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FIL / Bitcoin

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FILBTC trade ideas

FILBTC is ready for the breakout! 🦐The price had a nice breakout from the descending trendline, and now the price is testing 0.618 Fibonacci level. IF the price will have a breakout from 4h resistance and flip into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
Filecoin Breaks Out of Compression ZoneI'm pleased to see that Filecoin/BTC seems to be breaking to the upside out of a clear squeeze point. This is very good news for the prospects of this altcoin as Bitcoin continues its pretty reasonable and controlled correction. What we are seeing with Bitcoin is clearly not some blow-off-top type collapse ca. 2017; so far it is a healthy correction within what remains a larger uptrend. This is exactly the kind of environment that gives rocket fuel to alts. And with Filecoin putting in the work of laying a bottom to its BTC market, and clearly preserving a larger uptrend against Bitcoin, we can be cautiously bullish about the next month as we head into Spring (aka the time before May).
Long
by CrypoGlobe
4
Filecoin Squeezed Into Compression Zone Ahead of BreakoutFilecoin has been consolidating/correcting during Bitcoin's correction, at the picture remains moderately bullish. While I was hoping for a breakout from this formation (a downtrending channel) already, I wasn't necessarily expecting it. We currently see FIL/BTC double-bottoming within this channel, which has led the asset into a compression zone above the important 70k satoshi level. This level more-or-less marks the border between the current market structure, and the meat of the previous market structure. This level is where the VPVR volume (not pictured) starts getting thick; and we should also note that it is between the .618 and .786 Fib levels (also not pictured). What this means is that: we don't want to see Filecoin lose this level. If we do, there is not much support left (but also not none) before this market structure is invalidated. The good news is that the indicators are still in favor of support here: on the 4-hour, the RSI is still diverging bullish, and the Hist+MACD are both stable and ready for positive movement. Volume has not shown up. We are going to want to see that volume come in today and push Filecoin out of this red zone and back into a local uptrend within the current structure. There are only a couple days left of runway for this to play out, according to my analysis. Updates as they come!
by CrypoGlobe
1
💡 It's a great buy opportunity in FILBTC @Filecoin @bitcoinTrading suggestion: . There is a possibility of temporary retracement to the suggested support line (0.0006860). If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . FILBTC is in a downtrend that we assume will break up, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 42.27. Take Profits: TP1= @ 0.0007900 TP2= @ 0.0008690 TP3= @ 0.0009600 TP4= @ 0.0010300 TP5= @ 0.0011185 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Make sure to leave a comment. Let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
21