POLKADOT (DOTUSDT/DOTBTC) Daily Trade Setups 2021/02/18Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
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Trade Setups
Below are the potential trade setups that I would be interested in trading:
DOTUSDT
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $28 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
DOTBTC
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ 57.5K Sats by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #2: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to 64.3K Sats and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above 64.3K Sats, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
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DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
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Polkadotforecast
Polkadot way to 50$Dot still have power, i don't post indicators to keep chart clean, but 1 day is not maxed at all, i checked orders wall on Big Exchange using Span and the big wall for DOT is 50$.. so for now the King lost Dominance and it's party time for Altcoins. this analyse can turn wrong as altcoins pushed a lot but still possible. like aways you have to invest wisely and keep an eye on the king all the time.
- TP1 : 38$
- TP2 : 50$
- i don't use any stop loss for Polkadot, just restack it if i miss a trade opportunity.
Happy Tr4Ding !
DOT 12h Preparing for another upward momentum?To your attention DOTUSDT which made x4 in a month and it looks like it has no plans to stop)
Unsurprisingly, this coin has collected almost the most votes in our weekly digest to analyze it . We promised - we are doing, by the way, you still have the opportunity to offer your options for analysis.
Around the level of $18.80, sellers became active a little and were able to shake the DOTUSDT price by $4 down to $14.70.
However, it looks like buyers are not planning to give up.
At the moment, the DOTUSD price is consolidating below the level of $18.80.
Such a process can be regarded as preparing buyers to drive the price higher.
The targets from above were slightly corrected, now the zone is $21.50 - 24 . It is these two levels that we will be watching closely as they can become serious resistance for the DOT price.
To drive the price up, buyers should not let the DOTUSDT price fall below $16.50.
We will receive a strong buy signal from the chart when the DOTUSDT price can confidently fix above $18.80.
DOT is pretty technical right now, if you're curious, you can check out our series of DOTUSDT ideas in the related ideas below.
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