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YFIBTC trade ideas

#YFI ( $YFI / $BTC ) is ready for a moonshot!Hello there ladies and gentlemen, BulloTaurus here with an awesome find! #YFI has retraced perfectly into 0.618 Fibonacci Retracement level that acts now as a support for upcoming altcoin bounce. Bitcoin has ruined most altcoins to run further, making the so needed correction for a healthy uptrend. Personally i think yearn.finance has good potential for mid-long term because it acts as a big gravity point to most DeFi projects and inspired other cryptocurrency appeared later on. Risk: 4 Reward: 8 Disclaimer! This post does not provide any direct financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading. Gentlemen, i need your help... if my ideas that you read are interesting and profitable, please hit the LIKE button to support me sharing my setups and ideas with YOU! P.S. You're awesome. Keep doing it and you will achieve step by step your financial freedom! Peace out.
Long
by BulloTaurus
2
YFI Getting Ready For Another RoundLooks like YFIBTC is getting ready for another round of growth. On yesterday's candle, we can see EMA10, EMA21, and EMA50 being tested as support. Prices fell below to quickly move back up... This is a bullish signal. Both our main indicators, RSI and MACD, stay on the bullish side as well. The RSI is above 50. The MACD above 0. These signals also point to potential additional growth. In all, we stay bullish on YFIBTC as long as prices stay above EMA50. NOTE: Moving and closing below 1.08 would invalidate the above analysis. This is not trade/financial advice and you need a plan if you decide to trade. Always do your own research. Previous articles: Nov 6 YFI Ready For Another Round Of Profits (125%) + Basic Tips Nov 10 Thanks a lot for reading. Namaste.
Long
by MasterAnanda
5
YFI "V Bottom" | Bullish Momentum Building Up!This is another pair that we hit perfectly... YFIBTC. On this current chart, you can see a "V bottom" pattern, which is strongly bullish. Let's start by looking at the previous chart (this is from November 6): Notice how the YFIBTC, 4H timeframe, price is now staying above EMA200 on the previous chart. Now, we are looking at the YFIBTC on the daily (D) timeframe, meaning, you get 24 hours per candle rather than just 4. Here we have prices challenging EMA50 (1.215) which is a very strong level. Above this level, we get another price jump. We have the RSI above 50. The entire altcoins market heating up, continues to grow. Bitcoin is hitting highs that haven't been hit in years and... The USA will have a huge surprise for you all. All these signals are pointing to additional growth. Still, you don't have to take my word for it... Give it some time, do your own research, and we will see how it goes. My view remains, YFIBTC will continue to grow. Thanks a lot my friend for the amazing and continued support. Namaste.
Long
by MasterAnanda
7
YFI Faces Resistance, Will It Grow More?Just as prices can go almost straight down as we saw from Sept. till' Nov., they can also do straight up, as it is happening now. YFI Has More To Offer (245%+ Mapped) YFIBTC is now facing resistance at 1.255 or EMA50. This is an important level. Looking at the bearish wave and how quickly prices fell, the possibility exists for the up wave to do the same. If EMA50 can be cleared, we can expect another jump of 170%. On an EMA50 rejection, we would have a retrace before the next move can develop. The chart is full bullish here. Strong RSI. Rising MACD. Increasing volume. Bullish altcoins market. Additional information can be seen on the chart. Namaste.
Long
by MasterAnanda
10