USDCHF H4 - Long SetupUSDCHF H4 - Coming back to retest that 0.92 support region after smashing through last week.
Finance
EURGBP H4 - Short SetupEURGBP H4 - Support zone actively breaking, H4 candle has just closed, looking for some sort of pullback to resistance (previously support) at 0.91, now we are trading below 0.91 so generally bearish bias for the moment, especially after breaking support and the downside market gap. GBP starts the week strong!
BITCOIN | Small but Still a Breakout!Hi,
The price of Bitcoin has made a breakout above the minor resistance level, wait for a possible retest of the breakout area.
The idea becomes invalid after we get a 4-hour candle close below the red support area. It will show easily that my initial idea didn't get the momentum, hopefully, this will not happen ;)
Regards,
Vaido
GBPUSD H1 - Long Trade SetupGBPUSD H1 - We spoke about this support zone of 1.27 being a pivotal point and due a breakout. Support held and we formed a triple bottom before then taking off and setting new highs. Possible retest of the previously broken resistance price before taking off upside again, USD may see corrections today as covered in the technical rundown video.
GBPUSD H1 - Long Trade SetupGBPUSD H1 - Long setup shown here, if we double bottom on 1.27 and break to set new highs, we could retest either 1.27300 or 1.27 for a third time to then bounce and reverse the trend, we are in consolidation at the moment I would say, so a breakout could be expected soon!
USDJPY H4 - Long SetupUSDJPY H1 - If we see DXY break this current resistance price we could expect something similar on UJ as indicated. Really need to break 104,800 and set new highs first of all, but this should tie in with DXY and UC too.
USDJPY BUY OPPORTUNITY
BUY ENTRY :104.450
TP1:105.300
TP2:106.300
TP2:107.100
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GBPUSD H1 - Long Trade SetupAggressive selloff fueled by BOE. Other GBP pairs seem like they want to start correction, we have some sort of support zone here on GU, but still very active with bearish markets, interested to see if current price holds as support.
GBPJPY H4 - Long Trade SetupGBPJPY We talk about impulse pairs and how to trade them with 0 drawdown in the advanced system which is coming out very soon! Wick and risk free trading effectively, lets see if this holds without bottoming out again.
EURJPY H4 - Long Trade SetupEURJPY H4 - Seen a little lift here on EURJPY, bounced from support initially, not sure how much mileage this has, but we need to break that sequence on lower highs shown from between 10th and current date.
EURGBP H1EURGBP M30 - Saw a break and retest of this pennant last week, but this was quite late during the week and markets then closed, and also failed to set new highs beyond the breakout high. I'm neither bullish or bearish on this until we hear more from the vote later on today. This will then set the tone going forward for the GBP markets and to a degree the EUR markets
Breaking downtrend and at rarely oversold levelsSquare pulled back on market weakness and looks to have broken the downtrend after finding support above the 34-50 day EMA cloud. Going back to March, it has rarely been this oversold as indicated by the SlowStoch. This may gap up over the entry level, backtesting it and establishing support would provide ideal entry. Stop loss is below, targets above.
DXY H4 - Neutral until broken.DXY H4 - Support held from the breakout price, wicked down to trendline support. Need to break new highs and maintain that HH and HL sequence to compliment some of these USD*** long setups, such as USDCHF and USDCAD.
GBPUSD H4 - Short Trade SetupGBPUSD H4 - Short setup almost complete. As mentioned, much the same as all other GBP pairs, getting slammed at every excuse possible. Big bearish pressure, whether profit taking is seen today as it's Friday... we will soon find out.
GBPJPY H4 - Short SetupGBPJPY H4 - Short setup may still be valid, we pinned that 50% corrective point, still just trading below 138 or atleast around 138 which is where our weekly and S/R zone sits.
EURUSD H4 - Short Trade SetupEURUSD H4 - We have broken downside of the channel, but yet to have set lower lows, just waiting to see this lower low confirmation, then a pullback to optimise entries. Eying up possible shorts from around 1.18 hopefully.
GBPJPY H4 - Short Trade SetupGBPJPY H4 - As mentioned, the system doesn't change just because the environment has changed. Setting an alert for 138.000, this is a 382 corrective point, whole number, weekly and local support zone, so 4 confluences there. Will see where we are and how we are looking as/if we hit 138.000 for possible shorts.
EURJPY H4 - Long Trade SetupEURJPY H4 - Little reaction from 125.400 support region, bounced 20 pips in quite quick succession, if support holds this may be something we look to buy. Not entirely sure of the EUR still, seemed to have lost a little ground since market open on Sunday, but not near as much as GBP pairs. If support holds a while on EURJPY and EURUSD (1.18 support) we could possible look to buy if we haven't missed the boat here.
Finantials etfs as market barometerIak etf - US insurances
KRE etf - US small regional banks
IAI etf - US brokers dealers
XLF etf - US big financials
beware of $yfi heretrending market + hype, rumors of $100k, perfect place to chop 50% and look at a long near support and golden pocket
GBPJPY H4 - Short Trade SetupGBPJPY H4 - Break and retest here on GBPJPY. Possible zone trade on our hands from resistance down to 139.860 support. Awkward timing with it being Friday and NFP just around the corner in a couple of hours. YEN is usually quite a big mover off the back of the 1:30pm event. Additionally, H4 candles still very active
YFI - yearn.financeyearn.finance is a Decentralized Finance (DeFi) platform which aims to build products on aggregated liquidity provision , leveraged trading, automated marketing making, and more.
The YFI token is the native utility token in the yearn.finance platform. Users can earn it by contributing liquidity to yearn.finance's aggregated liquidity pool, or ypool, and use the token for platform governance.
yearn.finance currently provides a profit optimizing service for lending providers, moving providers' funds between dYdX, Aave, and Compound autonomously for highest return.
The balanced scheme works without attracting new funds. Therefore, the team has no reason to scam the project. Perhaps there are other reasons, for example, a technological scam: some kind of back door or problems with IT or Blockchain will give an error that will make it possible to steal money. All tech companies have such problems: Twitter, Apple, etc.
In general, this is not a scam or a financial pyramid like the Ponzi. The project has a use case, some people believe in it, there is a kind of ecosystem.
A disadvantage is a large number of audits. Since there is a lot of money in the project, and hackers did not steal it, this is probably not so easy to do.
This was written by Andre Cronje - he has been in the cryptocurrency field for a long time and has done a lot of useful things, so people trust him.
Motivation
The YFI community is currently working with Delphi and Gauntlet to develop an economic model and inflation schedule. Until this process is complete, the project lacks the funds for any operational expenses including, but not exclusive to, security audits, deployment costs, consulting expenses, and compensations.
All surplus rewards are directed to the governance pool.
How does the protocol make money?
There are two sources of income:
0.5% Commission for withdrawing money
(this commission is charged in the case of Earn (Lending optimization) and the case of Vaults (Yield farming optimization)
The economics simple YFI charges a 5% gas subsidization (performance) fee on the capital it's managing as well a 0.5% withdrawal fee if the user pulls their capital out. The withdrawal fee applies to both its Earn and Vaults products, while the performance fee only applies to its Vaults product. More specified that the treasury should maintain a buffer of $500.000 equivalent, with all surplus rewards distributed YFI staked in the governance pool.
Specification
100% of the rewards collected by the system are directed to the multi-sign treasury.
Treasury should maintain a buffer of 500,000 USD equivalent, with further rewards distributed to YFI staked in the governance pool.
In the July 17 article, Andre Cronje wrote that just because we feel we didn’t stress it enough, 0 value. Don’t buy it. Earn it.
In my opinion, this phrase discouraged some people to trade this coin. I think that to a large extent, this is said for the regulator so that they do not touch the project developers.
medium.com
Best regards EXCAVO
