If you look at the chart, 
COIN has broken out of it's downtrend but has now formed a lower high and looks to be set to go lower from here.
I think the most likely scenario here is forCOIN to correct to the $140 area before moving up to the $350 resistance area.
This would also line up with my thinking that
BTC moves down to GETTEX:54K-48k before seeing new highs.
Let's see how it plays out over summer.
COIN has broken out of it's downtrend but has now formed a lower high and looks to be set to go lower from here.I think the most likely scenario here is for
COIN to correct to the $140 area before moving up to the $350 resistance area.This would also line up with my thinking that
BTC moves down to GETTEX:54K-48k before seeing new highs. Let's see how it plays out over summer.
Note
Going to buy puts tomorrow morning. Both crypto and stock market look weak.Note
Next stop $140-150Order cancelled
Now think $300+ before $100. $100 will still get tagged either this year or next. I bought COIN calls last week. Will update chart soon.Note
Sold my $205 11/15 calls yesterday for 690% profit.Rebought on the dip this morning $275C for 11/15 already up 72% on them.
Still think coin should go above $300
Note
Sold my $275C for +1635%
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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.