Technical: Snapped trendline after having an unsustainable run above $300.
Fundamental: Oh no! NY said Coinbase isn't actually licensed as an exchange! ... Who cares? Let's not forget that big VC's and the NYSE just pumped over 100M into the company! Investment and innovation will trump BS regulation any day.
My plan of action: Currently flat. Didn't try to buy the dip at $250, and didn't short the emotional panic when the trendline broke. Looking for a high-probability pattern before doing anything.
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