COIN is at a critical resistance level 🔭break of trend resistance zone/57.09 may lead to some parabolic breakout towards 100 🎯
Rejection here and break of 44.10, and we see downside to 33-35 🙈
Boost and follow for more 💙
COIN trade ideas
Has Coinbase topped out?Today something very interesting has started forming on the Coinbase chart. We have created a double top on our 4H RSI as well as created a higher high in price. This means a bearish divergence has formed that could send price back down. This also coincides with BTC being at a critical zone. It is possible BTC has also topped out short term around $24,300 or could have one more rally to the $24,800-25,400 region before topping out. Coinbase should follow suit to whatever BTC decides to do here.
If we do get a drop what should we expect?
We would want to turn old resistance into new support. This would be most powerful if we retested our downwards sloping trendline. We clearly see the moment price broke this trendline (labeled "breakout") and depending on how long it would take us to retest this level it would bring us to the 0.618 (~$52) or 0.786 (~$43).
Profit taking levels for coinbaseThese are the levels I am looking at. Take profit 1 2 and 3.
This is in relation to the Wyckoff accumulation case I made at 32 dollars. (search my history for it)
CoinRallyed very hard. I got in at 50.22 area and rode it to 55.60. I sold it out, it came back to 49/50 area and ripped to 60$ I missed that as I was focused on everything else rippin. Now that coin has reached an area for me of concern I’m not to worried I belive we will have more buying in time.
We are starting to reach some previous considlation zones of potential stronf reostance ranging from 63-67$
Now as we test this upper reostance zone I would
Be getting more catious and looking for our next dip buys.
Coin struggled at 55.60 for sometime so that could
Be a great support buy area.
That seems to be the most logical place for us to look at until broken. If that does break, the 50$ support is key key level to bid at but I’m not to confident it’ll get that low unless Btc rolls over hard.
On key thing we can do, is try to run fib retracments from this recent high to the low
You can also start the fib from the 78.19 high to the lowest price we just made. The fibs line up pretty closely so both way will work within 50 cents or so
The .5fib comes in at 55.13 which is where I would be a dip buyer potentially and the .618 is 49.60$ which is a key support buy to grab coin from
It is good to state, that running a fib from the 78.19 high the target on coin around 67$ which lines up with my analysis range of reostance from 63-67$ so keep this in mind for upside targets
Personally I’m looking for coin to find reostance here an reject back to 55$
I will buy many shares when it drops to 14 USD Only if cryptos will be around by then. This piece of shoot company has many problems and full of scam. I cannot understand why people buy shares when all the stakeholders ar willing to sell.
I have build a strong wall around 14 USD. Impenetrable.
Coinbase1 Day is candle time frame. $COIN was dipping for quite sometime and recently gave signal to buy
$GME Meme Basket: No ideaEnjoy the new GME basket. One stock was removed and was replaced with MARA a couple of weeks ago. I would've added APE as -APE in the formula that makes this basket, but Tradingview only allows up to 10 symbols to be combined into 1 ticker and APE is the 11'th ticker in this so...
Down to business, i have literally no clue what's going to happen.
imgur.com
Data says big downs, looks legit in my opinion. I have some reservations on what's going to happen so i'm keeping my eyes peeled.
In other news, FINV and GRAB are no longer in the data i'm receiving as of yesterday. No reason at all. I contacted TheOCC to see what's up with that.
Funnily enough, GRAB is IN the GME meme basket whilst another ticker called FIVN (Five9) is also in the basket whereas they removed GRAB and FINV(Finvolution). All timed perfectly with this auction error on open yesterday, all also timed perfectly well with when all of Opex Friday's volume was supposed to hit the tape yesterday but instead we got multiple chained glitches instead.
That being said, i have no idea where the market wants to move. TQQQ and QQQ are making huge moves in one direction whilst SPY is making big moves in the opposite direction. This flip happened before in Oct - December 2022 and now seems to be happenining again. I don't know what it means yet. I have no idea the direction we'll be taking. I need more data and more time. There's too many scenarios that could happen and it's impossible to pick the right one right now. We could start seeing volume on Friday due to yesterday's big OPEX volume having been FTD'd, we could see volume today from Monday's T+2 share settlement from option settlement... We could see T+3 share settlement or T+6 settlement into next week's Tuesday. We could see a move in around 33 days from now... it could be anything... So for now, i have no idea.
Guesstimate: Don't trade based on this. I think we'll have a short period of neutral trading as the flip between going short on one pair of Indices (TQQQ,QQQ) happens and shorts cover on SPY. Then we'll have a decent move up and then another move down. No idea about timeframes yet. This one is difficult to quantify. Obviously sideways for the market means downwards for GME, so... yeah.
Coinbase VS EthereumLooks like a pretty clear double bottom to me. I dont know the exact path or exactly how long it will take, but I expect coinbase to out preform ETH.
I also believe ETH will out preform BTC. So were talking gains that should be quite BIGLY.
Weekly bullish DIV on RSI stands out like a sore thumb.
Resistances are highlighted.
coin short more info$COIN has been stuck in a downward channel since 08/08/22. Thanks to its obvious symbiotic relationship with $BTC it is sitting at the top of this channel. Thank you jim crammer for that pump. Yet with the recent doubled top forming around this resistance of 57.33; then adding the selling pressure from the CEOs recents sales. As well as Surojit's separation, which includes a lumbsum payout as well as shares. Its time for a retest of the middle of this trend before we can see any more of a rally. With $BTC consolidating around 23k its my belief $COIN will take this time to come down for its back test. Call me a clown, but I put money on it.
Love a good channelShorting coin here, 50p with 2/17 exp. middle of channel is target around 40 dollars.
Coinbase - Topping Formation (intra Day)Coinbase is triggering a head & shoulder intra day. It has not confirmed but on the verge.
Downside takes you to $51
Chart will break out with spy easily to T1 if spy breaks upTest one if macro down trend is broken break out retest push. If not dump to the inferno long term the smiling sun
$COIN - Back to $300+ 6mBasically since early December, there's been been around $1 billion in $COIN swaps per day. Last time i saw something of this scale happen was with GME & XRT in August 2020 and again on Jan 4 2021 for the same symbols and even then, the amounts paled compared to what's being traded on $COIN.
TLDR: Buy COIN Shares or contracts 8 months out. Contracts over 6 months are preferred but less than 1 year. I expect a move to happen at around 6-7 months out from now.
The move will be in the form of "Crypto is a scam" all the whilst crypto is mooning now that FTX's leveraged short machine is gone & possibly the increase of Coinbase's customerbase due to the FTX collapse. At least that's what i think. Anyway, something's gonna happen that will be assigned as the reason why COIN pumps in 6 months. In reality it's already been traded and in progress by the big guys.
coin swing bullfrom a macro perspective, we think 2023 could be a great year for swing positions. one of the ones that really sticks out is $coin.
huge valid bull div on rsi.
just closed out the gap. this should run up for most the year.
should long and add on any dips.
Something is up!A bit too much too fast but who am I to question the Crypto Gods?
COIN has benefitted. I also heard somewhere there was an international pay-off using Crypto but sounds a bit top secret to me so I did not dig in to it (o:
No recommendation.
It can be a trifle funny when someone tries to be sneaky and the only one they are fooling is themselves.
Is Coinbase Leading Bitcoin?Coinbase had an epic reversal in todays session: a Bearish Engulfing Daily Reversal to be exact. Just like Bitcoin had a multiday rally Coinbase has had a great multi day rally.
Hitting the next support will be telling for Crypto. If we lose key support on Coinbase - Bitcoin Liquidity will likely be strained.
Coinbase needs to recapture the red trendline for any meaningful move to continue...unlikely.
Coinbase breaking out - Long COINAfter a terrible 22 bitcoin is again surging to the upside. Look for related stocks like COIN Coinbase to follow.
💾 Coinbase Global, Inc. | Cash Or Crash?Do we get cash or we get a crash?
Currently COIN is trading above EMA50 as well as above the low that was set 12-May-2022.
The whole drop between early December and early January is a liquidity hunt event.
The August 2022 downtrend has been broken.
New low hit ✔
Liquidity hunt ✔
Broken downtrend ✔
We are more likely to see cash and no crash.
Namaste.
collar on COINCan't lose from here. Hedging with options, bringing in a small income and protecting capital for the next few weeks FEELS like the best approach right now.
Coinbase Global Inc Pullback After fall of >80% and establishing relative bottom, we might see cycles like those captured in purple area.
In current scale of volatility the steep fib channels will break down the cycle into common fluctuations.
Rainbow Fib simulates demand and supply levels for estimating the reversals at particular price.
Coinbase - LOWEST WEEKLY VOLUME - Bull TrapThe weekly gapped up on the lowest weekly volume since April 2022. Moves without volume are suspect. At the same time of the spike, notice ADX just rolled over hard. NO TREND. The 4hr. is extremely overbought and the 1hr. has turned over. EXPECT A HARD SELLOFF in all crypto simp coins. The bull trap is set.
COINBASE 1DA Resistance $60.28 may be targeted for COIN 1D with first base zone of $40.75 and a position may take place for $44.72
