Coinbase stock is about 90% down since the first open.
One would get spooked by that, but that's normal in the crypto world.
It is also normal in crypto world to trade against your own customers, insider trading is prevalent, listing unregistered securities and promptly dumping them on retail is also normal.
After SEC started investigating the company even the most die-hard funds who've though that Coinbase is the future have dumped the stock. I'm specifically talking about Cathie Wood's Ark Invest.
Ark selling was the buy signal.
Taking a long to fill that gap. Mind this is a nearly 50% swing trade.
You would think that is not normal, but with crypto it is.
Good luck.
One would get spooked by that, but that's normal in the crypto world.
It is also normal in crypto world to trade against your own customers, insider trading is prevalent, listing unregistered securities and promptly dumping them on retail is also normal.
After SEC started investigating the company even the most die-hard funds who've though that Coinbase is the future have dumped the stock. I'm specifically talking about Cathie Wood's Ark Invest.
Ark selling was the buy signal.
Taking a long to fill that gap. Mind this is a nearly 50% swing trade.
You would think that is not normal, but with crypto it is.
Good luck.
Trade closed: target reached:
Yup.