TFUEL has so high possibility to dump to lower prices more than move up. But at this moment, it stays at its support so we can bet on it with very low risk for the target around 110sts, this is the most important resistance that TFUEL needs to pass in order to move up to the higher price.
But if TFUEL drops below 84sts, we will sell it and wait for the price action at these levels : 75sts and 60sts. These levels are very worthy to buy in.
The correlations between BTC , crypto, and the larger marketplace are already established.
While there have been numerous short term trade ops in the oscillations, we are approaching a necessary retrace after redlining market into the ceiling.
The beauty of BTC (and ETH, but I view the smaller Alts as derivatives of the larger, riding on the market sea that is predominantly BTC .) Alts gained stability and market share when they could be traded directly into a USD/Tether/stable value.
But the BTC market provides 8x 4hr interval candles to NASDAQ's 2x each day.
What we're seeing in the past 24 hours is the continuation of the same wave formation on crypto that won't be traded in major markets until Monday morning.
It's not a bull flag . Its a big, fat bear pennant on the supercycle. Market has been riding the fallout growing oscillations since Dec 2018.
Beat the mid-September high and prove me wrong.
My prior wave analysis was invalidated with the ABC correction of the larger cycle B wave, but I think we're seeing a ABC uptrend wave on the larger 12345 downtrend wave through Jan-Apr 2021. But the criplping C wave is coming -- in October -- after a -13.4% A wave.
Top of channel based on IXIC trend since 1973, the Obama-era channel after the Fanny Mae recovery, Trump redlining into the both ceilings ~late 2018 (and the subsequent market drop ) and most current wave cycle since March.