Coinbase Global
Short
Updated

Bull Market OVER

5185
Double top at the .618 fib

Slightly higher high with the indicators showing bearish divergences.

The RSI is showing bearish div

The Macd showing bearish Div plus a cross down of the averages, The williams %r also turned down showing bearish divergences.

Bitcoin is in a head and shoulder pattern with a target of 5-6k. Coinbase probably headed for 20 or lower. It will have very few bounces. Insiders are selling this stock like crazy, they are probably going to go bankrupt with the amount of lawsuits for selling unregistered securities to unsuspecting Americans.
Note
People will kick and scream saying im wrong, but nothing has changed.

divergences growing.

snapshot
Note
Ponzi wont go up more, so ponzi go down more!
Note
The fractal working so far.

snapshot
Note
The fractal continues to play out.

snapshot
Note
Taking longer than expected still short

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.