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FETBTC trade ideas

FETBTC Supply and Demand Zone Reality Check: Investing/Trading is a Zero-Sum Game and based on the greater fools theory if you are not buying dividends. You buy because you seek a profit,** just like the person who sold the stock to you** - the equity stock market and the real world are not correlated to each other but a believed correlation there of. Once understood, there is more value in knowing how your competitors/other market participants think and act. It's only logical to then track the big players and or the crowd when they are accumulating and distributing. Risk Management, the reason you stayed **in the Game** is a Minus Sum Game, more than 60% at minimum lose money investing/trading. Having a 10% Loss takes a 12.5% Profit to go breakeven, a 90% Loss takes a 900% Profit to go breakeven. Risk Management Principles: 1) Assume being wrong until proven correct 2) Add on to Winners, BUT treat them as individual positions Imp. Metrics: 1) Action/Inaction Ratio for Research = The shorter the Timeframe the less research you make to not miss out, the longer the timeframe the longer the timeframe 2) The more you investigate, the less you have to invest Info about this trade: na
by UnknownUnicorn5507594
Double Bottom Is In FET/BTC #FET $FET #FetchAIHere we see our FET daily chart from Bitfinex . You can see we have had a Double Bottom ! That China miner's shut-off seemed to cause a slump in the whole market.And it definitely caused what appeared to be our Bullish Inverse Head & Shoulders pattern to fizzle out a bit at the end and form instead the Double Bottom you see now on FET . But this is a good pattern ! So don't lose hope! It's target should be the 1800/1900 area marked with a green X on the chart above. You can see our 550 bottom from a month ago ? And now last night we wicked very close to it (doesn't have to be exact but within 3% of our previous bottom and we have a Double Bottom !) And we wicked to within 18 sats of the previous bottom last night and that's about 3% from our last bottom so the Double Bottom is in !! Target of the Double Bottom will be the distance from the bottom to the neckline -once we break over the neckline - should pump the same amount up at least over the neckline ( to where that green X is on the chart . ) That would put our target on this Bitfinex chart at about 1800 but on the Binance chart the neckline is just a little bit higher and so the target would be around 1900 ! Great stuff ! I would love to see these numbers come in this Summer ! Also I'd like to say a word about being flexible and not giving up hope . This market is volatile ! And it can change quickly. Especially in a Bullrun year. But wild swings is what gives the Crypto market it's great profit potential and it's why we're here . So be prepared ! Have a Trading Plan ! And have an idea of where you would like to enter and exit . I'm here for the long haul and I have great hope for this Bullrun so I'm not going anywhere but if you are noob it may be easy to lose hope when you see the market pulling back. Just understand that wild swings are normal in a Bullrun year and we should see our FET well over 5400 sats by end of year , imo.
by shimmeringpath
3
Inverse Head & Shoulders ? FET/BTC #FET $FET #FetchAIHere we have our FET daily chart from Bitfinex and you can see what appears to be an Inverse Head & Shoulders pattern forming .This is good .If that is indeed what it is than we are probably finishing the right shoulder formation now . And the target of that should be our 1500/1600 area again . We thought we might go back there after that Butterfly pattern seemed to play out but it didn't quite get there . These harmonic patterns don't always play perfectly. Sometimes they do but sometimes the market is quite volatile ! Anyway I feel FET will see upside and do very well this year . You can see we have also hit a red #8 of a TD Sequential 9 (the numbers under the candlesticks and one of my favorite indicators.) That should signal a turnaround is coming because as you can see - the bottom is in .
by shimmeringpath
I'm a Fan of FET/BTC #FET #FetchAI $FETHere we see our FET daily chart from Binance with that colorful Gann Fan indicator on it ! This indicator really explains why FET has had the ups and downs it has had lately because it really seems to fit this Gann Fan . You can see it's a steadily rising fan we are in but we need to break up into those higher levels ! You see where that black arrow is pointing on my chart ? If FET can close above that line it will be extremely bullish because that will take us into the higher blue areas on the Gann Fan and in a Bullrun year that's where I think we are going . I know many people online have become disheartened because of all the nonsense and trolling that goes on. But stay strong ! This is probably a big Bullrun year for Crypto. You can see even in the Kucoin chart of FET that the Gann Fan should play out . Targets appear to be Fib levels but I would probably use the Binance chart for those . Anyway I'm still a fan of FET and they are set to have news this coming week too .
by shimmeringpath
Butterfly Effect FET/BTC #FET $FET #FetchAIA Bullish Butterfly pattern appears to be forming here on our FET daily chart . Wow! We just dumped out of that triangle/pennant structure we had been in before! It happens in crypto - what can I say ! Every chart dumped when Bitcoin dumped . We were in a triangle type structure before but we broke bearish and went below it . You can see what looks like a letter 'M' on the chart now? That could be what is called a Bullish Butterfly harmonic pattern . Now I should say at this point that this chart DOES NOT fit the butterfly pattern perfectly. But it fits pretty close and if that's what it is then our bottom should be in more or less (though it can always wick a small amount ) . That's Point D of our harmonic . We went there last night . If we break upwards from there our target is the 1.618 fibonacci extension shown on the chart which is at 1398 sats ( where the little X is on the chart ). That would be the target .Now keep in mind if this chart continues to break downwards then it might invalidate this Butterfly pattern and there might be something totally different going on ! We have to let it play out . Things can change quickly in crypto . It is what it is . Now I've had a couple critics of my charts say that "Hey! You were wrong about that triangle ! Maybe you're wrong about this too ." I can only say when Bitcoin dumps many chart patterns will change into something else . It happens . We must be prepared for wild swings in a bullrun year . I'm still learning too , but at least I'm trying. Also you will notice the name of this chart is Butterfly Effect - this is a concept from Chaos Theory which seems to fit the last couple of weeks pretty well ! It's the idea that one small change in a system can cause much larger changes to happen in that system later . Or put another way that one small incident can have a big impact on the future ! Wow! That fits the times we're living through right now ! Where one small sentence from Elon can cause massive changes in the markets ! But anyway - it would be nice if the dumping is done and we start a rise toward 1400 area. Let's let it play out and see.
by shimmeringpath
Crunch Time For FET/BTC #FET $FET #FetchAIIt will soon be Crunch Time for our FET chart ! As you can see - after our big rise - we've been in this triangle for a couple months - consolidating but being supported by our higher timeframe Ichimoku clouds also (3 day and weekly . ) It seems by June 5th we will reach the apex of this triangle and at that point we must pick a direction. Now with Bitcoin's recent dump down to 30k that has caused a dump from our recent attempt to break upward out of this structure and continue up to 1550 area . So our chart is left looking a little funky ! But since there are other indicators such as Ichimoku and also the general trend upward during a Bullrun year I would still expect this triangle to break upward within a couple weeks . I'm prepared for Crypto to throw me some curveballs though ! As we've seen recently even a tweet from my guy Elon Musk can send a coin pumping - or not ! But you have got to remember - it's a Bullrun year ! This is not a normal year . Any coin coming from the bottom should start to hit it's fib retracement targets at some point . And we've yet to reach our first fib target near 3420 , which is our .236 fib . I firmly expect us to get there . And above ! Question is what structure we take to get there after this triangle plays out . I'll link my fib targets for FET in the linked chart below . Also as a side note - you may notice I was calling this a Bull pennant before and I'm now calling it a triangle ...well, you've got to be flexible in crypto because sometimes chart patterns change ! And if something is taking a longer time to form it's actually possible it's a symmetrical triangle type structure as opposed to a pennant ( since a pennant generally doesn't take as long to play out . ) So be prepared to change your view if things play out differently ! But I'm still bullish and I still expect upside here . Let's see what the next 2 weeks bring . Sidenote - some people are calling for Bitcoin to dump to 20k but that is not guaranteed to happen so take it with a grain of salt.
by shimmeringpath
6
Cup And Handle on the daily. FETBTCmassive cup on the daily. just a move to the neckline is 69%. Not much history on the chart, has been in a downfall since the listing, until a move upwards and into this bullish pattern that's been forming. Simply playing a breakout, and will be watching this current low (second yellow line) to hold as a higher low. with a bullish move i will push my stop loss up to below the start of the move and keep a tight stop loss considering where we are currently with btc. Spot entry @ 900 sats
Long
by thenextdayiwasfree
Bull Pennant Confirmed FET/BTC #FET $FET #FetchAIHere we see our FET daily chart and you can see what clearly looks to be a Bull Pennant forming . It looks like FET will break upward from this pennant by the end of May . First target area would obviously be the 1550 resistance that we've already hit a couple times . The only question is can we break above that area and close above 1550 . It could take time . But when we do that we will be extremely bullish ! And almost certainly we'll see our 3200/3420 area sometime after that . I'll link my FET targets chart below that shows the targets above us . You can clearly see our April break down to 700 area and our recent break down to low 800s area have clearly formed the bottom edge of our Bull Pennant . This pattern is a Bullish pattern - it's very good for us ! Target is our 1550 resistance area where that green X is on the chart .
by shimmeringpath
4
Bullish Candle Close ! Here We Go ! FET/BTC #FET $FET #FetchAIGreat news for FET ! After that pullback we've finally closed a candle that breaks above our downward trendline . This looks Bullish -and good to continue up. We will be revisiting that 1550 area again it seems . But will we finally break through it ? It will be our 3rd time now to hit that resistance there . Will we break through it this time ? 3rd time's a charm ! Let's see ! After we break through that 1550 area I would expect us to hit 2000 or so and then go towards our Cup & Handle target near 2890 . Weekly resistance is near 3200 sats and our .236 fib is 3420 . Above that is fib targets which I will link in my chart below from March . Notice we hit a TD Sequential 9 in red going donward but that last Number 9 candle is actually turning green as well as breaking above that trendline ! You can see it where the green arrow is pointing on my chart . That's our turnaround candle ! This looks absolutely good to continue up as well as having great fundamentals and a great team at Fetch AI .
by shimmeringpath
2
Bullflag 6 hour FET/BTC #FET #FetchAI $FETHere we see our FET 6 hour chart . And it's in a clear uptrend . We've stayed above 1000 sats since hitting that 700 area few weeks ago .I said at the time I thought that pullback to 700 area was the completion of our Handle from that Bullish Cup and Handle pattern,and I still think so ( target of that was 2890 which I still think will happen but first we must retake the 1550 area and break above it . ) You see that purple arrow on the chart ? That points at what appears to be a Bull Flag on the 6 hour timeframe . In between those pink lines. It's a bullish pattern that happens after an uptrend and says we should be seeing more uptrend soon .Also notice we are about to have a Golden Cross on our 50 MA (light blue line ) and our 200 MA ( drk blue line .) That light blue line going up and through the dark blue line is a Golden Cross and it is also Bullish . So to sum up we have 2 bullish patterns happening on this chart and I definitely expect upside though I can't say when , but it seems it will happen soon. I'll link my previous FET charts below but we should see a break towards the 1550 area again sometime soon .
by shimmeringpath
8
Moon Targets FET/BTC #FET $FET #FetchAIHere we see our weekly FET chart from Binance . And you can see that colorful Gann Fan indicator on it . You see where that purple X is on the chart ? That's up near the top of the Gann Fan and lines up almost perfectly with the .782 fib line near 11000 sats . That seems like a possible target for early 2022 because it is also brings us to the top of the Gann Fan line. This isn't guaranteed but we are in a bullrun year and FET has already closed above that Cup Handle and looks good for more upside .Soon enough we will be back up to our 1550 area and eventually continue on up. I believe the fibs are our targets here going up. The first fib above us is the .236 fib near 3420 and it will be great to see that area by the end of June ! But let's see . You see our fib above that is the .382 and it lines up almost exactly with the top of that light blue line ! So these Gann fan lines are looking good . Next is the .5 fib near 7077 . Jump above that to the .618 fib and it sits just above another Gann line , so these targets seem pretty strong . Above that is our .786 fib near 11000 . Is that our end target ? For early 2022 ? Maybe but this FET chart looks great ! We also had a Green monthly candle last night and that's good - I think FET will post Green monthly candles for the rest of the year .
by shimmeringpath
4
You can't Break Me FET/BTC #FET #FetchAI $FETHere we see our FET weekly chart and you can see we are clearly in what looks like a Cup and Handle pattern on the higher timeframe. We've had 2 red candles down forming the handle and could have another in our TD Sequential 9 indicator . That's fine . But I expect this to turnaround in May . That target of 2890 still stands as the Cup and Handle target area though it could take a little while to get there . Now yes , we had a pullback into the 700 area . A pullback is expected after something goes 8X in a few months like FET did !! So this is normal . But some traders have gotten nervous or jumped ship and this can definitely be seen as a shakeout . The reason I say "You can't break me" is because of that green line running under our last candle . That's the weekly Ichimoku flag forming and we are inside it and that's bullish . It should act as strong support . So I still think FET will do great this Spring - and also this summer . First it should retake the 1550 area and after breaking through that resistance it should see great upside .
by shimmeringpath
11