If we manage to stay above this bottom at ~0.5-0.6 and turn up strong, we have strong potential for an inverted HS on the weekly, and a triple bottom on the daily chart. Should those succeed we should at least go back to our range highs around 1.1-1.5, and if we can get above range highs, we could see 1.8, then >2 and >3, a potential 6x run vs. btc that could even go higher. Do this while BTC goes up and the USD chart could do well more than 6x.
Get back below our bottom and fail to get back above it will invalidate this idea. Keep an eye on BTC dominance, if it continues to move up this move may have to wait longer before it starts.
YFI has been consolidating between ~0.5 and ~1.5 for over a year now. The longer the consolidation, the larger the potential move when it occurs.
Get back below our bottom and fail to get back above it will invalidate this idea. Keep an eye on BTC dominance, if it continues to move up this move may have to wait longer before it starts.
YFI has been consolidating between ~0.5 and ~1.5 for over a year now. The longer the consolidation, the larger the potential move when it occurs.
