Fetchbitcoin
SimilaritiesThis pattern has been appearing across a wide range of alt coins including Fetch and District0x, district0x in which i am long on. Is this a bullish pattern? Alt coins may be on the VERGE of large growth. The pattern shows a clear top with an indistinguishable shoulder formation. Any comments on the formation would be helpful..
Cheers
Bixley
FETBTC forming bullish Shark | Upto 168% move aheadPriceline of World's 117th ranked cryptocurrency out of more than 2300 cryptocurrencies Fetch.ai (FET) with Bitcoin pair is forming bullish Shark pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soon.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of FET price action's moves:
After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.886 to 1.13 Fibonacci for a perfect bullish Shark and then the price action will be entered in potential reversal zone of this bullish Shark pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: 0.00000431 to 0.00000305 sats
Sell between: 0.00000555 to 0.00000820 sats
So this trade has potential to produce upto 168% massive bullish move.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
FETBTC formed bullish BAT | A good buying opportunityPriceline of Fetch / Bictoin cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
We have a 100 simple moving average support above the PRZ area therefore the priceline may only give spike in this buying zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000513 to 0.00000492
Sell between: 0.00000524 to 0.00000549
Regards,
Atif Akbar (moon333)
FETBTC POSSIBLE ROADMAN ADDED AND ALSO EXPLANATION READ.TIME TO UPDATE WHATS HAPPENING WITH CURRENT POSITIONS.
I HAVE ADDED ACCUMULATION AND POSSIBLE ROADMAP AS TO WHAT I SEE HAPPENING.
BITCOIN IS BEING PUMPED AND DUMPED CONTINUOUSLY MEANING THAT COINS WILL GO BACK TO PREVIOUS LEVELS AND SOME OF THEM WILL BE DUMPED AS PEOPLE DONT KNOW WHAT TO DO.
FET IS ACCUMULATING AND IS VERY CLEAR AND EVIDENT IN THE CHART.
NOTHING TO WORRY ABOUT THIS IS SOMETHING THAT I HAVE SEEN MANY TIMES ON THE CHARTS AND IS NOTHING NEW.
WHALES WILL GET RID OF YOU SHAKY HANDS AND THEY WILL BUY YOUR COINS AND THEN THEY WILL PUMP IT AND YOU WILL WANT IN AGAIN AND THEN YOU WILL LOSE YOUR MONEY
SET UP A BUY LIMIT IN AREA RECOMMENDED!
$FET, is it time to buy?The price is trading near the trend line, so I think, it's time to buy, small positions only. Buy at the end of every hour of this day to get the best avg price.
Support ~ 2.5k
Resistance ~ 3k
Enter ~ under the trend line.
TP ~ 3.5k
TP 2 ~ 4.2k
My Sub Reddit has the same name as here, a lot of interesting there! Welcome!
GL!
Nearing the End of the Fetch.AI Wave 5?I had meant to post this, but for those of you in our private den you already had the low down.
It looks we will get the final of wave five, now if its anything like the previous wave it could actually break to the top of the bear claw as you can see on our page. But, if it doesnt this conservative point at the 1.618 extension on the FIB seems liek a great profit take for about 40$% of a run from the original set.
This Fetch run has been beautiful, it really taught me a lesson in patience in strategy, especially when dealing with these lower market cap ideas.
As we can see it fit in the same line that we had with MATIC and Celer- There is whales moving and it pays well to pay attention to the waves as they come in,
For this reason ONE also landed on the private bear dens Watch list for those of you have been able to enjoy the wave.
Tijo-
$FET Good Time to Enter Now?Fetch was one of the most hyped project of IEO along with MATIC, BTT, and CELR.
Let's see how this one age.
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