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My long idea Coinbase, and also far and away the biggest winner of my long portfolio, is Coinbase (symbol COIN). The inverted head and shoulders is actually comprised of another, smaller H&S, and this sucker has been a powerhouse of higher highs and higher lows. As I was typing this, I noticed that BTC has lurched to a new high, which is bound to goose these gains.
The monthly jobs report came out, and it’s just what the bulls wanted to see: weakening earnings growth, and a growing unemployment rate. They also hacked away about 150,000 job “gains” from a month ago that don’t really exist, which evidently is a habit of our government.
This rather engaging analogy……..
Here’s an interview (tip of the hat to NYUGrad) with the author of the book described at length in the prior post.
