Filecoin Looking to Breakout of Base

Feb 7, 2021

Filecoin hasn't moved yet this crypto bull cycle and is due. It's built a nice base since December last year, and it has a small 1.2B market cap giving it a lot of room to move up once it breaks out. This is a "buy when it's quiet, sell when it's loud" play. Buy now when nobody has noticed it yet and sell it when it gets attention and doubles or triples. If you believe in the coin you might hold it for price discovery if/when it gets over $100... who knows it might be another 10x crypto. I don't know much about it fundamentally, but I notice it has high developer growth according to this recent study (see page 49):

slideshare.net/MariaXinheShen/developer-report-published-december-2020-239966590

This is not investment advice, I'm not a financial adviser. This is just some of what I'm thinking about for my own positions.

Feb 9, 2021

Note

Boom, breakout happening now.

Feb 9, 2021

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Blasting off again today past all the resistance at $32 like it wasn't there. Breaking over $42 is next.

Feb 9, 2021

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Dang that was a quick double. Easy money to take here and might be wise as it came so quickly, but I'll hold longer. Might have to wait through a pullback (as it's likely to do after such a big run up). Hoping it will shoot up again higher after the pullback (or just keep going up without the pullback). Momentum is on my side for sure, and it's still very early.

Mar 3, 2021

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Back over $40 again as the crypto pullback looks like it could be ending. Still expecting (hoping) to get a nice run higher from this one.

Mar 14, 2021

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Breaking over previous highs from the other week. How high will it go?

Mar 16, 2021

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Breaking over recent highs again today. Love this one as it acts strong when everything else is going nowhere.

Mar 20, 2021

Trade closed: target reached

Filecoin is now at a $5 Billion market cap and broke into the top 20 cryptos. It could continue higher with the whole crypto space going higher, or get a lucky spike higher in the ranks, but top 20 is a good ranking. I bought the coin because it hadn't moved yet, and now it has so I'll be selling off most my position. I might hold some as a longer term investment. I'll spend some of the profits on more Ethereum--I suspect eth could continue back up into price discovery up at any time.

This is not investment advice, this is what I'm doing.