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Coinbase: Ready to COIN it?Coinbase - Short Term - We look to Buy at 64.00 (stop at 54.64) Price action looks to be forming a bottom. Broken out of the triangle formation to the upside. Dips continue to attract buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 64.00, resulting in improved risk/reward. Expect trading to remain mixed and volatile. Our profit targets will be 100.00 and 149.87 Resistance: 83.32 / 100.25 / 150.12 Support: 64.09 / 50.34 / 44.15 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:COINLong
by Saxo
CoinBase - Elliott Wave Finally completed! + Bullish divergence- CoinBase is one of the most popular crypto exchange in the world and that's why it's good to track the price of the stock. - As per my Elliott wave technical analysis - we have completed the impulse wave successfully and now I am expecting at least a retracement to 0.618 FIB / Red horizontal resistance. - If we take a look at the RSI indicator, we can see a bullish divergence, which is ofcourse always great to see. - We have a local falling wedge, bullish reversal pattern at the end of the trend and the price is currently breaking out! - Look at my ideas about interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
NASDAQ:COINLong
by UnknownUnicorn2537518
5
CoinBase - Coin Monthly - GOING TO ZEROIgnore the Dumpster Fire behind the Grease Pit, it'll be ok. The CEO said so... _________________________________________________________ Ahem - Coinbase Global total liabilities for the quarter ending March 31, 2022 were $14.399 Billion, a 96.05% increase year-over-year. _________________________________________________________ Pretend it's going to work out. It will not. Coinbase will implode, be rescued for a fraction of its default and try again under the auspices of Big Top in the Flamingo's Parking Lot. The Ponzi scam is unraveling. Growth is in a steep decline and Bagging this Junk CO will cost you nearly all your holdings, by design. ___________________________________________________________ It is OVER for ConBase.
NASDAQ:COIN
by HK_L61
8
Coinbase *checks papers* overvalued I started using Coinbase all the way back in 2013, it was the first crypto exchange that didn't feel like a siren song, and my overall experience with their service has been positive. Going public is the biggest mistake Coinbase could have made (dramatic OMG face thumbnail would go here)! NASDAQ:COIN business model is simple, they soak customers with fees. And it's great during a bull market. $2 EPS in 2020 $16-ish EPS in 2021 2022, I’d say Coinbase is on track to loosing money. *the values are as I recall them, I'd double check if I were you.* Revenue relative to the assets, at one point reached 4%, well below that mark today. Even at 150bps, Coinbase isn’t making money. Based on the metrics COIN has presented, revenues are dropping faster than they’re cutting costs. Eventually, I believe Coinbase will find a happy medium, but it’s current fees based business model isn’t sustainable long term. In it’s current state I believe NASDAQ:COIN is overvalued (at the time of writing price is at $49-ish). I’d like to see COIN trading around 1 to 1.5 it’s Tangible Book Value, which, for the quarter ending in March 2022 is at $23.48 (1) and $35.22 (1.5). Stay tuned as to what will Coinbase’s Tangible Book Value be next quarter, mark your books for August 9th. Another fire burning under Coinbase right now is share based compensation, keywords in that problem are buyback and dilution. I’ll leave it for another day, Tangible Book Value is enough material for a decent tinfoil hat. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, It means a lot, Thank You! ❤️
NASDAQ:COIN
by WhoIsWu
TRXUSDT will be in down trendTRXUSDT trade will be in down trend channel ultimately it will touch -161.8% level then you can get good price to open buy position. Don't forget to share and subscribe. We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. Our aim is to deliver simple and compact information which can be used by beginner to give them brief understanding of trades without any complexity. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support us by sharing our ideas and hit like and subscribe button. You can support us through coins donation for more frequent signals.
by AussieLeader
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend, As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used in support other indicators that we developed and released Open Source, you can find them at the end of the analysis. Trend: Kumo has been red for 77 days, shrinking (now at about 13.67%). All lines continue apart from the Senoku Span B and the Tenkan continue to indicate a general downtrend. On the medium term, the Tenkan is flat. The scenario is always downtrend with the possibility of lateralization. The Kijun Trend indicator always indicates looking for short positions. Heikin-Ashi: For the week the Heikin-Ashi indicates a firm downtrend. Supports and resistances: - 25000.00 from Fibonacci - 21001.00 from Hosoda waves - 20000.00 psychological threshold - 19100.00 Chikou cusp level or flat zones of Kijun and Tenkan - 17082.00 Chikou cusp level or flat zones of Kijun and Tenkan - 16608.16 from the waves of Hosoda - 10909.15 from the waves of Hosoda - 11000.00-13000.00 level Chikou cusps or flat zones of Kijun and Tenkan For the various static price structures you can refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the daily time frame. Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Fibonacci: The Fibonacci levels on the Daily still show us positive long-term sentiment and places the 0 upside on 75000.00. Price is still below the 1 level, should it stay it will update accordingly. Conclusion: BTC continues to downtrend on the daily and weekly time frame. A strong downtrend is present. The well-known exponential moving averages often used in the Crypto market on the 200, 50, and 20 periods are aligned in downtrend at the opening. The Kijun trend is indicative of looking for short positions. Hosoda's targets are. - V: 13356 - NT: 11377 - N: 7111 - E: 2845 It is important to evaluate the closing of the week and during the week on the following price structures: - Bullish/Lateral: 22300.00 - Bearish: 19000.00 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
by TheSocialCryptoClub
1
Coin yet to form a base Coinbase Short Term We look to Sell at 71.83 (stop at 79.49) The primary trend remains bearish. We are assessed to be in a corrective mode higher. A move higher faces tough resistance and we remain cautious on upside potential. Preferred trade is to sell into rallies. We have a 61.8% Fibonacci pullback level of 69.06 from 83.32 to 49.02. Our profit targets will be 49.02 and 45.10 Resistance: 70.00 / 83.00 / 163.00 Support: 49.02 / 30.00 / 10.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:COINShort
by Saxo
Bitcoin next move Bitcoin price is about to exit the bearish zone of the Ichimoku cloud (red cloud) and to close above the Leading Span B line which indicates to a bullish movement in the coming days. I expect first a test for the 23k resistance then pullback to the ichimoku cloud Leading Span B line which will act as a support. 23k is not a tough resistance and most likely it will be broken very easy. Then Bitcoin will tackle a very strong resistance zone at 29k which is the Leading Span A of the ichimoku cloud on the Daily TF.
BITSTAMP:BTCUSDLong
by TradingZzone
CoinBase - Price Objective... LESS THAN ZEROThis raging POS of Junk Co is doomed. One by one the ALT CONs are failing. Poof another one. Oh no, another. Eff me, WTF... another. Tether me this... why are Investors unable to recover their funds? WHY? Cuz they are being stolen... Ding, winner. Don't end up a whiner in whiner world, you can always trade Futures in BTC/ETH and not be a Bilbo Baggins. ______________________________________ CON.Base will go kablewie...it will crack and fail. iron Man said so, Tony Stark... isn't wrong.
NASDAQ:COIN
by HK_L61
5
COIN- Fundamental and technical analysis****NOT THE INVESTMENT ADVICE**** I'm neutral in my assessment. Please do your own due diligence. In this analysis, I leave out external and macro factors such as crypto adoption and regulatory concern. Rather, I want to focus on things Coinbase can control. Main points- To start off, I believe Coinbase has the bright future and its biggest risk is the execution risk. However, in order for it to succeed, few conditions need to be fulfilled. ***The big bets need to take off (NFT market place, potential derivative offerings & Dapp marketplace and Coinbase wallet). When they do, the subscription and service revenue would go up and the decoupling may happen (crypto market price crash will have less effect on the COIN price) or at the very least Coinbase will be less dependent on the trading revenue, which currently accounts for 87% of the total revenue). ***NFT marketplace must take off next year- Both FTX and Binance have tried, but they failed to win the significant market share from OpenSea. What other strategies does Coinbase have to win market shares from OpenSea other than enhanced social features and trading fee waiver when the overall pie isn’t growing? (NFT trading volume and floor price are trending lower) ***Coinbase wallet must acquire more market share- How can Coinbase monetize the wallet when the market-leader MetaMask is provided for free? The success of Coinbase wallet is essential so Coinbase doesn’t become just another fiat on-ramp provider. It’s also instrumental to Coinbase’s overarching strategy of becoming all-encompassing platform where users can access all crypto-related activities. ***How to extract more revenue from institutional investors? Any strategies to increase the custodial fee and commerce fee? The upside- Cardano staking- Most of the subscription and service revenue come from the blockchain reward and the blockchain reward itself is consisted of mostly staking revenue. Cardano staking may further boost the blockchain reward revenue when it’s already the second biggest revenue source for Coinbase. Coinbase is focusing on its long-term vision- DeFi, Protocols+Web Infra and NFT/Mertaverse account for 60% of Coinbase’s ventu res portfolio. This is important as most major use cases in crypto ecosystem come from DeFi, NFT and DAO space. Still the most trusted brand with advanced and industry-leading security features. It has the security infrastructure and regulatory compliance advantage against international competitors such as FTX and Binance. While against domestic competitors such as Gemini and Kraken, it has the crypto offering advantage. Strong balance sheet enables Coinbase to acquire competitors during the crypto winter. Most of its long-term debts are convertible notes with the earliest maturity date in 2026. Still the leader of regulated U.S exchanges based on the spot volume, around 46% in 2021. Coinbase has recently become the first-ever crypto firm to join the Fortune 500 list of the largest U.S. firms by revenue. One caveat is that there are no strong barrier and switching cost that would prevent Coinbase customers from going to another exchange. More sustainable moat can be achieved if Coinbase can create a platform that provides all-access to crypto activities, realizing its long-term vision of becoming the Amazon of crypto services. Problem diagnosis- Verified user, trading volume, MTU and ATRPU are the most important metrics to watch out for in addition to other common financial metrics. The persistent theme is that the the declining trade volume and MTU (Monthly transacting users) are hurting Coinbase. Trading revenue accounts for 87% of overall revenue, the rest in subscription and service revenue, mostly in blockchain reward from staking. Retail only accounts for 23% of trading volume, but it accounts for 95% of trading revenue- Retail actually pays 14x the fee compared to institutional. Not much revenue is generated from institutional clients even though they dominate the trading volume because they receive deep discount for executing large trade, bringing in the flow, proving liquidity and acting as market makers. As soon as there’s some regulatory clarity, trading fee erosion can happen when bigger financial institutions and banks decide to enter the space, leading to the race to the bottom effect. Decline in retail trading volume while Institutional trading volume actually went up during the same time- Altcoins now account for fully 55% of transaction volumes and they are likely contributing to the rapid decline of retail transaction volume. Retails trade a lot of altcoins during the bull market and they stop trading altcoins in bearish market or when the volatility is low. Institutionals, on the other hands, trade mostly in Bitcoin and Ethereum and their trading volume is less affected by the market downturn. One could argue that this is the downside of adding more risky assets on the platform as it adds more volatility during the bear market, though these same assets flourish and bring in a lot of revenue during the bull market. Therefore, it’s a double edged sword. Increase in verified users and MTU may not translate to increase in ATRPU- Increasingly, users are engaging in more non-trading activities such as yield-generating staking which generates far less revenue than high-fee trading activities. This is not necessarily a bad thing as Coinbase has always been pushing for a more diversified revenue stream.
 In summary, Coinbase will likely continue to have more verified users, but even if those verified users become MTU, it may still experience the decline in revenue and ATRPU because of the decline in retail trading volume, trading activity and trading fee unless Coinbase can somehow find ways to extract more revenues from institutional clients and increase the percentage of the subscription and service revenue in total revenue. The downside- Weakening guidance as the company anticipated further decline in trading volume and MTU in 2022 Horizontal analysis revealed that Equity-Based Compensation (EBC) and SG&A ballooned while revenue suffered this quarter, leading to the weakening operating leverage. This concern is somewhat addressed during the recent 18% layoff as Coinbase aims to keep the EBITDA loss around 500 mil in the face of decline ATRPU, NOPAT and FCF. Impairment cost rule means Coinbase could suffer more non-cash loss on its crypto asset investment in the near future if the market selloff triggered by the Terra/Luna debacle and over-leverage unwind continues. Despite the strong balance sheet, customer custodial funds account for nearly 50% of the total asset, making Coinbase susceptible to the potential bank run risk. Coinbase recently filed shelf registration statement with the SEC. Just a minor concern as It has no intention to issue any new stocks anytime soon. Structural and ecosystem risk- Coinbase has strong interdependent and venture capital relationship with many crypto firms it invests and supports in its venture portfolio. Any insolvency and liquidity issues these firms experience during the prolonged bear crypto market could potentially have the negative impact on Coinbase’s operation. In summary, Coinbase has never been hit by bad macro environment and crypto downturn at the same time. In order for it to navigate through the current bear crypto market, Coinbase needs to apply the combination of financial prudence and execution nimbleness while making sure the development of high-priority product and service can continue unaffected.
NASDAQ:COIN
by Libratus
1
Bitcoin - Is choppy price action due to end in a week?Bitcoin continues its choppy price action within the rectangle pattern (neutral zone). Its recent failures to move substantially higher from the resistance level suggest that not enough buyers are stepping into the market. That is also reflected in the low volume, which is significantly lower than just a few months ago. In addition to that, on 15th June 2022, the FED is set to increase interest rates and proceed with further steps toward economic tightening. We expect these developments to put more pressure on the U.S. stock market, to which Bitcoin is highly correlated. As a result, we expect the stock market to halt the bear market rally and reverse downward. Therefore, we have no reason to change our bearish view on BTCUSD; our price target stays at 25 000 USD. Illustration 1.01 The picture shows the hourly chart of BTCUSD. It can be observed that Bitcoin has been moving mostly sideways for the past few weeks. As a result, the rectangle was formed; the upper bound acts as resistance while the lower bound acts as support. Red arrows indicate recent false bullish breakouts from the pattern. Technical analysis - daily time frame MACD is bullish but stays in the bearish area. Stochastic is bullish. RSI is neutral. DM+ and DM- produce whipsaws. ADX declines. Overall, the daily time frame is neutral. Illustration 1.02 The picture above shows the difference in volume size between the previous bull market and the current bear market. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
12