTC cycle is not over yet otherwise there is no point in trading alts anyway :) Momentum is oversold, the only thing missing is a reversal candle print. On the way back top, $39 will be a crucial level for S/R flip so TP and check for continuation / rejection if we ever get there. Trade Safe!
Long
by crypto_chebz
Bitcoin Falls to $34,500 Bitcoin plunged 12% on Thursday as Russia launched an invasion of Ukraine — with explosions heard in multiple cities, and thousands attempting to flee the capital. CoinMarketCap data shows the world's biggest cryptocurrency fell to lows of $34,459.22 — significantly below the high point of $39,122.39 that was recorded on Wednesday. Smaller cryptocurrencies suffered even larger double-digit losses. Ether, Binance Coin and XRP are all down by about 13% over 24 hours. Other altcoins — Cardano, Avalanche, Dogecoin and Polkadot among them — have fallen 17%. Global stock markets have also been sinking — with the tech-heavy Nasdaq 100 now on the brink of officially entering a bear market. On the flipside, the price of oil has surged — with gold outperforming as investors seek safety. There are a few takeaways here. The first is that Bitcoin appears to be performing more like a tech stock than a safe haven right now — further diminishing the narrative that BTC is a form of digital gold. A surge in oil prices could also contribute to concerns over spiraling inflation, not least because it could translate to higher energy bills and more pain at the petrol pumps. However, it's unclear whether the ever-worsening crisis would prompt the Federal Reserve to delay interest rate rises that had been planned to commence next month.
COINBASE:BTCUSDLong
by prevcentbrungong
Polkadot in Bearish Setup, Target at 19.25Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The cryptocurrency Polkadot (DOT) has constructed a descending triangle setup since the beginning of December 2021. The support line is observed around the 25.50 price level while the resistance trend line is seen with lower highs at 31.50 and 30. Expectations are for DOT to break support and head towards 19.25. Failure of this would take DOT back above 30.30. From a longer term view Polkadot has trended lower and is currently testing support. A break lower can take the cryptocurrency towards 10. Technical Indicators Currently Polkadot is below its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. There has been negative crossovers on these MAs, which has set the downtrend for the cryptocurrency. The technical indicators have also shown bearish signs. The RSI is below 50 while the KST is in sell mode. Recommendation The recommendation will be to go short at market, with a stop loss at 30.30 and a target of 19.25. This produces a risk/reward ratio of 1.36. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to DOT.
KRAKEN:DOTUSDShort
by Ceddy86
$GLMR ShortShort term I expect price to hit the 4h Legacy trendline at aprox 1.5$ where my buy orders start. I expect a nice bounce off this zone as price action has respected this trendline for a while now. Stack $GLMR for long term, If my 1.5$ buy goes through i'm gonna hold, however if it starts breaking and hard closing below the trendline there's possibility of sub 1$ price zone but that would need bitcoin to tank as well. Moonbeam rn has significant sell pressure from profit takers from Take Flight event, so with bitcoin going below 37k I can see a lot more of them realizing profits which would bring lower prices and sharper decline against bitcoin.
Short
by crypross
1
Falling Wedge in Polkadot combined with a Bullish Divergence!Hey Traders, As you can see on the 4HR of Polkadot (DOT.) The price action has formed Lower Lows and Lower Highs symptoms of a falling wedge! The price target out of this pattern would be at $23 (+22%). In the rare case it does break down, the target for that is $14 (-18%). There is a 70% chance Falling Wedges breakout to the upside and a 30% chance they fall to the downside. However, I think there is a VERY good chance we breakout mainly due to the Momentum Oscillator (RSI) showing a Bullish Divergence with Higher Lows while the Price is in a Decline. Safe trading, -Pulkanator
Long
by Pulkanatir