FIL/BTC Range Reaction off DemandBounce off of daily demand, clear S/R flip of the blue region, and volume increase on price increase.
If you did not buy at demand, then I would look to enter on a successful flip of the Orange Region (0.003). This is extra confirmation as bearish Market Structure will officially have been broken with the creation of a Higher high and eventually a Higher Low on the retest.
FILBTC
Filecoin (FIL) - April 5Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also ask for the "Like" clock.
Have a nice day.
----------------------------------
It remains to be seen if the volatility around April 6th (April 5-7) will lead to a deviation from the 169.6036068-188.2500949 range.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls between 124.8419251-132.3106316, a short stop loss is required.
---------------------------------------
(FILBTC 1D chart)
You should watch for any movement that deviates from the 0.0029834-0.0032899 range.
If it falls from the 0.0023704 point, a short Stop Loss is required.
--------------------------------------
If you look at the charts of most major coins, it has either risen near the previous high or is exceeding the previous high.
These rises are expected to rise even more when the BTC price rises above 60K and moves towards 70K.
However, if the BTC price fails to rise to 60K, it is expected that it will eventually turn into a downtrend, so careful trading is necessary.
Currently, BTC is in the period of volatility, and the coin market is in the overheating zone.
In such a market situation, if you enter as the price rises, the rate of return may be negative.
The coin price is recording positive, but the yield of the coin I bought is negative.
Therefore, if you are not familiar with day-to-day trading or short-term trading, it is recommended to enter when the coin price declines and then moves sideways and shows support at some point.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 published by oh92. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Possible cup and handle - SIA to start April with a BANG! Hi all,
Main TA Points;
***
1. Weekly S/R flip confirmed.
2. Break and retest of 3 year down trend confirmed.
3. Decentralized storage platforms all performing strongly (FIL STORJ).
4. Critical fib level claimed, assuming S/R flip of critical level.
5. Based on above assumption we have a possible cup and handle patter.
***
Talking Points;
***
We are at the cusp of the start of a new month with a strong finish assumed for March. We would like to see price maintain above 44 satoshis which it looks like it will do over the next 72 hours. From a weekly perspective we could see a wick down in the low 40's but I would think its unlikely for us to go much lower.
For those unfamiliar, SIA is in my opinion a top 5 coin from a fundamentals perspective and is vying for a large piece of Web 3.0 architecture. It has a working product, a capable team, and a foundation model ensuring its financial longevity. Having had a significantly longer than normal consolidation and accumulation period, historicals would suggest violent and powerful impulses will continue to follow from here until the end of the year.
I believe April will see the bitcoin pairing at least swing to 60-80 satoshis with the upside up to the 200's range.
Interestingly, both FIL and STORJ are also experiencing strong growth and SIA in my view being the possessor of a superior solution will also follow this strong trend. I would even say based on year to date growth it already has.
We have also broken a down trend that has lasted some 3 years with an extended accumulation period. This is an extremely bullish sign and would signal that this is infact the start of SIA's bull run; even considering the strong growth that has been experienced up until now.
Linked are my previous and most recent ideas which have been confirmed for SIA.
***
Estimates;
***
As a measured move we are looking to test the 63-65 Satoshi level. I have provided an conservative trade setup having set the stop loss just below the red ichimoku cloud. Please be mindful this is a high risk trade, the vanilla trade would be to enter at the break and confirmation of the pattern.
If we hit this level in the first week of April we could actually see SIA climb into the 100's if not even higher. It is not impossible for us to revisit all time highs from a USDT perspective, in which case a run between 100-200 satoshis is certainly on the cards this month.
Good luck,
Please consider donating, following or leaving a comment if this analysis was valuable to you.
SIA donations;
807db3f1186dd2a5a40418200064b44a94bffb0e32fac9e713923088a7e3bb0886c2d0281374
***
***
Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions.
All investment and trade decisions, no matter how well investigated, involve risk.
***
Possible inverse head and shoulders - Next SIA impulse imminent Hi all,
Main TA Points;
***
1. SCBTC pairing looking to be confirming weekly S/R flip.
2. Bounced off both 61.8 fibs.
3. Hugging upper bollinger suggesting possible continuation imminent.
4. Ichis looks like they may be broken as well.
***
Talking Points;
***
After a nice pump and my previous idea successfully confirming (check out related ideas) it looks as though we are heading towards the next impulse for SIA. The whole market had a bit of a grind as Bitcoin futures were expiring, but quickly seems to have rebounded, obviously some coins stronger than others.
For those unfamiliar, SIA is in my opinion a top 5 coin from a fundamentals perspective and is vying for a large piece of Web 3.0 architecture. It has a working product, a capable team, and a foundation model ensuring its financial longevity. Having had a significantly longer than normal consolidation and accumulation period, historicals would suggest violent and powerful impulses will continue to follow from here until the end of the year.
I believe April will see the bitcoin pairing at least swing to 60-80 satoshis with the upside up to the 200's range. This, coupled with expected continued growth in Bitcoins price means that the impulse target set here is extremely conservative. Its not impossible that we actually revisit all time highs from a USDT perspective this month.
Lastly the weekly SCBTC chart is very telling. Having attempted to successfully break the 40-44 satoshi range numerous times in the last 6 months it seems as though we will finish this week with a confirmed S/R flip. This is an extremely important signal and would suggest a long term up trend is about to commence. It would also suggest the next few weeks will have significant volatility.
The above points can only positively impact the SCUSDT pairing.
***
Estimates;
***
As a measured move we are looking to test the 3.6 cents mark. I have provided an conservative trade setup having set the stop loss just below the first shoulders peak. Please be mindful this is a high risk trade, the vanilla trade would be to enter at the break and confirmation of the pattern.
I have also included an assumed bullish confirmation rebound off the yellow trend line. This trend line has been in play and established from earlier in the year. We failed to have the support resistance flip occur over the last week, I would assume this time the market would want to know if we are going to respect it for the next impulse.
Good luck, please follow and leave a comment if this was helpful to you.
SIA donations;
807db3f1186dd2a5a40418200064b44a94bffb0e32fac9e713923088a7e3bb0886c2d0281374
***
***
Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions.
All investment and trade decisions, no matter how well investigated, involve risk.
***
Filecoin (FIL) - March 27Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------------------- -----
We have to see if we can get support at 122.4573 and rise above 133.7916.
If it falls, you need to make sure you get support in the 105.4559-111.1230 range.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls between 82.0287-88.4544, a short stop loss is required.
The next volatility period is around April 4.
------------------------------------
(FILBTC 1D chart)
We have to see if we can get support at 0.0022295 and ascend above 0.0024721.
In particular, we have to see if we can ascend above the critical point of 0.0025896.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
SIGNAL FIL - POSSIBLE 125 usd with breakout trend - WATCH COINHello friends,
ALso on FIL expecting next time an increase trend.
Discipline are the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly
Filecoin potential long scenariosFilecoin is another one of the new Grayscale products. In my opinion file storage coins like Sia, Storj and Filecoin could be doing well as the next 'theme' of the market. Be careful with filecoin however due to its high inflation rate, so have it only for short term trades, not long term holding.
💡 It's a great buy opportunity in FILBTC @Filecoin @bitcoinTrading 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 WEMA, which acts as a dynamic resistance.
. The RSI is at 42.27.
Take Profits:
TP1= @ 0.0007900
TP2= @ 0.0008690
TP3= @ 0.0009600
TP4= @ 0.0010300
TP5= @ 0.0011185
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Make sure to leave a comment. Let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡 It's a great buy opportunity in FILBTC @Filecoin @bitcoinTrading 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 WEMA, which acts as a dynamic resistance.
. The RSI is at 42.27.
Take Profits:
TP1= @ 0.0007900
TP2= @ 0.0008690
TP3= @ 0.0009600
TP4= @ 0.0010300
TP5= @ 0.0011185
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Make sure to leave a comment. Let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️