$COIN - Back to $300+ 6mBasically since early December, there's been been around $1 billion in $COIN swaps per day. Last time i saw something of this scale happen was with GME & XRT in August 2020 and again on Jan 4 2021 for the same symbols and even then, the amounts paled compared to what's being traded on $COIN.
TLDR: Buy COIN Shares or contracts 8 months out. Contracts over 6 months are preferred but less than 1 year. I expect a move to happen at around 6-7 months out from now.
The move will be in the form of "Crypto is a scam" all the whilst crypto is mooning now that FTX's leveraged short machine is gone & possibly the increase of Coinbase's customerbase due to the FTX collapse. At least that's what i think. Anyway, something's gonna happen that will be assigned as the reason why COIN pumps in 6 months. In reality it's already been traded and in progress by the big guys.
Coin
✴️ Loopring | Many Reversal SignalsThere are many signals supporting a reversal/change of trend on the Loopring chart. LRCUSDT.
Let's spend a few minutes of our time looking at some of those.
#1 - LRCUSDT has gone to new lows and then dove a bit lower, this is good for bottom fishers.
#2 - A very strong shakeout can be seen on the chart. Shakeouts can be indicative of upcoming change.
#3 - The August downtrend has been broken.
#4 - The Cup pattern we see very often, always at support and many times signals a low being set.
#5 - The increase in trading volume happened in November, recently buy volume is predominant on this chart.
#6 - The RSI is super strong at low levels, signaling that the trend can change soon.
#7 - Loopring is trading above EMA50 and EMA100, not possible to be bearish above these levels.
A change of trend is a major development.
A change of trend can lead to years of growth.
In the worst case scenario, these signals can lead to multiple months of a bullish wave/relief rally... Good in any case.
Namaste.
💾 Coinbase Global, Inc. | Cash Or Crash?Do we get cash or we get a crash?
Currently COIN is trading above EMA50 as well as above the low that was set 12-May-2022.
The whole drop between early December and early January is a liquidity hunt event.
The August 2022 downtrend has been broken.
New low hit ✔
Liquidity hunt ✔
Broken downtrend ✔
We are more likely to see cash and no crash.
Namaste.
Coinbase - LOWEST WEEKLY VOLUME - Bull TrapThe weekly gapped up on the lowest weekly volume since April 2022. Moves without volume are suspect. At the same time of the spike, notice ADX just rolled over hard. NO TREND. The 4hr. is extremely overbought and the 1hr. has turned over. EXPECT A HARD SELLOFF in all crypto simp coins. The bull trap is set.
COIN/COINBASE Stock: Up to $56, Down to $41, Up to $84?Prediction based on technical indicators:
Up to $56 ATPOC Monday
Retrace Down to $41 throughout rest of week/into next week
Work up to inverse fib (& regular fib) extension level which both align at $83.90ish/$84 & also line with large price level from
price action on zoomed out weekly chart.
Will COIN Share price Return to Its Lowest Level Again?Coinbase’s share price continues to its negative performance and is heading towards its lowest levels since June and is also close to returning to its lowest levels since the IPO at $40.83. COIN share is being traded below the short and long-term exponential moving averages, while neither the RSI nor the MACD indicates a possible bullish reversal now.
On the daily chart, if the COIN share price fails to hold above the $44.15 support level, we may witness a return to the all-time low of 40.83.
But in the opposite case, if the COIN share price manages to recover the $52.63 level, the previous downside hypothesis may be violated, and we may witness a return of COIN share price towards the level of $63.43.
The $75 level remains the most difficult upper target at the moment with the very poor technical condition of COIN share – considering the creepy fundamental conditions of crypto market.
COIN LONG after a reversalCOIN's long downtrend reversed after signs of the end of the crypto winter
and SBF brought to justice to clean up the crypto industry.
Moving averages show the inflection and new uptrend.
On the volume profile, the price rose over the POC line showing
that buying pressure exceeds selling pressure.
The chart pattern shows a double bottom late December
and this past Monday clearly establishing a key support level.
This looks to be a good swing long with a target being the
0.5 fib level of the retracement from the downtrend.
Call option contracts are a good alternative to a sizeable
trade of stock.
COIN bottom nears (at least S-T)I see three options:
1) the one I'd like to trade but too simple to be true is one the chart
2) the same beginning as the first option but target is modest (37sh) with further low searching
3) imminent slip to ATLs
I'm gonna stick to 1-2 options, looking for long positioning
💾 Coinbase | They Are All The Same +Altcoins, Bitcoin & SPXWe already looked at Tesla (TSLA) and you know these things, they are all the same.
What one does the rest follows... Let me show you!
The ATH/Peak price was hit early November 2021, exactly the same as Tesla.
The first low was hit late December and a lower low 6-January 2023 by just a few points, exactly as Tesla.
And today we have a strong bounce where the candle gaps up (a rising window), the same as with the Tesla stock.
Also the SPX, the NDX and the rest of the market is going through the same... Exactly the same.
So expect COIN to also grow but we don't know by how much.
We can make some speculation based on the data coming from hundreds of charts.
There will be retraces and corrections, there will be shakeouts, red and green candles... Nothing moves in a straight line.
As a general view, we see these markets going green at least for 1-2 months... This can be extended a lot but we go step by step...
Thanks a lot for your support.
These are stocks, for cryptocurrency, I have a much better picture of as to how things will develop.
Most of the Altcoins already hit bottom.
Bitcoin, Ethereum, Cardano, Dogecoin, Binance Coin and the rest of the major altcoins are entering a bullish wave... How this bullish wave develops will tell us what comes next.
But we are looking at 1-3 months of bullish action, in the least first... And even though we are talking about these assets as groups, we look at each chart separately, one by one.
Things start to pick up mid-January.
Things speed up after 22-January.
The news and events the market will create to match what we see on the charts.
For example, China is opening up.
The fake CPI numbers and such will come out "good" or "better than expected".
The FED makes some "positive" statements so on and so forth.
As I mentioned on the latest SPX Update, the FED will change their stance sooner than expected, some type of u turn, but it will be a surprise of course. Not necessarily tomorrow but Q1/Q2... That's just my opinion, feel free to share yours in the comments section below.
Thank you for reading.
Thanks for the boost, thanks for the comments, thanks for the follow... Thanks again for the continued support.
Namaste.
NASDAQ BLOCKCHAIN ECONOMY INDEX🧾 Intro
The Nasdaq Blockchain Economy Index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others.
The Index began on December 1, 2017 at a base value of 1,000.00.
TOP 10 HOLDINGS and Index Weight
• As of June 30, 2021:
1. COINBASE GLOBAL (COIN): 2.26
2. IBM (IBM): 1.87
3. ACCENTURE (ACN): 1.82
4. SILVERGATE CAPITAL (SI): 1.81
5. FUJITSU (6702): 1.80
6. OVERSTOCK.COM (OSTK): 1.79
7. MICROSTRATEGY (MSTR): 1.78
8. BAIDU (BIDU): 1.78
9. JD.COM (JD): 1.76
10. SQUARE (SQ): 1.73
---------------------
Total = 18.41
Source: indexes.nasdaqomx.com
📈 Graphic Analysis
I believe this week we will see the breakout of that orange diagonal line, peaking up to the 0.5 retracement at $1443.60.
CULT A while back i posted this TA on CULT DAO
Check it out.
I have been accumulating heavily at these prices , I think this project is a ticking time bomb, its baked into the code , its undeniable that over time supply will shrink and one day there won't be much cult to buy.
At the moment we are in a triangle and since October 2022 we have formed a very nice base , lower highs on the daily since Nov 29th 2022 .
RSI also showing something big stirring up with if we can break this level of resistance we could see a nice rally.
Money Flow Index
We can also see that MFI has been making lower highers ever since September 2022
This project goes to 10 billion marketcap in the future no doubt sometime by 2025.
Cardano (ADA) Coin Analysis!We examined the chart of the Cardano coin.
To continue the bullish move, Cardano coin must close 7-hour candles above the $0.2836 zone, the red zone indicated on the chart.
If ADA coin can close above the $0.2836 region, we think the bullish move will continue until the $0.2985 region.
When we examine the important support areas of ADA Coin, the important support area of the ADA coin is located at $0.2690.
If Cardano (ADA) coin fails to close above the $0.2840 zone, it can continue its downward move up to the support zone of $0.2590.
Not Investment Advice.
COIN at an accumulation spotZach J said "COIN published their proof of funds" and people feel better about it. Also, they have "survived" all of the debaucheries in the industry and sector. I have said for a LONG time, this is one of the 'few I trust' and one of 2 I have ever put $$ into. This and Kraken... :-)
COIN will dump- short it now Coinbase stock is ready to drop .
Stoch indicator shows an overbought conditions.
The price faked out a little bit above the resistance trendline, but it got rejected from an upper boundary of the Bollinger bands.
Expecting a nice drop.
Target: 31,40 $ which would be a lower boundary of the BB.
Good luck
Coinbase - small bounce before the dump (1h timeframe trade)The price moves in the channel .
At the moment the double bottom pattern on 1h timeframe is valid and we expect the push up towards the downsloping resistance line . After that, we should see one more dump before we reach 'aggresive' target from Head and shoulders that we identified some time ago:
Conservative target was already reached.
You can long it now or short it at the resistance.
Targets are shown on the chart
Good luck
Coinbase stock will follow Bitcoin?Bitcoin broke the key level which it held for many months.
Yesterday Coinbase´s price bounced from the key support however we expect that Coinbase stock will follow Bitcoin´s path therefore getting rejected from the resistance (red line) wouldn´t be surprising.
According to technical analysis, support which is tested more times is more likely to break down.
If the price retests the support at 45 $ again, we believe that it will break and from there the price will drop to $16 - $ 20 which could be a bottom. It´s also a 1,618 fib extension.
Sentiment in cryptocurrency market is mega bearish therefore it´s likely that coinbase´s price as a crypto firm will continue decreasing.
Stay safe.
COIN-New 52 Week Low!COIN recently made a new 52 week low!
A descending triangle pattern was identified on the daily chart. Price broke below the lower trendline of the pattern.
Also, a falling wedge pattern was identified on the one hour chart. COIN traded in a tight range Friday and closed in the supply zone .
MrALtrades00
The MASK Has Fallen! 🤿Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
📉 After breaking below the last major low in gray, MASK has been overall bearish trading inside the falling red channel.
MASK is currently approaching a strong daily support in blue 2.0
📈 For the bulls to take over again , we need a break above the upper red trendline AND the last high in gray.
Meanwhile , until the buy is activated, MASK would be overall bearish and can still break the 2.0 downward.
If the 2.0 is broken downward (daily candle close), then a movement till the 1.5 support would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Coinbase comes in at $30 🐻❓🐂 On both the weekly and daily charts, the Stochastic Momentum Index (SMI) oscillator is in an interesting buy region.
📈 Daily chart:
On the daily chart, there was a 🐻🔫 bear trap signal.
I think a possible target is at $41.89.
In this troubled region marked in the yellow rectangle, there will be a window of opportunity for 📉 shorts, with a target of $30.
⚡Volatility contraction
📈 Weekly chart:
📈 Daily chart:
The 21-period normalized ATR indicator on both the daily and weekly charts is showing a contraction in volatility.
Touching the 21 average with the possible breakout could signal a strong move, independent of direction.