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DOTBTC trade ideas

Polkadot DOT/BTCDots had a solid run over the last month, i only traded this on spot and was happy to ride the waves, how ever im feeling a possible retracement coming at the moment. We have hit a level of resistance and after the run we have had and the 3 impulsive moves, I would be expecting a descent market correction over the next few weeks. Bull case is a sharp and short term pull back met with a continuation of this current momentum, breaking the level of resistance and pushing higher for a new target. Bear case is either a much deeper retracement or we double top at resistance and head back down to the EQ level between the 50-618 retracement of the entire run. I would still consider that to be some what heathy market structure but not something I will hold onto. Basically for this position im watching closely on this short term pull back, if there is a lot of selling i may take my profits early and let it cool down, if the selling is minimal and the pull back is slow, then ill hold my position and watch closely at a potential double top.
by DeNomics
DOT run setupHi all, I saw a few people in the chat mention DOT as a candidate for a huge run and taking a look at it myself, I believe that's close to coming to fruition. What I see is a weekly W pattern with midline bullish RSI trend, positive 14/47 (my equivalent of 20/50) EMAs, equally bullish USD and BTC pairs. I'm 60% in and I am absolutely confident that this will run even if BTC doesn't hold up. For targets, since there is an obvious swing low and high, I will use the BTC chart. Fib 1.618 extension from the previous low of 0.0001800 and high of 0.0010200 sits at around 0.0025000 which is about a 380% run from the current level of 0.0006600. It's difficult to pinpoint a target date based on the wide scale of this pattern but it looks like it may climax around January. Since this is on such a large scale, I suggest that you exit at your own discretion and risk tolerance (because a bearish confirmation might confirm at a significantly lower price point than the current price). Good luck!
Long
by the1747trader
DOTBTC weekly parallel channel#DOTBTC DOT pair of BTC is in weekly parallel channel. a long term line rejected the uptrend price. Although I think price will continue its uptrend and break resistances to reach 0.0009 sats (upper line of parallel channel) that is more than 75% increase from here. and if #DOT price break out from this parallel channel and close a weekly candle above the upper line, price will go up to touch 0.0014 sats (double the hight measure of parallel channel) which is 160% increase from here.
Long
by parissap
1