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DOTBTC trade ideas

💡Don't miss the great buy opportunity in DOTBTC @Polkadot Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.00043). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . DOTBTC is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 58 Take Profits: TP1= @ 0.00048 TP2= @ 0.00050 TP3= @ 0.00053 TP4= @ 0.00056 TP5= @ 0.00060 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! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
4
💡Don't miss the great buy opportunity in DOTBTC Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.00043). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . DOTBTC is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 58 Take Profits: TP1= @ 0.00048 TP2= @ 0.00050 TP3= @ 0.00053 TP4= @ 0.00056 TP5= @ 0.00060 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! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
DOT/BTC: Expecting Bullish MovementHi every one DOT/ BTC DOT/BTC is in a Broadening Wedge Pattern. This Means The Price has a Great chance To Still Range In This Pattern cuz There is No Break out Here yet. We Can See That The Price is right at the Bottom Of The Mentioned Pattern. So This Means The Price has a Great Chance to Increase From Here and Reach The Top of The Broadening Wedge Pattern Which is also a Resistance Zone For it as well. There are also Regular Bullish Divergences (+RD) On MACD & RSI which Makes Us Think The Expected Bullish Movement is Pretty Reliable. What Is Polkadot (DOT)? Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3. Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community. Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services. The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain (explained further down). Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, and bonding tokens to connect parachains . Polkadot has four core components: Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains; Parachains: independent chains that can have their own tokens and be optimized for specific use cases; Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model; Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.
by CobraVanguard
2
DOT/BTC in coming DaysHi every one DOT/BTC chart is speaking it self! DOT/BTC has formed a reversed head and shoulder pattern which means that the price would increase as much as the measured price movement(the length between the neckline and the head). The neckline is already broken so now the price can easily do It's expected movement. 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
25
DOTBTCHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. You see the S1 line which can be the support area for the price. If the S1 line holds, then the next target for the price will be the R1 line. There is also the possibility for the price to fall down to the S2 line and if that happens, then the target for the price will be first the S1 line and then the R1 line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
One more pump for DOTBTC before a dump?Of course this is conjecture but given BTC's market dominance I could see this scenario playing for DOTBTC. I could see DOTBTC having a decent pump to test the top of the rising channel trend line. Which depending on where BTC is at the moment could put it between $30-$33 USD and retesting the DOTUSD local high range. If we assume that BTC dominance has bottomed and will turn around over the next few weeks then I think it's reasonable to see DOTBTC dump to the bottom of it's macro trend line before reversing and eventually breaking out of its macro symmetrical triangle. To me this is the bullish scenario if we assume that BTC dominance is going be reversing sometime soon. If BTC dominance crashes and we go into an alt season then everything changes and we reevaluate.
Long
by CryptoNCoffee
Ichi says "Wait for it..."For the last few days wild predictions have been flooding the crypto market regarding DOT with unbelievable TP levels, even if some may come true we can see that we are still beneath the kumo, furthermore in the btc pairing we can see a clash with the kumo , The TOTAL3 market, shows it lingering to critical support below the 200EMA, a reverseasl may be imminent but so far it hasn't happened yet, also the whole chart looks like a giant HnS mixed with a bearish triple top, which from the present point can be the just the beginning of a huge drop If we look at the Stock to flow model, we can also spot that we are changing from green to cyan showing that the BTC is cooling its cycle, i think maybe everyone is just way too optimist for the current situation since in the 3dtimeframe volume has just crossed below the kumo. we are still bearish with the RSI, beatish on MACD in the BTC pair in higher timeframes, and I wouldnt be the least surprised if we went up a bit to test resistance proceeded by a massive dump. or a long sideways movement trending downwatds before we cross upwards. if we do dump the next stop is at 13 USDT. Either Way its only bullish once it crosses the kumo on the higher TF. I personally will start looking for entries then at lower time frames. Trade carefully Short term:Bearish Long term: Neutral Disclaimer: This is a personal interpretation of the market charts, and is not intended in any way to sustain or provide financial advice.
Short
by El_Morenito
Bullish, but waiting for entryDOT appears to have formed a symmetrical triangle with BTC. The most recent 4-hour bullish divergence would've been the ideal place to enter a long, but now that we are retesting daily moving average resistance, I'm on the sidelines until I see another obvious entry. For long-term investors, we are still at an accumulation level so if you're looking for DOT exposure, this could be a good place to start averaging in. ----------------------------------------- I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
Long
by mercury_rising
2