otwa2113

Pick up that Coin at Actual Floor. Jeez

Long
NASDAQ:COIN   Coinbase Global, Inc
Even without chart pattern indicating bounce from here I am a Buyer of shares and mid term calls at this level.

Could be a bullish AB==CD with slightly inflated ratios. I realize the general ratios for these are 0.618|1.618 but I have performed backtests on this pattern in general and there is some wiggle room around these, COIN fits the bill here with the ratios shown on chart. Other factors that indicate a post-earnings bounce (likely major bounce) is on the table with todays low marking the bottom:

- BTC at infamous 30k support which will likely be the spring low in a major wyckoff accumulation phase before markup to new highs - COIN will follow
- Symmetry of B to C and C to D just over 120 days
- bullish divergence in the Accumulation/Distribution
- This is a great risk/reward especially long-term

Targets:
Initial target over the next couple weeks is 150 (near term)
Intermediate Target will test that overhead around the B at the 0.5 fib (low- mid 200s) (mid term)
Target is a full 1.0 retracement to that C at 369 (long term)

Sincerely,
Jeez
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