Expired worthless, will continue to sell calls at or above resistance at around ~180 or higher until more bullish structure/ price action is formed.
Price of $COIN has always traded like a proxy to $BTC and $ETH and I'm not expecting this to change. Earnings are going to be released next week and they're most likely not going to be pretty.
Price action on $BTC is still bearish on the higher timeframes and with calls for the bottom to only be in on Oct 2026, would it end up being a self fulfilling prophecy? I would really want to be proven wrong though.
Prices on the weekly chart of $BTC is still facing considerable resistances to overcome at the weekly Ichimoku Conversion Line at ~67,946 and Downside Limit at ~74,205, before even reversing to form a bullish structure of higher highs and higher lows.
$COIN is also currently also facing similar patterns of consolidation and has rejected off the Downside Limit at 180.766 this week and recently off it's Conversion Limit for the last few weeks.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.00 1Lot(s) | +100.00% Closed |
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- thinorfat·07-25TOPCOIN can decouple on earnings, and I’m still bearish. If rev guide misses again, does the BTC proxy trade even matter?LikeReport