Cryptocurrencies Price Prediction: Polkadot, Bitcoin & Axie Infinity

Why Bitcoin could see the Christmas holiday begin a 50% rally

Bitcoin price has developed the necessary conditions for a Point and Figure chart pattern known as a Bear Trap. However, it has also developed conditions favorable for a Bearish Catapult setup. Bitcoin price action on its $1,000/3-box Reversal Point and Figure chart has developed two patterns, one bearish and one bullish. Both represent trades that have high positive expectancy rates. But one trade has significantly more profit potential than the other.

Polkadot bulls pour in and rally DOT higher

Polkadot price could experience an unprecedented spike over the next week and extend into late January 2022. The setup on the $2.00/3-box reversal Point and Figure chart indicates a more than 300% move higher from the present value area. Polkadot price has a strong bullish reversal Point and Figure chart pattern developing. That pattern is known as a Spike Pattern. A Spike Pattern is any columns of Xs or Os with fifteen or more boxes.

Axie Infinity presents buy opportunity before AXS hits $170

Axie Infinity price action has an outstanding bullish early entry opportunity coming up. An A-B-C Corrective Wave was likely completed when Axie Infinity hit the 161.8% Fibonacci retracement near $90. That move simultaneously created the conditions necessary for one of the most sought-after bullish reversal patterns in Point and Figure Analysis: the Bullish Shakeout.

Share: Cryptos feed

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.