COINAtop h1 13/21 as well as h4 12/21, COIN looks ready to begin its ascent from range low to range high.
Plenty of gap incentive along the way. And with BTC continuing to trend higher, what's to stop it?
COIN trade ideas
Coinbase (Coin) Cup & Handle Breakout or Triple TopCoinbase has formed a beautiful cup and handle or is it a Triple Top.
If we get a bullish break and then retest around 115-116 on the daily, we should be set for 190 in the coming months.
However, if can be argued it has formed a local triple top.
Difficult to tell right now.
Fundamentally, I am bullish on Coinbase but price action dictates.
Momentum is on the side of the bulls.
COINCOIN bouncing from range lows, having filled gap at last Friday's 133.76 close.
One more gap at 124.72, but I'm not convinced it gets there, barring serious BTC weakness. It's also outside of range.
Continuation to upper bound of range, filling all gaps along the way likely imo.
CoinSo the idea worked out mint and we got a nice bounce off 130 area I took profits at 132. The overall pattern is holding still closer to the bottom end of it. First bounce is still within the downtrendinf channel
If we reject the flat green box reistance that’s 138
If we trend up to the downtrendinf reostance that is 139-139.20. For me a reclaim above 140 puts coin back into potential bullish territory to head up and retest the overal larger upper sloping reistance but for now we should respect the channel
COIN - Strong build to ATH
87 was the pivot on the multiple TFs. Inverse H&S pattern emerging.
Holding well into the previous high of 115. If daily tightens next week, watch for the short squeeze to 205 for the next move.
No position in this name but own other crpyto names - MARA and RIOT
CoinRising wedge breakdown shortinf to 132. I entered yesteday at 146 with stoploss 149 I’m holding postioning unless we reclaim above 145 this idea will be broke. For now should downtrend to 132 area
COIN chart with 20-dma and 50-dmaLow risk entry for COIN is at least at 20dma, or ideally 50dma which may never happen in a strong bull market
[COIN] Coinbase waiting the long spotI've been watching this stock for a while, and now with the BTC take-off and a soon crypto rally, this stock can be a very good way to ride the bull run like an ETF on crypto (with less % of potential gain but less risk too).
I will be watching the $110.0 level (and around) for a bounce back to the up side to take my swing long position.
Will keep updating this on the following days.
Great Trades !
Crypto Fakeout - Catastrophe in the MakingBoys and girls, we are witnessing a level of fraud that makes Gamestop look like a good idea.
Nothing has changed, I first published the bitcoin short on October 15th, 2021...
The outlook for "crypto currency" remains highly unfavorable.
Something to acknowledge: Since it's birth, following the great financial crisis in 2009, crypto has survived a lot of wild and wonky market scenarios.
However, what crypto has NOT proven, is the ability to survive a real life actual bear market recession. That said, during covid, we did get a glimpse of how crypto behaves when unemployment spikes higher.
Nowadays we have stadiums with "crypto"-whatever dedicated to the venue. Although this may seem like a promising / optimistic observation, my view is that it is simply a failure of regulatory authority.
LOL think about that.. fake money that is: unproven through a non-bailout / non-stimmy recession, is the naming convention for stadiums.... no matter how many fake headlines they pump, no matter how many teslas they recall, fraud is fraud.
Coin finally Topping?Coinbase looks to be finally running out of steam.
its almost turned negative today when BTC is making new highs up 4%.
Time to sell with this Higher high rejection candle.
COIN 140-150$ in summer 2023COIN 140-150$ in summer 2023, head and shoulders, i dont know wat say more, it's just my opinion
coinbase nearing the topThree touches on the upper trend line, look for a reverse in price soon. The price already rejected the price on the trend line today. RSI is showing that this is overbought and made a recent marginally lower high. I had a price target of $160 but a 141$ your within 88% of that target. Take some profits soon.
Coinbase Trading Volume Soars While COIN Stock Rallies Key takeaway
1. Coinbase experienced a substantial 62% surge in trading volume following Binance's $4.3 million settlement.
2. Blockchain analytical firm Kaiko stated that Coinbase gained market share, particularly outside US trading hours.
3. COIN stock rallied approximately 73% during the past month, reaching a high of around $137 as of December 1.
Coinbase Emerges as the Winner
Following the resolution of the Binance case, Coinbase, one of its rivals, emerged as one of the biggest winners. The Brian Armstrong-led exchange’s trading volume increased by around 62% month-on-month to $50.4 billion from the $31.16 billion recorded in October.
Prominent blockchain analytical firm Kaiko corroborated the surging volume in a recent report. It stated that Coinbase and Bybit have emerged as the main beneficiaries of the issues with Binance.
According to Kaiko, Binance has ceded some market share to Coinbase in non-US hours and Bybit across the board.
“Coinbase’s share grew the most outside of U.S. trading hours (14-22 UTC), instead surging in the middle of the trading day in Europe and the beginning of the trading day in eastern Asia,” analysts at Kaiko said.
COIN Stock Rallies Past $130
Amid these developments, Coinbase’s COIN stock rallied by approximately 73% over the past month. The stock’s value surged from roughly $80 at the beginning of November to around $137 as of the market closing on December 1.
The rally continues a year-long trend of COIN’s price performance outperforming flagship assets, Bitcoin and Ethereum. The stock’s value has increased by over 100% in the last six months and by 260% year-to-date.
Inverted Head & Shoulders with a Dash of Regulatory UncertaintyCoinbase has had a wild ride following the deleveraging of the entire crypto industry as well as the flight retail investors in 2022. The COIN IPO was essentially the current ATH for the crypto market.
Over the past several months, price has ranged and consolidated in a potential inverted head and shoulders pattern. Hallmarks of the pattern include an extreme low flanked by equal higher lows and a rejection of higher highs at a horizontal level. This neckline is often used as the long entry signal for the trade idea.
As with all chart patterns, a continuous descending volume profile is preferred but not mandatory. A volume profile such as this does not eliminate the iH&S trade setup but does decrease the overall likelihood of the trade.
Entry: a breakout above the neckline, on volume (>$74)
Exit: measured move and fib extension based on the depth of the pattern ($120-140)
Additional Exit: yearly pivot
Stop Loss: any lower low below the current shoulder (<$46)
Additionally, high timeframe Ichimoku Cloud shows a pending Kumo breakout possible over the next several months. The Kijun also acts as a stop loss level for any active long.
Any resolution of the current SEC lawsuit favoring Coinbase should help propel prices higher. Any perceived weakening of the SEC or attitude shift in the SEC's position on crypto companies in the US should also provide a bullish lift.
Coinbase fundamentals for incoming crypto bullrun..COIN 1000$+ !Dear traders,
for few last months, Coinbase stock is outperforming 98% of other stocks and 95% crypto projects (Bitcoin included). I personally love BTC, but I also know that Coinbase WILL extremely benefit from incoming crypto bull run and related incoming events, here is why:
- huge crypto bullrun is expected in next 24 months
- Bitcoin ETF is coming, actually pending on SEC approval (requests for BTC ETF from Blackrock, Vanguard and many more...these are the biggest financial players in the world)
- BTC ETF approval is expected very soon (beginning of January, Q1 at least)
- when ETF approved, huge money will flow to crypto, institutions and banks will be joining the industry
- crypto sector worksin 4yrs cycles and history is repeating - 2yrs bear market, 2 yrs bull market
- 2024-2025 is expected the biggest crypto bull run in history
- biggest financial instituions and banks will join the race
- crypto adoption will grow exponentially, retail and institutions included
- Coinbase crypto trading volume and fees from trading will skyrocket in next 24 months
- Coinbase quaterly revenues from trading and another services will skyrocket
- Coinbase benefits from current events around another exchanges, mainly on US market
- Coinbase is the most trusted US exchange with maximum legal compliance
- Coinbase stock is still trading 60% lower from it´s highs due to crypto bear period (2022-2023)
- Price of COIN is still far behing IPO price (381 USD)
- Everyone can see now that 2yrs crypto "winter" is ending and everything is becoming bullish
- Coinbase leadership is really great, Brian Armstrong has respect from everyone, pushing SEC to clear legal framework for crypto, realised solid spending cuts in last years, pushing crypto for fast adoption, mainly in US, UK, Canada etc.
- Coinbase made clear statement that is has no intention to relocate from US to tax heavens as others do
- Coinbase meets highers regulatory standards and is the most trusted US crypto exchange
When real crypto bull market starts, markets will behave irrelevant and HUGE gains will be made on everything in crypto. NO TA, indicatiors and other analytics will be needed when this happens during next months.
Coinbase golden era is coming.
My humble opinion is Coinbase stock at 1k-3k USD at the end of 2025.
BUY, HOLD AND RETIRE IN NEXT 2 YEARS.
Happy trading everyone and Merry Christmas!
$COIN- Key LevelsCoinbase NASDAQ:COIN broke out of the major multi month resistance level 115.07 and is currently sitting very close to the major downtrend line at 133.76.
Stochastic is overbought at over 95%, a healthy retrace and back test to 119.74 would launch the next run to 153.18 and 160.38. Ultimate target for this bull run to continue is 205.22.
Supports at 115.07 and 99.56.
Coinbase Announces MATIC And Bitcoin Cash (BCH) PerpetualsCoinbase announces support for Polygon (MATIC) and Bitcoin Cash (BCH) perpetual future contracts on Coinbase International Exchange.
Coinbase International Exchange on Saturday announced plans to launch Polygon (MATIC) and Bitcoin Cash (BCH) perpetuals futures contracts on the Coinbase International Exchange and Coinbase Advanced. The move comes as Coinbase’s international offshoot expands its crypto offerings amid the massive rise in trading volumes.
Coinbase International Exchange Launches Polygon And Bitcoin Cash Perpetuals
Crypto exchange Coinbase International Exchange in an official announcement on December 2 revealed support for Polygon and Bitcoin Cash perpetual future contracts on Coinbase International Exchange & Coinbase Advanced.
Users can start trading MATIC-PERP and BCH-PERP contracts on or after 10 am UTC on December 7. This marks an exciting move by the exchange to increase its perpetual contacts offerings.
Coinbase launched Coinbase International Exchange to allow non-US institutional investors to trade perpetual futures in May. Further, it gains regulatory approval to enable perpetual futures for eligible non-US retail customers in September.
CoinGape Media reported Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and Stellar (XLM) perpetual listing by Coinbase International Exchange last week. New offerings further give investors access to more crypto alongside Bitcoin (BTC) and Ethereum (ETH) among others that have been listed since the platform was launched to serve non-US customers.
MATIC price jumped over 3% in the past 24 hours, with the price currently trading at $0.807. The 24-hour low and high are $0.777 and $0.818, respectively. Furthermore, the trading volume has decreased by 20% in the last 24 hours, indicating a decline in the interest of traders.
Coinbase updateThe stock met my target and even surpassed it. It did so without any real hesitation after 105 I have drawn a trendline this is the top of the channel as i see it and it looks to be a point where we may run out of steam as you can see the 3d is oversold the daily has been oversold for a while. the minimum pullback/retest is marked on chart, but i would expect more like 105 as the bounce area. This will be my area for reentry
COINFlip 131 sets us up nicely in new range
Bears not feeling enough pain yet imo...
Inverse capitulation is real
The pump to fill all these gaps will be glorious
I can just see the headlines now... COIN best performing stock of 2023, COIN leads stocks higher to start 2024, COIN erases losses since 2022, etc
COINIt has come to my attention that we are going much much higher.
Perhaps mid of the whole move before end of year?
Plenty of gap incentive to take us higher.
BTC willing...
COINCOIN: Support 80 is holding. Under is 72 and LIS $61. Coin also has a high possibility of strong rally once the pullback concludes
COIN 4hr with consolidation and new uptrendCOIN 4hr with consolidation and new uptrend
Very strong volume and stock appears to have built a solid uptrend
