DEFIPERP trade ideas
DEFI coins vs BTC not looking too hotDEFI coins will most likely decrease to their BTC pairs.
We need to retest lower support.
Bottom late July, early August in my opinion.
DEFI Overall MarketDefi has been closely tracking ETH price action overall since that is what it is built on. With EIP 1559 and eth 2 coming, Defi is set to do very well. It does tend to act in multiples of ETH but it is also possible that ETH takes dominance during the run to flip BTC. But looking at the overall chart a correction after the EIP hype should lead Defi to another blow off top that might be the true blow off where Defi coins takes its place in top of the coin marketcap charts and remove some old legacy coins that are no longer relevant.
the bottom is in friendsLong Defi, Long BTC , long Everything, Long ETH, even ETHBTC. Long Solana and its entire ecosystem. Not $step though; nobody likes step
DEFI Index, Move Below Well-Established Trend-Line, Objections!Hi,
Welcome to this analysis about the DEFI Index, we are looking at the 6-hour timeframe perspectives. The Index recently has shown up with a sharp move below a well-established ascending-trend-line marked in my chart on which the Index severely bounced bullishly to the upside and now recently moved below it signaling it is now a serious resistance-line that should not be underestimated, mainly when the Index moves on the next times to test the remaining supports it is likely to emerge with a pullback from there because of the resistance-cluster. This does not mean the index will continue bearishly forever however it has to be elevated then how the index manages to confirm the dynamic-support-line as a reliable support to bounce and back up.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
My DEFI SUMMER profit taking indicatorLooking at ratios to finally get some profits paid in btc and eth from my many many many early defi positions which I took before ETH mooned to 4.5k!
Good opportunity to recover lost gains. I am in AAVE, ALPHA, PERP, SNX and LINK against ETH and BTC at this current point.
DeFI season is starting now!??????? crypto signals💎DEFI🌴FREE UPDATE🌴
Another DeFi season ahead ⁉️
- Yello ladies and gents🥂😎
💎The sector in which is ParadiseTeam very interested right now again is DeFi.
💎As you can see on the Defi index chart above (All Defi projects in one basket), the chart shows a great strength with price bouncing off the 50 daily moving average and old resistance now holding as a support (green zone). Defi held up remarkably well over the weekend and continues to outperform both BTC and ETH.
💎#AAVE for example, just consolidated over the weekend before breaking out higher. Up +12% vs BTC today.
💎For now, Defi looks set for another move up soon.
💎Sushi ultimately, we expect it is going to make new ATH's in the coming weeks with a primary target area around 6k-7k sats.
💎The juiciest projects which will get the most love are, in our opinion, those in combination with NFTs and DeFi, like Aavegotchi, for example.
DeFi tokens comparison vs their own Index In this chart we have a birds-eye-view of most DeFi perpetual swaps against the DEFIPERP index (an index with around 25 defi tokens)
RUNE and SOL immediately come to attention as the biggest overextended pushers.
CREAM, KNC, COMP biggest laggards against the index.
This is also subjectively bullish since coins that underperform generally tend to have liquidity rotation into them at some point.
CREAM for example is one of those that seem to gather some hype on social media. Worth to keep an eye.
Long on #defiperp for $29,000+ target near fib as shownLong on #defiperp for $29,000+ target near fib as shown
* Super algorithm called bullish
* Ichi looks bullish
#DEFI-PERP tracks the price of a basket of Decentralized Finance coins, using a weighted average of the prices of #KNC, #MKR, #ZRX, #REN, #REP, #SNX, #COMP, #TOMO, RUNE, CRV, DOT, LINK, MTA, SOL, CREAM, #BAND, #SRM, #SUSHI, #SWRV, #AVAX, #YFI, #UNI, #WNXM, #AAVE, #BAL.
Considering the way #defi is going, I think #defiperp might reach its target in a few short time of a few weeks
DEFI projects ahead of huge spikesIt seems that we are dealing with a similar movement on DEFI as at the turn of December-January-February.
The dominance of the DEFI starts to pick up after the bottom of the D1 chart is reached.
The MACD and RSI indicators look very bullish. Domination has cooled down nicely after reaching the last high and it looks like we are building a strong movement on DEFI projects.
Altcoin dominance clearly broke out. What's next?Big breakout both in USD and BTC terms after almost a 2 months consolidation period. Several larger coins have started doing pretty well once again, which will then have a direct impact on smaller ones. However until then on average BTC and ETH might crush the rest of the coins in terms of returns.
So far the total market cap has gone up 140% vs BTC but coins have pumped on average 10-15x from bottom to top. However this next leg up will also be massive as we are moving in the 4th phase in my opinion and one where even more people from outside the space are pilling in... and where the supply/demand imbalance is massive.
Currently the main issue for alts would be a Bitcoin ETF announcement or an 'attack' to 'unregulated' exchanges, but there aren't things I can predict now. All I see is tons of coins look good, Crypto outperforming everything and leading the way across all markets... So I can't see a reason why something would change right now. I don't see anything that tells me things are about to slow down, but the exact opposite. Again for now this holds both in BTC and USD terms.
In my view the first 3 phases were pretty small and there was constant rotation among coins, themes, narratives, sectors and so on... but this time around I don't know what's next. Tons of things look great and if Ethereum does well, tokens on Ethereum that suffered for quite some time might be 'revived'. A 15% rally of ETHBTC is no joke, especially as it is back above all key MAs and Pivots.
Essentially it is like the market has done a 5x vs BTC, with small caps coming closer to large caps, we could get another 5x. Alts came off the largest capitulation event ever, with the REAL Bitcoin Dominance hitting 77-78% and alts only rallied after Bitcoin hit 35k, which is quite big. Currently alts as a whole haven't even gone above their August 2020 peak, so they are still relatively cheap. In my opinion Bitcoin dominance could easily hit 40% in this quarter. So be ready!
Is it time for DeFi again? Most likely yes!DeFi on Ethereum had a big correction after things got really frothy and fees on Ethereum skyrocketed. For about 2 months DeFi took a back seat as everything else was pumping. During those months we saw tons of pumps from different categories, while DeFi & ETH had a 35-60% corrections vs BTC which is quite large. What we need to note however is that DeFi had gone up over the summer while the rest hadn't. Also part of DeFi bottomed vs BTC in November while the rest bottomed in January.
Now clearly fees will be an issue again, but the influx of new people is going to push DeFi much higher. Not only the influx of new people, but people selling their Coinbase stock and we need to remember Coinbase went heavy on DeFi tokens over the last year with lots of listings. To me this is a key rotation (from CEXs to DEXs) and includes not only Coinbase stock, but also stuff like BNB, FTT etc.
AAVE, SNX, BAL, COMP, MKR, YFI are the larger ones which have also been lagging to an extend compared to others. All of those are listed on Coinbase. UNI hasn't been lagging and its UNIBTC chart looks like a gigantic cup & handle pattern. Now SUSHI and CRV got recently listed on Coinbase, so they have the potential to do very well given that there will get more buyers this time around. BNT has a quite special chart and its price action seems controlled by a bigger entity. GRT is a special one as it has had several big pumps and looks ready for its next big one. LRC has been a massive lagger too and it is pretty cheap compared to others so potentially cheap to own here after such a big move.
The DeFi index doesn't show the full picture yet because it has weird mix of coins, however the breakout is very clear. This could be very similar to what happened earlier this year in terms of magnitude. We are 3.5 months into this alt season and we are getting breakout after breakout. Rotation from one category to another with no signs of weakness as a whole. Yes some look weak, yes some haven't done well... Yet the market as a whole has been pushing higher and higher. Ethereum is also looking very strong and healthy so it can push much much higher from here over the next few weeks. I can see the whole altcoin show going up until the end of June, so be prepared for big stuff.
I think we in Phase 4 or Phase 5 of this alt season. Given that we are going back into DeFi assuming this pump won't fail or that others don't do better than this market sector, we are probably in a new phase. We are potentially 60% into this alt season and there is a lot more to it!
DEFI PERP - ROUND 2 INCOMING ; wave 2 or 3? pamp itDEFI PERP - ROUND 2 INCOMING ; wave 2 or 3? pamp it
just been looking at this today so thought id share
bags i want from this index;
REN, SNX, TOMO CRV, SRM, SUSHI, AVA X, AAVE
the others seem to have gone up much more which makes me think they have less in the tank to go naturally. but it could be these ones just suck.
catch up time i think.
its the future of france!
glhf
