Coinbase Global
Long
Updated

COIN, 40% gain to be expected

552
Hi all,

I thought I would share this stock, which I've been trading for over two years. COIN and BTC are very closely correlated.

I posted about BTC just a bit ago and I expect BTC to be in 60-70k range for this new bull cycle. This means COIN should cross $240 and could get to $260-270 range once again. We are looking at an easy 40% gain.

Take a look for yourself and see if I'm wrong 😉

Green pips to you 🤑
Note
We are close to reaching the target. You probably wonder how much higher it could go once it reaches the target. COIN could break the highest high if BTC manages to does it as well. We could see COIN breaking $300. However, my time-based exit is prior to the election as I expect some volatility soon after that could lead to some sell-off. Election results could be the sell-the-news type of event.
Trade closed: target reached
Target reached. Expecting a correction now.

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