YFIEUR trade ideas
Possible head and shouldersThe pattern is clear, the indicators though are not confirming the hypothesis except for Stochastic which has crossed downwards and RSI which is unclear. Lately TFI has had a great run so I suppose retracement is possible, looking at YFIUSD I saw another H&S in the past.
YFIEUR 4hr ://ETH pairs in front_same as last few times she ranThis one is setting up so nicely. She is getting ready to run. ETH pairs are in front or the highest which has been a huge indicator of a push coming. If any other volume picks up while eth pairs continues to support and drag her up she could really pump.
Sell targets are tricky and really depends how hard she goes. Regardless, look for some real to decent resistance in the 34k plus range. If she powers thro these levels look for some consolidation, if we can even call it that, around the 34 mark which will give us some clues on how hi she could really go on this rally. Keep in mind that 89%plus of YFI is big holders. This is probably due to the yield farming crews and their generally small community nature and mining pools (app.intotheblock.com) In other words this bitch can move up or down really really fast with little to no warning.
Take profits before that bubble pops. When close to taking profits start looking at ETH and BTC pairs compared to fiat and stable coin pairs. A quick easy way to do this is coin geko. Just click on the asset and it will give you the overall % up or down and under that BTC and with main ALTs ETH %s as well.
She does her best work on semi oversold RSI etc indicators which makes everything that much more tricky. That's why the pairs are great short term indicators when everything else is nutz
BUY THE DIPS
TAKE PROFIT
fOR ANY BULLRUN_ try and have a general plan. AND UNLESS ur in HODL mode like really long term dont spread urself to thin. Every project sounds amazing or cutting edge or whatever. That's why everyone is flocking to this space, they realize at least intuitively that this is not just the future but the greatest transformation of wealth the modern world has EVER scene. If you have 1k pick 2 or 3 if you have 5k go maybe heavy on one or two three and a spread a wide net with small amounts. Like 200 on 4 of your top picks. Try to not FOMO in, which can be hard for even the best, and buy the dips_cost average in. The other side is taking profit. However you do it whenever you do it try and stick to whatever the general plan "was". Shit gets crazy in the moment and its easy to make mistakes, end up bag holding or a list of a dozen other stupid shitty things that we all do in the moment. Remember, you will never sell the top top and never buy the bottom bottom. as Haska_YFI heavy_huge yield farmer and day trader says on his twitter account.
there is no bull market, there is no bear market, takes a fat rip... There is only the market...
ANYWAZE, (off to the hospital to have my first kid her 2nd) this is our current top List not necessarily in order. SOME we HODL_ ALGO CEL ADA BTC ETH n the way YFI is taking over the yield farming space at least in rep maybe YFI should be on the HODL list.
In the end Follow YOUR reads, YOUR charts, take all advice for what it is. filter out the bullshit and take profits...
CEL CEL CEL CEL_CELSIUS is the one... keep some BTC ETH n all CEL on Celsius
ADA_ VET n maybe TEzos n DOT we need to dive deeper on but on the surface look like good hedges for BLOCKchain ethereum type competition_possible additional value_partnerships_etc (same goes for oracles besides chainLINK ie BAND could be a monster)
YFI
ENJ
MANA
ALGO HODL all day keep in algo wallet
VGX_Voyager could go but probably more a steady gainer starting now or early 2021
XRP this week only
XLM this week only and maybe a re buy later after "devastating" re trace on her n XRP...
Like OCEAN and IOTA but need to get deeper. Just Know 15 to 20% of the world economy is made from data and is literally the cardiovascular system for our entire modern business entertainment and so much more that we dont understand. That is now. Imagine 20 years in 2040 what that land scape will look like. FYI additional BLOCKCHAIN ETHEREUM hedges would be in the direct established competition. CLOUD based storage applied to smart contracts and blockchain_via_oracle participation control and access for_into the crypto eco system.
PLTR
PSTG
WE NEED to look into EWT_energy web token_ some big names that are big into making money of these kinds utilities IE electricity, water, etc. Chico CRYPTO is all over that one so check it out if interested.
Happy hunting and remember to buy the dip n take profits...
