Get started

Stockexchange

Beyond BTC - Why Coinbase (COIN) is a Long-Term Buy?As a trader, I'm always watching the markets, but building long-term wealth is also key. That's why I'm digging into assets like Coinbase (COIN) . While my day job is trading, Coinbase has definitely caught my eye as something portfolio-worthy for the long haul. We might have missed the IPO buzz back in 2021, but looking at where Coinbase is headed, I think we're still early in a massive growth story. Don't let short-term crypto ups and downs distract you. Coinbase is playing a long game, and here's why it's a smart long-term investment - CEO Brian Armstrong's Big Vision (and Big Numbers): Already a Financial Giant: Think of Coinbase as a bank or brokerage – it's already HUGE. It's as big as the 21st largest US bank by assets ($0.42 trillion!) or the 8th largest brokerage. This size matters. Going Global: Coinbase isn't just focused on the US. They're expanding worldwide to grab new users and markets.   Becoming Your All-in-One Financial Hub: Forget old-school banks. Coinbase wants to be your single crypto-powered financial account for everything – payments, investing, and more. This is where finance is heading. Token Powerhouse: Crypto is about more than just Bitcoin. Coinbase wants to list every token, becoming the go-to place for the entire crypto universe.   Blending Crypto Worlds: Coinbase is smart – they're linking up with new decentralized crypto systems (DeFi) to give you the best of both worlds, easy to use but with more options. Working with Regulators: Coinbase is playing it smart, working with governments to make crypto safe and trusted for everyone long-term. Massive Crypto Payments: People are using crypto to pay – big time. $30 TRILLION in stablecoin payments happened last year alone. Coinbase is ready to cash in on this payment revolution. Why This Matters for Long-Term Investors: Crypto is Exploding: Everyone knows crypto is going to get bigger. Coinbase is in the perfect spot to ride this massive wave. Big Money is Coming: Big institutions like banks are starting to invest in crypto. Coinbase is built for them – safe, secure, and ready for big players.   Coinbase is the Brand You Trust: Coinbase is the big name in crypto. People know and trust them, which is gold in a new market. Bottom Line: Coinbase isn't just a trend; it's building the future of finance. Yes, crypto is bumpy, but for the long haul, Coinbase is positioned to be a winner. Now let's get technical and have a look at what the charts are saying - Uptrend is Clear: Forget short-term noise – this chart shows Coinbase has been on a solid climb since late 2023. There's a strong bullish structural break which indicates the trend has shifted up after a short bearish run. $350 is the Line in the Sand: Think of $350 as the ceiling right now. The price hit it, and we saw some selling. Gotta break above $350 to really see the bulls charging again. $225-$250 is the Safety Net: On the flip side, $225-$250 is like solid ground. As long as we stay above that, the bull run is still in play. Just Taking a Breather: Right now, the chart says "consolidation." Think of it as Coinbase catching its breath after a big run. This pause can be a good thing – building up energy for the next push up. RSI is Neutral for Now: The RSI thing is the 50% level. Not screaming "buy" or "sell," just saying "wait and see." After showing us bearish divergence we are likely to see oversold conditions within the current range - if that does happen it would be a good time to strike. What to Watch For (Trader Style): Breakout Above $350 = Green Light: If COIN blasts through $350 with some volume, that's the signal to jump in long. Think higher targets. Stuck Between $250 and $350 = Range Trade Time: If it stays in this range, you can play the range – buy low, sell high within the range. But be ready for a break either way. Drop Below $250 = Caution Flag: If we crack below $250, that's a warning sign. Might be time to get a bit more defensive. Final Notes: Coinbase looks good long-term, but we're in a "show me" moment right now. Watch those key levels – $350 and $250. Patience is key, but the chart is set up for a potential bullish move if we get the right trigger. If you're looking to invest for the long-haul, now would be a good time to add some shares to your portfolio. Important Disclaimer: Please remember, I am not a financial advisor. My analysis here is based on my personal research and is intended for informational and educational purposes only. Before making any investment decisions, it is essential to consult with a qualified financial professional who can provide advice tailored to your individual circumstances. Investing in financial markets, especially in assets like cryptocurrencies and related stocks, carries significant risk. There are no guaranteed returns, and it's crucial to understand that investing is not gambling. Strategic investing involves thorough research, careful timing, and a clear understanding of your own risk tolerance and investment amounts. Always conduct your own independent research and due diligence before investing in any asset. NASDAQ:COIN COINBASE:CBETHUSD COINBASE:CBETHETH COINBASE:CBETHUSDC OANDA:NAS100USD
NASDAQ:COINLong
by Apexfx_Alpha
Books on trading and Profitunity strategy by Bill WilliamsIn this article, I will share books that were useful for me in the process of studying trading and the Profitunity trading strategy by Bill Williams. Bill Williams "Trading Chaos 1 and 2" ♡ The first and third books by Bill Williams contain complete and up-to-date information on the Profitunity strategy. The second book "New Trading Dimensions" is intermediate and less relevant. The book Trading Chaos 1 includes trading psychology (an integral part of trading), the basics of understanding the markets, candlestick patterns (divergent bars and determining the trend based on a pair of bars, the market facilitation index, volume and squat bar), Elliott waves (characteristics, determining waves using the MACD 5/34/5 indicator, an analogue of the modern Awesome Oscillator, and the Fibonacci ratio), fractals, trading in waves (impulses 1-3-5 and ABC correction). And also very important topics — how to work with your internal structure and how our brain functions (Chapter 11). The book Trading Chaos 2 (co-authored by Bill Williams' daughter Justine Gregory) includes a description of the Alligator indicator in combination with the Awesome Oscillator, divergent bars and fractals. And also tools for working on yourself - morning pages (Chapter 13, from the book by Julia Cameron "The Artist's Way") and autogenic training for traders by Johannes Schultz (Appendix 3). Tom Hougaard "Best Loser Wins" ♡ The book greatly expands the perception of markets, the approach to trading and deeply describes the psychology of trading. The book was first published in 2022 and perfectly complements the books by Bill Williams. John J. Murphy "Technical Analysis of the Futures Markets" A basic book on classical (linear) technical analysis, which also contains up-to-date information on Elliott Wave Theory in addition to the corresponding section in the book by Bill Williams "Trading Chaos 1". Alexander Elder "Trading for a living" (How to Play and Win on the Stock Exchange) A book on the psychology of trading and classical chart analysis, includes a detailed description of popular indicators and a description of the basic strategy "Three Screens" (analysis of the chart on the senior and junior timeframes), as well as an important topic "Risk management". Steve Nison "Japanese Candlesticks" A basic book on classical candlestick (bar) analysis. Thomas DeMark "Technical Analysis - a new science" Constructing trend lines based on the support price minimums and maximums described in the book led me to search for an indicator that displays such bars, as a result, I first became acquainted with the Bill Williams Fractals indicator, even before I became acquainted with his strategy. Theodore Dreiser "The Financier" ☽ A novel published in 1912 based on the life story of the American millionaire Charles Yerkes (1837-1905). The book shows how the financial and economic environment surrounding the main character (Frank Cowperwood) already from childhood forms in him the psychology of a businessman and stock dealer... Robin Sharma "The 5 AM Club" ☆ This book is not about trading, but about healthy habits. But for me the book became useful, including in trading, because I made the following conclusion for myself - it is important to rest (take breaks) every day, and not only on weekends and vacations. And it is worth starting with the fact that after waking up there is free time (about 1 hour) before business activity begins, i.e. either wake up earlier, or move all things forward, so that you can start your day easily. And taking breaks in trading is very important, so I recommend paying attention, for example, to the algorithm for removing limitations using neurographics. (◉ ‿ ◉) There are many good books, as well as good strategies, but I am sure that only independent deep study, practice, good concentration and self-control will allow you to find your own understanding of the markets and your own approach to successful trading.
CME_MINI:ES1!Education
by grigorykov
1
$HOOD FINDS FOOTING AMIDST BULL MARKET$HOOD:1D Long-term Fib Retrace from ATH. Short-term Fib Extension from January 2024 lows. Top indicator = Relative Strength Index (RSI) Middle indicator = On Balance Volume (OBV Oscillator) Bottom indicator = Directional Movement Index (DMI) VWAP from highest high (yellow) After coming out of a protracted, multi-year basing (blue), upside price momentum looks to be waning with bearish price to RSI divergence (violet) forming on the 1D time frame. NASDAQ:HOOD volume flows as measured by on-balance-volume (OBVOSC_LB, middle indicator) are extremely constructive and posting historically high levels from price inception at initial IPO. Given the strength of the bullish trend as measured by the directional movement index (DMI, bottom indicator) price is well cushioned to withstand a pullback and remain positively trending. EWT counts are speculative and intended as a theoretical guide rather than an absolute path. The 3rd wave up could have the momentum to reach the 1.382(22.51) before meeting an increased potential for pullback into the 4th wave. The VWAP from ATH (yellow) is roughly in confluence with the 0.786 (15.81) and provides an impulsive shelf of support for a retrace as long as price were to consolidate above these respective levels. The next level of downside support would be the 0.5(13.57) price level and while a breach of this particular level would not invalidate the count by dipping below 2 (10.38) it would invalidate my thesis and close the trade. Upside price target for a 5th wave would be a 23% move to the upside with consolidation above the longterm Fib level of 0.786 (23.54) by end of July 2024. The secondary, 'reach target' sits 41% percent above current levels at the short-term 1.786 (27.00) Fib level. I would like to see this 1.786 (27.00) level taken out before end of November, 2024. NOT FINANCIAL ADVICE.
NASDAQ:HOODLong
by Firewalker_Charts
Is the Tadawul All Share Index (TASI) overdue for a correction?The Tadawul All Share Index (TASI), which tracks the performance of all stock listed on The Tadawul, has recorded a 30.34% increase since the beginning of 2021. However, the TASI is sitting at a peak level, which appears to be a repetition of the previous boom and bust cycle. The TASI was in a comparable position in late 2014 and late 2007, before wiping out more than half its value over the proceeding months. If past performance is any indicator, the TASI might be overdue a correction. About the Tawadul The Tadawul (TADAWUL) is the only licensed Stock Exchange in Saudi Arabia, the largest Stock Exchange in the Middle East, and the twelfth largest in the world by market capitalisation. According to Statista, The aggregate market cap of the 200 companies listed on The Tadawul is approximately US $2.6 trillion (July of 2021). Contributing to an outsized portion of The Tadawul’s market capitalisation is Saudi Aramco (TADAWUL: 2222), the fourth-largest company in the world (market cap as of Sept 2021, US ~$1.9 trillion). Perhaps unsurprisingly, a vast swath of the listings on The Tadawul are companies concerned with crude oil and chemical products. Saudi Basic Industries (TADAWUL: 2010) is the Exchange’s second-largest listing, with a comparatively modest market capitalisation of US $99 billion. Financial institutions and banking groups help to diversify the offerings of the Stock Exchange. The Exchange’s former largest listings, Al Rajhi Banking & Investment (TADAWUL: 1120) and Saudi National Bank (TADAWUL: 1180 ), are currently the third and fourth largest with market caps between US $70 and US $80 billion.
TADAWUL:TASI
by BlackBull_Markets