Markets Makers can not afford to pay calls amounting to this magnitude. We will see an extended push down to the low 200s and we will build support there for several weeks before moving up again.
Alright, so we’ve had a decent earnings report with no official confirmation of a GTA 6 release, which I suspect is the ultimate retail trap being set by hedge funds. I'm positive it wil be delayed. Exit liquidity for highs is more lucrative when there are big shakeouts preceding it. If its to good to be true it is.
With that said, I have filling the gaps below...
Coinbase stock has consistently underperformed due to growing concerns about the companies long term viability. Despite good earnings, smart money knows strong quarterly reports will come and go with each cycle. Save your hard earned money and invest in a more fruitful buisness model.
Bearish double top here with a clear gap below. I suspect there could be a trap leading up to earnings so there no reason for us to be bullish just yet. Jason Schreier predicts that GTA 6 will be delayed and his track record has been impeccable. Highly recommnend we open short or stay on the sidelines.
