Coin
COIN [LONG] Looking for DCA add-onWith the ongoing discussions around the regulatory scrutiny - we could see some further dips.
If the fundamentals aren't impacted much I see a nice addition around that $240-$250 range. I already hold COIN from $225 but would like to expand my own position following the earnings report.
** NOT FINANCIAL OR TRADING ADVICE **
Technical View on COIN after 120 days from IPOTechnical View on COIN
*Since the IPO, the price has been falling to a -51% from which is trying to recover now.
*Currently, we can see a range (yellow lines) and a first breakout attempt that at the moment has failed, and we are observing a "retest" that may continue falling, which will invalidate this view if that's the case.
*However, if that scenario doesn't happen. How can we develop bullish setups on the current structure? The answer is above the Range and above the last minor resistance of the current correction (activation level). If the price reaches the level, we expect a movement towards the two green arrows as target 1 and target 2
*We have defined the targets using fibo extensions and range projections.
*From the activation level, this movement can take between 20 to 35 days.
*If the price reaches the activation level, a perfect area for stop loss is below the full corrective pattern (Never risk more than 1% on trades like this).
Thanks for reading guys!
BTC Teethers to the real market....is there a correlation? In this first of many videos I have gone through a list of 100+ stocks and marked the placement of the teethers and the actual price point at the time I marked them. I will filter down this list to any stock I see a underlying correlation to the price action of the stock. I have used this technique to predict the bottom of bitcoin when it hit $30k and bounced. So basically finding the bottom twice with extreme accuracy. I actually believe I have some Ideas posted showing this bounce. and also some ideas showing where it would go afterwards. Being that bitcoin is above $42k I believe my 6 predictions leading up to it plus the two bounces at the bottom were all correct.
So I had a wild Idea....what if there is some correlation to the real market. A lot of companies are invested in bitcoin these days and a lot of institutional buying is also invested in bitcoin. If algos are trading bitcoin then it would be my belief that there is a correlation to the market and crypto through the algos that are being used. If a major institution is trading btc using its algo, and it is also trading the regular market, it would probably show in the price action in the same way. In just this first video, I think I prove that.
You are welcome to try and recreate what I have done here but I have acquired savant syndrome, I doubt you will see it the same way I do. There really is nothing to what I am doing that is special. I am just analyzing what I see, comparing that to the curve, wyckoff methodology, Candle stick technical analysis, Node analysis, and pattern recognition.
It takes me about 30 mins just to upload a video to Tradingview. So this will be 1 of probably 15 videos over a months time most likely an on going thing after the initial set that covers the first look. I will have to continuously adjust the list of the stocks that are showing some type of correlation to the BTC Teethers. Then Come up with an Ideology of how to interpret which lines are interacting with Price Action on each stock. If there is a Strong Correlation or a slight. Then come up with a test to really see if this stands up as a solid indicator. If anyone would like to help fund this, it would be much appreciated as it would take up 8-12 hours a day for months if not years. Finding early results would be easy but really finding out how this plays our will take months, each stock. Contact me here if you are interested in helping and I will post you in the credits plus give you first hand review of all the findings as I go through them. Thanks for watching.
by iCantw84it
08.17.2021
Trias Long Term ,Don't Miss this Gem in these juicy DipsTrias is Kucoin Gem , My Entries are set @ 3 to 4.50 partially. Hopefully we will see Trias at least 35 to 50$ end of this year. Though many are expecting Trias to hit 100 by end of this year.
Partial entries
Entry 1 :4.50
Entry 2 : 3.50
Entry 3 2.50
for This Dip.
Target 1: 9$
Target 2: 12
Target 3: 15
Target 4: 18
Target 5: 21
Target 6: 25
Target 7: 32
Target 8: 50
Target 9 : 100
It is always Better to Book Profit Before the Resistance Level .
Bitcoin Directional Movement indicator.Directional Movement Indicator is historically very reliable for clues on trend direction.
I separated the indicator into two parts down below to make it easier to view.
Currently the indicator shows us in bearish/neutral territory.
Long term it's showing extremely bullish trend.
More notes in the chart:
A classic Tipple BottomEntry: 225-235
Stop loss: 213
Reward/Risk:3-7
Target range: 255-300-325
Time Frame: 2-4 wks
Possible gain: 30%
Possible loss: 7.5-10%
Let's review my post about NASDAQ:COIN
1- April 13, 2021:
Should I buy Coinbase tomorrow?
2- April 14, 2021
It is time to check the fact, and analyst abilities..!
3- April 20, 2021
how deep Could Coinbase go?
4- April 22, 2021
Time proves how accurate is the analysis!
5- May 6, 2021
A None Random Walk Down Wall Street..!
6- June 3, 2021
WallStreetBets and ARK invest use the same PUMP???
I trade the opportunities market offers to me..!
Time To Buy Coinbase? [LONG]With all the excitement around Robinhood's IPO this week and the recent resurgence of Bitcoin its easy to forget about COIN, after what appears to be the completion of a 51% retracement in price according to the Fibonacci retracement we see here.
Since this retracement, COIN has quietly sprung 30% in price and appears to only be getting started if the chart I have illustrated here holds true.
COIN has broken shallow retracement areas of its pull back and now appears to be gearing up for what could be an 8% move to its first target at around $292 per share.
It is currently at a perfect low risk high reward trade currently as your likely risk to start off (if entering a long right this minute) would be -3%. However, your reward would be 8% and that would only be getting the party started.
Anything below $259.92 is bearish and we want nothing to do with this asset at that point as this would be a breaking of the .236 fib level. It should be noted that a daily candle close below this level is what we would be looking for to confirm the bearish scenario.
In the meantime this looks like a possible fun trade as the crypto market appears to be buzzing again and who none other than Coinbase should stand to benefit mightily.
COIN Earnings TOMORROW$COIN has earnings tomorrow - to me, COIN is one of the most undervalued crypto plays. It has yet to get caught in the hype, option IV% is about half what you pay on RIOT+MARA. there is a lot of room here for price to push into new territory. I am loaded with LEAPS. $310 target by end of week