After the powerful breakout last November we got all the way down into accumulation territory.
I am expecting another shoot up to the next fib levels as seen by the arrows.
btw no trading advice - just my opinion
Bigger Picture of FCT/BTC.
Grants are paid out around this time and people are waiting for news to drop during the month of June. If it is really good news - Govt. actually utilizing Factom on grand scale- we might even go parabolic.
If its bad news Factom might move near All-Time-Lows around 60-70k Sats.
For documentation purposes.
FCTBTC has been extremely boring for the past few weeks, bouncing around in a range between 0.00146 and 0.00184 with no decisive action up or down.
No way to tell how this will unfold - it might keep showing the same boring behaviour - but FCTBTC is starting to become one to watch again. If price moves above 0.00184 even failing to make a higher high and getting...
Expecting a major brerakout in a week. Accumulating steadily for some time now. They have released lots of b2b deals lately. Can't wait to see what will happen. (This is not an investment advice, just some thoughts about the trend)
FCT/BTC looks like a buy now.
We have a 21/55 MA buy cross to happen today/ tomorrow. We are still in 2 parallel channels and will see in which one it will continue. From a fundamental side, there has been an increase in protocol usage which is a good sign as well.
I would buy some upon volume confirmation.
FCT looking ready to pump. It has bottomed out on my Daily fib and looks like its made a nice impulse move up on the 1hr and 4hr, that means I look for signs in that move upward in order to accurately place our 1hr fib. Looks to me that most of the conditions i like have been met, so Im looking to get in on this 1hr fib. My plan is get in at the green (25% line)...
FCT-BTC pumped 700% late 2018.
Looking for a 300% continuation trade into the supply zone.
The 2W price action looks bullish.
Price has retraced 61.8% of the previous impulse move, into demand.
The 2W Heikin Ashi candle has printed a doji. Given the huge impulse move prior, the probability for the bulls to enter here is much higher.
Trade may take a few...
Commodity : FACTOM
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-4 weeks
Investment in trade : 5% of the total Trading Balance.
Prospective Profit :...
$FCT reached long term descending support line (yellow) which is slightly below green buying area.
$FCT has strong team and community support, low supply and actual an use case.
Green and below - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!
Factom has a TD 9 Weekly Buy, with a ton of bullish divs on smaller timeframes and at Weekly Support, this should fly. They also have partnerships with the Government, Mortgage Companies and more, more partnerships should trickle out.
See my attached idea from 2 years ago outlining the fundamental reason for Factom being the best buy at the time.
Since then there has been an extra two years of development, significant funding, and most importantly the company has begun on boarding real world customers - - it's not vapourware like every other shit alt.
Technically, the bottom clearly came...