Celsius Cup & Handle Formation 4 hr Timeline
Beautiful Cup & Handle Formation forming in the 4 hour timeframe, just about set for a run.
Short Term Target: $8-$10
Long Term Target: Pluto
Celsius has been consolidating for a few months now after its last breathtaking run while it accumulated new users, new assets, new collaborations, and forwarded its goals for the community.
Fundamental Outlook:
Starting out January 2020 with only $500 Million of people’s assets, they skyrocketed up to over $4 Billion by the end of December 2020. Just 2 months later and they’re currently sitting at ~$10 Billion held (this was their goal for the entirety of 2021).
Roadmap for 2021:
2 new CEL token listings within the next 2 weeks on major exchanges (according to the CEO Alex Mashinsky in his most recent AMA).
Web application available by the end of March.
Building a self-service API portal within the platform to allow for seamless onboarding of institutional partners.
Year-to-date had as many corporate account applications than they had in the entirety of 2020.
Year-to-date have done about the same amount of business in loans as they did in the entirety of 2020.
Working on integrating in tax-advantaged accounts in the near future (IRA’s, 401k’s, etc.).
Launching a Stablecoin Index Fund within the next several months.
New Chainalysis audit of the company’s holdings will be performed and published within the next ~month.
Number of employees has doubled in the past several months and is continuing to grow at a rapid pace. The CEO (Alex Mashinsky) has stated that they are now buying out some other companies just to keep up with the increase in demand.
Several new token listings within the Celsius application to earn yield on within the next several months (ADA, DOT, IOTA and more).
Ability to opt in to new insurance plan by sacrificing 0.5% of yield to put into a pool with other members to cover any potential losses in the future.
Paycheck-integration and Direct Debit by Q2 or Q3.
Ability to earn interest IN any cryptocurrency WITH any cryptocurrency by Q3.
Crypto Credit Card by Q2 or Q3 that will be the most advanced/best on the market.
CelSwap feature to be able to trade cryptocurrency → cryptocurrency within the Celsius application. It is rumoured that this will be available for free (possibly only to members or HODLers of the CEL token).
Crypto onboarding/offboarding for Cryptocurrency → Fiat Currency and Fiat Currency → Cryptocurrency within the Celsius application. It is also rumoured that this will be available for free (also possibly only to members or HODLers of the CEL token).
Just announced that the team at Celsius is partnering with a Top 10 Coin which will allow the team to mobilise the CEL treasury to be utilised as collateral for new loans. This will allow the team to increase the yield for all CEL token HODLers.
Oh… And this doesn’t even begin to mention the couple of “Mega Projects” that the team keeps hinting at but won’t release any details for (my guess would be a collaboration with a brokerage account like Robinhood to HODL the cryptocurrencies for people that have bought through the platform and earn them yield while giving Celsius access to a much larger amount of assets to hold and earn with).
If you’re able to extrapolate a little from the available information… If you can get your paychecks directly into Celsius for 0 fee, and you can convert Fiat Currency → Cryptocurrency for 0 fee… This would mean that you could set up your account to receive your paychecks and immediately allocate 10% to Bitcoin, 20% to Ethereum, 20% to CEL token, and 50% to Stablecoins. You will immediately be earning interest on each of your investments, and you could invidualize which cryptocurrency you’d like to be earning that interest in.
On top of all of this, the team has been gaining new members and active wallets faster than they can keep up with.
They have just updated and installed a Chatbot into the Celsius platform to help with the increased demand and need for Customer Service and are still in the process of scaling up their customer support teams.
In last check, they were getting ~1,000 new users per day, all of whom will now be earning interest in the CEL token as a default unless they decide to change this manually.
-This means increased demand for the CEL token, while supply is only decreasing and is set at 695,658,161 Total Tokens.
With a Marketcap of currently just over $1 Billion, retail and institutional demand flying… And broader markets looking worrisome at best, everyone is going to be looking for stable, safe yield moving forwards. And Celsius is it. They’ve got a world-class team, a brilliant leader/CEO, groundbreaking innovation, astonishing growth, an unrivalled community, and a financially-inclusive vision for the future that makes it impossible not to love them. This baby’s ready to fly.
**I am not a financial advisor! Please trade wisely, do your own research, set a stop loss, and only trade what you are willing to risk losing. May the force be with you. This is the way.**
Short Term Target: $8-$10
Long Term Target: Pluto
Celsius has been consolidating for a few months now after its last breathtaking run while it accumulated new users, new assets, new collaborations, and forwarded its goals for the community.
Fundamental Outlook:
Starting out January 2020 with only $500 Million of people’s assets, they skyrocketed up to over $4 Billion by the end of December 2020. Just 2 months later and they’re currently sitting at ~$10 Billion held (this was their goal for the entirety of 2021).
Roadmap for 2021:
2 new CEL token listings within the next 2 weeks on major exchanges (according to the CEO Alex Mashinsky in his most recent AMA).
Web application available by the end of March.
Building a self-service API portal within the platform to allow for seamless onboarding of institutional partners.
Year-to-date had as many corporate account applications than they had in the entirety of 2020.
Year-to-date have done about the same amount of business in loans as they did in the entirety of 2020.
Working on integrating in tax-advantaged accounts in the near future (IRA’s, 401k’s, etc.).
Launching a Stablecoin Index Fund within the next several months.
New Chainalysis audit of the company’s holdings will be performed and published within the next ~month.
Number of employees has doubled in the past several months and is continuing to grow at a rapid pace. The CEO (Alex Mashinsky) has stated that they are now buying out some other companies just to keep up with the increase in demand.
Several new token listings within the Celsius application to earn yield on within the next several months (ADA, DOT, IOTA and more).
Ability to opt in to new insurance plan by sacrificing 0.5% of yield to put into a pool with other members to cover any potential losses in the future.
Paycheck-integration and Direct Debit by Q2 or Q3.
Ability to earn interest IN any cryptocurrency WITH any cryptocurrency by Q3.
Crypto Credit Card by Q2 or Q3 that will be the most advanced/best on the market.
CelSwap feature to be able to trade cryptocurrency → cryptocurrency within the Celsius application. It is rumoured that this will be available for free (possibly only to members or HODLers of the CEL token).
Crypto onboarding/offboarding for Cryptocurrency → Fiat Currency and Fiat Currency → Cryptocurrency within the Celsius application. It is also rumoured that this will be available for free (also possibly only to members or HODLers of the CEL token).
Just announced that the team at Celsius is partnering with a Top 10 Coin which will allow the team to mobilise the CEL treasury to be utilised as collateral for new loans. This will allow the team to increase the yield for all CEL token HODLers.
Oh… And this doesn’t even begin to mention the couple of “Mega Projects” that the team keeps hinting at but won’t release any details for (my guess would be a collaboration with a brokerage account like Robinhood to HODL the cryptocurrencies for people that have bought through the platform and earn them yield while giving Celsius access to a much larger amount of assets to hold and earn with).
If you’re able to extrapolate a little from the available information… If you can get your paychecks directly into Celsius for 0 fee, and you can convert Fiat Currency → Cryptocurrency for 0 fee… This would mean that you could set up your account to receive your paychecks and immediately allocate 10% to Bitcoin, 20% to Ethereum, 20% to CEL token, and 50% to Stablecoins. You will immediately be earning interest on each of your investments, and you could invidualize which cryptocurrency you’d like to be earning that interest in.
On top of all of this, the team has been gaining new members and active wallets faster than they can keep up with.
They have just updated and installed a Chatbot into the Celsius platform to help with the increased demand and need for Customer Service and are still in the process of scaling up their customer support teams.
In last check, they were getting ~1,000 new users per day, all of whom will now be earning interest in the CEL token as a default unless they decide to change this manually.
-This means increased demand for the CEL token, while supply is only decreasing and is set at 695,658,161 Total Tokens.
With a Marketcap of currently just over $1 Billion, retail and institutional demand flying… And broader markets looking worrisome at best, everyone is going to be looking for stable, safe yield moving forwards. And Celsius is it. They’ve got a world-class team, a brilliant leader/CEO, groundbreaking innovation, astonishing growth, an unrivalled community, and a financially-inclusive vision for the future that makes it impossible not to love them. This baby’s ready to fly.
**I am not a financial advisor! Please trade wisely, do your own research, set a stop loss, and only trade what you are willing to risk losing. May the force be with you. This is the way.**
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