yfi just hit my buy zone box but market timimg off/wait n see
I would look to buy from 8k ish down to 7 or 6k lowest and that will happen quickly (bounce) in that range. all in all yfi doesnt look to drop much lower then that and under 10 to 9k is really a long play win here. Other DeFi "BLUECHIP Projects" I like (chart and project wise) wise rite now is CRV n maybe some AAVE. OP is about there as well. Matic needs to drop more while same with SOL but shes almost there and ready to rebound soon. DOT ADA AVAX ALGO and other worthy blockchains are about there as well. AS projects like COSMOS (ATOM is the cosmos token) will connect the dots to these islands of liquidity as cross chain and the fiat on and off ramps will become king in this next cycle. (ZKS OCC LINA n other deep market cap alts that play into this utility could stupid pump in the coming months) same with some getting er done centralized exchanges like CRO building their own blockchain with the help of COSMOS. last but not least dont forget about DEX's like UNI SUSHI 1INCH SNX ZKS should be the pit stops and deep wood liquidity camps of this market during the next run.
i put this buy box in a few weeks ago and we most def just smacked rite into it. the problem is market sentiment is jumpy. it feels like we r very on the fence ie everyone is in wait and see mode which u then combine with the current crypto regulation drama. If the wrong news hits in moments like these it can go from bad to worse n fast. the same for an uptrend.... I think the markets traditional and otherwise r close but not ready to full reverse yet. I still think we see more stimulus this winter combined with another month or so of "bear market mentality" before we see real gains across any and all markets.
That being said, these ALTs are looking about time for a small bag with a cost average from there. What i sometimes do in these situations is buy a very very small position, more to watch the asset then take a real position yet. So if 500 to 1k is plan to spend on YFI I would spend, at he most, 5-10 percent of available funds for that asset.
I still think we see more down trend before up. we might see fits and starts as random this and that temp. pumps but I dont think we see a full bear market reversal until the USA DOLLER reverses and a bit more downtrend in BTC ETH n some ALTS
i put this buy box in a few weeks ago and we most def just smacked rite into it. the problem is market sentiment is jumpy. it feels like we r very on the fence ie everyone is in wait and see mode which u then combine with the current crypto regulation drama. If the wrong news hits in moments like these it can go from bad to worse n fast. the same for an uptrend.... I think the markets traditional and otherwise r close but not ready to full reverse yet. I still think we see more stimulus this winter combined with another month or so of "bear market mentality" before we see real gains across any and all markets.
That being said, these ALTs are looking about time for a small bag with a cost average from there. What i sometimes do in these situations is buy a very very small position, more to watch the asset then take a real position yet. So if 500 to 1k is plan to spend on YFI I would spend, at he most, 5-10 percent of available funds for that asset.
I still think we see more down trend before up. we might see fits and starts as random this and that temp. pumps but I dont think we see a full bear market reversal until the USA DOLLER reverses and a bit more downtrend in BTC ETH n some ALTS