paulisidor

Its still a sellers market for a little while longer.

Short
COINBASE:YFIUSD   YFI/USD
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3
The patterns all messed up now. The shake out was suppose to be bigger the buyer rallied together to claim the victory. The best case scenery would be to watch for more side ways consolidation in case you missed you entry point like I did. "thanks coinbase" So far we hit our target of 15,000 however slightly, but the fight is just beginning. The rally upward will be a big one so bring your space suits.

On a more serious note currently it's a buyers market, but I believe we will retest the $15,000 so be patient. The wave two got broken by the fear, but RSI has at least one more dip left in it. The correction will be a Zig Zag or a Flat, but it's to early to tell. The retest should happen soon before it off to the moon. My opinion matters.

Comments

I missed my opportunity to buy at $15k as well because I thought it was going to drop a bit before going back up.. I was wrong lol - although I'm still learning charts. Thanks for your post :)
+1 Reply
paulisidor Roid_Rage
@Roid_Rage, no worries. I think we got one more shot coming up. But I think I would enter at the 16,250 rather than aiming for another 15K (fingers crossed). We'll know by this weekend hopefully.
+1 Reply
swamp_gritz Roid_Rage
What’s everyone thinking about it now?
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paulisidor swamp_gritz
@swamp_gritz, we successfully hit the $16250 mark (updated chart from yesterdays post). There's is potentially on more dip to complete a wave C, but I don't think it will be deep at all. I'm on the ropes just watching. If the analysis is correct then after this dip the market will go where ever bitcoin goes (a huge wave 3). I was able to get in on target and have about 66% of the amount I wanted to put in the market invested. If it goes below the 16,000 even slightly I'll pull the trigger.

The next target entry would be $16757 (as of now) for me then I would just hold no matter what happened gain of loss. I was stupid to sell when I had original bought at low taking a small profit. what's I get for listening to my friend, but I was down by a lot before we bounce back up.

The market so far has just experience its first up trend in a while so the speculation is perfect to get a feel for where things are going. The rest now awaits bitcoin. Since this market is more volatile than most crypto we might not ever come back to these prices, but time will tell. I don't think we'll bottom out again though. Most of the DeFi coins are on the move. Lets hope to ride this wave up together.
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