$BTC Other Insightful TA

As seen below - I have been calling for a bitcoin significant pullback and if I add the full retracements from prior highs to prior lows - it equated to an 80%+ decline. If we get another 80%+ pullback - it takes us back down to the 11-12k range.

If we get this move, historically, it has been a great place to enter long.

I will continue to update as time goes on, but happy to share my thoughts from a TA perspective.
post media
Buying crypto vs buying $COIN
Some people prefer holding stocks of "crypto" companies to holding actual crypto.

$COIN, $BTC.X a and $ETH.X seem to move in unison ... although $COIN is arguably doing much worse in 2022 than the rest of the crypto ecosystem (here approximated by $BTC and $ETH)

post media
For me it's easier to choose Coinbase which gets me exposure to much more than random shitcoins
View 2 more comments
Coinbase Earnings Preview
While Bitcoin $BTC is down 15% in the last five days, Coinbase $COIN is down 40%!

Today Coinbase reports earnings, with analysts expecting $0.17 in earnings-per-share (EPS) on $1.48B in revenue. Let's see how this crypto giant stacks up with some competitors!

It isn't easy being a fintech stock! Each of these businesses are 70% or more off of their 52wk highs with $COIN down 80%. Unlike the rest of the stocks in this comparison, $COIN generates huge net income margins of 45%! These are higher margins than Microsoft $MSFT, which we have added to the chart.

Bears will argue that $COIN is just an exchange and will eventually have margins similar to $NDAQ and $IEX. To their point, $COIN's margins have dropped heavily from a high of 59% to 34%. This is still roughly double $IEX and $NDAQ at ~18%.

Bulls will argue the valuation is too cheap to ignore. To their point, $COIN trades at a trailing earnings multiple of 3.7x, but slower growth estimates suggest a forward earnings multiple north of 20x.
What is your take on Coinbase?
50%Bullish
50%Bearish
18 VotesPoll ended on: 05/11/22
Cryptocurrency platforms
Hello guys! I’m curious, do you invest/hold cryptocurrencies? I have some $ETH $BTC $XRP and some smallest ones, I use Coinbase, Celsius (for staking and earning return) and Crypto.com (for a Visa card with cashback )
Would love to heard your opinions and happy to tell you more if you are interested
$BTC Bulls need to Defend the Daily EMA100 & 44.8k Crucial S/R Level..!!

  • If Bulls lost the 44.8k S/R Level then Be Ready for 40.8k..

  • If Bitcoin Remains Above it, Expecting Bullish Rally towards the 51k..

#Bitcoin  #BTC  #Crypto #BTCUSDT
$BTC (update)

Symmetrical Triangle Formation in 4H TF 🔥

Bulls have been Defending the EMA100 (45k)

If #Bitcoin  Remains inside the Triangle & Above the EMA100, Still Expecting Bullish Wave towards the 50k.

In Worst Case, If bulls lost the EMA100, Be ready for 42k.

#Crypto
$BTC (update)

45k Crucial S/R Level Reclaimed by the Bulls but Bitcoin is Still Moving Below the 200-days Moving Average (48.3k)

If Bulls Cleared the MA200 Resistance too, Expecting significant Bullish Rally..

#Bitcoin  #Crypto #BTC 
$BTC (update)

Descending Broadening Wedge Formation in 1H TF..!!

So far Bulls in Complete Control & If Wedge Broken Upside, Expecting Bullish Wave towards the $50,000..

#Crypto #Bitcoin  #BTC  #BTCUSD
Commonstock is a social network that amplifies the knowledge of the best investors, verified by actual track records for signal over noise. Community members can link their existing brokerage accounts and share their real time portfolio, performance and trades (by percent only, dollar amounts never shared). Commonstock is not a brokerage, but a social layer on top of existing brokerages helping to create more engaged and informed investors.