FILWCRO_218914.USD trade ideas
FILKeep an eye on FIL
Currently sitting on wkly 50MA. Bull DIV. on Daily. watch for the daily stoch signal.
FILUSDT ewt analysisthis thing looks pretty bullish imo, and if btc does start moving up from here, we may be able to see some handsome returns down the road.
we're in pretty risky times though, so i can't recommend taking any leverage trades or anything. spot is the way, with a decent stop loss.
i have recently learned, that it is never about the reward that we might be able to receive, but it is about managing our risk, and protecting our capital at the end of the day.
💸
FIL / USD - Update on Breakout of Downtrend4H Chart here, displaying 50/200 daily EMA and MAs. We recently confirmed a death cross with our MA/EMA. Within days of our previous death cross, filecoin had a golden cross and rallied to over 230 dollars over the weeks that followed. Here we are again, just after breaking out of a nearly 90 day, 80% correction.
We either head up imminently, or it's possible that we re-test our bottom @ ~45 dollars while re-testing near the top of the trendline we recently broke out of, forming a double bottom prior to the rise. If we head down before up, I feel like the potential for greater gains exists. Meanwhile, I'm targeting a move back up to the 3 most recent fibs, and some resistances not shown here that are near the fibs. 112 and 124 seem like good targets if we can break 70 dollars, possibly a move up to 150-160s.
Filecoin (FIL) - June 30Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(FILUSD 1W Chart)
We should see support at the 53.9757257 point and see if we can move higher.
It remains to be seen if it can move above the 80.6099386 point and turn into an uptrend.
(1D chart)
We need to climb to the 63.0641658-77.2759855 section and see if we can find support.
If it rises in the 63.0641658-77.2759855 section, it is expected to turn into an uptrend.
However, in order to accelerate the uptrend, it must break out of the downtrend line.
If it does go down, you should watch to see if it follows an uptrend line.
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(FILBTC 1W chart)
We need to see support at the 0.0015437 point and see if we can move higher.
It needs to move above the 0.0019810 point to continue the uptrend.
(1D chart)
We will have to wait and see if we can sustain the price in the 0.0014371-0.0018899 range to turn into an uptrend.
To accelerate the uptrend, you need to break out of the downtrend line.
If it does, we should see support from the 0.0012107-0.0014371 zone and see if it can move up along the uptrend line.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in 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 section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. 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 are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
FIL / USD - Breakout Attempt Now or Double Bottom FirstFilecoin looks like it wants to break out of its downtrend. It looks like it wants to either do that imminently or re-visit 39-45 dollars first and double bottom. Let's see what it decides to do, we should know any day now.
FILECOIN - POSSIBLE 10X GAIN FROM HERE...The ELITES will win this game and they are causing fear in the market so they can buy cheaper. DO NOT LET THEM WIN THIS TIME! Facts are in the charts!
PLEASE LET ME KNOW WHAT YOU THINK OF THE ANALYSIS.
FACTS:
1. AWAITING STOCHASTIC RSI BULLIHS CROSS ON THE WEEKLY!
2. WE TOUCHED THE 0.236 FIB AND BOUNCED OFF IT!
3.CAN BUY IN ALL THE BIGGEST EXCHANGES IN THE WORLD
4. GRAYSCALE ARE INVESTED HEAVILY
5. THEY WERE FEATURED IN CONSENSUS 2021
6. RSI HASN'T BEEN THIS LOW SINCE THE PANDEMIC OF 2020!!
WE BOUNCED AT THIS LEVEL TO MAKE ALL TIME HIGH!!
SUPPLY: 81 MILLION! LESS THAN ETHEREUM!
MARKET CAP: 3.9 BILLION!! (HIGHLY UNDERVAULUED!)
TARGET BUY:
$46.48 (CORRESPONDS TO THE 0.236 FIB)
TARGET SELLS
TARGET 1: $428.14 (Corresponds to the 3.618 Fib)
TARGET 2: $497.86 (Corresponds to the 4.236 Fib)
WEEKLY CLOSE BELOW $46.48 (0.236 FIB) WOULD INVALIDATE ANALYSIS AND GO FURTHER DOWN!
TARGETS: ITS IN THE CHART!!
WEEKLY
"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
Proof-of-Storage and the Upcoming Race for Hard Drive SpaceThe NFT market remains strong despite its critics, but is still yet incomplete. We may see a race towards cheaper and more effective file storage systems as a result.
Filecoin (FIL) - June 9Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(FILUSD 1W Chart)
If the price holds above the 53.9757257 point, it is expected to maintain an uptrend.
(1D chart)
To convert into an uptrend, it needs to rise above the 88.8888797 point and find support.
We need to see if we can find support at the 63.0641658-77.2749855 zone and move forward along the uptrend line.
If it falls in the 47.1490963-53.9757257 range, careful trading is necessary as it enters the long-term investment area.
-------------------------------------
(FILBTC 1W chart)
If the price holds above the 0.0015437 point, it is expected that the uptrend will continue.
(1D chart)
In order to continue the uptrend, we need to see if there is any movement outside the downtrend line.
If it falls from the 0.0018899 point, you need a Stop Loss to preserve your profit.
However, it can touch the 0.0015437 point and can rise, so trade cautiously.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in 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 section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. 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 are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
FIL Up Again?Filecoin is looking good, after having consolidated a bit after its recent 30% breakout. Bitcoin is going sideways and, while it will probably break out (up or down, I really don't know) in the next few days, Filecoin itself looks strong and potentially set up for another leg to the upside.
This reading is based on the 55 hour EMA, which Filecoin was dancing around, briefly lost and then quickly regained. We are now seeing the start of a higher low construction on very low timeframe, and we can at least predict a retest of the local high around $97 -- a +8% trade if nothing else.
Possible break out of down trendFinally Filusd showed some life and has been consolidating for a couple days. Looking to break out of downtrend and then retest the falling resistance and turn it to support on our way to $123-$125 and then $135. If we fail to break up then a break down to $40 to find Strong support before the next attempt.
We just had the 15ma cross over 200EMA and 50ma cross over the 200ma on 2 hr charts so we are in bullish territory looking to hold it from falling back into bearish grounds.
FilecoinWe got a nice rounded bottom. We are trying to get back into falling wedge we fell out of. As we flag out below this patterns old support if we lose 83$ it could be a breakdown but if we can find support above 95$ this could take off !
FIL / USD - Adam & Eve Short-Term PlayConfirmed break out above neck line, target purple line above that @ ~$125.
Play is invalid if it falls below line beneath current price, and could drop back down to bottom line if that occurs.
FIL USD Poised for a massive uptrendFilecoin price breaks out after a parallel channel which followed for quite a long. However it formed a bull flag after a massive breakout and hence may continue to rally, gaining more than 30%. On the contrary, if the price flips into bearish divergance, the price may tank more than 30% in search of strong support levels.
FILECOIN:PRICE ACTION ANALYSIS|IS THIS READY FOR LONG IMPULSE ?⭐Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
Who Are the Founders of Filecoin?
Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects.
What Makes Filecoin Unique?
Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor.
Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible
Related Pages:
Check out CMC Alexandria’ deep dive into Filecoin.
We’ve also prepared a list of the 5 things that decentralized storage aims to fix.
See terms you don’t know? Check out our glossary on Alexandria.
How Many Filecoin (FIL) Coins Are There in Circulation?
Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading.
In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants.
How Is the Filecoin Network Secured?
Filecoin is secured through proof-of-replication and proof-of-spacetime. In the Filecoin network, nodes that are also known as retrieval miners are in competition to serve clients with data as quickly as they can. They are then rewarded with FIL fees, which encourages a network of nodes that want to replicate and preserve files.
Storage miner nodes are constantly competing for contracts to provide storage to clients to a specific length of time. When a storage miner and their client agree on a deal, the storage miner holds the client’s data in a sector and “seals” it to create a unique copy of that sector’s data. Storage miners are rewarded with FIL by clients as deal fees, and these miners can also mine blocks and receive a block reward.
Where Can You Buy Filecoin (FIL)?
Ahead of the Filecoin mainnet launch, Gemini and Kraken have announced support for FIL. Huobi will list FIL after the mainnet goes live.
For more information about buying crypto, see CoinMarketCap’s easy guide here.
Our most recent articles about Filecoin:
Filecoin Suffered a Short-Selling Attack, Application Tokens on Public & Non-Trading Chains Led the Market: TokenInsight Weekly Market Review
What Is Web 3.0?
A Deep Dive Into Tokenization
CoinMarketCap's 2020 Round-Up: The Good, The Bad and The Bitcoin
5 Things That Decentralized Storage Aims to Fix
Filecoin (FIL) Looking for another Leg Up?Based on the charts it appears that the massive bull flag that Filecoin has been forming is ready for another move to the upside. Recently, we've seen file coin completely ignore the BTC movements and continue it's uptrend while BTC is indecisive or even retracing to the downside. I'm bullish on Filecoin short term and long term but remember, THIS IS NOT FINANCIAL ADVICE. Trade at our own risk. I'm putting some small amounts to see what happens, if it breaks to the upside I'll add a bit more to my position.
Happy Trading and Good Luck!
$YFI longDowntrend on 1/4H broken. Looking for continuation of overall uptrend on HTF. Will take some profits off at monthly pivot, let the rest ride for continuation of the overall uptrend.
Filecoin has been re-accumulated.Filecoin had an excellent run in Q1-Q2, and rolled over earlier than the rest of the market. It certainly looks like it has corrected, and re-accumulated. Ready to run again.
FILUSDLONG-TERM: Bullish Bat at the PCZ, holding 200 ma with hidden bullish divergence on the daily. (not financial advice)
Massive impulse wave to end bull cycle at end of yearI know it’s been a lot of panic lately but I believe the big pull back was or is the 2nd wave pullback in this massive bull cycle ending elliot impulse wave. I believe we are about to start the 3rd wave up to the new ATH over the next couple months and then a sizable pullback but not as hard as the one we are experiencing now and then onward and upward to 1000 by the end of the cycle...
This is my opinion only.
Trade at your own risk
