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CAUTION It's pretty common for BTC to have 20-30% corrections in a bull market and has been doing phenomenal with coinciding with previous run-ups. I believe this is the 4th or 5th correction to this magnitude. Things look pretty swell from where we came from this year and last and hope it can continue. We just had a crossing on the weekly MACD and things are looking ripe for maybe another push higher. RSI on the monthly cart is also declining from overbought territory. There was a similar run up and fall in price action and when BTC futures started trading on CME compared to the COIN listing recently. Regardless if you are HODLING forever or just trying to make quick movements in the price action of shitcoins it looks like we are taking a breather and could be something other than a correction. I'm remaining on the cautious side with everything else thats developing across world markets and in the US. That's all folks
BITSTAMP:BTCUSD
by moonman777
2
COIN (COINBASE) Options Trading Now AvailableInvestors got a new way to bet on the fortunes of Coinbase Global as options on the cryptocurrency exchange's stock started trading with healthy volume on Tuesday. About 22,000 Coinbase contracts traded by late afternoon, with puts outnumbering calls slightly, and volume should hit 31,000 by the end of the day Puts convey the right to sell the stock at a set price at a future date, while calls provide the right to buy it at a certain price at a future date. Coinbase recently went public in a high-profile direct listing on Nasdaq, where - unlike a traditional initial public offering - no shares are sold ahead of the opening. Trading volume in Coinbase options was robust but fell short of other popular stocks' options launches. For instance, Facebook's options traded about 360,000 contracts on their first day in 2012. Less than a week after the exchange's stock market debut on Nasdaq, Cboe Global Markets, Nasdaq, the Intercontinental Exchange and other exchanges launched trade in Coinbase equity options It's not fireworks," said Henry Schwartz, head of product intelligence at Cboe. "Still, volume isn't bad." For Coinbase, the lack of a lockup period, where a bar on selling stock can prompt investors to turn to options to protect their holding, may have taken away one source of demand, Schwartz said. Still, strong retail interest in Coinbase bodes well for the options. Following its launch last week, Coinbase drew massive retail buying, with over $100 million worth of shares, on a net basis, taken up in the first two days of trading, according to Eric Liu, head of research at Vanda Research. For Coinbase, the lack of a lockup period, where a bar on selling stock can prompt investors to turn to options to protect their holding, may have taken away one source of demand, Schwartz said. Still, strong retail interest in Coinbase bodes well for the options. Following its launch last week, Coinbase drew massive retail buying, with over $100 million worth of shares, on a net basis, taken up in the first two days of trading, according to Eric Liu, head of research at Vanda Research. SUPPORT- $290, $275, $250-$240 RESISTENCE- $305,$325, $350, $360, $380, $400, $450 Sector: Technology Services Industry: Packaged Software Coinbase Global, Inc. operates as a secure hosted bitcoin wallet to purchase and use bitcoin . It provides merchant tools that enable companies to accept payments in bitcoin by incorporating a single button. The company was founded by Brian Armstrong in 2012 and is headquartered in San Francisco Where will it list? Coinbase is set to go public on the Nasdaq under the ticker symbol “COIN” as a direct listing, meaning it isn’t raising new money, as a company would in a traditional IPO . Coinbase is the Nasdaq’s first major direct listing, with Spotify SPOT , Slack Technologies WORK and most recently Palantir all opting to directly list at the NYSE. Valuations? Nasdaq assigned Coinbase a reference price of $250 a share on Tuesday evening, which values it at over $65 billion. On Wednesday, Coinbase stock was indicated to open around $350, or 40% above its reference price. Coinbase, whose users primarily deal in bitcoin and ethereum , reported last week that its revenue soared 847% in the first quarter to $1.8 billion, and that it now has 56 million verified users. Leeor Shimron, an analyst at FundStrat Global Advisors, described the Coinbase listing as seminal. “Coinbase’s direct listing is a watershed moment for the crypto industry.”
NASDAQ:COINLong
by MavRich_Trading
1
COIN : STUCKCOIN is still stuck in the downward channel that it's been in for awhile now (atleast, from this perspective). It shifted upwards a bit yesterday, and is currently lodged underneath the 0.50 fib. The 0.50 fib appears to be COIN's heaviest resistance within the channel (and although COIN did break through the 0.50 fib temporarily twice before, it was rejected at the 0.618 fib just above). The 0.50 fib also hasn't offered much in terms of support when retested... it appears that most of the support is coming from the 0.382 and 0.236 fib levels. As with everyone else (I suppose) who might be considering COIN, I'm still keeping an eye out for some significant upward price action, or atleast something that resembles a price base. I discovered a fascinating horizontal at $291.11, but I'd obviously still need more before confirming anything. Who knows, it could be weeks before it stops dropping... or one day soon it could just start rolling uphill, while I'm still looking for a bottom, never to come back. No matter... for now, I'm still learning and having fun charting COIN. And my outlook on COIN is still long long-term. Enjoy! // Durbtrade
NASDAQ:COINLong
by Durbtrade
10
DOGE Revives 70% as Crypto Market Continues to Struggle-DOGE falls nearly 65% from high 
-Doge coin led the day in green while other coins continued to struggle 
-A Falling wedge is being formed on the 4 HR Doge has had a wild ride in April rising over 400%. The bullish rally has been halted as the cryptocurrency market continues its sell off. DOGE peaked at nearly $0.45 and sold off 65% at its low. The hype and euphoria surrounding doge only lasted so long. DOGE ended up flopping nearly 25% on anticipated 4/20 “Doge Day”. The price of Doge has been forming a falling wedge the past few days. This pattern is technically bullish and the buy would be activated on breakout of top trend. Major support to hold is $0.262, If the price can continue to respect this level, DOGE may have a try at its major resistance level of $0.318. The price action shows DOGE may be in for another fall as the falling wedge pattern usually has a minimum of 2 rejections on each trend. 
 When Doge coin fell from its high of $0.40, It couldn’t hold any supports created the previous week. The price was finally held up by the MA 100. This level provided strong support for the price of DOGE as it rallied nearly 70% off its low of $0.15. If DOGE fails to hold $0.262 it could be in for another fall to the bottom trend of its falling wedge. This trend is around the strong support area of $0.15. 

 While looking at the regular RSI, we can see that the strength is managing to trend upwards, although it can be signaled as a bearish continuation trend until the 50 level can break and hold. The Stochastic RSI is telling a similar story as the strength has topped out in the overbought zone. Once the blue line crosses below the orange, a bearish wave down is expected. 

DOGE intraday levels Spot rate: $0.272 

Trend: Bearish

 Volatility: High

 Support: $0.262
 Resistance: $0.318
by CoinGape
1