Some charts have great signals, very strong signals. Some charts have such strong bullish signals that when you see them you become anxious and you want to sell your house to buy the pair... FOMO kicks in.
Some charts have no bullish signals yet, I am still bullish...
✔️ Compound vs Bitcoin (COMPBTC) is trading below EMA10 (bearish). ✔️ The MACD broke below zero (bearish). ✔️ The RSI is below 50 (bearish). ✔️ Trading volume is super low (bearish).
✔️ But I am super bullish on this pair.
Sometimes we ignore the charts and go with experience.
You see (or hear, feel, sense... depending on your type), you can have very strong charts, very strong signals and things suddenly change for the worst.
You can literally see something really great developing, feel 1,000% certain and still the market turns... It also works the other way.
You can see a pair that is completely bearish and out of nowhere, suddenly, things can change.
This doesn't mean that I have to be right in this specific instance, I am just sharing how things work.
Compound can have some bearish signals, most of them, but if you can look between the "lines", I should say between the "candles", the classic signals are not all.
My money is on Compound going up. What about yours?