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Coinbase 2021 DPO = Facebook 2012 IPOIdea: Coinbase = Facebook The first 6 months after Coinbase’s DPO reminds me of Facebook’s first 14 months after its 2012 IPO. The exponential increase over the last decade in the velocity of money and how it is exchanged in the markets seems to be a reason why a stock like Coinbase can do movements that previously took 14 months in just about 6 months. That’s 58% faster if we go along with exploring this idea. As of today, Coinbase’s chart looks like it has been emulating Facebook’s. If we take a look into Facebook’s all time chart we’ll come across some interesting technical “coincidences” when extrapolating the 3.618 Fib extensions. If we take the Fibonacci of the all time high of $44.62 and the all time low of $17.43 during the first 6 months of Facebook’s life we get a 3.618 extension of $118.33 that came into existence 4 years later. If we take that all time high of $118.33 and the all time low of $17.43 and we extrapolate and do another Fib extension, the 3.618 lands at $378.76; exactly where the bull run ended (as of today) for Facebook in September of this year. It took 5 years to get to that point from the previous 3.618 extension, but the path had already been drawn. If we extrapolate Coinbase’s potential 3.618 future extensions, we get $1,022 and $3,138. As of 2021, Coinbase sits at a market cap of $68.5 billion. In the banking industry, JPMorgan Chase sits at the #1 spot with $503.5 billion. If Coinbase gets to $3,138 (basically a 10x) that would mean that it would surpass JPMorgan and achieve a future market cap of $671 billion. If Coinbase does a memeish move similar to what Tesla did recently, where it basically took over the entire car industry’s market cap, who knows where it could go. I don’t think this will happen this year or anytime soon, but if it took Facebook 9 years to get close to a $1 trillion market cap, and we take into consideration the exponential change in the velocity of money, it wouldn’t be that inconceivable to think that Coinbase can reach that valuation 58% faster, or in other words, 4 years (or let’s say 5). What’s the likelihood of this scenario happening? Who knows really, but I think that it’s more probable than not. We can take the following into consideration: Coinbase hasn’t even started offering traditional stocks through its exchange. What will happen when/if retail gets the opportunity to trade stocks like Google and Apple through mirror synthetic tokens of their stocks? What will happen when/if Coinbase provides ROTH/IRA/Retirement products through their platform? What will happen when/if Coinbase integrates a social media platform? What if the future of the said Metaverse is not within Facebook but within Coinbase? What if businesses start generating more revenue through Coinbase sales funnels? Just food for thought. Thanks for reading if you got all the way here. *I’ve been diversifying my crypto profits into Coinbase stock since late April, from the $320s all the way down to the $210s. After June, every time it went over $260 I paused accumulating. Up till now, I’ve managed to average a $242 entry price. As of the moment, I’m in a hold position, and currently not buying. Wall Street has set a short term high sell target between $385-$600 and a low buy target between $160-$220. Only time will tell.
NASDAQ:COINLong
by SamuelMedina
4
BBRI: INDICATION OF POTENTIAL BULLISH TREND ON BANKING SECTORSHello Enthusiast Stock Traders! Here's Long-term outlook for BBRI , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) BBRI has broken out of the Falling Wedge Pattern. Breakout of Falling Wedge could indicates the possibility of bullish movement/reversal ahead. The momentum indicator already crossed above the zero level, it signify the potential upside movement to the target area. The roadmap will be invalid after exceeding the support/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the stocks.
IDX:BBRILong
by financialfreedomgoals101
$UPST - Is this just the start?!?!This is a hyper bullish count, but considering what this name has done recently and the massive increase in guidance from management, this is far from impossible. 1) Either we have completed a primary 5 wave structure, giving us wave 1 of the cycle around 300 (in yellow) and will now begin a cycle wave 2 that could take us to between 84-135, before a wave 3 takes us to a mind boggling value of 550-600 (white dotted line)....I don't wanna get ahead of myself, but a full completion of this count takes us to 800+, and more likely closer to $900+. This hyper bullish scenario could play out if Upstart is truly the disruptor it claims to be. OR 2) We are in a triple nest which is currently playing out with cycle wave 3 (yellow count, but 3/4/5 are not complete yet), a primary wave 3 (red count, w3 not complete yet, targeting ~400) and an intermediate wave 3 (pink count) which just reached its 161.8% target of ~290. From here we could see a retrace for primary W4 to around 235-210, before we reverse for a intermediate wave 5 and head back to ~400 to reach the primary W3 target (red count). The interesting thing about this is, when you take the red count to its final wave 5 target, you end up at 560-600! this is the same range as W3 target of scenario 1. Regardless of how you count is, you end up at 400, then 600 then 900. The key is, do we hold 235-210, confirming that we are in the triple nest, OR do we fall below 200 and back down to 135-84, confirming that we have just completed cycle wave 1 at 300. Basically, this is looking like a massive opportunity with buy zones at 235-210 and 135-84. Give this name a couple of years and see where we end up! BTFD
NASDAQ:UPSTLong
by ir-rizzle
1
GBPAUD H4 - Long SetupGBPAUD H4 As mentioned in the technical rundown, this was yesterdays trade of the day, I managed to bank 1.5R on this after pushing circa 2.2R profit. Couldn't optimise the close, but caught the biggest and fastest chunk which I was happy with. GBP inflation data out this morning showing positive signs and outperforming analyst expectations. GBP positive, but we haven't really seen much of a move off this. AUD again weakness continuations due to everything ongoing with CV19. Looking for a break above resistance and our 1.89 handle, subsequent retest and long opportunity in line with the previous support/resistance break and retest we saw on the 13th September.
Long
by Trade_Simple_FX
UBS Group AG (UBSG.vx)We can found a technical figure Triangle in the Swiss company UBS Group AG (UBSG.vx) on a daily chart. UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. UBS client services are known for their strict bank–client confidentiality and culture of banking secrecy. The Triangle has broken through the support line on 09/09/2021. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 12 days towards 14.595 CHF. According to the experts, your stop loss should be around 15.485 CHF if you enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
SIX:UBSGShort
by legacyFXofficial
1
$UPST - W3 of W3 of W5? Upstart needs to stay above $112.85, and cross $128 and then $135. If it can clear $135, $142 and $150 aren't a long way off. Invalidation level is 105.58....below that level, it wave 4 would have crossed the wave 1 high invalidating this count. My final target is ~265, but that's still a long way away i believe. The above mentioned levels are the ones to watch for the short term. Watch for a bounce between 116-120. TL;DR: PT1 = 135 PT2 = 142 PT3 = 150 SL = 112.85 Inv = 105.58
NASDAQ:UPSTLong
by ir-rizzle