Tfuel-btc
TFUEL - BTC$TFUEL retesting the 0.5 fib level , after going under and over. With small alt season in play, and a positive test of 0,5 this could mean another good bounce from TFUEL. Conservative is entry after bounce (up from 1296), aggressive would be buy now or when touching the 0,5. Its also in support zone, just above 0,5. So multiple indicators.
TFUEL - BTCWaiting for retest of fib 382, good entry coming up. The down movement seems to level out a bit, hopefully hovering above 382 then for leg up again. Let me know your thougts ! Still learning this TA stuff, difficult now with BTC playing round but $TFUEL was very strong last week , seems not moved by BTC , so feedback / comments are appreciated!
Just projecting a possible break of the triangleI don´t think the price will go lower than 0,009 in the short term, but 0,0086 is a strong support for Tfuel at the moment and a great entry point if that happens.
If we manage to break that triangle we could see another big pump for Tfuel that could go as high as 0,03 with 237% gains.
I am not saying it will happen, I actually recommend selling at the top of the triangle first to then reenter if the daily candle holds above it.
And of course, as always, BTC needs to help us on that, so don´t forget to use Stop Loss at least at the bottom of that triangle.
Have a great day.
THETA quickie :DTHETA is on of my favorite coins.
I wrote a big article about it on my Quora profile (you can find link in the descriotion)
Sentiments aside. Good setup for a quick swingie
1) Bullish momentum (Higher lows + MACD convergence)
2) Confirmation on all timeframes (even daily)
3) Going against BTC trend
So the actual strategy would be:
1) Enter at 0.5 fib retracement (0.1045$) Why not 0.618? Because the trend is strong it may not go that far.
2) Stop loss around 0.786 (if lower trend is broken = no reason for losing more money here)
3) Take profit potentially everything that is below 0.128$ (historical resistance + high volume trade zone)
Move your stops to new higher lows to make the most out of this trade. Selling half just before 0.128$ may not be that bad idea!
Good luck! Hit that like button if you don't mind!
See you around :)