$COIN: weekly trend signal, could be a substantial bottom
I think odds are good that Coinbase has bottomed for the first time since IPO. Worth a shot on the long side here, I like that they are planning to diversify away from US as jurisdiction and embrace international clients in a safer location allowing them to expand their offerings into lending, derivatives and whatnot.
Chart setup is very good and it should mostly correlate #Bitcoin and #miner charts so it's likely a good addition to a portfolio with exposure to crypto.
Best of luck!
Cheers,
Ivan Labrie.
Chart setup is very good and it should mostly correlate #Bitcoin and #miner charts so it's likely a good addition to a portfolio with exposure to crypto.
Best of luck!
Cheers,
Ivan Labrie.
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ivanlabrie.substack.com/
ivanlabrie.substack.com/
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