Filecoin
FILECOIN's stochastics indicate a strong uptrend to retest highsAfter consolidation FILECOIN is poised to push up into resistance. It might not breakthrough, but you can ride it up to the line for a pretty penny. Or you could just sit on the sidelines and watch while the big boys play..... Filecoin has been in the news recently for increasing institutional demand, and for moving up into the top ten cryptos. Buy-N-Large, blue is the new orange....
FIL: What happened?I'd be very interested if someone can explain what happened today to Filecoin (FIL).
Earlier today a friend told me that someone (who knows who) had bought — over a period of about 1.5hrs — $2.6bn units of FILDOWN/USDT on Binance.
This put the trading volume of FILDOWN/USDT higher than BTC.
We were talking about this, and then 2hrs later FIL sees a massive dump that halted its strong parabolic ascent right in its tracks.
Curiously enough, the dump reached up, on the FILDOWN/USDT chart, precisely to the place where this unknown person or group had bought $2.6bn units of FILDOWN/USDT.
What the hell?
Filecoin with a NASTY red candleFilecoin is strong like bull... but whoa... that red on the 210 is something to pay attention to. If we were leveraged we would be trimming on the bounce back up into this red and step aside for a bit. There's a nasty sell in DOGE too... we are long that coin into the pullback... but more red crushing like this start showing up and we will not be so prone to be long for a while.
This One...Yep, I know the (IPFS) with Filecoin is cool but price not so much feels like it's about time to realize some gains or close to it... That incline is getting steeper not to worry this is still a sleeper (RIP DR Sues) in my opinion based on sentiment around typical Pleb behavior they maybe more inclined to chase their tail rather than get hyped early on a good project and solid team. When talking moon whos literally talking near orbit in the crypto space??? (Elon Musk doesn't count and meme coin jokes for pump and dumps don't count either...)
Unless there is a breather on the Major coins meaning BTC and ETH this sucker is one I am going to keep my eye on and even at that.
😎Tips:
"Noobs please try to understand some people have had bags bigger and longer than you."
***Helpful hint to any newbies out there.. Watch your coin count closely (Think Chuck E. Cheese and your 10 at the arcade) ***
***Don't make those gains in vain.***
Last thing: To those that have reached out with their questions some I can answer from my limited narrow view point and I will put them in a few post coming up to those that would care not just ignoring y'all. "I know, I know everyone is an expert in trading crypto as a GURU in this crypto bull." 🐂 🤷♂️
What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Most will answer with an emphatic "YES!!!" LOL Or am I really the only person that's down to pull profit and even short a little??? LOL
-No advice just thoughts that I can't shake after the last 5 years in the world of "CRYPTO"
" "KEEP CALM AND MANAGE THY RISK!""
FilecoinSalve
miss me?
let's talk about another cool project, Filecoin is a decentralized storage network based on the Interplanetary File Storage (IPFS) protocol. It is designed to utilized unused storage globally into an efficient storage market for users to pay for low cost storage. The objective is to ensure file storage is permanent and distributed across the web. Contrast this with centralized cloud storage solution such as Amazon Web Services, Google Cloud, or Dropbox, where data are stored in servers owned by these private corporations
and I bet you don't care about FIL and you here for money eh
tg 212-215-220 sl 200-195
have fun, stay rich
peace
FILUSDT BULLISH PENNANTAs my last chart on monday 29 (removed because it's the first chart and I forgot to change language from italian to english) the bullish momentum on FILECOIN it's confirmed. Bullish pennant see on 126$ level (TF 4H) like the previous one that gives a big move from 80$ to 120$. Is it possible another leg up in the next weeks, as result of increasing FIl/BTC ratio? Target 200$ by the end of april??
FIL 1D We can expect another +200-300% growthWe haven't written a global FIL overview for a long time. The latest global review clearly worked out the fall from $31 to $21
This point was at least last year.
After that, there was a grueling 2-month consolidation and accumulation of positions by the players.
But after the consolidation, a frenzied upward impulse awaited us. We also warned about it in ideas.
Now what?
Now we have a consolidation of prices before a possible continuation of the upward movement.
Levels from which the FILUSDT price may start moving up: $42, $35-37, and $33
Accordingly, the top targets for FILUSD growth, which are worth remembering, are $75, $85, and $110
If you remember how FILUSDT was pumped from $20 to $400+ last year when the Top Exchanges started listing it, then the scenario looks very realistic.
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Filecoin (FIL) - March 27Hello?
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We have to see if we can get support at 122.4573 and rise above 133.7916.
If it falls, you need to make sure you get support in the 105.4559-111.1230 range.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls between 82.0287-88.4544, a short stop loss is required.
The next volatility period is around April 4.
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(FILBTC 1D chart)
We have to see if we can get support at 0.0022295 and ascend above 0.0024721.
In particular, we have to see if we can ascend above the critical point of 0.0025896.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Filecoin Expressing Relative StrengthWhile the rest of the crypto/token markets are pulling back and Bitcoin down about 18% from its highs, we're seeing Filecoin individually outperform in the segment and looking to breakout into a recent high. In a classic equities market I would usually be much quicker to take my profits as equities don't usually see this much appreciation (unless we're talking penny stocks and high growth categories like software). In this case Filecoin is in the category of frontier technologies and the markets have not quite figured out how to price all of this yet.
I think given the way the current broader market price action looks and the positioning of this technology, there is going to potentially be more trading upside. Now if the pullback on the rest of the crypto and Bitcoin markets become severe enough then that may be enough to pull down Filecoin with it. The trick for me here is to observe what tokens are individually performing against the rest of the market as this is signaling to perform further analysis on that specific token/company.
Taking a further step back and analyzing the macro, we also seeing the dollar starting to rally here as yields become more attractive. I think if this macro picture continues it's path, then we may even see broader volatility across a broad spectrum of asset classes.
Let's watch!
@EnterpriseGuy