About meBTCily Wassilyevich Kandinsky (16 December [O.S. 4 December] 1866 – 13 December 1944) was a Russian painter and (ch)art theorist.
Kandinsky is generally credited as the pioneer of abstract (ch)art.
We have about 14 days until lagging span potentially interacts with price and another 14 days to remain above it. If we are above price by then buy all the bitcoins . If we start intersecting, keep your fiat in the bank. Jokes aside I will keep tabs on this as I think it's pretty important for the macro trend.
YFI has been moving to the beat of its own drum these past few weeks. It looks to have bottomed against BTC and is about to have a second coming.
1st target is 68-73k. 2nd target 83-85k. 3rd target 106-108k.
RSI needs to hold trend line otherwise we will need to test the 50 at least, but i'm looking at the 40's if we want to continue our upwards trend. Anything below will signify a market reversal and we this run may be over for the mid-term. In terms of price i'm looking for a liquidation candle so aim for the most recent low in market structure which puts under...
Consolidate and no close below tenkan-sen (support @ 24.5k) to kijun-sen (22k) or we are in danger of losing the trend. Potential price targets in red and yellow, but more importantly with a date of late December 2021 or early January 2022.
Was that a liquidity pull for further upside or naw? Technically we are still in a channel. The move to the downside was about 20% which was the same as the fractal that I'm currently looking at from the rise from $3.2 to $13.8k. I'm neutral. I'll play some ranging scalps if we retest the highs.
Please see chart for similarities in RSI structure and how we dipped right under the point of control before take off. Also see how we rode the 55 ema the entire time. It's beautiful. I believe we will moon today. If we lose 9k I think we may slow bleed until 8.2k and hopefully that holds. If it doesn't I will become a macro bear :(