
Elon Musk/Bitcoin/Dogecoin meme via Illbe.com.
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Options started trading on Coinbase (COIN) on Tuesday, so longs can now hedge their shares in the crypto platform. We’ve posted a couple of hedges for the company below, in the event Anatoly Karlin’s prediction of a crypto crash this year comes to pass.
Before we get to those, let’s clear up a bit of misconception about the company’s IPO last week.
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A Coinbase employee takes a selfie in front of the Nasdaq Market Site in Times Square during the company’s IPO on Wednesday. Photo by John Angelillo/UPI.
(more…)It is very thinly traded, but the alt-coin $BAND is a terrific analog: two cup-with-handle patterns:
