I think $Coinbase Global, Inc.(COIN)$ is heading lower.
Mar 23
Will update this periodically. Originally I was long, but now there is some evidence I will put together for you guys.
Mar 23
Comment:
So I didnt know about the wells notice when I sold this stock, But I knew that insiders are having a hayday with this thing. I have found their signature in the charts and have learned from it.
Brain Armstrong has been nothing but a pain in the ass for shareholders. The guy had a 30% short float and didn't even attempt to squeeze them for us when we were at 88 bucks. That tells me there will be no opposition to shorting this shitcoin to 45 dollars, MINIMUM.
Bald man does not have what it takes to stop it.
Mar 24
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Bitcoin at 28k while coin at 67 makes no sense. Something has to give.
Bitcoin down or coinbase up.
Im thinking bitcoin down but obviously could be wrong.
Mar 24
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All things considered, Coin is acting VERY resilient so far today. The rest of the market is down and it is up.
Coinbase had its drop, its time for everything else to follow. Then i believe it all goes down together.
Mar 24
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To clarify, i think this is more of a market wide issue rather than a coinbase issue. Coin just moves first due to it being viewed as speculative.
Mar 27
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Directional bias has been strengthened. Massive bearish engulfing candle on the daily and 4 hour.
The daily macd has crossed down after its fakeout up. (reallllly bad)
Mar 28
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The takedown of Binance will be good for coinbase in the long term. I am suspecting that the lawsuits against coinbase will be much less damning. Suits which will allow coinbase to survive in the long run.
As long as coinbase survives, then it should pick up market share from literally every other exchange that cheated.
Short term though, this industry is getting a flush.
Mar 28
Comment:
My prior idea of longing coinbase at 31, and selling at 81, accrued a massive following of over 2000 likes and many comments.
I then exited the trade and commented it. I began this coinbase short idea here.
This idea started with 1 like, and has now reached 10.
Many people are still very very off side.
Mar 28
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Rocketfuel20 just made his first appearance here.
He generally shows up at local bottoms. could get a strong bounce. Careful with shorting this, maybe holding cash it best.
Mar 30
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Well, we had the rocketfuel20 pump it seems. now back down.
Apr 1
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Coinbase may shock people on monday. Will be interesting what bitcoin does this weekend.
23 hours ago
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Until proven otherwise, this area may provide support for coinbase. At least for a month
Source: tradingview
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