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Weekly forecast Polkadot / Bitcoin technical chart
Symbol DOTBTC

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Trade Setup

#DOTBTC
Total Profit: 19390 pip (504%)
Closed trade(s): 8750 pip Profit (228%)
Open trade(s): 10640 pip Profit (276%)

Trade Setup:
We opened 9 BUY trade(s) @ 0.0003830 based on 'Valley' entry method at 2021.07.29.

Closed Profit:
TP1 @ 0.0004290 touched at 2021.08.01 with 460 pip Profit (12%).
TP2 @ 0.0005130 touched at 2021.08.16 with 1300 pip Profit (34%).
TP3 @ 0.0005520 touched at 2021.08.16 with 1690 pip Profit (44%).
TP4 @ 0.0006100 touched at 2021.08.31 with 2270 pip Profit (59%).
TP5 @ 0.0006860 touched at 2021.09.01 with 3030 pip Profit (79%).
460 (12%) + 1300 (34%) + 1690 (44%) + 2270 (59%) + 3030 (79%) = 8750 pip (228%)

Open Profit:
Profit for one trade is 0.0006490(current price) - 0.0003830(open price) = 2660 pip (69%)
4 trade(s) still open, therefore total profit for open trade(s) is 2660 (69%) x 4 = 10640 pip (276%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 0.0005130 is broken, we will close open trades.
DateSeptember 5, 2021 - 04:57
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.0005130 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.0005130 is broken.

Technical analysis:

  • A trough is formed in daily chart at 0.00050300 on 08/27/2021, so more gains to resistance(s) 0.00068600, 0.00074000, 0.00076500 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 66.

Take Profits:

  1. 0.00042900
  2. 0.00051300
  3. 0.00055200
  4. 0.00061000
  5. 0.00068600
  6. 0.00074000
  7. 0.00087500
  8. 0.00101700
Click on the level to view price action history.
Symbol Released Current Forecast
Polkadot / Bitcoin (DOTBTC) Wed, 3 Apr 2024
Polkadot / Bitcoin (DOTBTC) Tue, 30 Jan 2024
Polkadot / Bitcoin (DOTBTC) Wed, 10 Jan 2024
Polkadot / Bitcoin (DOTBTC) Sun, 17 Dec 2023
Polkadot / Bitcoin (DOTBTC) Sun, 12 Nov 2023
History
Daily-Trading-Opportunities on DOTBTC.