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Not much prose on this update. The chart should say it all. Things are looking good.
FILBTC - Long - Potential 10.75% Entry- 7978 TP1- 8426 TP2- 8847 SL- 7369 - Trigger - Volume - BTC - Alts Recovering - Manage Trade As BTC Rejection Possible - RR - 1.4 - Trailing Buy - 1% - Trailing Profit - 1% - Trailing Stop-Loss - no
Trading 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...
I'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...
FIL/USDT break out and tested resistance line of the falling wedge. FIL/BTC formed reversal pattern head and shoulders Also I see some rumor about Grayscale twitter.com Best regards EXCAVO
Filecoin 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...
Bitcoin has continued its correction throughout the last day, which is healthy and to be welcomed. This has put FIlecoin into, I argue, prime buying territory with the USD price going down to nearly $33. The reason this is, I argue, a buy is because of how well the FIL/BTC is holding up. Here we see the chart playing out like clockwork, with Filecoin so far...
The FIL/BTC pairing is already looking healthy as Bitcoin corrects with strong support (so far). Filecoin has retreated into the clear support zone of the market structure and has been bought up aggressively -- and we can already see a bullish divergence painted on the important 4-hour chart. The histogram was clearly trending up before the correction, and we are...
Looking like a cup and handle, yes it can be a reversal, google it! Marginable on Kraken! My favorite kind. Sorry Binance is china booby trap! I know there is a lot of gains on there.
We see here the FIlecoin/BTC has been defended on the daily close, right above the 55 EMA. True, the histogram is arching down which may imply the need for some more consolidation at this level, maybe more testing of the 55 EMA -- but if it can hold here, it will be well set up for another rally. Filecoin has got really good press lately from crypto influencer...
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Keep an eye on Filecoin over the next day or so. It's pushing up in to a nice press point. I'm watching for it to push through this level, close a 4hr above the top of the box, then come back to test the level for an entry. Alternatively it could just blow through and run to the target. Solidly bullish candles (little to no wicks on top, strong wicks under) pre...