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Compound / Bitcoin

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COMPBTC trade ideas

Compound (COMP) Project Overview + Fib. LevelsAbout Compound Compound (COMP) is an ERC-20 asset that powers the community governance of the Compound protocol; COMP token-holders and their delegates debate, propose, and vote on changes to the protocol. By placing COMP directly into the hands of users and applications, an increasingly large ecosystem will be able to upgrade the protocol, and will be incentivized to collectively steward the protocol into the future with good governance. Source: Coinmarketcap.com Website: compound.finance/governance/comp ------------ Compound (COMPBTC) caught my attention recently... This one is available for trading on Binance, Bittrex, Coinbase, Okex, and HitBTC... More exchanges than usual. When you look at the COMPUSDT pair, this one is available on Poloniex, KuCoin, and FTX, reaching all major exchanges. Compound (COMPBTC) Chart Analysis This one has little history and the potential to bounce from current prices... But there aren't any strong bullish signals, prices can as easily continue lower. This is not financial advice. Namaste.
CLong
by MasterAnanda
3
COMP.BTC (Y20.P3.E1).Keep an eye on itHi All, This one is odd one to TA, COMPOUND as a newly introduce Defi, and trying to get the right level is all guesses, however its a challenge and if one keeps an eye on it, you never know when it will explode up. Recently I read a news article giving it favorable reviews. "Compound’s New Custodial Wallet Could Spark Institutional Interest in DeFi" Key Takeaways > The most used DeFi lending platform, Compound, has integrated Curv—a digital asset custodian focused on institutions. > For now, only deposits are available, but Curv has plans to enable borrowing later. > Though the Compound-led decentralized finance (DeFi) sector is rapidly growing, it’s still very small compared to the traditional multi-trillion financial services industry. This may soon change, however. In the realm of near-zero and negative interest rates, decentralized platforms present more attractive yields than traditional fixed income instruments. For instance, the most used DeFi lending platform, Compound, offers users over 2% yield on stablecoins plus additional income in the form of the protocol’s governance token, COMP. Buy the rumour, sell on the news!! Its a difficult one but one needs to be aware of any opportunities. Cheers S. Sari 15 Min time frame
Long
by ssari
3