COIN - An opportunity in the making?
- Had been in a range 45 to 85 for some months
- The SEC Binance crackdown had created an opportunity for COIN
- SEC brought COIN down to test the bottom of range 46+ but has since bounced off well
- 65 is a near term target (middle of range)
- Of course COIN depends alot on BTC and so BTC needs to hold 25K and 24K well
My Watch/Plays
- Sold puts prior to the SEC disaster but has since come up well
- Will take more puts when it reaches gap fill 59 on pullbacks
- BTC needs to stay above 24K
- SEC needs to quieten down
Cautiously positive of this counter.
Good luck, all!
@TigerStars @CaptainTiger @LMSunshine @Deposit @melson
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basically shorties are toasted, they shorted even their mother by now and price still above 55
They got ton of cash. I am keeping 150 target with no resistance until1 103.
Great ariticle, would you like to share it?
Coinbase dumping shares is also not necessarily an indication of their belief in Black Rock's ETF
Blackrock using Coinbase as a custodian for their Bitcoin ETF is a good thing.
Coinbase lost 5.3% since the lawsuit.