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FUEL

$FUEL, A POTENTIAL WYCKOFF DOUBLE BOTTOMHi friends! Welcome to Poop's Wyckoff Analysis on Etherparty/$FUEL. We have seen a lot of whining about the market being manipulated when bitcoin printed a huge red candle recently which probably liquidated tones of longs. To be honest markets are indeed subjected to manipulation by huge players and crypto market is not an exemption to this. While big players do this to your disadvantage if you dont understand what they do, They work to your great profits if you learn to understand their schemes and manuever. This analysis attempts to show a Wyckoff scheme of accumulation we are seeing on $FUEL. $FUEL is on a Potential Wychoff Double Bottom Schematic specifically towards the end of its Phase C on Wyckoff Events and Phases. The price history does look like its about to form a long term double bottom but does it qualify as a double bottom per Wyckoff principles? Here are some observations we saw in the 3 Day Candle Chart which suggest that indeed Fuel is on a double bottom. 1) The volume and price spread has been significantly reduced as the market approched the support in the area of the Selling Climax during the secondary test which occured at Phase B specifically on December 9, 2018. This suggests that there is a scarcity of supply at that level and implies a bottom is confirmed. Many are suggesting that $BTC is in a similar Wyckoff Scheme, but unlike $FUEL, the volume was increasing on bitcoin as the market approached the support in the area of selling climax during its first secondary test which suggest that Bitcoin supply overpowers the demand. 2) There was an Ultra High Volume Absorption of Supply which occured at a trading range higher than support lines of the the Accumulation Range from December 18, 2018 to February 24, 2019 (see elongated circle). This is an indication that big interests are accumulating high volume of shares from the retail. 3) During this same span of time, we have witnessed a divergence between the volume and the price which signal a probable change in the direction of a price trend. You can easily observe in the same spot (see elongated circle) that there are several high-volume (large effort) but narrow-range price bars after a substantial long term decline(downtrend), with the price failing to make a new low. This suggests that big interests are accumulating huge chunk of shares and provides us an early warning of a possible change in trend. In conclusion, we are likely to retest the accumulation range resistance which is about 100% target from our current level. A convincing break from this resistanceis a sign of strength and will confirm our interpretation of the prior price action. This will likely send $Fuel to a much higher price level. That's it friends, I looking forward for your comments on this analysis. A definition of terms on the labels included in the chart is at the bottom, for your appreciation. This is just a guide, not a trading advise. Hit like and follow for more chart updates! Thanks -Your Wyckoff Poop Trader
FLong
by PoopTrader
1
Etherparty (FUELBTC) Getting Ready To Pay... US!Trading volume has been increasing a lot lately for FUELBTC on Binance. If you take a look at yesterday's candle, you can see one of the biggest volume bars yet. Volume is one of the strongest indicators you can use to confirm any type of signal you get from a chart. So we have high volume bars after high volume bars followed by a break above EMA10 and EMA50 (today). Today's candle is yet to close, so this is an early signal. FUELBTC needs to close above 0.00000228 for the above signals to remain valid. With that said, let's continue. The MACD is entering the bullish zone after a bullish crossover. The RSI is almost reaching 60, which is pretty good. On the 4H time frame, there are some candlesticks that further confirm the upcoming bullish move that we are seeing here on the daily time frame. The high volume bar yesterday is sitting on a Doji, which is a reversal signal. Get ready, because FUELBTC is preparing for a strong move. This post is shared for your learning and entertainment. Thanks a lot for reading. Namaste.
FEducation
by AlanSantana
6
FUEL-BTC Long Trade PlanCommodity : ETHER PARTY 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 - 2-4 weeks Investment in trade : 5% of the total Trading Balance. Prospective Profit : 8% to 27% Prospective Loss : 8% RRR : SL to TP1 is 0.83, SL to TP2 is 1.56 , SL to TP3 is 2.2 , SL to TP4 is 3 Buy Zone/TPs/SL price points are marked in the chart as follows Greens - Profit Targets (TPs) Blue - Buy Zone (Entries) Red - Stop Loss (SL)
FLong
by CryptoTherapist
With Current Market Volatility, Where is Sasol Headed?Sasol is an international integrated chemicals and energy company that leverages technologies and expertise of over 30 000 people working in 33 countries. Sasol develops and commercialises technologies as well as build and operate world-scale facilities to produce a range of high-value product streams, including liquid fuels, chemicals and low-carbon electricity. Weekly: Coming off a perfect 78.6% Fib retracement level, I expect to see more downside ultimately breaking the lows at 35,000. I have a target level of 30,000 to 29,000 where I will be looking for signs of a reversal. The long entry from there should be a great trade! Daily: The daily structure will complete in either 3 or 5 waves and I expect it to reach the targets as indicated above. There may be one or two interim pullbacks which will form this structure but as things stand now, I will only be looking to trade the shorts until we break the lows around the 35,000 mark.
JSE:SOLShort
by Linton_White