Xau/UsdHello traders!
My opinion is that the pair will take a decrease to the level of 1985.00, which simultaneously completes and confirms the "xabcd pattern" scheme. At the level of 1985.00, we will have a recovery and increase to the level of 2040.00. Stay tuned to buy. Be careful, because very soon the long-awaited decrease will happen.
Be careful and wait for a confirmation!
Don`t forget to look at the economic calendar!
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Coin
stonks meme coin. cup & handle patternthis is a new coin, only two weeks old. but right now is looking like forming a cup and handle pattern. this is just an idea, because it is a meme coin, so i dont expect this pattern to play out. if it did, we are looking around 600% pump if break the resistance line (pink line)
$COIN headed up to $100+Think we're about to see the crypto market turn higher. NASDAQ:COIN should be a major beneficiary of the higher move.
The lowest I see NASDAQ:COIN going in the near term is $44, but we also may have bottomed and earnings could send the stock much higher.
Think we're likely to see the first target of $108 get hit, then think it's likely to hit the $150ish-$160 for final targets for the move.
This should all play out before July. Let's see what happens from here.
Is COIN correct on offshoring their operations?Coinbase appears to be getting crushed due to the unpredictable nature of Bitcoin volatility. How much there is any form of long-term upward trending, COIN is a company that needs to be questioned as a long-term hold. There are various lawsuits targeting this company but to be fair, the CEO and founder are correct about U.S. government regulation on crypto. The issue is when you are offshoring new crypto institutional exchanges, their intended institutional customers will question why this is happening. It would be looked upon as another potential FTX scam. Over the long run, this may hurt the company more versus the immediate returns they seek.
Have fear if you own COINBASEAs we analyze the 4 hour chart of COIN I continue to see downside... We have broken out of our main channel (the blue channel) and now inside the downtrending channel (white)... Since then we have only seen downside with very little upside.. if there is any upside within the white channel we have seen it collapse shortly after. I have drawn fib levels for COIN finishing up the Wave 2 and it seems that is correct and now on the path of the bloody Wave 3. We should continue to see more downside for the coming days...
The Week Ahead: ARKK, KRE, GDXJ; CFLT, COIN, DASH EarningsWith broad market implied volatility having crushed out mightily over the past couple of weeks, I'm left scrounging around in the exchange-traded fund and/or (ugh) single name space for premium. There aren't a lot of underlyings with ideal IVR/IV metrics to play, but there are a few things that still have decent IV in them, even if it isn't toward the top of its 52-week range.
There isn't anything in the exchange-traded fund space as of Friday close with an IVR >50%, but there are a few with 30-day IV >35% (which is the combination of metrics I like to see). Here there are, ranked by 30-day with stuff <$20/share weekend weeded out:
ARKK 41
KRE 41
KWEB 39
GDXJ 37
USO 36
XOP 35
Pictured here is a fairly plain Jane delta neutral short strangle in ARKK in the June expiry with the short legs camped out around the 16 delta, paying 1.00 at the mid price with break evens at 30 and 43.
The KRE June 16th 37/48 short strangle (16 delta) is paying around 1.25.
The KWEB June 16th 28 short straddle is paying around 1.95. (Going 16 delta short strangle didn't end up paying much; the 26/30.5 was paying .55).
The GDXJ June 16th 35/46 short strangle (17 delta) is paying 1.04 at the mid.
The USO June 16th 60.76 short strangle (17 delta) is paying 1.65 at the mid.
The XOP June 16th 112/143 short strangle (17 delta) is paying 3.04 at the mid.
Broad Market
Ugh. Why even go here ... . Broad market exchange-traded funds, ranked by 30-day IV:
IWM 21.3%
QQQ 20.6%
EFA 16.2%
SPY 16.1%
DIA 14.3%
Bond Funds
My only observation here is to note that TLT premium is better than SPY's (as is EMB's).
EMB 20.9%
TLT 17.0%
HYG 9.5%
AGG 7.4%
And, of course, there are earnings ... . I've screened and ranked these by >50% 30-day IV, as well as for options liquidity and thrown out underlyings that are trading at <$20/share:
COIN 111.2 (Thursday after market close)
W 107
RUN 92.9
CFLT 80.9 (Wednesday after market close)
PPL 73.4 (Thursday before market open)
FOUR 72.0
DASH 70.2 (Thursday after market close)
The drawbacks to W, RUN, and FOUR involve strike to strike granularity, which is why I haven't bothered to look up their announcement days and times. W and RUN have 1 1/2 wides; FOUR, has 5-wides. Not having 1-wides can not only make setting up delta neutral a pain; it can making rolling out a pain if you have to do that to manage the trade, so I generally avoid underlyings with weak strike granularity for earnings plays that are generally just made to take advantage of the ensuing volatility contraction. I would consequently lean toward plays in COIN, CFLT, PPL, and DASH for volatility contraction plays, looking to get into
CFLT, Wednesday before market close (since it announces Wednesday after market close).
PPL, Wednesday before market close (since it announces Thursday before market open).
COIN, Thursday, before market close.
DASH, Thursday, before market close.
Preliminary Setups:
CFLT May 19th 22.5 Short Straddle, 3.60 credit, 18.90/26.10 break evens
PPL: May 19th 29 Short Straddle, 1.03 credit. (Well, that's ... weak sauce. It's possible that the platform is misreporting 30-day, so this will have to be checked during the NY session).
COIN: May 19th 45/67 Short Strangle, 3.29 credit. (A smidge pesky, since I'd want to set up my put side tent somewhere between the 45 and the 40 strike, where there aren't any strikes at the moment.)
DASH: May 19th 52/73 Short Strangle, 1.95 credit.
COIN going to get squeezed downRight now Coinbase sits in the bearish territory along with the Ichimoku Indicator pointing at momentum to the downside also. COIN is in a position right now on the 30 min chart to either pop out of this zone to the upside or downside, which I have highlighted with the horizontal white lines. I see this getting slammed next week to the downside and could see a good play for Puts to be put in.
Coinbase (COIN) Daily Price TargetsHey traders,
Looking at the daily time frame of Coinbase (COIN) we can see a setup for another test of $80.
May 2022 Bottom with the wick down that created the low we hit at the start of 2023, so that was the switch of direction to the upside or bull market, whatever you want to call it. We aren’t going lower than that point and now we should start looking for upside targets. (it won’t go lower unless the company completely goes upside down)
Anyways, we are looking pretty solid here right under the $ 60 support and have great potential to move upwards to $ 80 and possibly above. There’s a gap down from $ 80 that will fill, it’s an inbalance in liquidity and is inefficient.
Coinbase is also gearing towards becoming profitable and posted positive earnings last quarter, if they can keep this up with clear crypto & government clarity, Coinbase is looking bright.
The $ 145 - $ 150 levels I have marked are the levels that will be tested in this next cycle. So if you’re looking long term, that’s not too shabby to hold.
As always please do your own research, this is not financial advice.
COINBASE - SHORT This chart does not look very good, we have a trend with sell and buy zones but also resistance and support zones.
We have a broken trend line so I entered short and I will close the profit in the support area where I mentioned on the chart.
Btc Bitcoin buy weekly forecast Hello traders last time we cached the bottom of bitcoin massive point the hole week move to 30 k you can check it out off course we are in a bearish market it is not going to the moon trust me .we have a lot of pores in bitcoin that should be balanced price had been delivered in one side all the way to 9 to 10 k that is how price moves . we have next week new opportunity to change something for yourself i am expecting higher prices on bitcoin lets get it any thing in your mind comment down below good week and good trading more loading
💾 How Is The COIN Chart Looking? Bearish or...The shakeouts, the attacks, the FUD couldn't do much to stop Coinbase from growing... The chart is pointing up.
✔️ Today COIN starts above EMA10 | Bullish
✔️ Volume starts to increase | Bullish
✔️ The chart is showing a long-term bull flag | Bullish
✔️ The RSI goes above 50 | Bullish
✔️ The MACD stays above zero | Bullish
✔️ Yesterday's session closed as a full green candle | Bullish
The chart is pointing up...
Invalidation comes in a close below 50.
Any trading above 50 and we continue "Bullish" on the Coinbase COIN stock.
Namaste.
Coinbase (Will it thrive in the time of uncertainty?)
View On COIN (5 Apr 2023)
COIN is in
* Neutral in short term
* UP in Mid term
* Beutral in Long term
Coin is in the big swing mode the whole CEX (Central exchnage) industry is going thru future uncertainty.
I am seeing some minor bullish structure in tact and of course they are yet to unfold.
I will be in Neutral/Slightly Bullish mode for now.
DYODD, all the best and read the disclaimer too.
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Weekly Analysis BTC via Ichimoku Good start to the week,
Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source.
Trend:
Kumo has been green for 20 days and is about 6.3% wide. It has widened and is stable. The various lines indicate sideways/downtrend on the short term, uptrend/lateral on the medium and long term.
The Kijun Trend indicator now indicates looking for long positions.
Heikin-Ashi:
The Heikin-Ashi confirm bullish momentum but we observe wide shadows on the Tenkan and just above, still indicating a sideways momentum.
Supports and resistances:
- 29800.00 Chikou cusps and flat areas of Kijun and Tenkan
- 27950.00 Fibonacci
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
For static price levels, the lower right chart plots the flat zones of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, and the Chikou for the daily time frame.
For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Conclusions:
The situation is bullish/lateral, given also the proximity of the psychological threshold of 30000.00.
Hosoda's N wave of the ABC pattern identified several analyses ago has been centered and is acting as the resistance. It is possible to find a bullish ABC pattern indicating a first V level at 31227.96, NT level at 33467.19, and N level at 35827.10. On the other hand, a lateral/ribassist one indicating NT at 29501.31, and N at 26824.77.
It is interesting to see how BTC is recovering having closed a good quarter in conjunction with the problems in the traditional banking system.
It is important to evaluate the price close during the week on the following price structures:
- Bullish: 29500.00-29800.00
- Bearish/Lateral: 25000-26800.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Increased.
- BTC Dominance: Decreased.
- Price of BTC: Increased.
- Expectation of Alt Cycle: Increased.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
Bitcoin 2nd Break out Soon?Bitcoin has been in a downtrend for some time now, recently been moving upwards and now it has encountered a second resist in my book, it broke out the downtrend from ATH line but now we have a candle close break-out pending. Once this break out, I am measuring last major touch on line led to a strong move downwards, i will use that same line to put towards the breakout giving me a idea where price might head to from the breakout.
Not a insane target lol, not a crazy prediction… Just Wizard TA.
Thank you and i wish all you good health.
Target i say is 57-58k ish