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DeFi Index Perpetual Futures

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DEFIPERP trade ideas

DEFIPERP - nice rally and now at resistanceMy Wall Street Cheat Sheet chart idea was cancelled by this delicious rally from DEFIPERP. Barely looked for support on the way up, as far as I can tell, following BTC rally? Or just exhausted sellers. Would like to get in at one of the support levels with a stop loss but not sure if I'll get the chance until we see a BTC correction or a wider change in the market. This is a nice way to get some exposure to DEFI without buying individual shitcoins.
FTX:DEFIPERP
by theponzimaster
11.11.2020 - DeFi IndexHi Traders! Today, in the analysis, we will look at the DeFi sector, ie decentralized finances. If we want to characterize the year 2020 in terms of cryptocurrencies, it would probably be the year of COVID, halving, and the just mentioned DeFi. Decentralized finances turned out to be great this year, and it was these cryptocurrencies that were a sign of summer growth. This sector grew the most in the summer. But what do we see on the chart? Do we see any specific coins? You can currently see the DeFi index on the chart. This index includes essentially all cryptocurrencies that somehow fit into the DeFi sector. So instead of watching each chart separately, we can monitor the entire industry on one. As is clear from the chart, we experienced huge growth in the summer, which was later replaced by a decline. Within 65 days, the entire industry fell by 60%. However, in this chart, we can also see the change and impulse. The whole DeFi eventually returned exactly where it started. On the chart, we see strong support and a falling wedge pattern. Last week we broke this pattern upwards, which was also seen on specific altcoins. It was a very important first impulse to make a difference. Are we at the bottom? Is the correction complete? Is it worth jumping into DeFi again? We don't know if we have reached the final bottom at this point, but we have interrupted the 65-day downtrend anyway, so we can wait at least a few days and maybe weeks of growth. May the crypto be with you!
FTX:DEFIPERPLong
by DolleroTechnology
Here Is How The DEFI-Index Can Manage A Continued Stabilization!Hello Traders Investors And Community, Welcome to this analysis where we are looking at the DEFI-Index daily timeframe perspective, the recent events, the current formational structure, what we can expect the upcoming times and how to possibly handle the situation appropriately. The DEFI-Index was in a strong protracted downtrend where bearish pressure almost exaggerated to the point where it has now formed this major descending-triangle-formation that already confirmed with a bullish move above the upper-boundary in which it is now testing the 40-EMA from where supply can enter the market anew, to fully validate the massive descending-triangle-formation it is highly important for the index to show up with the proper price-action, therefore I detected all the important levels and likely outcomes we should consider at the moment. Looking at my chart you can watch there the index just testing right away the 40-EMA in red where the 60-EMA in green lies above, besides that the index has the volume-profile-resistance also in that level marked in my chart with the red dashed line, taking these factors into consideration the index will have a hard time to go above these levels and it is more likely that the index firstly shows a pullback from here visiting lower levels, this pullback will go on and it can also be a possible confirmation of the descending-triangle-formation when the index manages to bounce within the blue confirmational-cluster, this price-action will fully activate the descending-triangle-formation and the index has the possibility to gain strength before a new test of the upper resistance can occur which is possible to move above then. The index is in a situation where it has to show how it manages to bounce from the upper boundary to the upside to finally form a possible breakout above the strong resistance, when such price-action can establish here the index will point to the middle-term-target at around 2450 marked in blue in my chart, when the index reached this level it has to be elevated if there can come a possible continuation or firstly a reversal visiting lower levels before, which is not far away aground of the overbought conditions the index will move in when approaching this level. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “There are many roads to prosperity but one must be taken.” Information provided is only educational and should not be used to take action in the market.
FTX:DEFIPERP
by VincePrince
7
DeFi Tokens Aren’t Taking Part in This Bull Run YetWhile Bitcoin is in its strongest bull market since 2017, DeFi tokens have actually been selling off. Bull Run and Subsequent Correction This year was terrific for the DeFi tokens until September; some grew by more than 5,000% from January 2020. The DeFi Index we are analyzing was created towards the end of June, and therefore we are unable to showcase the entire uptrend. However, we can see the end of the bull run, which occurred this summer. On September 1st, the entire Crypto market experienced a pullback, and amid a few exceptions (e.g. THETA, BNB), all coins stayed at lower levels for the rest of the month. In October, Bitcoin started gaining strong momentum, rising around 28% and closing the month at a yearly high – that's when the main divergence between Bitcoin and the DeFi tokens appeared. While Bitcoin continued to grow, the DeFi tokens intensified their sell-off, reaching their July levels at -60% from the all-time high. Where to Next? We currently appear to have bounced off the $1,375 level, which acted as support throughout the end of June. The support at $1,375 is the last level that we can see on this graph (due to the index's relatively recent arrival). Therefore if it breaks, we will have to look at the individual tokens to identify other support levels. As the DeFi tokens' price are not correlated with BTC and the rest of the market at the moment, it is hard to tell what will happen next. Today the tokens did follow Bitcoin in its bullish day, but whether they will continue to follow is still uncertain. However, if you believe in the DeFi tokens' fundamentals, then this is an extraordinary opportunity to buy some at a 60% discount.
FTX:DEFIPERP
by cryptohopper
Psychology of a Market Cycle - DeFi EditionHere's the DeFi version of the infamous Wall Street cheat sheet aka "Psychology of a Market Cycle". Of course - it's never really this simple. This is just a bit of fun, nothing I like more than applying this template in retrospect! If it did follow the cheat sheet to the letter, we'd be seeing a long lull in the market and then a rise back up for roughly March 2021. Note: Full disclosure, I'm bullish on DeFi long term. I believe the current DeFi market will evolve, similar to how BTC evolved through many market cycles over time. Projects like $LINK, $NBT and $CORE will survive and thrive. The scams will boom and bust with each cycle.
FTX:DEFIPERPShort
by theponzimaster
What Are NFT Tokens And How Do I Get It?NFT is a new round of the DeFi trend. Some yield farming sites began to add not only the mining of ordinary tokens but also collectible (NFT) tokens. The main difference between NFT tokens and regular ones is that they are not fungible. For example, fiat currencies are fungible because each unit is equivalent. The ten-dollar bill can be replaced with any other original ten-dollar bill. NFT tokens are unique, they can serve as collectibles, tokenized assets, etc. Previously, NFT tokens were used in games. Now they have appeared on the yield farming protocols. You can combine not only the farming of platform tokens but also mine unique NFT tokens that can be exchanged or sold in various markets. Remember that decentralized finance is only at an early stage of development right now. Best regards EXCAVO
FTX:DEFIPERP
by EXCAVO
2
DEFIPERP - Temporary relief and then continued drawdownI think what we're going to see here is a brief relief bounce, then continued move to the downside but with much less momentum than before. Bollingers are contracting indicating the market is settling a little, Stoch is oversold so expect some relief in next few days. Currently at a support level with a lot of chart history. But expect continued downside simply because hype is leaving this market, even if the market shall remain. DEXs are here to stay but DeFi autumn draws in.
FTX:DEFIPERP
by theponzimaster
2
DEFI market - at a crossroads: bubble popped or cooldown?The DEFI market is having a slowdown right now, so I decided to chart it via this aggregate chart. The extremely sharp sell-off in early September has all the hallmarks of a bubble-pop - remarkable how savage and immediate the sell-off was across these assets. It seems to be stabilising and trying to find some footing now, but this is all too common in bear markets - a sell-off, attempt to find support, and then further sell-off. What I'd want to see is this support area to hold and then a slow climb upwards in November, as the crypto market as a whole hopefully picks up after the U.S. election. There are still plenty of good projects in DeFi (Kyber, NEO, CORE all spring to mind) but this may not be enough. The market is very heavily diluted with scams and it really reminds me (and all other crusty boomer traders) of the ICO mania of 2017. My hope is that the better DeFi projects can somehow break away from the scams and forge an independent identity, leaving the scams as a separate and dying market. I do see real value in DeFi + DEXs as a concept. Uniswap v3 making it easier to filter out scams, and improving user interface (even adding stops) may help to make this a reality. I'll be monitoring this over the next 6 weeks to see how we get on.
FTX:DEFIPERPShort
by theponzimaster
1
DEFIBULL H8: BEST level to BUY/HOLD 100% gains(SL/TP)(NEW) Why get subbed to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates DEFIBULL H8: BEST level to BUY/HOLD 100% gains(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: DEFIBULL 8hour chart review/outlook ::: powerful accumulation pattern ::: 100% until resistance ::: BUY LOW from mirror S/R level ::: BULLS should get ready to BUY LOW ::: BULLS BUY/HOLD near range lows ::: TP BULLS is 100%+ gains ::: nice technical setup overall, so get ready ::: BUY/HOLD swing trade setup ::: for patient traders only ::: so just be ready to buy later ::: and get paid ::: good luck traders! ::: and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment outlook short-term: BEARS/PULLBACK
FTX:DEFIBULLUSDLong
by ProjectSyndicate
7
WHY IS DEFI LOSING SO MUCH?Hello, alts are suffering (see my previous idea), but why is defi suffering even more? Should it not be the FUTURE? Well, there are basically two reasons. The first and most obvious one is that, despite other alts, old generation alts, the defi alts experienced an astonishing rise that would have come to an abrupt end anyway. They had to come to more realistic levels. The second one, that also answers the question "yes, but why are they getting slaughtered?", lies in the rational behind the defi world. DeFi (as it is now) is lending and borrowing. Mainly lending at astonishing % to people willing to pay huge interests to swap their coins and invest in more profitable coins. Why the hell would someone borrow BAT at 60%? To farm defi coins and to invest in projects that have a 60%+ expected returns. For the game to stay in equilibrium, coins HAVE TO RISE. With the first fall, the whole game crumble down. It also depends on BTC. With BTC indecision, many are in usdt and btc only, simply not willing to deploy their coins in any way. They just want to stay liquid. We need to wait for a better moment to re enter DeFi
FTX:DEFIPERPShort
by edutradinguru