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DOTBTC trade ideas

Polkadot DOT/BTCDots had a solid run over the last month, i only traded this on spot and was happy to ride the waves, how ever im feeling a possible retracement coming at the moment. We have hit a level of resistance and after the run we have had and the 3 impulsive moves, I would be expecting a descent market correction over the next few weeks. Bull case is a sharp and short term pull back met with a continuation of this current momentum, breaking the level of resistance and pushing higher for a new target. Bear case is either a much deeper retracement or we double top at resistance and head back down to the EQ level between the 50-618 retracement of the entire run. I would still consider that to be some what heathy market structure but not something I will hold onto. Basically for this position im watching closely on this short term pull back, if there is a lot of selling i may take my profits early and let it cool down, if the selling is minimal and the pull back is slow, then ill hold my position and watch closely at a potential double top.
by DeNomics
DOT run setupHi all, I saw a few people in the chat mention DOT as a candidate for a huge run and taking a look at it myself, I believe that's close to coming to fruition. What I see is a weekly W pattern with midline bullish RSI trend, positive 14/47 (my equivalent of 20/50) EMAs, equally bullish USD and BTC pairs. I'm 60% in and I am absolutely confident that this will run even if BTC doesn't hold up. For targets, since there is an obvious swing low and high, I will use the BTC chart. Fib 1.618 extension from the previous low of 0.0001800 and high of 0.0010200 sits at around 0.0025000 which is about a 380% run from the current level of 0.0006600. It's difficult to pinpoint a target date based on the wide scale of this pattern but it looks like it may climax around January. Since this is on such a large scale, I suggest that you exit at your own discretion and risk tolerance (because a bearish confirmation might confirm at a significantly lower price point than the current price). Good luck!
Long
by the1747trader
DOTBTC weekly parallel channel#DOTBTC DOT pair of BTC is in weekly parallel channel. a long term line rejected the uptrend price. Although I think price will continue its uptrend and break resistances to reach 0.0009 sats (upper line of parallel channel) that is more than 75% increase from here. and if #DOT price break out from this parallel channel and close a weekly candle above the upper line, price will go up to touch 0.0014 sats (double the hight measure of parallel channel) which is 160% increase from here.
Long
by parissap
1
Polkadot, what next?Chart Overview * 3 Day Dot/Btc Daily * Gann Box * Fibbonaci Circles (0.618 to 0.786) * Red Shaded Rectangle (Potential Resistance formed by VPVR) * Green Shaded Rectangle (Potential Support formed by VPVR) * Diagonal Cross/45 degree line (Blue) * Vertical Cross (Green) Analysis DOT is sitting within the Fibbonaci Circle and the two price/time Gann lines, the line below the price that forms the diagonal cross represents the 45 degree line which is considered an ideal balance of price and time and could form a strong support heading upwards. The line above could act as resistance keeping the price within a megaphone pattern. The green cross can act as pivotal price points which can push the price up or down. Conclusion Dot has seen a massive correction, more so than many other coins, even if it were to break down below the diagonal cross or 45 degree line, strong support is awaiting making the bearish argument hard to make. The bullish argument is strong, we are close to lots of support (the 45 degree line, the 0.786 circle, the green rectangle) and resistance is far ahead at 0.0006. Targets * Less Likely: Bearish = 0.00032 * More Likely: Bullish = 0.0006 What do you guys think, bullish or bearish? *Disclaimer: Not professional advice.
Long
by cmpkpersonal
1
DOTBTC is testing the weekly support 🦐DOTBTC is testing the weekly support after a retest of the Fibonacci level. IF the price will lose the current support, we can see another bearish impulse until the next weekly support. If the price will have a breakout upward, we can see a recovery until the next weekly resistance. In that case, the best choice is to wait for the clear move ––––– 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.
by InkyGrip
18