DOTBTC 3% short?Reached 200MA wich probably means it will not crossover. I didn't short but I sold the position that was open with my sign.
DOTBTC trade ideas
DOT BTC/USDT Pairing Both BullishDOT/BTC
1. strong demand @ 0.00066
2. bullish divergence on RSI
DOT/USDT
1. symmetrical triangle consolidation
DOT looking bullish to 85k-90k sats (+30%)START
I am not a financial advisor and this is not financial advice.
I am not a professional, I am a learner.
Comment any thoughts, good or bad! <3
THOUGHTS
20 EMA acting as support.
Actively retesting channel support.
Ichi conversion line above base line.
Price action above green cloud.
Decreasing sell volume.
Divergence in EMAs.
RSI Underbought.
If today and/or tomorrow can remain above the BB basis, I dig it.
FOOD
ETH: 0x1535ca65124459a9Fabd8e2Df7A5B63beD99fA9E
BTC: 1MM1fgZAwRnGw9LmaUkTxxi457wDvLerkR
Thanks for reading!
Like the idea if you liked the idea!
DOT Short Term AnalysisHello guys, I'm very new to this Technical Analysis thing, and just am practicing.
I'm not an expert, but an aspiring Analyst and want to become an expert soon.
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I have had ~0.5 BTC worth of Polkadot ~588 DOT @0.00068000 and just decided to get out @0.00068900.
What I have here is a what looks like a Ascending Triangle / Rising Wedge and we are about to see price dip.
Another possibility is that we are in this channel and price would go up to 0.00080000 sats.
I feel like the break out of the Rising Wedge is more likely and therefore the price will dip to around 0.00060000 sats.
The descending RSI also support this idea.
DOT/BTC dip before the boomDOT looks bearish on the 1 hour time frame. If DOT breaks the support line it will dip approx 9%, would be a good buying oporunity.
Offcourse it all depends on what BTC will do next.
My prediction is based on technical analysis , do your own research I am not an experienced trader so don't take this as financial advice.
Any feedback is much appreciated, good luck :)
DOT/BTC Alt Coin Craze Around the CornerDaily Chart
I am seeing a lot of money being put into altcoins based on money flow. This chart is DOT performance against BTC instead of USD. The huge negative moneyflow has completed around Feb 10th 2021 and now moving into Positive Green money flow. Momentum trading and accumulation is important when there is no price history for support and resistances. I put ADA in the chart to show how DOT will perform about the same. ADA has been around longer therefore more history for data points. What is happening to ADA will happen to DOT and a few other coins.
I am extremely bullish on DOT and therefore accumulated during the BTC downturn and hopeful of the launch in the first half of the year. I don't expect to hold DOT till end of this year. Can't go wrong in a bullish market right?
DOT bottom?This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
DOT can go much higher, only for risk takersThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
DOTBTC retracing from ATH and looking to retest supportAs predicted, a sell around the new ATH would have been ideal for those of you who didn’t, and a hi5 to those of you who did! Kudos!
1hr timeframe still shows room for a support retest, although 30min and smaller timeframes look promising here for a buying opportunity. I’d be more comfortable when the 1hr timeframe shows a signal.
Note: BTC capitulation is also underway, trend should resume should 47k support hold. If not, we might breach support, in which case we will revaluate.
As predicted, DOTBTC broke through ATHAs we has speculated, a new high is in the cards and I’m predicting we see a retest of the 100MA or a pullback here. Previous high of 0.00074 may be a support, and will shed more light on the future trend.
DOTBTC uptrend continues, potential retest of ATHAs predicted earlier, the 100MA proved to be a great buying opportunity to hop on the train to potentially retest and make new ATH. Volatility can be a concern but as long as bitcoin capitulation doesn’t take place, bullish trend is likely to continue.
DOTBTC bullish trending to test ATH once againAs postulated earlier, DOTBTC was held on the support of 100MA and is now at the levels of previous local high 0.00072. Whether or not this level is acting as a resistance will decide if we can retest ATH and look to extend further beyond.
DOTBTC confirmation of bounce from 100MA once againAs speculated earlier, looks like there is a solid support line as this bounce suggests. I postulate a buying opportunity and riding the wave to test ATH.
DOTBTC testing 100MA as speculated, potential buying opportunityDOTBTC is once again testing the 100MA, which has proven to be a strong support this trend up. If support holds, we should test ATH again.
Would recommend waiting for a green candle to close above the 100MA before adding, and trimming position if support does not hold.
100MA acting as support trend line for DOTBTC In a strong trend 100MA is acting as a support, price bounces relatively quick on every test of the 100MA
DOTBTC's previous local high is now evidently the new support0.00072 was the the local high that acted as resistance earlier, and now is a pretty good support. Bouncing off support into potential territory to test ATH again if bitcoin capitulation doesn't occur.
