COIN - Reverse H&S Forming. Massive Upside if/when Reverse H&S forms, potentially b/c SEC/CFTC losing case in court AND/OR BTC rallying significantly on some of regional banks biting the dust.
Coin
Gamble Here on 3-31 Calls for Coinbaseelastic price movements in a bullish cycle give asymetric risk vs reward potential to short dated calls.
COIN could trampoline back up to $75 next week.
COIN Support & Demand ZoneCoin has bounced off the $6.5 or so demand/support zone several times and it looks like the bulls won’t let this break. Have some solid open interest on the $64-65 weekly calls here too. If we close above this support I think we see a minimal bullish push to $65-67
Weekly Analysis BTC via Ichimoku Good start to the week,
Let us analyse 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:
The Kumo has been green for 13 days and is about 6.40% wide. It has widened and is stable. The various lines indicate an uptrend momentum with a sideways bias in the long term and medium term. In the short term, however, the price is on the Tenkan, indicating a potential bounce or downtrend.
The Kijun Trend indicator now indicates looking for long positions.
Heikin-Ashi:
The Heikin-Ashi confirm bullish momentum and net of one red candle, the rest are green and away from the Tenkan.
Supports and resistances:
- 29800.00 Chikou cusps and flat areas of Kijun and Tenkan
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24400.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 23300.00 Chikou cusps and flat areas of Kijun and Tenkan
- 21200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 20200.00 Chikou cusps and flat zones of Kijun and Tenkan
- 19100.00 Fibonacci
For static price levels, the lower right chart plots the Tenkan, Kijun, Senkou Span A and Senkou Span B flat zones 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 centred and is acting as the resistance. It is possible to find two other ABC patterns: one bullish indicating a first level at 31134.30, another indicating a sideways movement where the N wave is at 24417.14 and the NT wave at 33736.10.
From a fundamental point of view, it continues to be interesting to see more distressed banks and instead the strength of Cryptos, born precisely out of distrust in the traditional market. In general however, the FED continues to raise rates while the market is responding with a rebound in the stock market.
It is important to assess the price close during the week on the following price structures:
- Bullish: 28700
- Bearish/Lateral: 25000
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Increased.
- Dominance of BTC: Increased.
- Price of BTC: Increased.
- Alt Cycle Expectation: Decreased.
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
$COIN to $98-$119 based on technical analysis #bitcoin #COINYes, in spite of the news after hours today.
This pattern is ultimately in line with what I see on Bitcoin, which is a push to the center line of the overall larger channel on Bitcoin up to 35,200. I think we can get a more specific idea of our target on COIN based on the 38 & 50 % inverse fib levels drawn here which represent $98 and $119
💾 Coinbase Global, Goes Bullish | Next Target Mapped (120%)Looks like the bleeding is over for Coinbase (COIN) and this is definitely good news.
Not because of Coinbase itself but because this matches the reversal signals we are seeing on Bitcoin and the Altcoins.
Coinbase is part of crypto.
Coinbase starts to recover.
Crypto starts to recover.
Bitcoin starts to recover...
What I mean is that this stock going bullish at the same time work as a confirmation signal.
A low was hit 28-Dec.
All the major cryptocurrencies also hit a low late December.
Yesterday we saw a full green candle, increasing volume and the RSI trending upwards.
Here is what we can expect, we are going to be looking at this mid-term.
The first target will be $63.96.
Yes, there will be resistance at $45 where EMA50 sits right now but the Fib. numbers are more relevant than the moving averages to us.
The main target should be around $83...
We have until late March for this move to fully develop giving us potentially higher targets but who knows... This is what looks do-able based on the signals coming from this chart.
The whole thing/analysis/setup is invalidated if COIN moves and closes daily/weekly below $31.
By the way, hitting $83 would mean more than 120% on this bullish wave.
Namaste.
💾 Coinbase Super Bullish | Multiple Targets MappedThe consolidation pattern on the COIN-base chart we looked at changed to a bullish flag, this doesn't change much since the bullish breakout is already confirmed.
If Bitcoin growth is any indication over the weekend and the strong bullish signals on this chart we should see a continuation this week.
✔️ Gold is going bullish as well.
Short-term the next target is set at 84 and should hit very easily, followed by 100 also easy.
The higher targets will take a bit longer but there is potential for more, based on the chart.
Namaste.
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 6 days and is about 0.7% wide. It changes abruptly but is currently widening. After the bounce on the Kumo and the Kijun Weekly now the situation is generally bullish and the Kijun Daily is on the Tenkan Weekyl level.
The Kijun Trend indicator now indicates looking for long positions, as anticipated the change was very likely and now the price is very far from the Kinun.
Heikin-Ashi:
The Heikin-Ashi confirms the rebound and strong bullish momentum.
Supports and resistances:
- 29800.00 Chikou cusps and flat areas of Kijun and Tenkan.
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24400.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 23300.00 Chikou cusps and flat areas of Kijun and Tenkan
- 21200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 20200.00 Chikou cusps and flat zones of Kijun and Tenkan
- 19100.00 Fibonacci
For static price levels, the lower right chart plots the Tenkan, Kijun, Senkou Span A and Senkou Span B flat zones 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.
Considering the current pattern with point B at March 10 and calculated with point C at March 14, we have 28773 (NT) as an interesting level.
From a fundamental point of view, it's interesting to see several banks fail and respective central bank bailouts. In general BTC was born as a response-in the times to-similar issues, this could be the motivation for the price increase.
It is important to evaluate the price close during the week on the following price structures:
- Bullish: 28700
- Bearish/Lateral: 25000
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle, we can consider the weekly variation:
- Total cryptocurrency market capital: Increased.
- Dominance of BTC: Increased.
- Price of BTC: Increased.
- Alt Cycle Expectation: Decreased.
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
$COIN: weekly trend signal, could be a substantial bottomI think odds are good that Coinbase has bottomed for the first time since IPO. Worth a shot on the long side here, I like that they are planning to diversify away from US as jurisdiction and embrace international clients in a safer location allowing them to expand their offerings into lending, derivatives and whatnot.
Chart setup is very good and it should mostly correlate #Bitcoin and #miner charts so it's likely a good addition to a portfolio with exposure to crypto.
Best of luck!
Cheers,
Ivan Labrie.
ROAD TO 30K LETS GOThis week, Bitcoin has led the recovery in cryptocurrency markets.
The Fed's indirect monetary policy expansion has increased demand for riskier assets, which has benefited Bitcoin.
The following resistance levels for BTC above the current price levels are $26,750, $27,500, and $28,730.
This week, Bitcoin has been on a steep upswing, leading the cryptocurrency market rebound as the potential of the US banking crisis becoming a worldwide concern is priced in.
As the Federal Reserve decided to tighten monetary policy in November 2021, cryptocurrency markets began a long-term decline from their heights. The events of this week have contributed to a rally.
For the first time since 2008, the US Federal Reserve purchased the failed Silicon Valley Bank and Signature Bank bonds before opening a discount window for struggling banks.
As a result of the bond purchases, the Fed's balance sheet increased by nearly $300 billion, according to figures released yesterday. The demand for hazardous assets surged due to this indirect monetary expansion.
On the other side, following the bank collapses, demand for cryptos, particularly Bitcoin, increased. Withdrawals to external wallets have also increased dramatically.
💾 Coinbase Bulls Confirmed | Targets MappedWe looked at a consolidation pattern on the last update for the Coinbase stock, COIN.
After breaking bearish, the correction hit bottom and an even stronger recovery followed.
We have a very strong RSI and a bullish cross on the MACD with the histogram going green.
The week is going to close full green and how the week ends, the next week tends to follow.
We are expecting a very strong/green/positive week next week for Cryptocurrency and Coinbase is already confirming this with strong bullish action today.
We continue aiming higher.
Higher highs with 98, 118, 145 and up to 168 as the targets for this current bullish wave.
The charts can always change so make sure to plan and do your own research if you decide to trade.
Namaste.
$NDX posts impressive rally! $DJI pumps but OIL & BANKS holdDidn't get the bottom but got most of this intraday rally.
Went green & we covered all exposure done today.
Very nice day!
Could rally more but WE ARE DONE.
Going to park in a few to hang out with the girls.
$TQQQ $UDOW $COIN#UDOW #TQQQ #COIN #stocks #trading
BITO: Risk on rideBITO 390m: Breakout from structure held since June 2022 and move over value area high. Auction has now moved over key MAs. Aggressive movements & high vol in the crypto sector has produced risk on sentiment and a two day upside of +30%; diverging from recent equity sentiment. Continued price action and breadth in this space could see BITO continue its current move to price rediscovery of May 2022 levels into the 18.14, 22.48 vPOCs; contingent of exhaustion absence//Will monitor how derivatives position post market favored CPI reports this am and into EOM OpEX, compression of volatility, and Fed speak// RVOL 3.56, IV: 87.40%, Fast Beta: 0.77, Notable that ATR: 0.67// Bias: Acute long// Price at time of publish: 15.95
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 red for 4 days and is about 0.7% wide. It has turned red since the last analysis and is now very thin again and may cross again. It is interesting in general to see the bounce exactly on the Kumo and the Kijun Weekly Continued uncertainty as from the past week. In general, short term is bullish and bearish-lateral on the medium and long term.
The Kijun Trend indicator now indicates looking for short positions, but today's candle has outperformed by a lot, so in two days it may return to looking for long situations.
Heikin-Ashi:
The Heikin-Ashi confirms the rebound
Supports and resistances:
- 29800.00 Chikou cusps and flat areas of Kijun and Tenkan
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24400.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 23300.00 Chikou cusps and flat areas of Kijun and Tenkan
- 21200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 20200.00 Chikou cusps and flat zones of Kijun and Tenkan
- 19100.00 Fibonacci
For static price levels, the lower right chart plots the Tenkan, Kijun, Senkou Span A and Senkou Span B flat zones 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.
Hosoda waves calculated last week on a bearish ABC pattern were touched: 22750 (NT), 21472 (N), 21444 (V), 20194 (E).
Considering the current pattern with point B on March 10, we have 16376 (NT), 20827 (N), 25278 (E), and 28450 (V) as further levels.
From a fundamental point of view, it is problematic the liquidation of Silicon Valley Bank, of the Fed's reassurances about it, as well as
It is important to assess the price close during the week on the following price structures:
- Bullish: 24400.00-24800.00
- Bearish/Lateral: 24000.00-22200.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Increased.
- Dominance of BTC: Increased.
- Price of BTC: Increased.
- Alt Cycle Expectation: Decreased.
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
COIN Coinbase potential Sell-Off !!!If you haven`t bought COIN puts here:
Or sold it here:
Then you should know that COIN Coinbase was more than a client of Silicon Valley Bank, and the relationship between the two companies was more than just a client-provider one.
Back in 2014, when cryptocurrency projects and businesses affiliated with crypto struggled to secure financing from traditional sources, Coinbase gave a stock warrant to Silicon Valley Bank.
This was part of an agreement between the two companies, which allowed Coinbase to use the bank's services.
The warrant gave the bank the option to buy more than 400,000 shares of Coinbase's class B common stock for slightly over $1 each. The warrant was valid until June 2024, but it is unclear what its status is currently.
However, Silicon Valley Bank's latest annual report to the Securities and Exchange Commission revealed that the bank earned $116 million in gains "related to Coinbase's direct listing" in 2021.
Coinbase has also paused conversions between USDC (a stablecoin pegged to the US dollar) and US dollars, due to the ongoing banking crisis that has affected the crypto industry.
Circle, which backs USDC, confirmed that $3.3 billion of the $40 billion supporting its stablecoin was deposited at Silicon Valley Bank.
Following the bank's seizure by the FDIC, the fate of that cash is uncertain, and USDC's dollar peg has been lost temporarily.
It remains unclear what Coinbase's exposure to USDC is at this time.
Considering the chart, my Price Target for COIN Coinbase is $34, for a potential Double Bottom.
Looking forward to read your opinion about it!
COIN short bearish push for expect
Hi viewers, CTAS price break zone, tech. side showing we can expect bearish trend
TP1:47
TP2:43
The prices of these coins will soar all the way in 2023
1. AI coins
ChatGPT is the next big thing because it can quickly solve difficult tasks.It has passed a major medical exam in the United States, cooperated with Microsoft, and is attracting competition from Google.
Therefore, crypto AI technology is booming, driving the bullish momentum of coins such as $FET, $AGIX,$GRT,$RNDR and several AI coins.
2. ZK Rollups
Ethereum stores global transaction data, but high gas fees make it difficult.ZK-rollups uses encryption tools to reduce the Ethereum blockchain space and expand the network.
This is a promising technology extensibility solution for Ethereum.
The following is a list of coins with ZK summary: $LRC,$IMX,$MINA,$MATIC will release the beta version of the zkEVM mainnet.
3. Mobile pledge tokens on decentralized pledge services
The SEC plans to ban pledge services in the United States, which has threatened the cryptocurrency pledge industry. Kraken was fined US300,000 and ordered to shut down its pledge service, and coinbase is also preparing to fight the SEC's crackdown.
Liquidity pledge tokens are on the rise, because decentralized pledge services may replace centralized platforms that may face bans in the United States.
The following are some coins that are bullish after the event: $LDO,$RPL and $ANKR.
4. Chinese coin Narrative
HongKong will officially legalize Crypto buying, selling and trading for all its citizens in 2023.This also includes institutions in mainland China.
As a result, Chinese currency is bullish.
LINA: Cross Chain Exchange from Hong Kong, Binance Launchpad
KEY: Enabling Crypto Payments in Hong Kong
MDT: Monetizing Data Coin from Hong Kong
ACH: Enabling Crypto Payments in Hong Kong
SAND: Building Hong Kong's Metaverse Backed by Animoca Brands
5. Bitcoin ordinal
According to coinmarketcap, the BTC ordinal number is "sats" or satoshis, which has been sorted and engraved with a piece of information, such as text or images.This piece of information makes sat unique and turns it into a de facto NFT.
In this kind of hype, what coins have soared?
Stacks' $STX token soared to a nine-month high of US1.0491 due to increased interest in Bitcoin NFT driven by the ordinal project.
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COIN Coinbase Crypto Winter in SpringIf you haven`t sold COIN here, ahead of earnings:
Then you should know that following a string of investigations and lawsuits against it, Silvergate Bank, a prominent lender to cryptocurrency firms, lost five key partners on March 2.
Coinbase, Paxos, Gemini, BitStamp, and Galaxy Digital were among the notable crypto firms that previously relied on Silvergate as their banking partner.
As a result, Coinbase ended its relationship with SI Silvergate and turned to SBNY Signature Bank, which i also believe it can drop significantly in price.
In my opinion, we are about to witness a Crypto Winter in full Spring.
COIN Coinbase could easily reach $53 by the end of this month, according to the Fibonacci retracement tool.
Looking forward to read your opinion about it.
Getting close to another support level on $DJI, SCALPING onlyAs stated many times, in & out. Get as much as you can and then WAIT, be PATIENT IF you want to hold longer. It could be a while before we get another good longer term buy opportunity.
As stated before, SCALPING quick moves.
Most of these were not huge moves BUT Put premiums did lessen & provided 10-25% in minutes.
$MSFT went from 249 - 252
$ZS 106 - 108.5
$TSLA 170 -177
$COIN 53-55.2
$RUN 21.9 - 22.95
Picked up some gold miners $BTG $KGC Possible consolidation in the industry.
💾 Classic Consolidation Pattern | Bullish PennantWhat are the odds of a bullish continuation?
The odds are rising, higher and higher, with each passing day.
Looking at the Coinbase stock, COIN, we have the classic bullish pennant which is a consolidation pattern.
That's basically all we need to know.
Consolidation and bullish but there is always more.
✔️ The RSI is still strong even after more than a month of correction.
✔️ Same for the MACD, it remains above zero.
✔️ COIN is also trading above EMA50. That seals the deal.
Bullish continuation more likely than not.
Namaste.
$ALK and $COIN added to today's watchlist!Looking for upward momentum to come in and push us through.
How's everyone feeling this morning?
COINBASE stock (280% gains if you're patient) NEW analysisCOINBASE stock looks great.
Falling wedge broke out bullishly and what we saw on 13 and 14 of February was creation of higher low and support retest.
Target 1 is at 114$ . It's a technical target from the bullish falling wedge pattern.
Target 2 is for patient investors/swing traders as it may take some time to get it.
At 205$ most likely we will see a trend reversal and heavy sell pressure as it's a strong resistance.
We are bullish on COIN in Q1 and Q2 2023.
Good luck
