Extreme Discount ≠ Buy Signal: $COIN & BTCUSD Still Bearish Until Demand Confirms
Most traders see “cheap” and rush in. I see a trap until proven otherwise.
$Coinbase Global, Inc.(COIN)$ is trading at an extreme discount and has bounced three times off this support.
I’m still not buying.
Why?
Buying pressure is still overwhelmingly bearish.
Monthly BX is holding red.
Price has already burned ~50% since the flip.
In this setup, trying to nail the exact bottom is gambling.
Waiting for confirmation is the higher probability trade.
My system has been bearish on BTCUSD since November around 106k and still shows zero real buying pressure.
But right now we’re sitting on a KEY support zone in our framework: first downside target near 70k, where 65% of samples historically bounce. ✅
This is a massive area of interest, not a green light.
I am NOT bullish yet.
This signal = extreme discount, NOT confirmed demand. No long thesis until every single criterion is met.
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