TA looks great for YFI/BTC. With Eth and DEFI growing (funds locked increasing), fundamentals at looking strong too. Can also stake YFI on Binance for 4.6%. Targets 1.49, 2.86, 4
YFI had its sell off, had its exploit, and increased supply from 30k to 36k. Sold off, now we are looking to go higher. The project team have used the newly minted 6,000 coins to pay anyone who lost money in the exploit (which will be paid back to the project through usage fees). Almost every defi project has seen gains, YFI being the one the started it all is...
Bull flag, if breaks and we get a hourly close buy.
Cup and handle pattern on 15min, also shown on 1hr, 4hr charts.
Adding more eth from btc, taking this as a false breakdown
ETH/BTC pair is riding on the bottom of the support channel and horizontal resistance.
Dollar index has a double bottom, could be a short term bounce before heading lower
OMG going parabolic after Tether decided to use OMG network due to ETH high fees. I've mapped out major resistance levels, setting wide stops below each one.
IF BTC Dominance falls and closes below $62 we should have the start of an ALT season.
Cup and handle formation formed and breakout, target $2
Looks like this cup and handle will help break 400 level. After 400 maintains, it can go much higher ~550.
Placed this short early last week, going to add to the position if it bounces back to $86. With the recent oil sell off and given 15% of this HYG debt is in oil, it is another sign a sell off is due.
CME futures closed on Friday at $9110, very high chance the gap is filled. Time frame unknown could be few days or few weeks. Long trade with no lev entered at $7800, target sell at $9100.
If breakdown from rising wedge (8740) Short to 8200-7800.
There is a H&S pattern formed on the 1 hour chart. Hasn't dropped yet, use caution