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Yfibitcoin

YFI/BTC (Support Break?)💎Technical Analysis Summary💎 BINANCE: YFIBTC -YFI is starting to break its local key support area -This is not a good sign in terms of Bullish price action -If this level breaks down, the next potential minor support is around 1 BTC -Please manage your risk and user proper stop loss location A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
4
YFI/BTC (Testing Key Support Level)💎Technical Analysis Summary💎 BINANCE: YFIBTC -YFI broke bearish after confirming the H&S pattern -It reaches the key level of support today -Buying during a heavy downtrend is a high risk -This is the first touch so it is hard to say it will hold -We need further consolidation and more green candles -Let us wait for a few more days and look for patter reversals A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
6
YFI/BTC (Key Area of Support Retest?)💎Technical Analysis Summary💎 BINANCE: YFIBTC -YFI unable to break the 3 BTC resistance area -It is now going back to a previous key area of support -With this, we can see a potential Bearish H&S pattern -If you are looking to play Short position -I recommend to Sell once the key support failed -The downside target is 1.4s BTC range `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
5
Reversal in progress how far will it go?The current situation: 1. On the 12HR chart, price action has formed an inverse head and shoulders with a measured target of 33K USD. Currently, it is at about 30.3K and price action has formed an ascending triangle with a measured target of almost 33K as well. The 0.5 Fib level is currently seen as resistance as there is no other major moving averages above the price action. 2. On the 12HR chart, it is also apparent that buyer volume is still increasing with higher price action. This is a good sign that buyer strength has not slowed down yet and higher price action is possible. 3. Some pretty high readings on the 1HR and 4HR RSI as their last high was close to or above 70. This should be paid attention to as bearish divergence is possible and can prompt a pullback. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:YFIUSDLong
by CryptoRush_
7
YFI/BTC (Trading Inside a Descending Channel)BINANCE: YFIBTC -YFI is trading inside a descending channel with a series of LH and LL -If the price keeps respecting this channel, it may retest the key support at 2 BTC -I recommend waiting for the price reaches key areas or until the channel is broken -A drop to 2 BTC is more than -20% so let's wait and see how the market will react below `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
10
YFI/BTC (Bearish Double Top - Confirmed)BINANCE: YFIBTC -The bearish double top pattern is confirmed after the break of the neckline -The downside target is around 1.4BTC or mover than a -30% decline -Be careful as the market is not yet ready to settle down -If you are interested adding positions to your midterm trade Altcoins -Find the major support area and the confluence of previous support & resistance -Because the chances of these zones will hold are high **If you like my daily Published Ideas, Please don't forget to leave a thumbs up and comment below. Thank you!**
by PolarHusk
11