Polkadot (DOT) - January 10Hello?
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(DOTUSD 1W Chart)
10.16-16.15 or more: Expected to create a new wave.
It must rise above the 33.87 point to turn into an uptrend.
If this continues, we should see support near the 20.27 point.
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(DOTBTC 1W chart)
Over the 0.0003911-0.0004872 section: Expected to create a new wave.
You need to break out of the downtrend line to accelerate the uptrend.
So, you need to make sure you can keep the price above the 0.0005850 point.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Polkadot
DOT/USDT : Some similarities on lows !BINANCE:DOTUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#DOT has showed a fractal repetition on the last local lows.
There was a fast relief sweeping out the lows and get to the lower lows again.
So there's an opportunity to have an aggressive long position on #DOT but there'll be three factors to watch for :
- Uncertain market structure + High volatility in ALTs right now
- Local liquidity pool located at 36K on BTC's chart ( There'll be our last leg down into 36K for institutional buyers ).
- Fractal suggesting that every relief on #DOT has an immediate drop; So it's very suggested to manage the profit targets !
📚 The lower order-block could be a good entry to take long and set our SL as a any breakdown confirmation below it.
I was planning to share the chart earlier today but I got to do some of my personal jobs and I guess we ran out of the entry...
But in any chance of revisit the entry; It could be good to have a taste on the LONG with very tight SL and also we need to engage only 4% of our portfolio on spot buy !
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
"condescending Joe Biden whisper..." Do I have to scream at you for you to realise what is coming?
I have been in crypto since 2013, I have seen crashes, corrections, hype, hope, delirium and everything in between.
Now is the time.
So with a condescending Joe Biden whisper I say to you "be prepared".
- Ninja
Polkadot is super bullish!!!As you can see right now we are at 618 level of Fibonacci and with breaking the short-time down trend Polkadot has a great potential to reach super high prices, so I just bought a bag of Polkadot and just watching, unlike ADA and SOL which are right now on 768 level which means they are going to do some range moves Polkadot did not break 618 and right now is completely bullish in my opinion.
BUY & HOLD
ENTRY : 26
TPS:
🔸TP1: 30.5
🔸TP2: 32
🔸TP3: 35
🔸TP4: 38
🔸TP5: 50++++++
Disclaimer: Not Financial Advice.
POLKADOT BULLISH BATAfter breaking out and nearly reaching our first target of 33 dollars, Dot has experienced a heavy retracement that has brought it back almost to the low of the initial pullback. However it has reacted at the PCZ of the bullish bat and shown bullish divergence on the 4h RSI, with the market looking weak it is a risky trade to take however I believe that a bounce is soon to come and so have entered myself. Again I don't use stop losses or tps as I watch the charts on a daily but if someone was to size up their position they could do so like this.
ENTRY 24.91, with 20x leverage
Polkadot or Etherium?Straight to the point. In my opinion DOT will be a better performer than ETH this year.
As we can see DOT/ETH is in a falling wedge pattern with the price trending toward the upper line of resistance. A clean break would mean we are heading at a minimum back to the upper levels at around .025 but I believe we could really see much higher prices.
The 1.618 fib level is not out of the question in my opinion. This would put it's USD price at $183 if ETH is at a $5k price tag.
ichimoku trade : short positionthese positives can be a pullback to ichimoku cloud. then I put sell position at 40.26$ and put stop upper than cloud with buffer. if trend start, I will change stop with kijunsen.
by a parallel channel it should come to 30.38$.
other parallel channel shows a good support that is available at the picture(about 30$ but it is dynamic).
sell pos.: 40.26$
stop loss: ichimoku cloud(about 47$)
target: reach the stop loss of kijunsen(maybe about 30$)
DOT-USDT; What would happen in mid-termAs you can see on weekly chart, an ascending wedge formed and price showed good reaction to the top of the wedge; almost retraced 50% so far.
Now, the price is at the edge to flip bearish, if it cannot hold the lower wedge trendline.
The price is just above the WRH level, which is important to hold this level to keep the long-term bullish structure.
The swing low (white arrow) level is around $22.5 and is the most important level on the chart. To see higher prices, the swing low level must be hold.
In the case of a close below the swing low level, price would drop to the WRL level around $12.5.
I'm a fan of Polkadot project and I will be more than happy if the price drops to WRL. Then I can load my long-term bag.
Let me know your view and prediction,
Cheers!
Mr. CryptoTracker
Polkadots last correctionAs we all know, bitcoin is having a correction. this often brings alts, just like polkadot, with it.
On the chart you can clearly see where i think polkadot might be headed in this last corrective pulse.
This is an orderblock where price may come down to for large institutions to be mitigated.
This would create a huge double bottom (retail) pattern with a target of around 42$.
DOT Breaking the downtrendPolkadot is finally breaking out of the down trend. We have now a confirmation of trend breakage and can go long after a slight pullback as currently the RSI and Stoch RSI are totally in overbought territories.
I will go in with a very tight stoploss as market can turn around in matter of seconds if we hear more bad news :))))))
DOT Short TermDOT will continue its downward trend in the short-term - dependent on the status of BTC, which in the last 24 hours has shown weakness.
The bottom will likely come at $22.50. My previous graph I suggested $26.50 and DOT bounced off of this support.
There is still downward momentum and without a major catalyst the trend will continue. Expect a bounce around $22.50 and strong purchasing from this point.
DOT will become overbought at $40.
EVER HEARD OF THE SEX GODESS NAMED POLKADOT???Greetings fellow Traders,
Today we consider the trading pair DOT/USDT
Looking at the chart above us, we can see that ever since DOT was listed(or after the rebrand at least), Price has continued to respect an ascending Trendline while forming a Ascending Triangle pattern in the process.
Currently Near Support of the trendline, and still in it's Larger Wave 2 correction, Price seems almost bottomed out.
Taking a look at our RSI, ever since the wave 1 top & price hiting our triangle resistance, a bearish divergence was formed, sending both price action & our RSI into territories for a buying spree, most notably the RSI into the oversold region and price into accumulation.
Should that same pattern repeat itself (and it looks just as though it might), we can expect one last retracement to the trendline support before gearing up for another impulse wave move to complete wave 3.
Take profit zone is calculated by taking the length of the triangle from start to resistance and placing it ontop of the triangle, along with some other confluences on the fibonacci tool.
Trade Idea:
--DCA your way down to triangle support
--Target PROFIT ZONE for quick gains
--HODL the rest until strong price rejection.
If you agree with this idea, pls leave a like as well as your thoughts in the comments section.
As always, feedback is appreciated!
Dot Short opp$dot #polkadot setting a lower high and H4 close below 29.7 would offer a nice short set up. Lower Low on H4 would add another 8-12% to the short.
WAIT for confirmation. Not a trade until it closes below horizontal support.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Altcoin comparisons - In case of a correction Following my Wyckoff study two days ago, the potentials for a BTC "Spring" event to effect the Alts needed some consideration. In this study, I have four altcoins for review of their reaction in a BTC correction. I am looking at XPRT, THETA, ADA and DOT. Of all the coins, I find it most difficult seeing THETA making a lower low given it is so far below where I feel BTC will go (in percentage terms). However, anything might happen.