COMPUSD trade ideas
COMPUSD Technical Analysis Introduction
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.
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Technical analysis
COMPUSD is headed for 660$, and, as I said above, this is because of it breaking out of it's triangle pattern. Here is the rest of the information concerning the trade.
Entry: 532$
Target: 660$ (24.07%)
Stop-loss: 509$ (4.51%)
Risk to Reward: 5.34
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Final thoughts
I will keep track of how many winning/losing trades I've had to see if I'm actually any good. I really should have started this sooner, but better late than never. Win rate, average risk to reward, average % profit, average % loss, and total net profit will be at the bottom of any idea I post. This will be using only analysis I make public; it doesn't include any private trades I may take. Good luck and great trading everyone! (Links down below to all past successful trades).
*not financial advice
COMPSo 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 proceed. IMO. Close H1 or above below 446 ish invalidates.
COMPOUND: More UpsideHello Traders,
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 gains over the past few weeks. It is about to be Compound turn to catch up to the rest of the lending protocols.
Let me know your thoughts.
COMP : Would like a handle just like ADA, ATOM, ALGO...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 again after 25k , let's say end feb/early march, it will take the alts with him thus letting coins like COMP, ALGO, ADA, ATOM, ... complete their handle and possibly start to moon.
In case of COMP, if the pattern would complete itself, it could also be seen as an inverted H&S (if you include price action starting at 12 aug 2020) , giving the same end result.
Target in chart. ( so we are short in short term to form the handle , but we are long in mid term after handle formation.
I'm excited to see if i can get confirmation on all of this...
Not financial advice !
Goodnight for now !
Pulse of an Asset via Fibonacci: COMP Impulse Redux: Chapter 3 ?"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 on at least first approach if not several.
This is a particularly interesting example of this phenomenon.
Most returns to the Core end in Rejection, or break and run.
Very rarely does an asset return twice, let alone THRICE.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
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Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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