What's going on moon gang, i want to make a really quick video about potentially one of the best crypto investments. I am talking about coinbase make sure you stick around to the end because also be doing a fast breakdown of both bitcoin and ethereum. So if you haven't heard of coinbase before it's, the largest u.s crypto brokerage and the company is set to hit the public market on april 14th, here are the key takeaways that you need to know. Coinbase will hit the public markets on thursday april 14th through a direct listing.

You might be thinking matt i've heard of ipo's initial public offerings. What's this direct listing thing well, both ipos and direct listings are ways in which a private company can hit the public market, but there are some key differences. For example, ipos involve the creation of new shares, which kind of involved underwriters, think big banks, and then those new shares hit the market, it's kind of a costly process. I mean these underwriters are in no way cheap.

On the other hand, a direct listing does not involve new shares, so basically that means that there's no dilution, no lock up period, basically no middleman, but one potential disadvantage to that process. Is that there's no guarantee that all those the shares will be sold when they hit the market? But, honestly, when it comes to coinbase, i mean they know what they're doing uh they're picking a direct listing for a reason. My my assumption is: they want to avoid dilution, they want to avoid any lock-up period and, honestly, there's going to be such an incredible demand for any form of like exposure and investment to this company. I personally believe that they're going to have no issue finding enough buyers for what shares hit the market, speaking of which they are looking to sell 115 million shares of class a common sock as in just normal stock.

And it's going to be on the nasdaq and the ticker symbol will be c-o-i-n coin, pretty cool for coinbase. I think that's awesome for me, i'm very very excited about uh april 14th and getting myself i want to invest in coinbase. Usually i have a rule to avoid any new spac plays ipos direct listings. Anything like that because i like to give the chart some time to develop.

Coinbase is one of my two companies that i'm willing to break a personal rule just because i think it's such a strong fundamental company that i want to get into it early and i want to hold those shares for years to come. In no way will this be a day trade or a swing trade. I feel so confident in coinbase the largest u.s brokerage, the growth of the crypto sector, that uh day one as soon as i can get these, i will be investing as of now there's a big assumption that coinbase will start trading around 350 personally - and this is Just a gut feeling, i think it's gon na either start out or very quickly be trading north of that at least on day one just because it is prompting a lot of excitement. But that's the price point that we're looking at roughly um like i said i think, and it's going to be higher.

I can see a situation when, where there's so much excitement that, like day one day, two it gets pushed up and then when the excitement dies off, it kind of dies down and from there i think it'll trade like a normal stock. But for me i think it's so smart because of instead of getting too much money involved in an individual coin such as bitcoin ethereum, cardano dogecoin. Any of those. This is a way to almost play the exchange as a whole, which i think will just do very.

Very well as long as like crypto itself, um does well is here to stay and - and i just think to me - that's - i really do believe. It's a given uh the the rise and prominence of almost all cryptocurrencies. You can't really go a day without hearing about them without talking about them. So to me, it's a bit of a no-brainer play, but don't forget that i'm not a financial advisor, of course you're in charge of your own money, i'm just letting you know what i'm doing.

I'm trying to spread the information about coinbase. It's hitting the markets, thursday april 14th, through direct listing it's trading under the ticker symbol coin and as of now, it's assumed that it'll be trading around 350. As soon as i can personally invest in it. I definitely will before we get into that technical breakdown.

Just so, we know what price levels to watch this upcoming week, uh for bitcoin and ethereum. I just found, as i was researching this video. I found this pretty cool article two coin: boys employees exchange nft rings with their wedding vows. I just thought this was pretty funny.

Two coinbase employees have managed to find their heartwarming use for nfts by incorporating them into their wedding, exchanging the digital toast tokens as part of their ceremony. I just thought that was funny. Two people working for it. We all have been hearing about nfts and how they're selling for a crazy amount.

I thought it was just a unique take on this that they almost had like um. They exchanged nfts as their wedding vows nft rings uh. I just thought it was pretty cool, but anyway, let's go into the important upcoming price levels for both bitcoin and ethereum. So as i'm filming this on sunday march or excuse me april, 4th bitcoin is trading just above 58 000 uh.

This marks pretty much the third clear rejection exactly at sixty thousand. I think once of enough of the supply soaked up at this level, it's not going to have much of a time breaking through then we're looking for a test of the current all-time high just below 62 000. After that, if you look at some of the fibonacci levels, i'm expecting a little bit of resistance at 65 000, but i think the next target is really a key psychological one of 75 000.. I personally strongly believe that bitcoin will be trading at 75.

000 per coin, sooner rather than later, so that's all the resistance in terms of support. The closest support there's a little bit of support just south of 55 000, but really we're watching this region between 50 and 52.5. I, for me, i think, that's a good dip buying opportunity, but overall, the main technical structure is just the bulls: are in control. We're seeing higher highs we're seeing higher lows it's kind of tough to deny the fact that bitcoin itself is on a very very nice trend upward another one.

That's on a very nice trend. Upward is ethereum uh. In fact, it just hit a new all-time high. Uh of just above 20, 2100 per coin right now, it's trading just below 2100 uh.

The closest support is this previous resistance at 1943, below that we also have this trend line which could potentially align with this region of support of really around 1800. Overall, though, i think the next major resistance after we break through the current all-time high will be around those just kind of key psychological levels: 2250 and in the short term, i'm really kind of mainly targeting 2 500.. Overall, i'm bullish, i'm very bullish. I'm personally invested in the long run on bitcoin ethereum, i'm looking to and get invested in coinbase as soon as that hits the public market, and just so you know, i also do have a little bit of cardano dogecoin um just right now.

I know the most and i feel the most comfortable with bitcoin and ethereum, this isn't to say anything negative about the other coins. It's just here. I think there's um a big advantage to being the first movers and most people. Most articles are talking about speaking about bitcoin and ethereum, and i think there is some like clear, uh, social and technical advantage to being the most highly discussed coins.

So that's why i'm a little bit biased towards them. I'm not saying that they're technically superior to these uh like to any of these other new ones, especially the new ones, but for me right now, um most of my money is in bitcoin have a decent amount of money in ethereum and right now. I i think, in the short, medium and long term, everything's looking boast for all of them from not only the fundamental updates, as we have more and more companies accepting them apple, tesla, visa, mastercard, we're seeing that other big fortune. 500 companies.

Other governments there's like social acceptance of them and then on top of that, the technical trend is undeniably bullish for all these, so i'm excited about it. I honestly think it's a easy money-making opportunity. It's way easier, in my opinion, just to be a long-term investor. I know there's a fair amount of people who make quite a bit of money on these day trading swing training.

But for me, i'm buying every couple weeks every couple months and i'm in it for the long term. I think there'll be a decent amount of money to be made. I would love to get your thoughts on the coinbase, ipo, bitcoin ethereum and then also feel free to. Let me know your favorite cryptocurrency in a comment below.

If you enjoyed this type of content. Don't forget to join up with the moon gang by hitting this subscribe button, and also, if you want to be a part of the monday to friday, live streams, and you don't want to miss any of that content. Make sure you're going over that bellacon clicking on it and switching it to always until i catch you next time. Best of luck in the markets,.