Coin to 125%?

Positive

Bounce of 50 SMA
Inverse Head and Shoulders
Have been accumulating fearlessly
All US #Bitcoin ETFs listed Coinbase as the custodian
All major competitors like Binance

Negative

SEC lawsuit
Macro winds
Crypto uncertainty

Note

105 (35% profit)
Price should hold a few days around this area before moving to $130.

The positive XRP ruling outcome means good times for alts.
Binance is under a lot of pressure. Looks like they are forced out to make room for Coinbase, the only US semi-approved exchange for institutions for now.

In the positive section above I meant that "Ark" have been accumulating fearlessly.
Since then, Cathie Wood sold about 8% of her position, looks like a rebalancing to me. Coinbase is still the 2nd biggest holding of Ark, around 7%.

Note

Looks like a bullish flag formation, but let's see
Next Target: 130

Note

Retest of the base
80 👀

Note

Still in range, sideways movement
As long it's between 72-80$ it looks like a good accumulation area for me

Note

Following the liftoff 🚀
First Target 130$ almost reached (yesterday touched 129$)

Note

$178.7 👀

Most analysts believe Bitcoin ETFs are likely, and Coinbase has the potential to continue growing. However, after a 450% move in one year and 125% in five months, a healthy pullback is likely at some point, potentially within the range of 180-200. Maybe a "Sell the news" event after ETF approval (or a possible delay) at the beginning of January.

Coinbase is definitely a company I'll be holding during the crypto bull run.

Trade closed: target reached

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