GraniteShares 2x Long COIN Daily ETF Stock Discussion

• David Wang777 : Breaking the upper Bollinger Band means a decline is about to occur.

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• 10baggerbamm OP David Wang777 : statistically 90% of price movement happens between the upper and the lower band that is absolutely correct however... when it breaks through that upper band that's when you can get a breakout to the upside you get a new leg higher. what could contribute to that if there's any positive movement in tariffs if some tariff deals are announced if Bitcoin continuously trades higher...
  you do have to be careful there's no question about it because most of the time you get reversals and a retest to the 20-day moving average. and there's still a lot of people that are saying yeah we've had three days of a rally nothing has changed there's no tariff deals there's no dialogue according to China happening between President Trump and him Ukraine Russia is still a problem no peace deal there so what's the reason to rally..

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• Green Monster : Your uncle is indeed your uncle.

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• ASteffie :

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• FairyYeah : So will it continue to rise later?

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• zhixian Wu(风之痕） : Thank you.

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• 10baggerbamm OP zhixian Wu(风之痕） : your welcome. hopefully you bought it below $12 last week it's up to 17 today

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• Nchiwla : yeh mate i doubled down on it

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• 10baggerbamm : I think you need to own it and hear I bought and traded it before the market imploded what seems like a year ago what was 2 weeks or a week and a half and then a cratered on me I sold a lot of puts on coinbase for next Friday's expiration when it tanked to collect the premium but I think in here it's you know 12:13 maybe a dips to 11 again I think there's a lot of money to be made black rock is going to be using coinbase for all their clearing operations for their back end so there's a lot of money that coinbase will be making going forward Bitcoin crypto has been crushed unless you think it's going to zero there's a very bright future coinbase stock is very volatile it's beta has got to be like 2x plus the market so this ETF which is a leverage you're getting like a 4X volatility over the market and this ETF crater it was 70 bucks and change and it crushed straight down caved in I think this is when you nibble at it but you got to be able to take the volatility you cannot put a $1 stop in because you could get picked off at any day you got to say you know what if this falls 30% I'll buy a little more so if you buy it here 13 and it goes to town on a bad day you buy more you don't stop out of it this becomes part of a core holding for you even if it's a small position because this could be very easily $30 a share in a year to a year and a half and that's why you're buying it you're not buying it for a dollar trade

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• Aloha1122 : probably the $10 range

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• 离火盛世 OP Aloha1122 : do u hold any?

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• Christy 8866 : i have 500 shares @ $18.5, i would hold it till making profit, it just the matter of time. if you do need cash, better not to sell at low.

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• 离火盛世 OP Christy 8866 : i also plan to hold until at least 37.5 to breakeven. but do you foresee if things worsen such as market crashing, this etf would go to 0?

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• Christy 8866 离火盛世 OP : i don’t think it would go down to 0, don’t panic.

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