Filecoin surges to $40. How can long-, medium- and short-term investors participate?

FIL rose 40% in one day

A big positive line attracts thousands of troops, which is the norm in the stock market. The same is true in the currency market. FIL rose 40% in one day, and Huobi’s trading volume is second only to Bitcoin and Ethereum. A large number of followers also came to see it.

Fundamentals can be used to determine whether a project is suitable for value investment and holding for ten years. The price ratio mainly depends on the inflow of funds. K-line can be used to determine the buying and selling points. The winning rate of the three independent factors is reliable.

(Picture from AICoin storage section)

FIL price ratio

The currencies that are closest to FIL and ranked close to it are SC and Storj. We compare the data of these three currencies in the last three months. (Based on OKEX futures data)

Data shows that Storj has the largest increase in the past three months, while Sc has performed mediocrely. Fil has the strongest rebound in this wave, while Storj, which also fell sharply, has not rebounded much. Fil's rebound is not universal.

Conclusion: The storage sector rose by less than 5%, and there was no sign of a large influx of funds. The rise of the same sector is a sign of capital influx. Recently, funds have poured into Btc, and the related Bch and Bsv have risen significantly.

K-line analysis

Daily K-line has a large cycle and is a good indicator for judging long-term trends. Gate data is more comprehensive. Although there are strong market makers controlling the market and the ok data is seriously spiked, considering that long-term data is needed for a large cycle, Gate is selected.

This wave of decline is very strong. The price of Gate has dropped by 90%, and the data of OK has also been cut in half. Hot projects have also fallen to the level of the daily line and are supported. It is normal for there to be a rebound.

What will happen next? Will it return to the daily central axis and continue to oscillate, or will it go up along the rebound trend, or will it fall back below the central axis and seek support from the next central axis? The interval set of the Chaos Theory can be used.

The 30-minute K-line shows that this round of rebound has also reached the 30-minute level of the center 1, and no new 30-minute center has been formed. It continues to move upward after a pullback. Let's see if it can reach the position of the center 2.

The 5-minute K-line shows: the rebound callback forms the 5-minute level center 1. It continues to form two 5-minute level centers 2 and 3. The twice enlarged trading volume is decaying.

The 1-minute K-line shows that the trends at both ends of the 1-minute center have formed an obvious divergence. 40.28 may be the highest point of this round of rebound. It is also the first type of selling point at the 1-minute level.

Recommendations

Long-term: Miners need to sell coins to recover the cost of mining machines, and the supply of Fil will increase. The 25% reward is immediately issued and activated. After the rebound is completed, it will continue to fall. Those who want to invest will wait for the price to stabilize.

Mid-term: FIL's rebound is indeed very sharp, especially the long upward needle of OK that pierced a lot of shorts. Go long, the general trend is downward, go short, Gate data shows that FIL dealers are still very capable of pulling the market. Wait and see.

Short-term: The 1-minute level divergence has emerged. Short-term experts can go short, but the trading volume of this coin is not large and the market maker is still very strong, which is a risk. It is still okay to play with low leverage.

Summarize

This wave of rise is an oversold rebound, there is no sign of large-scale capital inflow, and lacks sustainability. Fil has obvious signs of strong market manipulation, and the trading volume is also declining, making it difficult to judge the short-term trend. It is recommended to wait and see.