Market Lab Report - One of many examples of how we maximize trading opportunities

Published:

27 Feb 2024 08:51 ET

The recent example of Coinbase Global (COIN) showed through our reports sent to members a number of trading opportunities.

COIN had a buyable gap up (BGU) on Feb 16 after reporting stellar earnings. It then did an about-face that same day to issue a potential double top short entry point. Had one bought the BGU, one would have sold and gone short later in the day when it looked as if COIN was going to close below its prior high set in late Dec.

COIN then traded on lower volume into its 10-dma. When such volume dry-ups are observed also known as Voodoo pullbacks, this is a buying opportunity. On Monday, it broke out. As we have always said, if you're buying breakouts, you're buying late. Our buying and shorting techniques enable the investor to enter early thus risk is diminished.

GBTC did this recently before its breakout on Feb 7.

With Bitcoin spot ETF net inflows increasing while GBTC outflows are trending towards zero, expect the uptrend to continue especially if global liquidity continues to trend higher.

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