IPO investing idea
Coinbase, Inc. is an American cryptocurrency exchange platform that operates remote-first without an official physical headquarters.
The reference price is $250, I suppose the price will rise much higher at 1 day and later. The market cap at $250 per share is $65bln.
Why?
Let's check some fundamentals.
In 1Q2021 Coinbase reported the next...
if you have a pro+ or premium sub on TradingVIew, this chart is more defined, and was much more trade-able today. I've read a bunch of bashing on people going long this, and my assumption is many traders here don't have the 1 minute chart or a lack of technicals to spot entries.
That said, I'm actually short this trash. But I'm in it for a quick buck, it's up in...
I will be curios to see if Coin will be trying to compete with bnb or if it will bottom down deeper before any major rally up... how to price this asset? One will only hope it will start off right and head to a accumulation period before the market decides where to go.
$COIN debuted today to much fanfare. Opening at $400 per share, it boasted nearly a $46 Billion Dollar valuation. Trading quickly cut $10 billion dollars off of that valuation as early investors sold off private shares, driving the price to $328.
But this post isn't about Coinbase's future, it's about the reality of our new reality.
This is a list of some well...
A typical insider Pump and Dump.
COIN started at $381, idiot retail investors took the bait and 20 minutes of hype and buying frenzy shot share prices up to $429.54,
unsurprisingly, the stock shot down a hundred bucks to $328.28 ( todays closing price). Conservatively, I expect the stock to descend to $250.00/ share, the NASDAQ recommended price.
I was warned about posting this - Expect extreme volatility at open Monday - Leading to investors to pour in from crypto and other tech stocks - expect nothing less than 6$ - MEDIA WILL TELL YOU IT'S OVER-VALUED HOWEVER THIS IS NOT TRUE.
Expect this IPO to effect the Crypto Markets
(DATA FROZEN?)
NASDAQ:COIN
INDEX:BTCUSD
TVC:SPX
CAPITALCOM:UK100
...
yesterday I published this an analysis about opening days with 8 examples!
it is time to review it:
I know this could be a totally different story, but it is good to review this post!
If you are an active trader:
I believe no matter what is the opening price for Coinbase tomorrow, it could be possible to buy it at a lower price the day after tomorrow..! if you...
We might see a rally on Thursday 4/14/21 in the form of a correction of the overall bearish trend, however with this impulsive leg to the downside, we have established the first major leg. If this leg isn't engulfed then we can expect price to come into the $275 price rage. The 5 minute chart is best due to lack of candle sticks. I am not able to post a 5 minute chart.
If people bought NASDAQ:COIN today at the first opportunity on the first day of the IPO they are underwater and must not have watched my video in December where I laid out the RIGHT way to play IPOs...
Coinbase Global Inc is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform. Geographically, it derives a vast majority of its revenues from the US followed by the rest of the world.
Because this chart is not that clear...
