Prepare for the worse plan $DOTAfter the drop passed over the sideways price range, the price of $DOT nearly touched at Fibo 0.886 (15.47)/(A-B), and it seems going Elliot Ending Diagonal pattern following BTC, if the king can also complete this pattern as I did mention in the attached link below, I will prepare DCA - $DOT for the worst plan around 7.16 to complete the expanded correction wave (irregular flat).
If everything will be better, the drop can stop at 11.76 and it will be the Elliot Running Flat before coming back.
Polkadot
$5 DOT?I've heard it so often. Oh, this "coin" couldn't possibly go that low. And inevitably it goes that low.
What is "that low for DOT?"
$5
Yeah, if we break this bottom line of support then there is a high probability we will hit the bottom of the descending channel.
Honestly, kind of hopping for that capitulation so we can get this downtrend over with.
10 years of LitecoinIf the last 10 years were bearish, we are literally days from the most bullish Litecoin price action seen up to date. This is possibly THE most bullish crypto project out there at the moment.
As always: remember of your risk/reward, have a stop-loss in place, don't forget to take profits.
Kusama - long term tradeI am optimistic on the market in this area, not because this coin gave me profits in the past, but the daily graph is an solid uptrend, despite overall dark atmosphere at the moment... I Love the project, I like what I see on socials and definitely it's my top3 pair in next bull run. Very low Volume, watch out it's going to a bumpy ride!
My strategy: I'm going big on every trade consequently putting very tight stop loss so I can execute that setup again with better numbers instead of being stuck with red bags. Sometimes I might catch stoplosses 2, 4, 6 times before reaching TP.
When will there be DOT price $200 on the Polkadot network?Interesting question ?) Let's look for an answer together.
In the comments below the idea, write your thoughts: what is the fundamental news and development plans of Polkadot network that can lead to such a powerful growth of DOT token value?
Our TA tells us that if buyers manage to keep the DOTUSDT price above $14-18 by the end of 2021, that would be a cool buying zone for a semi-annual investment.
The upside target would be around $200 . So if such a plan is successful, an investment in DOT could bring in x10-x15 depending on the buying point.
Let's find the truth about the future of the DOTUSD trading pair together, in discussion, and then we'll take it to the chart and flesh out this global idea.
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Still a long way downBe wary of anyone suggesting there will be any type of significant reversal in the short term. DOT has a lot of way down, before a significant shift back up.
The daily RSI still shows plenty of room to sell and if we mark the weekly averages (pre crypto boom) it would suggest a price between $7 to $8 per coin on DOT.
Without any significant changes, this project will need to continue its downward trend until it humbles itself with where it organically should have grown.
It's time to understand the market is beginning to become wise to having been overvalued.
DOT short squeeze coming?The idea is simple. When you look at the lows of summer 2021, shorts were around the same level they are today.
January 21, 2022 we see a spike in shorts and prices reach macro support levels. If this bid to crash DOT doesn't work then the short squeeze that coming will be akin to the one over the summer and we can expect a 200% plus pump between Feb and March.
My guess is that this spike in shorts are retail shorts that are about to get wrecked.
This is is it folks! $17 or $33It is important to state that this is on a log scale chart. If you plot this on a non-log the bottom line of support is closer to $17.
With that in mind we are at our strong macro line of support. We break this we're going down to at least $17 in my opinion.
Bullish case: it looks like were in a descending broadening wedge which tends to break out bullish. I expect to at least get a bounce to test the top of the trend at $25 where we will hopefully break and head to $33.
Bear case: I still think we hit the top of the trend line at $25 and we dump hard. Breaking that macro trend line will require some volume.
Either way keep an eye for $25. Look for volume pickup at the break out.
Ultimately we need to break $33. We're in no man's land until then.
Dot DCA Strategy$dot #polkadot Weekly chart has been hugging super trend support for 2 weeks straight. M
May start a spot position here. DCA at these levels and exit if weekly close below
A lot of upside potential if $BTC keeps pushing up.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
POLKADOT and an IMPORTANT DECISION before END OF JANUARY 2022!ALL traders and hodlers of Polkadot wait to see what will happen before commencing February 2022 reaching the price to the new resistance of 28 and attacking to the other levels by taking more volumes during February.
let's see and stay tuned with me during the next month to see the power of paracchains' mother, the majesty of Polkadot and web3!
:)