Yearn Finance: A World of Painthis is a "governance" token, with a paralyzingly high per unit value ($20,000 and up)
the team has no regard for establishing traits to justify the YFI token to have any non-speculative value.
solutions may involve:
1. revenue payments to YFI holders
2. token split - to normalize per unit price in context of other altcoin crypto assets
3. compensation of revenue per participation in governance decisions
the software team building yearn finance are world class however the tokens are at face value nothing but monopoly bucks
i see a massive dead cat bounce rally happening soon, followed by a very slow and painful 2022, and price never returning to the doorstep for $100,000
Yield
$XVS/BTC 4h (#BinanceSpot) Falling wedge breakout and retestVenus is pulling back to 50/200MA support and looks good for another leg-up after, short-term.
Current Price= 0.0002292
Buy Entry= 0.0002301 - 0.0002203
Take Profit= 0.0002617 | 0.0002773 | 0.0003008
Stop Loss= 0.0001991
Risk/Reward= 1:1.4 | 1:2 | 1:2.9
Expected Profit= +13.81% | +23.13% | +33.57%
Possible Loss= -11.59%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Tags: #XVS #XVSBTC #Yield #Farming #Lending #DeFi #BSC #BC #Launchpool
Website: venus.io
Contracts:
#BEP20 0xcf6bb5389c92bdda8a3747ddb454cb7a64626c63
#BEP2 XVS-795
US 10-Year Treasury Yield re-testing 52-week high breakout zoneUS 10-year yields are slamming back down into the 1.72 breakout zone going back to March of 2021. We're at a logical spot to bounce, but beware of a continued move lower just as the prevailing opinion is that interest rates must rise.
Losing 1.70 and holding below on a closing basis would be an important change of character.
SNX Liking the CMF chartQuick snapshot today. I am liking the Chaikin Money Flow (CMF, the green line below) on the Binance SNX chart. It isn't as strong on the Coinbase SNX chart but it is getting there. We haven't seen this kind of positive money flow since a few months back when SNX popped to $15 or so. Let's hope that a replay is in the cards, but we will have to see if this holds up. Time will tell. I continue to HODL knowing the project is sound.
If you like this idea on SNX, be sure to read my other ideas.--Garry
#HEX : To ride these cycles , you need to get on your bike!#crypto is not a spectator sport if you want to win at this game.
Ability and experience riding these bumpy roads is crucial for longevity and crucially to wherewithal to make these X's!!!
Overall I feel this bearish sentiment for the general crypto market will to shall pass
which is at this point we have to admit has been a drag somewhat on the HEX price.
But Hex is proving once again, that it is not Regular S coin
and a attack on all time highs is coming at some point this year
YLD (Yield.app) SupportsNew project so not much history, but high-quality project that's currently quite undervalued in my opinion. I consider <0.20 USD a "DCA in" signal. <0.1 I would go all in if the fundamentals of the projects are still strong.
SNX update: Alsephina Release, $6 resistance & 14% interestDespite the Chaikin Money Flow (CMF green line below) demonstrating the monetary volume has been weak, SNX has been attempting to break-out upward through the $6 level. Meanwhile, I continue to earn almost 7.5 tokens every week without the risk or worry of staking at 14.05% on the Celsius Network. I have a Celsius referral code that will earn you and I both $50 in BTC if you want it (just ask me). Now, back to the latest Synthetix Network update. The following is taken from the Synthetix blog (blog dot synthetix dot io) and is only a portion of what was written:
“2 February 2022- Alsephina Release…what’s included in this release:
SIP-184: Dynamic Exchange Fees: Add a dynamic fee in addition to base exchange fees that responds to and neutralizes oracle ‘frontrunning’ opportunities. With such a mechanism in place, base exchange fees can be safely lowered significantly and the overall cost of trade execution on Synthetix can be drastically reduced.
SIP-193: Refactor SystemSettings into Library to reduce contract size: Refactor and deploy a new library for SystemSettings to reduce contract size.
SIP-196: Remove Centralized Oracle: Removes all centralized oracle code from Synthetix contracts and testing. SIP-196 removes all centralized oracle code from Synthetix contracts, which no longer rely on centralized oracles and instead utilize fully decentralized and trustless feeds from Chainlink.”
So, from what I can understand, it is now safer, cheaper to trade and more reliable (decentralized/trustless) via Chainlink. There was no downtime on L1 or L2 during implementation.
As for me, I continue to HODL and amass at 14.05% APY. Monday will be another interest payment for me just as every Monday has been since my first reward on 6 August 2021. Celsius is regulated and licensed by SEC & the US Treasury.--Garry
Traders' guide: 10 yr Yield + markets positively linkedFirst - if you think markets always move opposite to yields, please be open to learning something new. Covariance, in statistics, is the relationship between two random variables. This chart indicates periods of negative (blue) and positive (yellow) covariance between the 10 year yield and SPY. If you think about it, this makes sense because there are times when rising rates give investors more confidence in the economy. Traders can benefit from knowing the general relationship.
> Yields change in response to central bank activity - I cannot explain why the covariance flips
> Other factors influence markets but yield is reliable for intraday moves
> 1.77 has been key support for the yield recently, and hence for markets
> Above 1.83, markets get spooked and covariance becomes negative (you can see this in yellow boxes also)
> Below 1.74,1.73 should increase selling momentum
How am I using this information to plan trades?
> I believe yields will drop further and take markets lower, so I am looking for swing put trades
> This strong upward rally has brought indices and stocks to moving average and price resistance areas, which technically also indicate swing puts
> I have successfully day traded DIA and QQQ calls and puts using yield changes a guide
> I was too early in buying swing puts on 31 Jan, but since they expire 18Feb I can hold the loss for now
> As I finish writing this, yield moved up from 1.748 to 1.771 and markets have also been moving up - I see this as a good time to buy swing puts
FX beacon- why AUD traders needs to focus on the US yield curve Lots of chatter in the market about the US yield curve headed ever closer towards inversion – clearly, much of this move has been driven by short-term rates which have seen 2yr Treasuries push to 1.19% (the highest since Feb 2020), with fed funds futures pricing close to 5 hikes through 2022.
I have shown the US 2s v 10s spread, but US 5s v 30s is certainly getting smacked and at 43bp is probably the part of the curve that will invert first. So, if we know yield curves have been one of the best predictors of future economic stress and recessions, surely it makes sense that the AUD will co-vary with curve flattening? The AUD being a beacon of cyclicality and growth expectations.
For fundamental traders, especially swing and certainly position traders, understanding what a currency pair is most sensitive to can help cultivate a short-term edge. If you know what to look at it can save you a ton of time, right?
Well, we can look at Asian equity markets and see AUDUSD fairly well correlated here and we can take our pick of the Aussie yield curve over the US curve – however, in this exercise I see a solid relationship in play between the AUDUSD and US yield curve – it tells me if US long-end rates outperform and 10yr yields drop faster than short-term rates then the AUDUSD is headed below the 70-handle and the December swing low of 0.6993.
For those trading the AUD, and who want to know why it's moving from A-B and what could cause it to go to C…the yield curve is your central guide right now.
BNB Binance Coin to Lose its 3X Hype Gains. 58% Drop Expected.BINANCE:BNBBTC has gained a lot of attention and hype in March 2021 that contributed to its 3x rise in two months from 4k Satoshi in March to 12k Satoshi in May. The hype was based on Binance entering the DeFi space and announcing its staking returns. At the time, The Binance exchange announced up to 27.49% APY return for staking the BNB token. Currently, the highest APY for BNB according to Binance is 8.69%. Users' interest in gaining annual yield reveals itself to be a delusion to many when they see the gain on capital in the negative 30% territory. Less and less BNB coins are being staked ever the initial announcement in March 2021. There is no more reason to hold BNB. On the other hand, DeFi has also been losing traction as indicated by the price of many DeFi tokens such as AAVE losing 74% of its value vs BTC (even more vs USD). Therefore, it is time for BNB to give back those hype-propelled gains and go back to 4k Satoshi.
The first step is breaking the 10k Satoshi support. We are currently sitting at that line. I have drawn a descending triangle there, but it is not confirmed because it needs a third touch on its upper side. My conservative scenario is that we remain within the triangle for 6 more weeks. My bearish scenario is that, if we don't break the 10k Satoshi support right now, we see a weak bounce up to 10.5k Satoshi before dropping to break 10k Satoshi. The first target is 7.7k Satoshi. Follow me to get updates on this trade as it unfolds.
I am making this bearish prediction on BNB even though I am biased towards BNB because of its impressive performance in the previous Bitcoin bear market in 2018 to 2020. But I would be happy to get a buying opportunity at 4k Satoshi, and I believe we will reach there.
U C What I C? $CREAM regains its Glory
The promise of $IRON has resulted in daily positive news as staking rewards propel buyers towards 2-4 year holds!
PROFILE
C.R.E.A.M. Finance is a decentralized lending protocol for individuals, institutions and protocols to access financial services. Part of the yearn finance ecosystem, it is a permissionless, open source and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain, Polygon and Fantom.
US Gov. Bonds 10 year yield on monthly log scale Looking at the Trend line, it looks like the current financial system might be close to its very end. Put into perspective of the massive Accumulation of the whole Crypto Market, it makes sense for every single investor to stray away from traditional finance. Hyperinflation comming?
BTC: The Big Short 2022 📉🐻When people live on hopium they detach from reality and refuse to look at the bigger picture
Analysis paralysis is an inability to make a decision due to over-thinking
It’s usually accompanied with an overall sentiment of wishful thinking in the financial markets
This translates to extreme fear and greed, the more fearful or greedy investors are, the harder it gets to predict the next market move. This is especially true when markets are at new all time highs or lows.
You guessed it, current market readings are overbought, everyone is greedy and wants in, and prices are at new ATH
Sooner or later this leads to one end… and it’s much simpler and uglier than you think
Crypto first, others follow
Crypto markets has relatively proven to be test grounds for conventional stock markets , as almost every major crypto crash is followed shortly by a stock market crash
I strongly believe we’re on the verge of a recession at the very least, others might even call it a depression
My view depicts an imminent bitcoin & crypto market crash, followed by a stock market crash initiating a long-term bear market and a chain reaction of global recession
Without further ado, let’s dive in!
The Technicals
Yield Curve
The yield curve shows the relationship between short-term & long-term interest rates of U.S. Treasury notes
Usually, the longer the duration, the higher the interest rate, but when the rates draw closer to one another, the yield curve flattens. An inversion of the curve is typically seen as a warning signal for the market
Long story short, The yield curve has flattened recently, with long-dated bonds nearing their lowest point for a year
Last time this happened in 2018 bitcoin crashed hard!
Consumer Price Index (U.S.)
CPI is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services in the U.S.
Pre 2008 recession, the CPI was at an all time high of 5.6%, currently it’s at an ATH of 6.8%
Money Stock
You can’t print money forever!
Scarcity is the definition of value. If everyone have it, why would they want it?
In fact, this is why economies plunge and currencies become worthless just like in Venezuela and Lebanon
Quantitative easing (QE) is a monetary policy whereby a central bank purchases predetermined amounts of government bonds or other financial assets in order to inject money into the economy to expand economic activity
This fancy term simply translates to creating more money whether physically or digitally out of thin air!
The Federal Reserve has printed unprecedented amounts of money to support the coronavirus-stricken economy
Data from the Fed shows that a broad measure of the stock of dollars, known as M2, rose from $15.4 trillion at the start of 2020 to $21.18 trillion in December 2021.
The increase of $5.78 trillion equates to 27.28% per cent of the total supply of dollars.
It means more than one in four dollars was created in 2020 and 2021 !
U.S. Dollar Strength
U.S. Dollar Index (DXY) represents the value of the United States dollar relative to a basket of foreign currencies, most significant of which is the Euro, accounting for 57.6% of the basket
As of this writing, the DXY has failed twice to break historic resistance level of Fib 0.618 around 100 and unless it’s able to break it this time (which i doubt considering the over-bought RSI) it’s expected to pull back to previous support of 80 at least, if not retest ATL of 70
The EUR on the other hand is expected to rise as a hedge against the USD
Bitcoin
Technical Analysis: Overview
Looking at the weekly and monthly time frames, you can clearly see ~$70k price rejected twice with a double top, zoom out a little and a head & shoulders pattern is half complete with a declining volume, an over-bought RSI, a bearish MACD, and a widening BB.
Price action Scenarios
Best case scenario is we climb up one more leg to hit the last Fib 4.236 retracement from 2017’s ATH to 2018’s ATL at around $73.5k-$74k (depending on the exchange)
The only way we can have another bull-run continuation is if we manage to break-out and close weekly above $74k
Average case scenario is an H&S right shoulder at $53k, if we manage to break-up, it could be a bull trap retest to $58k-$60k
Worst case is we just keep dumping to retest previous key support levels at $42k, $36k, and $30k which is the neckline of the double top
If we can’t hold $30k then it’s downhill from there to $20k, $16k, $13.5k, $11.5k, and lastly $9.5k which could be the last time ever for BTC hitting 4 digits again, as $20k will be the new support
This has confluence with the intersection of 0.5 pitchfork (19850-3217-64802) and 0.5 pitchfork (64802-28149-68974) and Fib 0.382 (19850-3159) at $9534 which makes sense when viewed on a log-scale chart on the 1W frame, you can clearly see a strong support zone there.
BTC Dominance
The inverse correlation between BTC price and its market dominance means that when BTC is at ATH, BTC.D is at ATL
This is exactly the case right now where BTC.D is currently at 40.5% and seems en route to retest previous support at 37.5% thus forming a huge double bottom ready to bounce back up strongly
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Stay Safe, Don’t lose your money, It’ll be painful for the unprepared
See you on the other side, inch-Allah
Godspeed
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You can read more here: I predicted the 2018 bitcoin crash... It's time to sell 📉
DISCLAIMER: Not Financial Advice! Please trade at your own risk.
Let the US yield curve guide - viewing the 2s v 5s UST curveAs we approach a world where the Fed look set to hike in March, with 3.4 hikes priced by Dec 2022- we are also now hearing an open discussion around allowing maturing securities on its $8.8t balance sheet to run off (QT) -so, it's worth going back to the Dec FOMC minutes for real insight.
With the market having had time to pour over the wording, it feels clear that the key paragraph is the one highlighted on the chart - with the Fed saying that history has not been so kind when hiking into a flatter curve.
This suggests that if the curve does head towards inversion - and I've chosen the 2s v 5s - then the Fed will do its utmost to counter that - this suggests:
1) the Fed desire a steeper yield curve
2) will favour QT/ balance sheet run-off if we see a flattening curve
In the situation of continued high inflation, wage pressures and full employment, the Fed now have maximum optionality, but to counter the impact of higher fed funds on demand, utilising its balance sheet could be the key focus over hikes.
So our central guide on the Fed's thinking will be the yield curve...and judging by the FOMC minutes if this is flattening and headed towards inversion, the lessons of 1986, 1988, 1999, and clearly 2006 are our case study by which we can wok with.
So if the curve steepens and heads to 1%, the Fed will be compelled to hike concurrently with BS run off... but should if flatten then rate hikes will be priced out - This should offer excellent trading opportunities to go long US 2year Treasuries, and US rates (fed fund and ED futures) and may weigh on USDJPY initially before the market puts more weight on future relative balance sheet differentials. Gold should rally on a flatter curve.
CW
$YFI/USDT 3h (Binance Futures) Bull flag on supportYearn Finance broke-out bullish last week then pulled back to 200MA / desc TL forming a continuation pattern, let's enter here!
Current Price= 28229
Buy Entry= 28163 - 26849
Take Profit= 32410 | 36128 | 40968
Stop Loss= 24697
Risk/Reward= 1:1.75 | 1:3.07 | 1:4.79
Expected Profit= +35.66% | +62.70% | +97.88%
Possible Loss= -20.22%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Website: yearn.finance
Contracts:
#ERC20 0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
#BEP20 0x88f1a5ae2a3bf98aeaf342d26b30a79438c9142e
#HECO 0xb4f019beac758abbee2f906033aaa2f0f6dacb35
#AVAXC 0x9eAaC1B23d935365bD7b542Fe22cEEe2922f52dc
#xDai 0xbf65bfcb5da067446CeE6A706ba3Fe2fB1a9fdFd
#Fantom 0x29b0Da86e484E1C0029B56e817912d778aC0EC69
EURUSD will resume its downtrend EURUSD bounce will face a strong resistance at 1.1370 on the short term and 1.1525 on the medium term
will be a good level to build a sell positions targeting 1.1000
widening spread between the 10Y US- German bond yields will increase the pressure on the pair on the long term.
Yields, 15 Nov. Another Failed H&S Pattern?The 10-year yield has printed a failed H&S pattern. So it is worth looking at it from a technical perspective.
Geometry:
The H&S target at 1.380 was not reached, instead the yield climbed back above the neckline (blue dashed line). This is a small but important detail. A failed H&S pattern is often a strong continuation pattern.
Fractals:
The area marked in red shows the same scenario: A failed H&S with a large move up after consolidation below the neckline. Small patterns give us a hint about large patterns, because they reveal the personality of that instrument.
Elliott:
We are able to count a wave iv (in green) which is part of a larger wave (iii) in blue. This wave, in turn, may be part of a larger wave 1 or leading diagonal.
How I trade it:
Support on top of 1.500 would indicate that yields are ready to move higher. The pitchfork median can act as local resistance.
$ALGO could test previous ATHIf it does test the ATH it may not break through it on the first try, it will probably be the second unless it comes in with incredible volume and velocity. If it doesn't break out it could break down to the 1.87 level, the lower bound of the pennant/triangle.
My money's on Algorand breaking out and flipping ADA then ETH.
Positive signs in OHM's chart, Project outlook is good, i'm longOHM is showing why it is the best DAO - treasury is healthy, staking has been steadily in the range of 7,600-8,400% APY; and Olympus Pro is expanding its ecosystem.
Many new DAOs are appearing that are forked off of OHM, which is growing the entire DAO market cap, and is suggesting great potential for the viability of actual DeFi stable coin. I think OHM will end up having the largest cap out of all of them, and is a wise investment choice at this time.