- So i predicted many times that 4.30$ was the bottom. - And i was wrong, Polkadot is still young.
- Trading Altcoins is like that, it's really hard to predict a perfect bottom with a new project.
- it's much more easy with BTC because TheKing volumes are high and it stays around from many years already.
- Remember that Trading is trying to predict the future by looking at the past, more you have data from past, more the job is easier.
------------------------------------------------------------------------------------------------------------- - A bit FA here : ------------------------------------------------------------------------------------------------------------- - Polkadot did the same as Cardano's first bullrun, it went back to the start. ( i will post a Cardano Charts in comments ) - Actually it's not a sign of weakness, but an opportunity. - Polkadot didn't make noise just because they want to build steady following some SEC rules.
- Now if you follow the news, you can find that Cardano, Polygon and Near Protocol are building on Polkadot's SDK, DYOR it more to get some more informations. - With time Polkadot could be the mother of all blockchains connections and interoperability.
- Remember what they had to do with ETH when problems came around, they forked it for ETC ( Ethereum Classic ). - Polkadot doesn't need any FORKs, everything can be changed by votes in the governance.
- The difference between DOT and ETH is very simple. - Polkadot is scalable, Ethereum is not.
------------------------------------------------------------------------------------------------------------- - Trading Parts : ------------------------------------------------------------------------------------------------------------- - So Right now look at the graphic. - DOT made a bottom around 3.60$. The exact same bottom it did in 2020. - DOT is actually staying near a demand zone (6$).
- i do not recommend to buy now but wait for a retracement or a breakout from this area. - To get peace of mind i would buy DOT after 8$, after that zone, it's a free fly!
------------------------------------------------------------------------------------------------------------- My predictions on DOT for the next bullrun are unchanged : ------------------------------------------------------------------------------------------------------------- - Security TP : 85$ ish - Middle TP : 140$ ish - Max ATH : 220$ ish -------------------------------------------------------------------------------------------------------------
- if you missed to become a Whale with ETH in 2016. - Here yours second chance with Polkadot.
- Stay S4fe
Happy Tr4Ding !
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- Here Cardano first bullrun in 2017-18. - Notice the similarities :
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i will link some charts that i did for Polkadot in the 2021 Bullrun.
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first extension :
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Breaking 8$ range is the key.
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We need a weeky candle to close higher than 8$ to confirm a bull reverse trend. keep focused.
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lets see tomorow but it seems 8$+ still on track for monday new candle. Merry Xmas! Next Smaller Resistance is 10$.
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just a step.
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come on..
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Don't think we are in a bearmarket. we are in a Prebull Market. Next Target will be a free ticket to 23$ ish. Reserve your seat.
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they will never back where they are. mark my words and charge ur bag. we are so early.
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- supports turn as resistances. - resistances turn as support.
- Remember the fundamental simple rules of trading.