Look For This EXACT Entry For Polkadot! | Polkadot DOT Price Prediction and Technical Analysis 2021

What's up everybody, welcome back to The Art Of Crypto, the birthplace of absolutely legendary gains. In this video, we are going to take a look at Polkadot and we're going to discuss what's next. Are we going to pump? Are we going to dump? Exactly what levels should you be paying attention to on Polkadot? So if you want to find out exactly what those levels are, you're going to want to watch till the end of this video. And right before I get into it, just to give you a little bit of proof that I know what I'm talking about, Basically, if you just go on my Twitter at _TheArtOfCrypto— and by the way, if you haven't already followed me on Twitter, you're going to want to do so because I'm sharing the latest market updates such as this update on DeFi. By the way, just a free tidbit of information: DeFi perpetual futures, right? If you go on that chart on TradingView, you want to draw this parallel channel. Basically, if DeFi perp breaks out of this channel, then you're going to want to pay attention to DeFi because they are going to move really, really well. And if you don't know what DeFi summer looks like, just head over to a coin like Wi-Fi or Rune or something, and you'll know what I mean. So just a little bit of proof that I know what I'm talking about. If you just go through my Twitter, you can see that basically I'm sniping entries left and right. So I'm not just pulling this stuff out of my a. And if you want the latest market updates as well as free crypto trading setups, you're going to want to follow me on my Twitter. So let's dive right into Polkadot, shall we? And first things first. We have to kick things off on the weekly chart because if we don't get a clear picture of what's going on on the macro, it's impossible for us to identify what's going on on the micro. And so let's kick things off on the weekly chart. And right off the bat, I'm going to need to mark out a few levels that— and these levels are going to be our weekly highs and lows, basically areas that we are going to want to pay attention to where Polkadot could potentially find resistance at. Basically, these higher level— like, these higher time frame levels are going to be really key for Polkadot, and you're going to want to pay attention to them. Because, for example, this weekly low right here, which I'm going to color orange, is going to act as very strong support should Polkadot fall down there. As well as this weekly low right here that Polkadot hasn't broke above, it's going to act as strong resistance. And basically, you always want to be doing your analysis from the top down, where you are giving more weight to the higher timeframe levels and not so much on stuff like the 15-minute and stuff like that. So these are going to be the key levels that we wanna watch out for. And at the moment, I can say this right off the bat, is that I do not really feel that Polkadot is looking really bullish at the moment. Now here's why. So the way that I look at how a coin is bullish, right, from the institutional perspective, because again, if you've been watching my recent videos or even just following me on my Twitter, I keep telling you guys that stop trading like retail, right? Institutions are the ones that can move the markets, so don't try to fight them. No matter how many retail traders you come up with, we're not gonna beat the institutions. Their order sizes range in somewhere in the hundreds of millions to possibly billions. So if you can't beat them, you join them. And in trading, nobody would scoff at you for doing so. But in the NBA, cough cough, I'm not gonna talk about Kevin Durant joining the Warriors, hey, that's aside, that's another story. So back to the charts. So the way that you determine, right, on the institutional level whether something is bullish or bearish is you look at how many weekly levels that it breaks through. So for example, on Polkadot, in this one move here, right, this is a weekly candle by the way. Or actually, if we just go into the daily chart, I could show you this in a bit of a clearer picture. So notice how this one move, right, it's connected. In this single move, we broke through 3 weekly lows, like in one move. And so far during this recovery, we have not even broken through, you know, 2, which is the minimum that you want to look at in order for something to be bullish, right? If I just give you an example, and when I go on to Bitcoin, for example, if we go back to the weekly chart, you can see that even though this one move here broke through multiple weekly levels, but in this recovery right now, we have managed to break through 1, 2, 3, and even 4 weekly levels, which is why I am bullish on Bitcoin, by the way. No matter what other YouTubers might be saying, I am bullish on— I am bullish on Bitcoin, and I believe that the lower time frame market structure, for example on the 4-hourly and below, is bullish. It's very bullish. On the daily chart though, it's not really bullish. And if you guys want to see a Bitcoin video, just type in Bitcoin in the comment section so that I know. So because Polkadot hasn't broke through at least 2 levels in this one move, I cannot be bullish on Polkadot, and I will have to continue to this level at 16.9 as really strong resistance until we break above it. So now that we have identified like the higher time frame directional bias, let's get into a lower time frame such as the daily chart and figure out where it's going to go. So right off the bat, I'm going to give you a straight up a trading opportunity right now with the exact entries. So what you're going to want to do is you're going to want to mark down this level at 16.92 On your own chart, and you're going to want to wait for Polkadot to break above this level, right? You can see that in the last week we have tried multiple times to break through that level, but so far we have not been successful. So for sure you can see that it's acting as really strong resistance. But here's the thing about support and resistances: the more times that they get tested in a short period of time, the weaker they become. Because, for example, I'm just going to tell you I'm just gonna tell you this from the institutional perspective, right? Look at how many times Polkadot got rejected here. So the next time that Polkadot comes back to this level, now what is likely to happen is people are gonna think, yo, this level is really strong resistance, which means we should short this and set our stop loss right above this level. And that is exactly what the institutions want you to think because what's gonna happen, right? If everybody sets their stop loss here, what's gonna end up happening is that there's gonna be a lot of liquidity at this level, right? And remember, the order sizes of institutions, they range somewhere in the hundreds of millions to possibly billions. So they're not going to be buying Polkadot in the middle of nowhere where there's no liquidity for a few simple reasons. It's just the fact that because their order sizes are so huge, they're gonna have like massive slippage if they just buy in the middle of nowhere. So what they're gonna do is the market, right, at least the institutions, they will always hunt out areas of liquidity in the market. So for example, during this crash right here, you can see that we have tested this so-called support multiple times. And so what happens is the next time Polkadot comes back to this area, people are gonna think, yo, you know, this is strong support, so why not we go long here and set our stop loss right below? And that is exactly what the institutions want you to think. So we Look at what happened. And by the way, if you've been following me on my Twitter or if you were in the private Discord group, you would have known this. You would have seen this coming, right? I predicted this, right? Like, look at this tweet, right? Back at June 20th, right? I predicted that Bitcoin would come up to $35,800 and then dump down to $28,700, which is like— it played out perfectly, right? Perfectly. So again, it's just another— I'm not trying to toot my own horn here, but I'm just showing you that I know what I'm doing, right? Bitcoin came up here and dumped straight down to $27, Sorry, 28,700. So this is just proof that the market will always seek out liquidity. Back then, all the liquidity was down here. And so, you know, institutions, they want to buy, like they want to buy Polkadot. So no way they're going to be doing it here, right? They're going to push the price down. And then, you know, perhaps everyone would have thought that this level right here at 13.57, which I'm going to just move a little bit below, right? Everyone's going to think that this level is going to be really strong support, right? Because this is the range low. So buy at support, sell at resistance. And that is exactly what they want you to think. So look at what happened. We, we just wick just a little bit down below there. And if you haven't got the picture already, it's because institutions are stopping out the people who put their stop loss right below that level. So now that the liquidity is cleared, right now, where is the next zones of liquidity? All right, if you just look at this chart right now, where do you think are the next zones of liquidity? Have a guess. And if you guessed up here, then you would have been right. Like, look at the amount of orders stacked above this level right now. Right, what do you think institutions are going to be doing? For sure, trust me, they're going to push the price up. But in the event that they don't, right, because nothing is guaranteed in trading, it's a game of possibilities. The way that you win in trading is you take the higher probability trade every time for an extended period of time, and over time you're going to be successful. That was quite a tongue twister, but it doesn't change the fact that, okay, this is an area of high liquidity as well as down here. But let's not get into this level for now, right? Because right now, right, the market will always move to the zone of least resistance. At the moment, that looks to be right up here. So I know I rambled on for quite a bit, but what you're going to want to do is you're going to want to mark out this level right here, and you want to look for Polkadot to break above this level, right? If Polkadot breaks above this level, then that is your go sign for a long entry, because what is likely to happen is Polkadot is gonna clear out the liquidity over here, right? And the most important thing, the most important thing is that Polkadot is going to break through this swing high right here. So if Polkadot manages to break above this level, right, this is key, this is key, this next part right here is key. Break above and then come back down to find support on this level before moving upwards. This is going to be your entry right here. This is where you buy Polkadot. You do not buy it here because there is a risk that you will get rejected off of this level And go down to hunt the liquidity that is below this level, as you previously saw. So if you break above and then come back down to get a retest, this is called a bullish retest, and it is a sign that the trend of Polkadot is reversing and that we are very likely going to come up to this level right here at $21.33 to stop out the liquidity above, right? And right now, if we just go on to the 4-hourly, I'm going to give you a few take profit targets, right? If you break above $16.9, you're going to want to take profits at $19, right? This is going to be a key take profit zone. Not only is this a weekly low, but at the same time, this looks like an order block right now. And I'm not going to get into order blocks in this video. If you want to learn more about that rather than just hear me talk about it, you're going to want to consider joining the private Discord group where literally every day I'm giving off these kinds of snipes and profitable trading setups. Over here we have everybody, you know, basically just killing the markets together. And every single day we have people posting profits. And a lot of the people in this group have probably paid off their membership probably in the first 1 to 2 trades. So for real, you're gonna make your money back real quick. And the best part is you're gonna get access to literally a world-class trading education. Like for real, if you know nothing about trading and you come into the Discord group, you take— like you learn everything that I share in the trading course. For one, you're gonna build such a strong foundation, and for two, like for real, you're gonna really know what to do in the markets. I'm pretty confident that if you just take this, the chances of you becoming a proficient trader is gonna increase that much more. So if you're interested to join the group, right now I have already closed monthly signups, and for now the only way that you can get in is to buy a semi-annual, annual, or lifetime subscription where you're gonna get a 40% off discount compared to if you just buy monthly. Like, for real, the stuff that you get in this Discord is literally going to pay itself off real quick. So if you're serious about your trading and you're serious about doing this for a career, you're going to want to check this Discord group out. The link is in the description, so check it out. Now back to Polkadot. So that is the bullish possibility. The second take profit target for you is actually going to be pretty high, right, at $24, because not only is this an order block Right, so an order block is basically the last bullish candle, right, before a massive move downwards. So in this case, you can see that this, these are the last bullish candles before this massive move downwards, as well as this is the last bullish candle before this, you know, before this massive move downwards. Again, it's like somewhere about $23 to about $23.50. For now, I'm gonna be conservative and put it at $23. So that, along with $26.40 and $29.40, are going to be your take profit targets. Now let me just move this a bit down. And as you can see, right, again, this is just proof that the liquidity is mostly concentrated above. And right now, let's discuss the bearish possibility, because over at this channel, we are grand strategists. We do not want to be overly biased towards any given direction. So let's discuss the bearish possibility. So again, when I said the market will hunt out the liquidity, it could also mean that, you know, because there might be people going long here All right, but right now on the VPVR indicator, it does not appear so. There is not much liquidity from here, and the fact that not a lot of people are going bullish on Polkadot is a reason why, even though the entire market is bouncing right now, Polkadot is not showing a lot of strength, which is why I said to wait for this breakout above this level and buy the retest, because that is going to be your confirmation that bullishness is returning to Polkadot. The key is to not try to front-run things when you don't know the exact, you know, trend yet. At the moment, Polkadot has not developed a bullish trend yet. Until it breaks above this level, I cannot say that it is bullish. So keep really close attention to this level right here. If it breaks out, right, if it breaks out, go for it for sure, 100%, go for it, right? It will be an easy trade up to about $23 in my humble opinion. But in the event that it does fall, you're going to want to look for this level at $13.52 to hold as really strong support. If it doesn't, right, if it doesn't it is going to be a straight freefall, basically down to about $10 to $11. And basically, if you just take a look at the VPVR, the next high volume node is about $10, right? And now we go back to the daily chart and let's take a look what, what's there, what's at $10. And you can see that $10 is in fact a previous, like, strong zone of, you know, resistance or support. So let's just mark that down. But what you're going to really want to pay attention to is this level right here at $9.6. All right, if you manage to get Polkadot at 9.6, I do believe that this is going to be a snipe. All right, if you follow me on my Twitter, you know how many times that I snipe entries. And literally, if you, if you just join the Discord group, right, I'm sniping entries literally left and right. For real, you're gonna make the money back real quick. Right now, monthly signups are closed though because I want to be able to give focused attention to every single member in the Discord group, and I cannot do that if there are too many people. So if you're interested, head to the link in the description And sign up. So if you manage to get Polkadot at 9.6, if it does fall below this level right here, I do believe it's going to be a straight freefall down to about 10.3, down to about 9.6, right? And 9.6 is going to be the bottom, right? At least temporarily, right? If the price does come down to 9.6, what you're going to see happen is Polkadot is going to get like a massive bounce, probably at least 10% to 20%. Of course, I, I cannot say for now because it's way too early. Like, we're still here. But in the event that it breaks below this level, it is going to be a free fall. Okay, it is going to come down straight to about these 2 levels. And right now I'm giving you guys the exact levels and the exact methods that I would trade this. So if you can't even take the time to mark down these levels on your own chart, there is literally nothing more that I can do for you. Just on the side note, right, for those of you who are ballsy enough to take a short, if Polkadot does break below this level, right, let's just mark it down. If Polkadot breaks below $12.7, you can actually take a short and it will be a— let's take a look here— $12.7 to about $10.2. That's about a 20% to 25% trade. So if you're on 10x or 20x, that's at least a 2 to 5x return. Of course, leverage safely, leverage smartly. Don't be risking your entire account on leverage. Okay, so those are the exact entries that I would take. And if you've watched until this point so far, Please comment down in the comment section Bitcoin to confuse the heck out of everyone who did not watch to this part. And honestly, if you had the dedication to watch until this point in the video, you are so much ahead than 99% of other people right now. And trust me, if you keep this up, you're gonna be highly, highly successful sometime, right? It's, it's only a matter of when. And if you want to speed up that process, I'm gonna highly encourage you to join the private Discord group over here. Not only are you going to be able to network with you know, similar people. You're gonna get access to my sniper calls every single day. And most importantly, you're going to be able to build an amazing foundation after taking that trading course, and you will learn exactly how institutions like to trade. And trust me, when I found out about this, it changed the game for me even as an experienced trader. So think of how much ahead you would be compared to other people if you knew this as a beginner. I'm just saying. But for now, I'm gonna leave you off with this. Remember, the first entry is going to be that breakout and retest, right? I explained to you why this level is very major and why you need to pay attention to But if you do fall below either of these levels, you can take a short and you are likely going to get— you know, both of these are pretty good trades, right? And I've gave you the profit levels as well. So with that said, may the gains be with you and peace, my friend.