Long

Updated

COIN - Target $700 - $900 (Nearly 200B MC) - INVERTED H&S

COIN is going to grow from here on. A study but certain growth towards 200B MC.

Trade active

Higher lows maintained after DeepSeek vs ChatGPT FUD. I keep holding and seek a new ATH this year.

Note

Held neckline, is trading sideways past great earnings, some pullback and fear. Holding!

Note

Still holding the neckline and still holding the existing position. I loaded more at 262.

Note

ByBit Hack—changed the trend a bit, but I consider this noise with adoption and more security controls across, and there are more platforms to trade than BybIt. Binance and Coinbase hack will cause a crash or halt the bitcoin rally.

Bought more Premium_Subs_250

As WB said, if you cannot hold a 50% loss, you should not be in stocks. Although their vision is for 10yrs but this is valid for swing trades as well.

Note

Bought more at a price of 250 - correction.

Note

Added more at 212 - that should have a TP#240+

Note

Note the demand or fair-value zone on monthly - Oct 2024 Doji ~$170

Note

Added more at $215, while bitcoin dips further marking -20% correction in Feb. Trump thank you!

Note

It has broken below the neckline, invalidating the Inv HnS instead of holding. It can happen when the market reacts to global news such as Trump's tariffs.

Still, the positives are:

a) adoption and executive order
b) fundamental - earnings were great.

With these key metrics, I think COIN has a long-term upside.

Note

There is a major change in sentiment as TRUMP continues to focus on his agenda. He doesn't care if there is a recession or sellers selling stocks. These are all unforeseen reasons and news-driven stock price actions. I patiently hold and wait for the 1M support to play. As mentioned in my previous notes, two fundamentals remain intact. Plus, bitcoin trading will allow better earnings again, which will bring more confidence.

I also followed coinbase staff selling their shares. I trust, all weak hearts are leaving.

Note

Post Trump Tariff the fin-market has observed a sell-off as fear of recession increases, which seems very logical. Even gold-oil dipped.

I believe COIN has entered in a hidden bullish divergence with maintained HL-LL pattern. But the sell-off isn't finished yet as it may retest the Sep 2024 low. A case which will nullify the divergence.

Overall the div is weak.

Trend strength remains natural, hence I remain natural.

Note

I removed the channel as it is broken downward - I also consider it a positional bet as past 4-months have been news driven and the price still maintains a neutral trend.

cryptoshort

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

cryptoshort

Also on: