Coin breakdown

13 Jan

If you have followed along this is my second call of the Coin local top in the last year. My first price target is the dashed red line and a more bearish scenario would be the Fib below around 118$. I did enter this stock spot around 40$ so am sitting pretty regardless. I do like to buy puts when I think the stock is way over-extended, this rewards those who are patient. I was able to do this with Solana as well. My most bearish target is 115$, but black swans are possible, this is a healthy market correction, and many Grayscale holders are redeeming and selling their BTC which is just a short term challenge. Do remember, Coinbase is the custodian for Blackrock's BTC ETF and they must have a lucrative setup going on here.