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 trade ideas
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.
DOTBTC bouncing from previous local high turned support 0.00072Looking to play the bounce into potentially another ATH test.
DOTBTC was unable to close a candle above the previous ATHLooks like a test of ATH made a new intraday high but was unable to close a candle on the 1hr and 4hr timeframes above the previous ATH price-line. Should continue to trend upwards with a short term support bolstering it ahead, will cover once breach occurs and look for another entry later.
DOTBTC breakout above previous ATHWe previously suspected DOTBTC will look to test ATH once again, looks like it has broken ATH and will continue to run!
DOTBTC looking to test ATH once againA trend-line supported by 100 EMA is somewhat reliable to judge the upcoming trend. DOTBTC is having another try at taking out the ATH of 0.000755, should volume increase and bolster the movement, we can expect a local support of the same previous resistance. Another test to the 100 EMA may present a buying opportunity.
DOTBTC to continue uptrend as previously, after re-testing 20MA Predicting DOTBTC to continue up-trending, after it retested the 20 day moving average this week.
Other times DOT has retested 20MA and shot upwards:
Last week of Dec tested before breaking out above $5
Mid Jan tested before breaking out above $8
End of Jan tested before breaking out above $15-16
Mid Feb tested before breaking out above $32
DOTBTC False Breakout Scalp Short 2021/02/27Pair DOTBTC
Direction Short
Entry 0.00073800
SL 0.00074937
TP1 0.00073402
TP2 0.00073061
TP3 0.00072777
TP4 0.00072436
Signal Rating 3/5
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
DOTBTC is creating a bullish flag The price retested the previous daily resistance as a support, and now it's inside a descending channel. IF the price will have a breakout, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
💡 It's a great buy opportunity in DOTBTC @Polkadot @bitcoinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.00058400). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. FILBTC is in an uptrend, and it is expected to continue.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.58.
Take Profits:
TP1= @ 0.00070000
TP2= @ 0.00074220
TP3= @ 0.00078700
TP4= @ 0.00085400
TP5= @ 0.00092000
SL= Break below S2
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💡 It's a great buy opportunity in DOTBTC @Polkadot @bitcoinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.00058400). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. FILBTC is in an uptrend, and it is expected to continue.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.58.
Take Profits:
TP1= @ 0.00070000
TP2= @ 0.00074220
TP3= @ 0.00078700
TP4= @ 0.00085400
TP5= @ 0.00092000
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn!
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Trade well, ❤️
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POLKADOT: Parabolic Move Just StartedHello Investors and Traders,
My last post suggests a parabolic move for Polkadot in USD. If we take a look at that post, it played out on the short term. However this is just the beginning. Taking a look at the DOTBTC ratio, we see that DOT broke a previous major resistance. So we can expect a continuation for DOT to outpace Bitcoin by about 70%. In USD terms that is about $65 per DOT.
Let me know what you think.
DOTBTC - Long - Potential 16.10%DOTBTC - Long - Potential 16.10%
Entry- 68907
TP1- 74407
TP2- 79949
SL- 63151
- Trigger - Pullback
+++High Risk+++ - BTC volatile
- RR - 2
- Trailing Buy - 1%
- Trailing Profit - 1%
- Trailing Stop-Loss - no
DOTBTC Elliot wave analysisEverything is on the graph
DOTUSDT will follow it
Just a reminder for myself
Polkadot's $DOTBullish long-term.
Bullish ABCD projected here on the 5min timeframe.
$DOT is holding an overall positive momentum, that is being held-up along EQ of current channel. A bounce around 28000 tomorrow and through 37000 by 7th will signal a strong up-trend to ATH.
POLKADOT (DOTUSDT/DOTBTC) Daily Trade Setups 2021/02/18Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin & Ethereum!
Trade Setups
Below are the potential trade setups that I would be interested in trading:
DOTUSDT
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $28 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
DOTBTC
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ 57.5K Sats by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #2: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to 64.3K Sats and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above 64.3K Sats, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
Sharing of live trades that I take.
A great place to help each other, learn from each other, and grow together.
Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
Constantly testing and adding new trading strategies and refining battle-tested ones.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
