HUGE MOMENT FOR CRYPTO Sector: Technology Services Industry: Packaged Software Coinbase Global, Inc. operates as a secure hosted bitcoin wallet to purchase and use bitcoin. It provides merchant tools that enable companies to accept payments in bitcoin by incorporating a single button. The company was founded by Brian Armstrong in 2012 and is headquartered in San...
Large correction yesterday to $310. Slight recovery to $354.20 just below the 0.382 fib, but then it drops to $321.77, forming a higher low, and a new fib to look at. Recovers to the 0.5 line on the new fib, only to drop to $317.43, forming a lower low, but still $7.43 above the all time low. And lastly, some slight upward momentum, breaking through the most...
after a day and a half of rough sledding these are the key levels i saw large order flow. 30 minute chart with little data to work with. but i think this ticker will get a lot of action in coming weeks/months so worth keeping an updated chart. i lean bearish on valuation, poor price action and over bullish retail sentiment.
LTC just breaking out of its tringle, considering that LTC has hardly moved I'm starting to think that it's time where it has its parabolic run, is just moments away. I'll be taking profits along the way. Entry $283 3x Lev TP1: $300 TP2: $330 I'm just documenting my journey :)
sure it's the 2nd day trading publicly but I like COIN lol
Regardless of your feelings when it comes to crypto, one thing remains true if you've been trading it since the beginning, and that is it trades in cycles. It is a very cyclical system that has made hedge funds and big money profit from the yearly or bi yearly tops and bottoms. They load at the mining incentive level which doubles up every halving and sell at...
Coinbase's Direct Listing signifies what is wrong with the trading world on a grand scale as of late. The new investor possibly with their stimulus check or worse their life savings throwing everything into every turd that is being FOMO'ed onto the public. $COIN is no exception, besides the company taking advantage of new crypto investors be charging a...
$COIN similar to all the IPO-s before, first up and then down, wait for consolidation to be over before more upside
I am pretty fascinated by the Coinbase IPO and watched it closely today. I did not trade it or buy or sell it. I just watched. The market is really something else today. AirBnB and Coinbase are $100 billion companies. They are suddenly 1/7th the size of Tesla or roughly 1/15th the size of Google. I have no doubt these are amazing companies, but the valuations are...
Symmetrical wedge action shows a possible breakout to $380 or breakdown to $310. Hype around coinbase makes me biased for the bullish option.
LETS SEE HOW THIS PLAYS OUT OF $310 WAS THE LOW WE HAVE THE HIGH OF THE DAY ALREADY... IF #BITCOIN IS TO DO $100K COINBASE SHOULD FLY AS WELL.
Coinbase - COIN - Stock - Arguably the Most important listing for Crypto. Coinbase may eventually be seen as the Dow Jones, Nasdaq, or S&P for Crypto. It is not just tied to Bitcoin. In order to represent more of the crypto market, Coinbase may have to offer more coins. We will see? Coinbase charges high fees so from a revenue standpoint that is favorable for...
Downward trendline broken. New support forming. Next battle at 0.382 fib.
COIN opened up, then tanked quickly, so I went to see what direct listings typically do. Here are 4 others. PLTR is the exception WORK/Slack got bought by Salesforce which drove the price up I see declining interest and pricing in the direct IPOs of late. I picked up some COIN on open at $386, then sold as it dropped back down at $387 and am out. *NOT...
Interestingly, Coinbase behaves as predicted and punished buyers with a 13-28% loss in less than 3 hours! what happened today convinced me that December 2017 could repeat itself in April 2021..! please check the links for evidence