TFUELBTC trade ideas
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!
Minimum 50% Profit. More with a trailing stop potentiallyWe have a classic wycoff distribution pattern here... The next phase is going to be an upthrust after distribution, and even if that fails, it'll typically reach the around the height of the buying climax, a full 50%+ profit from here. And if it doesn't fail, then it could take this coin into markup and onto new heights. So I would suggest a trailing stop; and ride this as high as it wants to go!
Also to note, the ParaEye indicator at the top has now reset from its toppy warning eye (crossover).
There is some slight divergence indicating a possible bottom on this bottom of the box ranging.
The only unknown here is when this coin is going to run. Could take several days/weeks. Theta mainnet launches in 70days (provided no more delays). So it should be before then!
TFUEL - New FormationAgain, with BTC the way it is, I would prefer to wait it out before investing back into the ALT's.
However, with THETA 10% up and breaking a bullish flag today, it would certainly be logical to expect some similar action for TFUEL.
With the market the way it is, it is still extremely risky.
Usually with these formations, we would trade the confirmation of breaking outside of the descending wedge.
TFUEL/BTC running out of roomTfuel creating another falling wedge which tends impulse hard after it breaks out. On the 4hr it is running out of room, its at oversold levels, and it is retesting support zone from the previous falling wedge. If you missed the first pump this could be a good time to get in DEPENDING on what btc does this week. If tfuel breaks out, the safest entry would be the retest of the falling wedge.