COIN Inverted Cup & Handle Pattern

2021年12月31日

Short thesis:

- 4hr inverted cup & handle pattern
- Bearish DMI
- Bearish PSAR
- Bearish Golden Cross on EMAs
- Below VWAP (currently 257.19)
- correlation w/ BTC reshort into 45K and potentially 41K liquidity zones
- 4hr technicals flashing weighted sell signals (oscillators, pivots, moving averages)

Price Target: 230 with potential all time low test

2022年1月4日

註釋

took off 25% short next scale will be near 240 level

2022年1月5日

註釋

scaled another 25% to take profit swinging remaining position for major leg down

2022年1月7日

註釋

could chop around near this neckline but if this daily LL breaks we should see 220 next week. swinging remaining position. correlation with BTC pattern & continued leg down to 39K.