What's going on moon gang, i hope that you're having a wonderful day now, if you happen to be a member of the doge army, let me be the first to congratulate you. Dogecoin has been on an absolute tear lately in this video i'll, be explaining. What's going on with dogecoin and then i'll be explaining potentially more importantly, why i'm excited for the entire crypto sector this upcoming week make sure you stick around until the end, because also be doing a very quick technical breakdown of all the major cryptocurrencies. So we know what price levels to watch in the short term now, for the sake of transparency before we get into the meat of this video.

I want you to know that i am invested in crypto. I have a considerable position in bitcoin ethereum and i'm currently swinging dogecoin. Now with that being said, let's kind of hop right into it. I mean, as i'm filming this dogecoin is up 17 and it's currently trading just below seven and a half cents.

So out of nowhere, why did it start running so much? Well, as you can see? Well, this is the daily chart for dogecoin, but the real reason it's kind of going is because of our space cowboy leader, elon musk right here. He tweeted going to the moon. Very soon this was in reference to dogecoin and with that elon musk, many other celebrities always tweeting out and showing their support for this meme coin and thus far honestly, it's been a pretty crazy investment, so it before it was picking up quite a bit, and that Was more of the joke? That was like the troll nature of it? We knew is the meme coin, and that's when we saw this spike previously into all-time highs, just below nine cents a coin, and that happened on february 7th. Since then, it went up.

Kinda came back down, made a really really nice base and once again it's peaking right about now, but um. There are some technical things. I want to point out to this situation, but before we get into that technical breakdown and also bitcoin and ethereum, i think it's also worthwhile to explain why i think crypto, specifically this upcoming week, will be very, very bullish and honestly, i just think in the long Term for reasons i've explained in previous videos that crypto sector as a whole is very bullish in the long term, so specific to this upcoming week. Why? I think crypto is going to have a very green and bullish week is because of the coinbase ipo, so coinbase for those of you who are new to it.

It's actually the largest cryptocurrency exchange in the u.s um. According to this article, which i will post in the description of the video below just in case, you want to read it, it has 43 million users in over 100 countries. When i was fact checking myself for this video, i actually found some sources saying it has up to 56 million users. But the overall point is this: is a very, very large crypto, um cryptocurrency exchange and has many many users and this wednesday april 14th.

It will be making its public debut on the nasdaq, as in you, and i will be able to invest in the company day trade. The company swing trade, the company, it's going to be trading under the ticker c, o i n coin. So if you're on robin hood, weeble e-trade etoro any of those as long as it has a connection to the nasdaq which most of these brokerages do, you will be able to get a piece of the coinbase debut for more of a semantic things. It's actually not in um an ipo initial public, offering it's actually hitting the market through a direct listing, and i discuss it more in my previous video, but basically there's no underwriter, there's no dilution, they're taking 115 million shares and that will go on the market.

They're. Not creating new shares or anything like that. If you want to know some of those semantics check out my previous um video related to the coinbase direct listing, but the main thing is it's trading under coin coin, this wednesday april 14th and i usually have a rule to avoid new public debuts. Just because i'm more of a technical trader, i like to the chart to be kind of fleshed out.

I like to have more information and because it's like a public debut like just inherently there's nothing going on with the chart. But coinbase is one of the few times i will break my own rule and i am planning to invest in it on day one right away. The big question for me is just how much so make sure you're tuning in to wednesday's live stream. Just if you want to check out and see my thoughts to what's going on, but anyway, so there's a lot of questions of like.

Why would this what's going on with coinbase of why i would break my own rule, and why does it make me bullish on the crypto sector as a whole? Well, coinbase itself, like i said, is the largest cryptocurrency exchange in the us and beyond that. Its numbers are very, very impressive, so most recently reported a whopping 1.8 billion in revenue in the first quarter of the year compared to the 1.3 billion for all of 2020. So it in q1 of 2021 that just shows you how much excitement there is in the crypto space. The fact that their revenue already completely overshadowed all the revenue from 2020.

And, in fact, if you look to compare the revenue from the q1 of 2021 to the revenue of q1 of 2020, as in just the quarter compared to the quarter of a year ago, it's almost a 950 percent increase. This thing is growing at an incredible rate and to me that's really just showing how much interest and enthusiasm there is in the crypto sector as a whole, which makes me very very excited beyond that. I'm also just excited because, as i was researching this, it looks like walmart's gon na start um paying uh, potentially some of their employees with crypto taking crypto as payments we've heard the same from apple mastercard visa. We all know tesla put 1.5 billion crypto on its books.

Uh microvisions have been talking about it more and more established companies are really supportive of this crypto movement. And, to me, that's just i'm reading the writing on the wall. I i just don't see how it doesn't go higher. The adoption rate - it's not it's already through the roof, and it's honestly just accelerating and we're almost seeing that in the price of these crypto coins, um and i know, there's a lot of all coins and things to dive into personally.

I've been sticking one with the ones that have the most name recognition and maybe that's a fall of my own. I do need to be, i guess more educated within this industry. Like i said, i've mainly been sticking to bitcoin, ethereum and dogecoin, and i know there's many others. I know there's many other ways to make money.

But for me i think it's a very easy way to make money of investing in the exchange and then in a certain way. I feel like i'm getting exposure to all the coins that this exchange is offering. So for me, i think it's a big brain play. I would love to get your thoughts on coinbase in the description below or leave a comment below um, so coinbase.

A lot of people have been asking me also about the price, so right here and analysts from d.a davidson, they are looking at a price target of 440. I'm seeing a lot of estimations that it's going to hit the par the stock market, the exchange and we'll be able to pick it up, maybe right away around 350 375. That's a lot of the expectations. I have a feeling.

This is drumming up. So much excitement that i have a feeling it actually might be a bit higher, maybe closer, to 400 right off the bat, but i'm excited to see um. I think it's gon na be very volatile. I think it's gon na have a lot of volume.

I think a lot a lot of people are gon na be interested in it, and with that this is that first one that's going to have that public um make that public debut. I think after this, if i had to guess - and i really have no insider information on this at all - but if i had to guess i think kraken another exchange will be coming next and after that um i think block five will be the second one. So after this home, so i'm thinking coinbase is gon na hit this wednesday. I think in a couple months we're gon na see kraken um, there's already a little bit murmurs of that of like how could they hit the public market and then maybe more months and maybe even a year or two out.

I think we're going to hear something about block fi, but i think it's going to be the same thing wash rents repeat, as the excitement goes up. More and more of these private companies are going to hit the public market, which will then drum up more excitement and we're going to see that being reflected. Not only in these really crypto based stocks such as mara, mara, riot riot, but then also just the coins themselves, bitcoin ethereum, all of them. I think they're just going to go higher and higher, because it's just so much excitement um.

So that's! What's going on with coinbase overall, with that, it's going to be trading in the ticker c-o-i-n that'll start this wednesday april 14th and dogecoin specifically, why it's running why it's up so much is basically because elon we've seen this before it's like not really new news. It's just like an additional um, i guess sign of support, and we see this really in a lot of these powerful, celebrity s, communities very, very supportive of dogecoin and to me it's um whether you believe in the inherent value of it or not. Why not make some money on it like the chart itself is showing a considerable amount of strength. I've been swinging 15 000 coins ever since below four cents.

So, for me, every portion of the cent i see higher and higher it puts a bigger and bigger smile on my face so talking about dogecoin. This is the daily chart. Let's get into some technicals um just for people who are kind of interested in the specific price levels we should be checking out so, like i said this is the daily chart a couple of things going on here, so these yellow lines are technical lines of support And resistance, when i say, support just the price level, it's bounced off of in the past resistance, a price level it's been rejected by these are very very important, whether you're trading stocks, options, futures or cryptocurrencies, because usually technical support and resistance remain technical support and resistance. In the future, and in fact, support can become resistance, resistance can become support.

This is just really a long-winded way of saying once an important price level. Typically, it remains an important price level. This white line is just a trend line. I've been tracking on dogecoin, so if you connect february 23rd to february 28th, you could see it was following it for a bit.

Then there was an official breakdown. Finally, caught some momentum and actually, as i'm filming this, that's where it's sitting right now, the intersection of a previous resistance and this trend line. A lot of people are watching this and i see it as a pretty important inflection point and why i'm saying that is because, overall, what we have going on. If you crack open a technical analysis, book, you're going to be seeing a cup and handle a cup and handle is literally just descriptive of the shape here would be the cup a handle.

Would just be another smaller? U so, basically, a big! U followed by a smaller? U where we the the base of that? Second: u would have a higher low compared to, let's just say this low at five cents. This is a very, very bullish pattern. So basically, if we see a third test of this eight to nine cents area, basically, if it shoots up here, takes a breather just so the relative strength index uh an indicator that just maps out momentum just to give it a chance to breathe and cool off. It's very very common if we see that nice third test of eight nine cents, honestly i'll, probably be buying even more just because i know historically, this pattern is a very, very bullish one and i would be comfortable enough putting more of my own money into it.

Just for that kind of explosive blow off top just to see how high dogecoin can go. Obviously, as you can tell i'm putting my money where my mouth is um, i'm a member of the doge army, i would love it absolutely love it. If dogecoin gets up to a dollar, i don't have a crystal ball. I can't guarantee if it will or won't um but right now what i'm seeing on the chart.

What i'm seeing more of like just its um social support from people like elon uh. I think there's a lot a lot of reason to be bullish on the short to medium term um and now this was the daily chart and here's a look at the 30 minute chart in a certain way. We almost have a cup and handle potentially forming just on a smaller time frame, but i really just wanted to show you the intersection of this important price level at 7.4 cents, which is also now aligning with that trend line. I showed you before so i'm looking for this.

Previously it was resistance. It broke above it, it was a fake out. Breakout came back down and now it's fighting at it once again. So, in the short term, if dogecoin can really hold this seven and a half cent level, i think there's a lot of laws and a lot of reasons to be excited about it.

I will be looking forward to transform from resistance to support, create a nice new base here and then just kind of explode higher. So that's my personal plan with dogecoin over the next week or two. Now, let's switch it up to bitcoin and ethereum, which i think will really really benefit from what's going on with this coinbase ipo mid this week. So currently, the all-time high for bitcoin is just below 62 000.

After hitting that it came down to just above 50 000, and then it's been continually knocking on the door of 60k. We finally broke out uh. Just yesterday, it hit a high of 61 200.. I've been calling on my live streams when we're talking about really crypto and all the other stocks.

Whatever is going on in the markets. Um i've been talking about like sooner rather than later. I think it's going to go above 60k and now what i'm calling for is very, very soon most likely this week. I hate to time box it like that, but i do think it will happen in the next week or two um of bitcoin testing.

The current all-time high, if we win that test, then i'll be looking for 65k and past that i think the most important resistance i'm currently watching is more of a key psychological level, but i'm very very much looking for bitcoin to hit 75 000 per coin sooner. Rather than later, of course, if it is rejected at any of these levels, it could come back down to a resistance which will become support. I would then be watching 60k below that 55k and very earnestly, if bitcoin would ever return to 52 to 50 000. In this region i would be buying pretty much as much as i could, because i think that would be an amazing risk to reward opportunity.

Another one that has a pretty interesting setup right now is ethereum aetherium just hit a new all-time high, just below 2200 per coin, and in a certain way before with dogecoin. When i was talking to you about a cup and handle, you could actually say that on the daily chart, ethereum had that here would be the cup here's, the smaller handle, basically uh cup, and then we saw a new higher low, which formed this trend and from There on this third test at two thousand, two thousand two thousand two thousand it broke out like i said cup and handles, are bullish patterns and from there it broke out consolidated and once again we're seeing uh more strength. Honestly from what i'm seeing right now, where the the momentum is at and everything, i wouldn't be surprised if this upcoming week we're making a new video talking about ethereum at a brand new all-time high. Just overall to once again reiterate: i am invested in bitcoin, ethereum and dogecoin, so there's really not much of a sense in like accusing me of being more biased, because i fully admit i am.

I have my money in it um, but i also think i can be kind of unbiased in the sense of there's so many things going in the favor of the crypto world right now, so many established companies, tesla apple mic or micro vision, mastercard visa, the the Adoption rates of this crypto world right now is sky high, and i want to discuss this in more detail in a future video, but i think it way down the line. I think it'll be a very, very good hedge against inflation with right now, which, like i mean that's, why the stock market's at a new all-time high, the federal reserve, is continually putting so much new money into the system that, like it's in a sense, devaluing the Us dollar and right now it does seem as if bitcoin and ethereum are kind of pegged to the s p 500. But i wouldn't be surprised if, in the future, whether it takes months or years that people really start to see these major, more well-established cryptocoins. As a store of value and that's kind of what i'm banking on, that's, why i feel comfortable with my investment, but with that being said, i would love to get your thoughts on these three coins in a comment below, and on top of that i want to Know specifically, if you plan on hopping in on the coinbase ipo, it's public debut.

Let me know in a comment: um, i'm personally gon na put my money into it, but who knows? Maybe i'm missing something. I would love to get your thoughts and, with all that being said, a few people reach out to me and want to know specifically where i'm picking up my own crypto. Recently i've been using block fi um. As you can see here, you can buy bitcoin and trade, many other cryptocurrencies.

This is where i buy bitcoin and ethereum. I wouldn't say i trade it. I've been buying it. I actually haven't sold any of it.

I am just i'm in it for the long haul. I don't plan on getting rid of any of my coins really in the next couple months or the next couple years. I look at it as a long-term investment and for me not only am i riding the percentage gains of this investment, but on top of that through blockfy, you do get an extra 8.6 interest per year. So, for me, it's a no-brainer block buy is essentially just a big crypto bank.

The way we think of our normal banks, that's what blockfi is for a normal um just for crypto. Instead of your normal currency um, they do also have options for loans. I haven't personally participated in that and they're about to roll out their first bitcoin rewards credit card, uh, pretty cool on the cutting edge of really what's going on in some of the crypto space. There is a link in this description of the video.

If you want to sign up depending on how much you deposit you can get up to 250 free of bitcoin, that's how i kind of got started with bonfire. I figured hey you're, giving me free bitcoin. Why not so anyway, let me know your thoughts on the coinbase, ipo and crypto sector as a whole. To me, everything is screaming bullish right now, but who knows? Maybe i'm missing something i'll catch you next video and until next time best of luck in the markets.

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