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DOT / Bitcoin

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DOTBTC trade ideas

$DOT/BTC working it's way upDOT is slowly working it's way up through the first fib set. Incase it breaks the All time high of ~0.001, first resistance could appear around the 1.618 line. Expecting it to break that level and work it's way up towards the 2.618, which could be a potential top for DOT. In the case of a breakout away from 2.618, I see the price likely doing to the 4.236 fib line, after which an evaluation of the chart would be required to see if DOT is ready to start progressing through another set of fibs.
Long
by OZmaster
DOT/BTC - Bullish Pennant Forming Hey people! After an extremly bullish leg up with alot of hype around the project in Q1 21, DOT consolidated nicely for 2 months now and is forming a bullish pennant. We are still early in the pattern at the second impulse down and with sitting around the 61,8 Fibonacci retracement at 63.000 Sats , the entry point is quite good. If it brakes the resistance around 78.000 Sats , the measured move price target should be at around 103.500 Sats . From its current price point that would mean a 63,5% move to the upside , with a tendency to overshoot the target considering the current bullish sentiment for altcoins. In case of a bearish turn my Stop-Loss would be around 51.500 Sats. This would equal to a Risk/Reward Ratio of 3.42. Enjoy! BINANCE:DOTBTC
Long
by arnesto1989
2
Polkadot [DOT] to continue upwards movement This is my first published idea, I generally do all my drawings on Binance tradingview tab, cannot export them sadly. Some quick explanations: 0 - This is the move where we start entering the rising trading channel 1 - These are rising wedges within rising trading channel 2 - These are descending wedges within rising trading channel Each time DOT has had it's rising wedge movement broken, it turns into a descending wedge, once trading channel bottom has been touched, a move to break out from descending wedge and continued upwards movement is formed. Once a breakout from current descending wedge has been confirmed, we can expect further upside to atleast the top of the trading channel. TLDR: I am stacking up on DOT expecting the move explained in the chart.
Long
by RaymondBabbitt