COIN (COIN)

$COIN 1M People shorting HTF support at 0.618 with such wick absorption... Good luck. https://t.co/CToUy5KLKt

Leave no money asleep Leave no stablecoin idle onchain Leave no assets/business offchain Leave no one unbanked or unbrokered Leave no $COIN bear alive

$COIN Early stages... it can play out as initially a short-term H&S bottom reversal, followed by a multi-month long rectangle bottom. Bullish thesis. https://t.co/UrwxOfBbSJ

$COIN 1W Good place to become bullish again, weekly div into HTF support which is 0.618 Fib. https://t.co/KNOpU3F9yU

Every great industrial revolution has had overinvestment due to the potential for riches for the last companies standing. Eventually this ends in a bust. AI I believe is no different. But I believe the current “speedbump” is not the beginning of that ultimate bust. On Saturday June 20th, I laid out my near-term concerns of an AI “speedbump” due to: 1) Token minimization 2) Competitive low cost open-sourced LLM models 3) Rising semiconductor cost impact on Q3 guidance Monday June 22nd in hindsight turned out to be the short-term top for the semiconductor index and the momentum trade. Token maximation in March turned into token minimization by June with the most extreme example being the $COIN CEO on June 26th posting how they cut their token spend by nearly 50% by largely routing AI queries to cheaper models. In the near-term, the question becomes can token usage by the other 99% of firms go up fast enough to offset the top 1% of firms like Coinbase cutting their AI bills. Numerous cheaper LLMs have been

$COIN x $BTC Crypto isn’t going anywhere & sympathies are ready for a mean reversion Crypto winter is coming to an end Risk-on environment soon https://t.co/rUA3abpuaJ

$COIN About 4 months later. Here we are on target. We hit $144 as postulated back in Nov of 25. Now that the scenario has played out we can consider this as wave 2 - and with that assertion comes more downside possibility. I'd want above $278 to invalidate this claim as a first step. But clearly one can make the case that wave 4 is complete in an expanding triangle (red) that has taken ~2 years to complete. What say you degen? Good Luck.