YFII/BTC Fibonacci TradeYFII/BTC appears to be presenting a very good entry opportunity.
In the shorter time frame, it is consolidating at the 0.236 on a leg up.
Given that this is the second leg up, above some previous resistance
levels. This is a continuation pattern and a bullish sign.
On the daily time frame, we can see that it has been making higher highs
and higher lows for over a month, with increasing volume. This is another
very bullish reversal signal. It has also successfully closed 2 candles above
the 0.236 of the downtrend it is recovering from. Its last resistance before
a reversal is fully confirmed appears to be around 0.07180 which is a
resistance from several months ago. However, it has wicked above this
level twice, suggesting that the resistance is weakening.
An ideal first entry on this strategy is around the 0.236 of the recent move up,
which is at 0.06667. Given that the last few candles don't look hyper bullish
at the moment, it is a reasonable entry to buy at and wait.
Some additional consolidation may occur in the next several days on the
shorter time frames, possibly reaching the 0.382 fib or 0.50. These would
be buy opportunities to DCA and/or sell on the bounces that are likely
to occur if these levels are reached. Howevever, given the current bullish
state of the market and that this is a DeFi coin that hasn't pumped yet,
I remain bullish on this chart.
YFIIBTC
Top 4 coins of the week that didn't pop - Altseason 2021Money is still in the DEFI coins right now but they almost all pumped.
My list of winners is bigger but i put have to choose. I'm still in my other choices from last top 4 : SXP, FET, COTI but I have sold a bit
to roll profits in new unpumped coins with big potential.
XLM and other major could do 2-3-4x but the 10-20-50x will be in the DEFI coins in my opinion.
All the biggest winners for January 2021 are in the DEFI category : name it - AAVE, CRV , REN, DOT, LINK and i pass some.
Now we are looking at the ones that didnt really start that parabola curve we are searching for.
Soon IMO : Majors will try to catch up DEFI so keeping an eye on them.
DFI.Money (YFII) Prepares For Another Jump!YFIIBTC (DFI.Money) is preparing for another strong move in the coming days.
We have prices now growing above EMA50 after conquering it yesterday and now the YFIIBTC bulls have all the technicals on their side.
We have bullish indicators, MACD and RSI, prices trading above EMA10 and EMA50.
Increasing bull volume and the entire altcoins market bullish as well as Bitcoin with more to come.
YFIIBTC won't stay behind, this altcoin pair will also grow.
Namaste.
$YFII will move now and then!as the price broke out of the upper line in previous triangle, which experienced its first touch on sep 2020, its possible for YFII to move up to 3000-4000 price channel. so as price pulled back to $1850-1950, I'll buy some more YFII and wait till it reaches first key resistance level.($2650-2750)
I think if the price couldn't break out of the resistance level, it has supports on $2300 and $2000. so its possible for price to face some more demand and head up to its so called targets.
Entry: $1850-1950 (more or less)
TP: on chart
whats your opinion?
DFI.Money (YFII) Looking Better Than Yearn.financeThis one here, YFIIBTC (DFI.Money) is looking better than yearn.finance for a short term impulse move.
We can see that for the past 10 days we have mostly green candles.
Prices are now trading above EMA21 with EMA50 being the next target.
We came out recently out of a downtrend, and now we have a strong RSI.
This one can easily jump at any time...
Previous chart: (9-Jan.)
Thanks a lot for reading.
Remember to hit LIKE!
Namaste.
YFII the little brother is ready - Altseason 2021YFII is a coin of great interest. Its the little brother of YFI, one of the DEFI leaders that will also shine soon.
In my opinion YFII as bottomed out on the daily.
I know its hard to keep up with all those coins looking so juicy and i get asked a lot : how do you invest in all of them?
Simple : when a I own coin pump (XVG, SC, FET, SXP this week), I sell 1/4 or 1/3 of the position at the 1st target on chart.
That way i get money to invest in the new findings that DIDNT pump yet.
Targets on charts may take 2-4 weeks to complete in my view.
Trade safe!
YFIIBTCHas come above 2h MAs again after that BTC drop. As long as it doesn't fall down from 2h short lines, it can still look good.
YFII in troubleI was hoping for the completion of a cup and handle, but YFII dropped with ETH and BTC dropping and is continuing down even as ETH and BTC moved back up. This a very bad sign in Alts. YFII also broke down from the big channel and is following a downward channel. RSI has plenty of room for downward motion.
Must monitor for a couple days to see if downward trend is established.
Top 4 coins of the week that didn't pop yet - Altseason 2021 Money is in the DEFI coins right now.
ETH and other major could do 2-3-4x but the 10-20-50x will be in the DEFI coins in my opinion.
All the biggest winners for January 2021 are in the DEFI category : name it - AAVE, CRV, REN, DOT, LINK and i pass some.
Now we are looking at the ones that didnt really start that parabola curve we are searching for.
My list is bigger but i put have to choose. I'm 50% of REN and CRV profits in this top 4, and a lot of money that slept for too long
in my Major Caps (top 30 CMC) that i started to sell a bit to go bigger in DEFI.
YFIIUSDT (YFII) - DOUBLE BOTTOM REVERSAL PATTERN ANALYSIS 🔎
- YFIIUSDT is printing the double bottom pattern.
- This is a bullish reversal pattern.
- RSI is printing a bullish divergence signal.
- The right bottom is supported by an ascending trendline support.
- Price is approaching the double bottom neckline resistance.
BUY ENTRY ⬆️
- Breakout above the double bottom neckline resistance.
TARGET 🎯
- Horizontal resistance level 1 (R1).
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.
YFIIBTC cup and handleA steep bullish divergence was formed creating a definite change in trend. A cup was formed and now it seems the handle is completing. The target of the cup and handle is 0.10985.
Assuming that BTC stays flat which is ideal for Alts season then 0.10985 BTC translates to $3,500 for yfii so roughly 2x on the usd pair.
YFIIBTC 100%-392%YFIIBTC has broken out of its descending wedge formation...this one has a great deal of potential upside...bullish divergence in rsi and cci... macd preparing for a crossover into positive territory...first target is 0.11400000 (100%)...volume profile suggests that this would be a good place to take profit and wait for a possible dip...second target is 0.28000000 (392%)...IT'S YOUR MONEY, DYOR!!
Yearn.finance (YFI) vs DFI.Money (YFII) | Chart AnalysisThe last time we looked at YFIBTC and YFIIBTC both pairs/charts were moving together... Basically the same but this is not the case anymore.
While DFI.Money (YFIIBTC) went on to print a lower low and is yet to cross above EMA10, YFIBTC is in a better position as you will see next.
(You can find the full YFIIBTC chart on the related trade ideas below).
Yearn.finance chart analysis by Alan Masters
Here we have a clear higher low when we compared 5-Nov. with 3-Jan.
Price is already trading above EMA10 and aiming to close above EMA21 today.
The trading volume has been green for the past 3 days.
Bullish cross on the MACD is young but clear and the RSI above 50 gives everything away.
The bulls are now in control of this chart, the green arrow signaling higher prices is what we expect next...
WAIT! Remember, things can always change.
So make sure to do your own research, use a stop-loss or build a plan/strategy before you trade.
This is Alan Masters.
Thanks a lot for your support.
Namaste.
DFI.Money (YFII) Chart Analysis, New Wave Incoming!Let me read the DFI.Money (YFIIBTC) chart for you, we might be getting a new bullish wave.
First, the 5-Nov low has been taken out.
A new low was hit just two days ago.
After this new low was hit, we get high volume and the RSI starts to move up.
We can see strong bullish divergence with the MACD and prices challenging EMA10.
Finally, we can see a broken down trendline based on the candles closure... A new bullish wave comes next.
We are already active on this pair...
Remember to hit LIKE if you want to see more altcoins trade ideas and more updates.
Your support is always appreciated.
Namaste.
$YFII/BTC 2h (Binance Spot) Descending channel near breakout#DFiMoney seems to be preparing for a big move up, watch for breakout!
Current Price= 0.04672
Buy Entry= 0.04655 - 0.04535
Take Profit= 0.05096 | 0.05391 | 0.05797
Stop Loss= 0.04260
Risk/Reward= 1:1.5 | 1:2.38 | 1:3.59
Expected Profit= +10.90% | +17.32% | +26.16%
Possible Loss= -7.29%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 180h
YFIIUSDT - Imminent breakout YFIIUSDT is printing a symmetrical triangle pattern.
Breakout is imminent.
Possible price actions are indicated on the chart.
YFIIUSDT 🔼YFIIUSDT is printing an ascending channel on the 1H timeframe.
Price bounced off the channel support and brokeout above the pullback trendline resistance.
Target 🎯 - resistance level, ascending channel resistance.
We R here with YFII again! ;) YFIIUSDTPrice: 1480 USDT
Entry LVL: 1447-1480
TP_LVL I: 1700-1761 USDT
TP_LVL II: 2000-2048 USDT
SL: 1270 USDT
Expected Return: 41.9%
Reward/Risk: 3.39
YFIIUSDT - Potential breakdown 🔽YFIIUSDT is printing a descending triangle pattern.
Price is testing the descending triangle support.
Sell entry ⬇️ - breakdown below the descending triangle support
Target 🎯 - fibonacci extension levels
Setup invalidation ❌ - breakout above the descending triangle inclined resistance.