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Important Update - Polkadot

1D chart - Polkadot (Bitfinex)

Foremost, I have been very happy that our last analysis on Polkadot got a lot of positive comments. Thanks to everyone!

Our last analysis on Polkadot absolutely NAILED the projected wave count, the only small difference is that we established an overshooting (b) wave.

Nevertheless, a lot of the Polkadot chart hints towards a "Make it" or "Break it" scenario, I don't want to instill fear in you guys but wave (ii) retraced a lot!

Polkadot got very near the crucial 0.786 retracement, and it's of great important for me that we don't breach below this retracement. The count wouldn't be invalidated, of course, but the longer we stay at these low prices, the more I get impatient with the upcoming wave (iii).

Let me say this clear, especially for long-term investors, we are at very attractive price levels and the fearmongering I see on here is just ridiculous. Polkadot experienced a VERY BRUTAL bear market and lost nearly -93% of it's value since November 2021, bearish investors who now call for "another" -50% price drop should zoom out and really think this through again. Don't get me wrong, it's always important to cover alternative scenarios and one should never underestimate the irrational nature of the markets. But the way I see people on here out "Doom-post" one another is just misleading and fooling inexperienced investors.

Stay strong guys, don't act on panic in these times - these troubling times will soon come to an end!

Please note that we are already invested Polkadot since the 29th of July and the 14th of February 2023, back then we announced our first positions here on tradingview.

If you should have any questions whatsoever, you can write a comment or contact me directly!

Long #1 Polkadot ( DOTUSD )



LONG TERM TARGET: 55$ and more

Long #2 Polkadot ( DOTUSD )



LONG TERM TARGET: 55$ and more

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