Is this the Breakdown I've been predicting?
Updated
As charted & see related ideas.
Last week, I saw a request on HARO to comment on BTC and crypto after COIN's DPO. I made a reply, though I doubt the reporter would use my material, because most are fishing for bulls.
The fact is that artificially pumping the price high is costly, and in hindsight it's probably motivated by COIN's DPO (instead of profits, shareholders benefit from selling their shares).
This is no different than AirBnB and Uber. (Ok, different because COIN makes profits due to its insane fees.)
Last week, I saw a request on HARO to comment on BTC and crypto after COIN's DPO. I made a reply, though I doubt the reporter would use my material, because most are fishing for bulls.
The fact is that artificially pumping the price high is costly, and in hindsight it's probably motivated by COIN's DPO (instead of profits, shareholders benefit from selling their shares).
This is no different than AirBnB and Uber. (Ok, different because COIN makes profits due to its insane fees.)
Note
Appears that an attempt to retest is under way
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.