I think BTC will go down to 25k starting somewhere tomorrow until early/mid feb.
After that, i believe many many more institutions will join the crypto adventure , but first they want to get the price to 22-25k ofcourse.
So while BTC is slowly going to 25k , COMP in this example will form the handle, so starting from tomorrow that is. IF btc indeed starts to rise...
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected...
Hit my bottom blue trend line. Expecting it to get back in channel this week!
Timeframe: 1-2 weeks
Possible Gains short term:7-15%
Price Target: $550
This is just my view and information for me to track. Do what you will with the information!
I spotted a bullish pennant with bullish divergence. BTC just closed above the daily 21 EMA, so it should be moving up in confluence with some of these blue-chip alts. Hopefully legacy finance doesn't mess with what's showing on the charts.
Hello trading-view! COMPUSD might experience a 24% rise sometime soon. It has just put into action it's symmetrical triangle pattern by breaking to the upside, and right now seems to be the best time to get in.
COMPUSD is headed for 660$, and, as I said above, this is because of it...
So long as BTC doesn't ruin the party. This looks like a decent set up for a shot at the highs from R/R stand point. Also seems laggy of of its tru pairs BAL/AAVE (which havent really given up as much ground) etc. Thesis is that the local low was just put in, in and around the trend line support. 500 1st real stick area needs to close above for mark up to...
COMP has strong fundamentals with a low circulating supply.
I will be looking at securing a long position in the coming weeks if it meets my price targets, due to the recent rise I will wait on correction concerning risk management. Strategy posted above.
Compound recently made a new all time high breaking into the $300. Currently, I am waiting for Comp to retest the previous all time high and continue higher to complete its 1:1 measure move to $460. The lending protocols have been gaining a lot of attention as people are looking for more yield. AAVE, Celsius, and a few other have made a lot of...