FILUSD.P trade ideas
Filecoin Breaking out - Storage set to recoverShort term price target - $90
Short term outlook - Bullish
Long term outlook - Bullish
Storage coins are finding support and strengthening. This is am amazing part of the blockchain world and will be the future of file storage.
This format might not look exactly like what we see today, but Roam wasn't built in a day!
I am bullish on blockchain file storage over the next month and longer term. I will keep on HODLING. However, this could be a nice entry point for someone looking to get exposure in to this space.
$FIL the Chinese BullHello cryptofolks
Filecoin looks bullish in all TF on MACD
Inverse H&S pattern created, retesting the neckline then goes up will be the confirmation
First resistance to beark will be at $70 then we will reach our target at $80
Filecoin is a sleeping giant that when wakes up will do big movements
-Goodluck
FIL - Filecoin just printed a Dragonfly Doji on 2week candle!Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
Facts
1. The last candle created a Dragonfly Doji, one of the bullish printed candles!
2. Stochastic RSI - Whenever we crossed bullish, FIL did a 11x-46x in the past! We just crossed again! Awaiting for the cross over the 20 level for confirmation!
3. RSI - Highly oversold on the weekly! Been following the trendline for 1.5 years!
4. Broke out from Pennant!
Target Buys and Sells - Please see chart. If we have a short term Flash Crash, we may hit $49 - $50!
Sell Levels: please see the chart!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
Filecoin Rallies at LastFilecoin is up nearly 8% from a 72.08 preliminary I made on 10/6 and I feel we're just getting started. I am using this simple chart to track my swing.
*Professional Wyckoffian VSA crypto swing trader (since 2017). I regularly seek out the most lucrative swings on all the major exchanges.
All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid volume spread analysis ( VSA ) and 'take-the-money-and-run' Fibonacci target zones.
I go after the runners and big money. My win rates are between 80-85%. Follow me on TradingView and see for yourself.
I review over 300 coins & tokens daily and handpick all the runners myself (no bot signals).
** Not financial advice. Trade at your own risk.
Filecoin Markup ImminentFilecoin is prepping to markup as it reaches the apex of the symmetrical triangle. Enjoy the ride and don't forget to take profit on the way up to the Fibonacci heavens.
*Full-time Wyckoff VSA cryptocurrency investor and swing trader since 2017. I regularly seek out the most lucrative swings on all major crypto exchanges.
All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid volume spread analysis ( VSA ) and 'take-the-money-and-run' Fibonacci target zones.
I go after the runners and big money. My win rates are between 80-85%. Follow me on TradingView and see for yourself!
I review over 300 coins & tokens daily and handpick all the runners myself (no bot signals). Good luck and safe trading to all.
** Not financial advice. Trade at your own risk.
Filecoin LongFilecoin is down more than 75% since it's highs in April. For such an extraordinary Coin that seems kinda weird, huh?
How is Filecoin different then the others?
1. Filecoin network - decentralized peer-to-peer competitor to cloud storage products like Dropbox or Amazon Web Services. Data stored via Filecoin is distributed across the entire network — as opposed to traditional centralized-server storage.
2. Mining - You mine filecoin with hard drives. Basically you ,,lend" your storage. This type of mining is called ,,Proof of Spacetime".
What is chart saying?
From what I can see in the chart, it would be a perfect time to buy some! I can see a descending triangle. Given the fact that overall crypto market is doing great, I think we are destined for a bigger move to the upside! Hope this was helpful! To learn more about Filecoin visit filecoin.io See you soon!
BULLISH - FIL (BIG PICTURE CHART)Here is the big picture for FIL I was talking about. We have the smaller falling wedge on the daily chart getting ready to break to the top trend line of the weekly symmetrical triangle(About 90). But I don't think the move would stop there and would go to 120 ATLEAST before having a correction. After the correction, I would expect the trend to pick back up to take us to around 300 from the symmetrical triangle breakout.
BULLISH - FILFIl looks pretty amazing. Nice falling wedge on declining volume. Its going to break up to 120 soon it here on the daily. in the weekly BIG PICTURE(I will post this later), it looks like a giant symmetrical triangle formation getting ready to bounce to test the upper trend line of the pattern(around 90). When it breaks out of the big picture triangle, we will break to the previous high(240) Or to 301
FIL - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
FIL is approaching a support zone so we will be looking for buy setups on lower timeframes.
on H4: FIL is forming a trendline but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, FIL would be overall bearish can still trade lower till the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich