Crypto's worst week since FTX and insider selling — short Coinbase
Created
Thesis
Crypto markets just suffered their worst weekly drop since the FTX collapse, wiping out $390 billion in value. This extreme panic is being compounded by the CEO of MicroStrategy, a major corporate bitcoin holder, selling $11 million of his own stock. When industry leaders start heading for the exits while prices are already in freefall, it signals a severe lack of confidence. Crypto exchanges like Coinbase will see their revenues take a direct hit as trading volumes dry up.
Strategy approach
Build a rule-based strategy that enters short COIN on the daily timeframe when the price closes below the 50-day simple moving average and the 14-day RSI drops below 40. Exit the position if the RSI crosses above 50, or if a 5% trailing stop is hit.
Markets and timeframes
What this public preview can establish
- The thesis and strategy approach describe a market view. They do not show whether an entry or exit condition is currently met.
- No inspectable rule definition is included in this public preview. Do not infer a trigger from the thesis or approach.
- No trade count, win rate, or P&L figure is published in this preview. It cannot establish a performance record.
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