Why Technical Analysis is enough to make profits in financial maif you only looked at charts and bought NVDA at 0.61 Fibonacci Retracement, you would be able to 8X your money. Yo don't need to look at any industry trends regarding AI or whatever. You don't need to look at balance sheet, cash flow or any other thing. If the information is important , you will be able to see it on the chart.
Of course if you combine both, you will be unstoppable.
#technicalanalysis #fundamentalanalysis
Coin
BLOK: Blockchain ETF Set up for Ultimate Bearish DeclineThe BLOK ETF in a Type 2 HOP Return of the Local Bearish Crab has rammed into the PCZ of a Bearish 5-0 with RSI Bearish Divergence and now seems to be prepared to go for a lower low which would align with Bearish reversals in MSTR, COIN and other similar stocks such as CLSK and MARA.
COINBASE rallying as it should since our last call. What's next?Coinbase Global, Inc. (COIN) has started an amazing rally following our February 05 buy signal (see chart below) and is headed towards the $285.00 Target:
We are modifying the Channel Up to make contact with all three Higher Lows as the Higher Highs comfortably fit the 0.786 Fibonacci Channel retracement level. As you can see all previous Higher Highs have been formed with a 1D candle closing below the 0.786 Fib and right now the price is sitting exactly on that level.
This indicates that as long as the stock doesn't clos a 1D candle above it, we may see one last short-term pull-back towards the 0.5 Fib before eventually reaching the $285.00 Target. If however a 1D candle does close above the 0.786 Fib, we do expect the current rally to continue straight to the Target.
Notice at the same time the 1D RSI entering the 2023 Resistance Zone. This is an unnoticed key dynamic as the previous Higher Highs were priced after the RSI got rejected on the Resistance Zone and it entered back blow the 70.00 overbought barrier. Keep an eye for a timely exit.
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$COIN Weekly Chart Double Top PierceNASDAQ:COIN Weekly Chart Double Top Pierce, A "double top with a pierce" is a bearish reversal pattern commonly observed in technical analysis, particularly in stock charts. It typically indicates a potential trend reversal from bullish to bearish.
- **Formation**: The pattern consists of two peaks (high points) that are approximately equal in height, separated by a trough (low point) in between. The first peak forms during an uptrend, followed by a decline to the trough. The price then rallies again to form the second peak, which is often at or near the same level as the first peak.
- **Pierce**: In a double top with a pierce pattern, the price briefly pierces above the high of the first peak before reversing downward. This pierce above the first peak can often trap bullish traders who see it as a breakout, but the subsequent reversal indicates a failure to sustain upward momentum.
- **Neckline**: A trendline drawn connecting the lows of the troughs forms the neckline of the pattern. The neckline acts as a support level, and a break below this level confirms the pattern.
- **Volume**: Volume tends to decrease as the pattern forms, then increases when the price breaks below the neckline, confirming the pattern.
- **Confirmation**: The pattern is confirmed when the price breaks decisively below the neckline on high volume. This breakout below the neckline suggests that bearish momentum has overcome previous buying pressure, signaling a potential trend reversal from bullish to bearish.
Traders often use the height of the pattern (from the peaks to the neckline) to estimate a potential price target once the pattern is confirmed. Overall, the double top with a pierce pattern is considered a reliable bearish signal, but like any technical pattern, it is not foolproof and should be used in conjunction with other forms of analysis.
Bitcoin approaching $60,000. Getting closer to All-Time High!Bitcoin (BTC) Is getting closer to $60,000 and may eventually break the All-time High. There are a few ways to capitalize on BTC moves.
1. Direct purchase of crypto from crypto exchange like Coinbase
2. Invest in stocks associated with BTC. Examples include NASDAQ:MARA , AMEX:GBTC , NASDAQ:COIN , NASDAQ:RIOT , NASDAQ:MSTR
3. Invest in LEAPS options on the same stocks (powerful strategy)
4. Invest in ETFs associated with BTC. Examples include $ARKN, NASDAQ:IBIT , AMEX:HODL , AMEX:FBTC , AMEX:BITB
5. Invest in Bitcoin futures
Expect all of these to move up as BTC approaches $60,000
Momentum, Growth & Innovation: Updated WatchlistMomentum, Growth & Innovation: Updated Watchlist
www.tradingview.com
My updated trading watchlist includes a diverse range of companies across various sectors, prominently featuring technology, healthcare, and finance, among others. These companies, currently part of ARK Invest's holdings, are identified as being in a confirmed Stage 2 uptrend, indicating strong bullish trends according to Mark Minervini's methodology. This analysis will highlight key sectors represented, providing a broad understanding of the market dynamics at play.
Technology Sector
Companies like NASDAQ: NASDAQ:AMD (Advanced Micro Devices Inc) NASDAQ: NASDAQ:MSFT (Microsoft) NASDAQ: NASDAQ:NVDA (NVIDIA Corporation) and NASDAQ: NASDAQ:GOOG (Alphabet) underscore the significant emphasis on technology, particularly in semiconductors, cloud computing, and artificial intelligence. These firms are at the forefront of innovation, driving trends in digital transformation, and represent strong growth opportunities as they capitalize on increasing demand for technology solutions.
Healthcare and Biotechnology
NASDAQ: NASDAQ:IONS (Ionis Pharmaceuticals) NASDAQ: NASDAQ:RXRX (Recursion Pharmaceuticals Inc) NYSE: NYSE:NET (Cloudflare) and NASDAQ: NASDAQ:VRTX (Vertex Pharmaceuticals Incorporated) highlight the focus on healthcare and biotechnology. This sector benefits from ongoing advancements in medical research, genetic sequencing, and personalized medicine. Companies in this space are pivotal in addressing global health challenges, including new therapies and vaccines, reflecting potential for significant impact and investment returns.
Finance and Cryptocurrency
With holdings like NYSE: NYSE:ICE (Intercontinental Exchange Inc) NASDAQ: NASDAQ:COIN (Coinbase Global Inc) and AMEX: BITO, there's a clear interest in financial services and the burgeoning field of cryptocurrencies. These selections point to the growing influence of digital assets and blockchain technology in reshaping financial transactions, investment strategies, and asset management.
Consumer Discretionary and E-Commerce
Companies such as NASDAQ: NASDAQ:AMZN (Amazon.com Inc) NYSE: NYSE:SHOP (Shopify Inc.) and NASDAQ: NASDAQ:MELI (MercadoLibre) represent the e-commerce and consumer discretionary sectors. Their inclusion underscores the continued growth in online retail and digital consumer behaviors, accelerated by global shifts towards online shopping and digital platforms for goods and services.
Aerospace and Defense
With NYSE: NASDAQ:KTOS (Kratos Defense & Security Solutions Inc) NYSE: NYSE:LHX (L3Harris) and NASDAQ: NASDAQ:AVAV (AeroVironment Inc.) there's an acknowledgment of the importance of aerospace and defense. These companies are involved in cutting-edge technology for national security, space exploration, and unmanned aerial vehicles, sectors expected to see substantial growth due to increased defense spending and interest in space.
Conclusion
My watchlist reflects a strategic focus on high-growth sectors poised for continued expansion and innovation. By targeting companies within technology, healthcare, finance, consumer discretionary, and aerospace & defense, the list aligns with sectors that not only have strong current performance but also hold future growth potential.
JUST IN: Judge fines #Binance $4.3 billion in US plea $BNB**Breaking News**: In a **stunning blow** to the cryptocurrency giant, **Binance**, a U.S. judge has **slammed down a record-breaking $4.3 billion fine**. The verdict comes after Binance **pleaded guilty** to **serious violations** of anti-money laundering regulations and sanctions protocols. 🚫💰
The once-prominent exchange, known for its global reach and massive trading volumes, now faces a **financial tsunami** that could **ripple through the crypto market**. The judge's ruling sends a clear message: **no one is above the law**, not even the behemoth of digital currencies.
As the news reverberates across the financial world, Binance's CEO, Changpeng Zhao, is reportedly **reeling from the blow**. The company's reputation, once untouchable, now lies in tatters. Investors are **dumping their holdings**, fearing further repercussions. The crypto community, once fervently loyal, is now **questioning its allegiance**.
The $4.3 billion fine is a **crippling blow**. It's not just a monetary penalty; it's a **symbolic gut punch**. Binance's empire, built on the promise of decentralization and financial freedom, now stands on shaky ground. The judge's gavel has shattered that illusion, leaving behind a trail of uncertainty and doubt.
And what about the millions of users who trusted Binance with their hard-earned funds? They're left wondering: **Is this the end of an era?** Will Binance survive this unprecedented setback? Or will it become a cautionary tale for the crypto industry?
As the dust settles, one thing is certain: the crypto landscape will never be the same. The **mighty have fallen**, and the echoes of this judgment will resonate for years to come. Brace yourselves, fellow investors, for the storm is here, and it's named **regulation**. 🌪️📉
Sources:
1. (www.msn.com)
2. (variety.com)
3. (www.cnbctv18.com)
4. (www.techtimes.com)
Sursă: conversație cu Bing, 24.02.2024
(1) Judge Approves Binance’s $4.3 Billion Settlement For Anti-Money ... - MSN. www.msn.com
(2) Binance, world's largest crypto exchange, to pay $4.3 billion fine as .... bing.com
(3) Binance to Pay $4.3B to Settle Money-Laundering Charges, CEO Resigns. variety.com
(4) Binance to pay record $4.3 billion fine for breaking US anti-money .... www.cnbctv18.com
(5) Binance to Pay $4.3B for Sanctions, As US Judge Approved Plea Deal. www.techtimes.com
Coinbase's Resurgence: From Losses to ProfitsCoinbase Global ( NASDAQ:COIN ) has surged back into profitability, marking its first quarterly profit since 2021. The resurgence comes amidst a renewed interest in cryptocurrencies, fueled by the recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
The Crypto Boom:
The approval of spot bitcoin ETFs by the SEC has reignited investor enthusiasm for cryptocurrencies. This pivotal decision has propelled bitcoin's price to a staggering 57% increase in the final quarter of 2023, creating a surge in trading volumes for platforms like Coinbase.
Coinbase's Stellar Performance:
Coinbase ( NASDAQ:COIN ) reported a staggering 64% jump in transaction revenue, reaching $529.3 million in the fourth quarter. This robust performance has surpassed both internal expectations and Street consensus, signaling a strong comeback for the exchange.
Diversification Strategies:
Beyond trading, Coinbase ( NASDAQ:COIN ) has strategically diversified its revenue streams. The subscription and services unit, which includes businesses beyond trading, saw a substantial revenue increase of nearly 33% to $375.4 million. Stablecoin revenue, particularly from the partnership with fintech firm Circle, emerged as a significant contributor to this growth.
Stablecoin Boom and Federal Reserve's Impact:
The interest earned from stablecoins, such as the USD Coin (USDC), has become a lucrative revenue stream for Coinbase ( NASDAQ:COIN ). Partnering with Circle, Coinbase ( NASDAQ:COIN ) has capitalized on the interest generated by reserves backing USDC. Moreover, the Federal Reserve's interest rate hikes have further boosted Coinbase's income, showcasing the symbiotic relationship between traditional monetary policies and the burgeoning crypto market.
Analyst Insights and Long-term Concerns:
Despite the euphoria surrounding Coinbase's profitability, analysts, like Michael Elliott from CFRA Research, express caution regarding the potential impact of spot ETFs on Coinbase's market dominance. There are apprehensions that the availability of spot ETFs may divert investors to seek crypto exposure elsewhere, posing a challenge to Coinbase's continued growth trajectory.
Conclusion:
Coinbase's ( NASDAQ:COIN ) journey from losses to profits exemplifies the dynamic nature of the cryptocurrency landscape. The approval of spot bitcoin ETFs has undoubtedly fueled Coinbase's resurgence, but challenges loom on the horizon. As the crypto market evolves, Coinbase ( NASDAQ:COIN ) must navigate shifting investor preferences and intensifying competition to maintain its position as a leading exchange platform.
Coinbase Bounces Back Strong: Profits Surge as Crypto Rides High
In a resounding testament to its resilience, Coinbase (NASDAQ: NASDAQ:COIN ), the leading cryptocurrency exchange, has surged back into profitability with a staggering $273.4 million profit in the fourth quarter of 2023. This remarkable turnaround comes on the heels of a tumultuous period marked by regulatory challenges, market volatility, and legal disputes. As the crypto market roars back to life, Coinbase ( NASDAQ:COIN ) emerges as a beacon of stability and strength, poised to capitalize on the burgeoning opportunities ahead.
A Profitable Rebound:
After weathering a storm of adversity, Coinbase ( NASDAQ:COIN ) has emerged stronger than ever, reporting a remarkable turnaround from a loss of $557 million in the same quarter a year ago to a profit of $273.4 million. This impressive feat can largely be attributed to the company's strategic initiatives, including the bolstering of its balance sheet by reducing debt by $413 million and leveraging its stablecoin reserves to generate higher interest income.
Stablecoin Resilience:
One of the key drivers behind Coinbase's ( NASDAQ:COIN ) resurgence has been the impressive performance of its USD Coin (USDC) stablecoin. With a staggering 18% jump in interest income to $171.6 million, USDC has played a pivotal role in shoring up the exchange's profitability. This underscores the growing importance of stablecoins in the crypto ecosystem and highlights Coinbase's adeptness in capitalizing on this emerging trend.
Regulatory Battles and Legal Challenges:
Despite its remarkable financial performance, Coinbase ( NASDAQ:COIN ) continues to grapple with regulatory uncertainties and legal disputes. The Securities and Exchange Commission's lawsuit alleging the sale of unregistered securities through its staking service looms large, casting a shadow of uncertainty over the company's future. Nevertheless, Coinbase ( NASDAQ:COIN ) remains undeterred, vigorously contesting the lawsuit as it navigates the complex regulatory landscape.
Riding the Crypto Wave:
Coinbase's ( NASDAQ:COIN ) resurgence mirrors the broader revival of the cryptocurrency market, fueled by the meteoric rise of Bitcoin and the approval of crypto exchange-traded fund (ETF) proposals. As Bitcoin soared to new heights throughout 2023, Coinbase stood as a steadfast custodian, providing essential services to spot Bitcoin issuers and cementing its position as a cornerstone of the crypto sphere.
Looking Ahead:
Buoyed by its robust financial performance and strengthened market position, Coinbase ( NASDAQ:COIN ) is poised to capitalize on the myriad opportunities that lie ahead. With its unwavering commitment to innovation, regulatory compliance, and customer satisfaction, the company is well-positioned to navigate the evolving crypto landscape and drive sustainable growth in the years to come.
Conclusion:
In the face of adversity, Coinbase ( NASDAQ:COIN ) has emerged as a shining example of resilience and adaptability. With its triumphant return to profitability and unwavering commitment to excellence, the company stands poised to shape the future of finance in an increasingly digital world. As the crypto revolution gathers momentum, Coinbase ( NASDAQ:COIN ) remains at the forefront, leading the charge towards a more inclusive and decentralized financial ecosystem.
COINBASE: The lengthy BUY/SELL wave pattern to $280.Coinbase is trading on its 1D MA50 on a marginally bullish 1D technical outlook (RSI = 55.372, MACD = -1.520, ADX = 34.856) despite the recent breakout. The long term pattern is a Channel Down and according to the Wave Structure of the HH and HL levels, we still have another 30 days (March 14th) until the bottom of the current Wave, which should at all times be supported by the 0.618 Fibonacci level and of course the 1D MA200.
When the 1D RSI crosses over the LH trendline, we will have a buy signal regardless of the price level. The range between each HH-to-HH and HL-to-HL isn't absolute but is close, well balanced and as you can see, fairly symmetric. Our target is at +144.50% from the recent low (TP = 280.00).
See how our prior idea has worked out:
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Binance Coin can correct to support area and then start move upHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price a not long time ago rebounded from the resistance line of the triangle, and in a short time declined to the support line, thereby breaking the 300 support level, which coincided with the buyer zone. But then, the price bounced from the support line and soon rose back to the resistance level, breaking the 300 level one more time, after which BNB later exited from the triangle and tired to rise more, but failed and made correction to the support level. After correction, BNB made a strong upward impulse to 316 current support level, which coincided with the support area and in a short time later broke this level too. As well, the price started to trades in a range, where it rose to the top part and some time traded near, but not a long time ago BNB rebounded and declined to the 316 level, where the price continues to trades near to this day. In my mind, Binance Coin can fall to the support area, where it will turn around and start to move up in range. Therefore I set my target at 323 points. Please share this idea with your friends and click Boost 🚀
HelenP. I BNB can rebound up of trend line, exiting of triangleHi folks today I'm prepared for you Binance Coin analytics. Some days ago price bounced from the support level, which coincided with the support zone, and declined to 290 points. But soon, the price backed up and broke the 300 level, after which it made a retest and then made a strong impulse up to the resistance zone. Reaching this zone, which coincided with the resistance level, BNB tried to break this level, but soon made a correction below, after which it turned around and made impulse up higher than the 315 level, breaking it. Later price turned around and made a strong impulse down to the trend line, breaking the 300 and 315 levels, but soon BNB rebounded from the trend line and rose back to the support level. Next, Binance Coin rose to the resistance zone, after which the price turned around and in a short time declined to the 300 level, where it some time traded and later bounced up, forming a triangle pattern. A not long time ago price rebounded from the resistance line to the trend line, where BNB continues to trades near now. For my mind, I expect that Binance Coin will correct to the trend line again, after which the price can rebound and start to move up to the 310 level, thereby exiting from the triangle pattern. If you like my analytics you may support me with your like/comment ❤️
COINBASE Has it found a bottom? Caution if it breaks this level.Last time we looked into Coinbase (COIN), we set a long-term target of $150 (November 14 2023, see chart below) that was easily surpassed:
At the moment the stock is on a short-term pull-back following the rejection near the 1D MA50 (blue trend-line). It is approaching a dangerous level, the 0.5 Fibonacci of the Channel Up, which is its middle but most of all the 116.50 level which is the former Resistance level (two Highs on August 04 2022 and on July 14 2023) that could now turn into Support.
If it holds, we can expect a rebound targeting $285, which would be a +146.82% rise, above the top (Higher Highs trend-line) of the Channel Up. If it closes a 1D candle below it though, we expect the price to seek the maximum % decline it has had within this pattern, -47.15%, which would bring the stock around $100 and would be technical test of the 1D MA200 (orange trend-line) and an excellent long-term buy entry, which is what took place on the October 27 2023 bottom. In that case a +146.82% rise would be $245.00 and that would be our Target. Note that at any given price, if the 1D RSI hits the 1-year Support Zone, it will be a solid buy entry regardless.
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Binance Coin can exit from wedge and decline to support levelHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price not long time ago made an upward impulse from 305 to 321 points, thereby breaking the resistance level, which coincided with the seller zone. After this price entered to downward wedge, where it rebounded from the resistance line and in a short time declined lower than the 312 level, breaking it again. Next, the price made a retest and declined until to support level, which coincided with the buyer zone, and soon BNB broke this level too and declined to support line of the wedge. Then the price turned around and made a strong upward impulse to the seller zone, breaking the 296 level one more time. After this movement, BNB rebounded from the seller zone and made correction to the buyer zone, after which the price bounced and tried to rise, but failed and declined to support line. Recently Binance Coin rebounded from this line and started to move up, so I think the price can make a small movement up, after which it will turn around and continue to decline to the support level, thereby exiting from the downward wedge. For this case, I set my target at the 296 level. Please share this idea with your friends and click Boost 🚀
$BITO Ready to Run?AMEX:BITO Kathy Woods AMEX:ARKW fund sold OTC:GBTC and bought $92mm AMEX:BITO yesterday. They also sold $COIN. There is the news. I am more of a technical trader, and I like the set-up on BITO here. I have started a one third size position in the anticipation of a break above the small consolidation area or pennant. My stop is tight, just below today’s low of day.
I like the fact that it is trading above the IPO AVWAP which means that by volume most shareholders are in the money. That means there is little overhead resistance at this point. It is also trading above all the moving averages.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
BTC to All Time Highs in 2024??? DISCLAIMER
My thoughts are outlined within the chart itself, and they are just my thoughts and opinions based on the technical analysis that I see. I am in NO WAY a professional in the trading of any crypto currency, so ffs, DO YOUR OWN RESEARCH! :) :)
COINBASE:BTCUSD
NASDAQ:COIN
NASDAQ:MARA
NASDAQ:RIOT
NASDAQ:HUT
NASDAQ:IBIT
AMEX:GBTC
AMEX:HODL
NASDAQ:BRRR
AMEX:ARKB
AMEX:BITB
AMEX:FBTC
AMEX:DEFI
AMEX:EZBC
AMEX:BTCO AMEX:BTCW
HelenP. I Binance Coin will rebound from resistance zone to $320Hi folks today I'm prepared for you Binance Coin analytics. Some days ago price declined to the support zone, which coincided with support 2, and a few time traded near, but later bounced and tried to rise higher. BNB failed and made a correction to the trend line, after which the price made a strong impulse up to support 1, which coincided with the resistance zone. In a short time BNB broke this level and started to trades inside consolidation, where the price rose to the top part, but soon turned around and made correction to the resistance zone back. Price tried three time to rise, but only the third time it finally rose. But later BNB turned around and fell back to the resistance zone, where it continues to trades near the trend line at the moment inside consolidation. For my mind, Binance Coin will fall to support 1 and then rebound and start to move up in consolidation, thereby exiting from the resistance area. That's why I set my target at the 320 level. If you like my analytics you may support me with your like/comment ❤️
Bitcoin & crypto bouncing, time to buy?Bitcoin tagged the EMA 113 today on the daily chart and has bounced superbly.
Since the etf approval, Bitcoin has sold off. This did turn out to be a buy the rumor sell the news event.
Since BTC is bouncing does this mean its time to load to boat on crypto stocks?
I personally thin BTC/ Crypto has 1 more flush to the downside before a bigger move unfolds.
Im looking for a 50% retracement of the entire crypto market cap.
COIN Wedging on the DailyCOIN has pulled back really well into a tightening wedge. Defended the bottom and now up over 3% on the day. If you zoom out to the weekly, it bounced right off the 20 EMA as well. Great spot to look for a bottom forming and a break of the wedge. Will be interesting to see how much they're making from the BTC ETF.
$COIN Coinbase Double Bottom NASDAQ:COIN (Coinbase) has tested a double bottom at the blue line within a parallel downtrend. Below the 50 day moving average. The Stochastic Relative Strength Index (Stoch RSI) indicates oversold conditions. Currently, we are awaiting an algorithmic buy alert and a breakout from the parallel downtrend before considering entry into a long position