Coin
Back into $COIN @ support for a tradeFEB 28
$COIN is our largest trading position by far
Going to start covering some, not have so much exposure in 1 position
Have #stock & sold Put #options
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TODAY TODAY TODAY
$COIN dotted lines served as staunch resistance & support for some time now, 30Min chart
1Hr confirms
Had some WAY otm written PUTS still have but had covered most on that last run up
Sold next week puts, likely trade most maybe hold few of these
#cryptp #CEX #crypto
"Swing Trading COIN: Bearish Divergence and Golden Pocket Setup"Confirm bearish divergence on RSI: Wait for a clear bearish divergence on the daily RSI chart for COIN .
Watch for a break below the 50 EMA: Keep an eye on the price action and volume to confirm a break below the 50 EMA. Volume increasing as it breaks 53.66 could signal a stronger bearish move.
Enter short position: Once the break below the 50 EMA is confirmed, consider entering a short position at a price level slightly below the 50 EMA. Set a stop-loss order at 58.10 to minimize losses if the price moves against the trade.
Set take-profit level: Set a take-profit level at 44.62, but consider taking into account the whole golden pocket between 52.78 and 43.78. The golden pocket is a Fibonacci retracement level and could act as a significant support level.
Monitor the trade: Monitor the trade closely and consider moving the stop-loss order to a trailing 5% once the trade is 15%+ in profit. This can help protect profits in case of sell exhaustion. Also, consider oversold levels as the price approaches the profit target.
Note: This trade setup strategy is based solely on technical analysis and does not take into account any fundamental factors that may affect the price of COIN. It is important to conduct further research and analysis before making any trading decisions, and to only risk an amount you are comfortable with losing.
💾 Bitcoin, Coinbase & TeslaWe will go into Bitcoin monthly next but let's make a quick stop first and take a look at Coinbase and Tesla.
Recently I mentioned Tesla (TSLA) as a leading market indicator.
It moved first on the crash and it also moved first on the bounce/recovery, and thus we can use this stock to know what the rest of the market will do.
Then we have Coinbase (COIN), a publicly traded Cryptocurrency company.
Say what you will about their methods but like Binance, they are (1st) one of the only few options available around and (2nd), a true force in this game.
We can like them or not but regardless of that we have to admit that they play a most important part in this market.
As the Coinbase stock went bullish the entire market went bullish, as Bitcoin goes bullish Coinbase goes bullish.
Yesterday we had a full green candle on the COIN stock.
- This candle recovers 5 previous days that this stock has been closing red.
- This same candle is also pushing the stock back above EMA10 which switches the short-term potential from bearish to bullish.
- This move is supported by rising volume, above the daily average.
- Another point in favor is the RSI staying above 55.
What these signals are pointing to is the potential end of the correction , the 0.618 and 0.5 Fib. retracement support levels have been activated and a bounce is already taking place.
This can lead to the next move starting soon, now.
- COIN can move above 100.
- It can move above 120...
- The next target is set at 144, more or less.
We wait and see of course.
Thanks a lot for the support.
Namaste.
COIN Responds to Higher Terminal Rate ExpectationsCoinbase NASDAQ:COIN has been responding to higher terminal rate expectations, which have risen dramatically in the past month. In December 2022 and January 2023, the August Fed Funds futures contract previously showed a terminal rate of approximately 4.70%. And the consensus had adopted the view of significant rate cuts into year end 2023. Now, that has changed, and the FF futures contracts show that the market's view of rates is coming into alignment with the US Federal Reserve's messaging. The December 2023 contract has moved up approximately 22% since mid-December 2022.
Coinbase has been falling rapidly today, over -8.00% after PCE (the Fed's preferred inflation gauge) came in hotter than expected. Retail sales for January 2023 also came in hotter than expected, and measures of the economy give the Fed room to keep rates higher for longer. Markets want to have their cake and eat it too—but that's not possible in an inflationary environment (sticky components especially). Stronger economic data coincides with more sticky inflation data for now, which gives the Fed incentive (and room) to keep rates higher for longer.
Coinbase is correcting at a minimum. One cannot rule out the possibility of a retest of lows or a new low altogether. But until critical support is reached (and breached), it's best to take this one level at a time.
1. Today, COIN breached the lows from earlier this week, specifically the low on Feb. 22, 2023, creating a bearish short-term structure.
2. COIN has been in a short-term downtrend since February 2, 2023 highs. That provides a good risk-reward entry spot for short-term traders. Caution is advised due to the volatility regularly seen by this stock. And the closer the entry is to the defined risk level, the smaller the risk is and the larger the position size can be without violating risk-management principles (but the more likely the stop is to be triggered as well).
3. A conservative target is $52.50-$54.13 in the shorter term, provided the downtrend line holds
4. A moderately aggressive target is $44.90 to 46.61. This target is not in effect until the conservative target is breached and held to the downside.
5. If COIN does not make significant progress in the next few days, the idea will be cancelled. Vanna and charm hedging flows as March OPEX approaches can start to boost markets if downward progress is not made quickly in the coming week.
6. The Bollinger Bands suggest a downside breakout could occur in the coming days or weeks.
Supplementary Chart A
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Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed.
Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders.
DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
$COIN forming NICE bottom forming patternwhat seeing for $COIN Intraday
15Min 30Min & 1Hr charts
Gets congested @ 4Hr and daily
Showing daily so you see
#COIN #stocks #crypto
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Different view for $COIN on DAILY
Forming Inverse Head & Shoulder patter
EARLY!!!
IF 56ish holds for a bit this is GREAT sign
Of course $BTC pumping would help the cause
#crypto #stocks
@coinbase
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:
Kumo has been green for 58 days and is about 11% wide. It has risen since the last analysis and is looking slightly upward. The situation is still uncertain: on the short term there is downtrend, on the medium term there is laterality, and on the long term there is laterality/uptrend.
The Kijun Trend indicator now indicates looking for long positions, although price is at Kijun levels and yesterday could have signalled short positions.
Heikin-Ashi:
The Heikin-Ashi confirms the bearish movement last week and the touch of the Kijun, which instead with regular candles was overcome.
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 on an ABC pattern representing sideways momentum shows the following price levels on the waves: 26245 (NT), 22346 (N), 18447 (E), 17452 (V).
From a fundamental point of view, the week generally closed with a sign of weakness in the markets despite the fact that equities closed slightly higher, while BTC closed a down week in anticipation of a potential recovery. In general, U.S. employment data are positive but U.S. GDP is not.
It is important to assess the price close during the week on the following price structures:
- Bullish: 24400.00-24800.00
- Bearish/Sideways: 23300.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle, we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased.
- Dominance of BTC: Decreased.
- Price of BTC: Decreased.
- Alt cycle expectation: Stable.
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
$BTC $VIX $COIN $DODO & more info from yesterday!SORRY, busy day yesterday
Was on radio show & generally copy paste to here and other sources but was too swamped. SORRY
Pls see profile for more DATA
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YESTERDAY @ 11:56AM
Intraday $btc
@ short term support
Oversold on 1hr
4hr #BTC not oversold yet
#Bitcoin may bounce here but fall may not be done yet
#Crypto
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Yesterday 11:15AM
$VIX MAY have issues here
We can very well have bounce for $SPX & #stocks
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11:05 yesterday
VERY IMPORTANT AREA for $BTC
Shorts for #BTC still uneventful
Intraday #Bitcoin in range
Sells were not heavy but more abundant than buys
Hence, pulling back a bit
However, buys seem to be coming in, WAITING
#crypto
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10:51AM
Again, PERSONAL #crypto portfolio
$DODO @ low 14's
Already had 2x & was trying to buy back small portion sold but MISSED retest of breakout (yellow line)
#DEX don't have limits @ least I've never seen
👀HUGE volume, LARGEST EVER
Weekly looking good
#altcoin #altcoins
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10:19AM Yesterday
Completely out of $COIN on that run!
Almost 80-90% on that run buying #option puts back!!!
@coinbase #crypto #CEX
FYI ended writing them again on the selloff, will let some sold puts expire & some may cover later as they are further out
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TODAY
Good morning everyone!
What have we been saying for over a year?
Whenever the #FED speaks & the market makes a move the following day is usually an inverse
#trade accordingly
Next few months will be volatile
$vix $spx #crypto $btc $ndx $dji
COIN daily idea, with mapped out levels and trendlines.COIN
Nice hold and bounce off that 61.5 spot which was my previous breakout area mapped out in the last idea. Things to note we have another weekly candle close above the 9&21emas although the moving averages have not crossed yet. We are technically still bearish but setting up for a for big move. Earnings coming out next week I will be watching for that 61 area to hold if not we have a trendline spot to watch for a potential bounce or break down.
XMR - Standing Strong!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
XMR is overall bullish medium-term and now approaching a support zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
XMR formed a channel in red but it is not ready to go yet.
🏹 Trigger => for the bulls to take over, we need a momentum candle close above the last major high in gray.
Meanwhile, until the buy is activated, XMR can still trade lower inside the support zone 140 - 150
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
💾 Coinbase | Looking At The Current Correction, Is It Over?Coinbase (COIN) remains really strong but the correction is significant, a 39% drop in 10 days.
The drop stopped right above EMA50 also matching the 0.618 Fib. retracement (golden ratio) level of the bullish wave that lasted exactly one month from 6-Jan. to 6-Feb.
If the market is set to move higher as we strongly believe will happen, this should be the end of the correction.
Not just the size but also the speed, fast drop, matches perfectly the type of market action we are having.
After a strong bullish wave that is set to continue, this is the exact type of correction that one would expect.
We have confirmation from other charts... TSLA just published.
Expect 168 next and 52 as the main strong support if the bulls fail.
Prepare for the worst, hope for the best.
Namaste.
Weekly Analysis BTC via IchimokuGood 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 37 days and is 8.5% wide. It has expanded further since the last analysis and Senkou Span A is looking upward. The situation is always bullish/lateral on the long term but on the short term it's a bearish momentum: the price is below the Tenkan.
The Kijun Trend indicator always indicates looking for long positions.
Heikin-Ashi:
The Heikin-Ashi confirms a strong short-term bearish movement.
Supports and resistances:
- 25000.00 Fibonacci
- 24400.00 Chikou cusps and flat zones of Kijun and Tenkan
- 23700.00 Chikou cusps and flat zones of Kijun and Tenkan
- 21200.00 Chikou cusps and flat zones of Kijun and Tenkan
- 20200.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 19100.00 Fibonacci
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.
Hosoda waves calculated on an ABC pattern representing sideways momentum shows the following price levels on the waves: 24160 (N), 27700 (NT), 25621 (E) and 25421 (V).
From a fundamental point of view, we are at an interesting time with respect to inflation, where bond market yields are rising and there are thoughts of increased aggressiveness by the FED.
It is important to assess the price close during the week on the following price structures:
- Rizalist: 23700.00-24400.00 and Tenkan.
- Bearish/Lateralist: 22400.00.
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: Decreased.
- Alt cycle expectation: Stable.
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
Great opportunity with this new HDX coin We all know that new coins that come into the market tend to o pretty well. Price has retraced to a fair value gap and on the daily and this is the best price to enter on a limit order. I will make two trades one with target to the next resistance and the other i just let run for at least a year.