The dynamic that we're seeing right now with $COIN ripping & $ETH stalling reminds me a lot of October 2024 when $MSTR was breaking out to new highs & $BTC hadn't (yet).
There is so much alpha in studying the relationships between crypto stocks & spot crypto.
I fully expect in the coming weeks that $ETH will put in a comparable move to what $COIN just did. They have had a strong positive correlation for years & I don't expect that to change. HIGHER!
$COIN (weekly) โ supply breakout or $215 pullback zone.
Bulls need to punch through that overhead supply zone to keep the momentum alive.
Fail to break, and the path of least resistance leads straight to $215 where the 0.382 fib and 100MA create perfect confluence for a reload opportunity.
Just curious, guys!
The last time $BTC did a golden cross in the sequence it dropped 9%
#BTC just did a golden cross and dropped 9%
Interesting, huh?๐คญ
$ETH is looking good
Price has been consistently outperforming BTC and looks like the phase 2 has already started, it is just a matter of time that price hits $5000 level.
$COIN Coinbase Global
Price Targets: $271๐ฏ and $349๐
The stock broke out of an inverse head and shoulders. It also has broke out of the long-term trendline.
Next target is $271 at the fib retrace level that previously showed resistance. After that, $349 target to challenge previous highs.
BREAKING: Fed Chair Jerome Powell just announced that Trump's tariffs are larger than anticipated and they may put the central bank in a challenging situation โnot seen in decades.โ
TRUMP DID THIS! Not Biden.