HTF trend is bearish . Left clean lows on the way up, swept the high into the 61.8 and broke MS . Came back up to form a lower high that was swept and broke down further. Entered on market after the second break of MS . First target is the low of this corrective leg, second and third targets are the extension levels.
$COMP Keeping an eye on this. Breaking the "2" is a recount. Couple #Elliottwave structures ill always throw money at if suspect. Right-pointing magnifying glass1-2:1-2, Diags, triangles,C,3, Flat 2. and try not to be bias. #Confluence with Robot face,geo, s/r = Money bag MO #DEFI #MoneyManagement #RR #PlanB
Comp is really nice.
I think i missed myentry for it but dont force my chances.
Any further bth correction is a simple signal for entry tho
I believe these targes will be reached by not the end of january or so on.
stop is on point
Let's see together!
Dunno why you want a description, I think comp number go up soon. Posted on twitter earlier but I think I'mma start publishing some more ideas (maybe, I've said this before w no follow-through)
4H COMP - Perpetual Futures FTX - COMP has broken out of the descending resistance and has retested it all while forming a low, a lower low and as it retested the descending resistance it has made a higher low - I'm long at 159.25 with a SL at 156 & TP at 176.25 - Without leverage risk is 2.04% & Reward is 10.68%
It does make sense that the DeFi insane yields would prop up prices and bitcoin's price too. However, I think that there is still a correlation with the stock market.
