Description
⋅ Remember March 2021?
After March's low YFIBTC went on to grow by 200%+.
A new low has been hit recently which means that all the gains from the previous bullish wave have been completely removed.
All stop-loss triggered, this can turn into good news.
- After a bullish wave, what follows is a bearish wave (March to April = bullish. April to now = bearish).
- After a bearish wave, what follows is a bullish wave.
- We are getting closer to the next bullish wave. Be prepared.
The RSI hit oversold/weak recently and is now starting to turn.
Yearn.finance (YFIBTC) is likely to move higher.
Remember to have a plan before you start trading.
Additional details on the chart.
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Namaste.