COIN is breaking out of small consolidation. Its still in larger triangle. I am making small position for target around 72. If it breaks out of larger falling trendline, it can give nice move.
Trade closed: stop reached
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It was preempted trade. Risk didn't pay off.
Trade active
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COIN has broken out and closed. Taken position again. Target 76+
Comment
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My SL for today would be closing below weekly 20MA which is around 61.8
Triangle, consolidation, breakout, breakdown, crypto is a scam, crypto has no value, the sec has sued coinbase, coinbase will close shop bla bla bla.....who cares. Just buy this and hold for 5 years and you will look like a super hero..... The Crypto market is going to be huge in the coming years, and with it will come new users in swarms. Coinbase is one of the best public trading company that is positioned to take advantage of this. Bitcoin is in a bear market and has just moved into the first phase of the bull market. This stock is just going to explode in the coming months.
sachin1337
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@viraf949, It looks like, yes, bitcoin has started its new leg of bull market. I am looking at the trading perspective/momentum.
The Crypto market is going to be huge in the coming years, and with it will come new users in swarms. Coinbase is one of the best public trading company that is positioned to take advantage of this.
Bitcoin is in a bear market and has just moved into the first phase of the bull market. This stock is just going to explode in the coming months.