$COIN
Added 2023-11-09 15:38:33 +0000 UTC$COIN has bounced hard at our Wave 5 spot and at the 200 Day MA, up from $72 to $97 now.
$BTC hit an 18 month high today and a lot of the crypto stocks are soaring too.
$MARA, $RIOT and co are also up impressively too.....so $COIN is likely enjoying this attention, but they also double beat on their earnings too
I think the price moves up to the top blue line again at $115 but bulls do not want to see moves like this with no pull backs.
We just have 1 wave up since the bounce at the 200 Day MA, so will need to see a second wave, to determine what type of bounce this is.
So I have provisionally added in green Fib levels in case it starts to pull back today.
Comments
Also, their success, after the halving, is more uncertain...
Luc
2023-11-09 16:10:12 +0000 UTCMy two cents here... I am a long term holder for BTC, COIN, MSTR. But be carefull with MARA and RIOT. These are the most overvalued of all mining stocks... and a lot of short sellers. Personally, when MARA hit +20% in a day (like this morning), I take some profit and wait a couple of day before reinvesting it. Most of the time, it loses at least half of his gain in the following days.
Luc
2023-11-09 16:00:02 +0000 UTC
