Self explanitory incoming short squeeze.

15 kwi 2023

Coin short sellers can suppress price in the short term, but they do not have enough money to suppress the broader crypto market.

So long as the rest of the market moves up, Coin will follow. Leaving short sellers scrambling to exit positions.

With over 20% of the float sold short there should be massive fireworks.

This could be a home run.

15 kwi 2023

Uwaga

Wave 1 completed, and has indeed sowed the most doubt.

Wave 3 leaves little doubt, and is the strongest and longest wave.

I drew the 200 week with approximation, after using other crypto stocks to determine where it may lie. With every other crypto and crypto stock trading above the 200 week, it only makes sense coin gets there when the short sellers get blown out.

15 kwi 2023

Uwaga

Wave 3 may take 2-3 weeks to complete.

15 kwi 2023

Uwaga

People may say things like, Oh that is too steep, cant happen.

Well, Had short sellers not suppressed price, the path would look much Different. A direct path would not be so steep. (green line)

Things like this seem to occur often in markets, they are not very efficient.

A move to 185 in 3 weeks would simply be covering ground that should have already taken place over 4 months, or arguably longer.

Or perhaps, we never belonged below 150 to begin with, and this whole deviation was an anomaly.