COIN for the yearThis is how i see it going, my time frame may be a little short but over all its going
COIND trade ideas
Coinbase Global - Btc = 63k from marchBtc = 63k from march
Btc = 63k from march
Btc = 63k from march
Btc = 63k from march
TradingView Post: Coinbase Climbs as Bitcoin Hits New HighWith Bitcoin breaking to all-time highs this week, the spotlight is shining the world’s largest cryptocurrency platform: Coinbase.
Bitcoin's Surge Propels Coinbase Despite Platform Hiccups
In the midst of Bitcoin's impressive third bull run, cryptocurrency trading platform Coinbase is experiencing both highs and challenges.
Bitcoin's ascent to over $1 trillion in market cap has boosted Coinbase's standing, with the platform witnessing increased user activity – propelling the shares higher.
However, the surge in demand has also led to disruptions, including displays showing zero balances for some users. Coinbase's ability to navigate and swiftly address these challenges will be crucial in maintaining its position as a leading player in the dynamic cryptocurrency market.
Coinbase: Key Levels to Keep an Eye On
Daily Candle Chart Analysis:
Coinbase’s recent rally has seen the shares surge past the December highs – forming a series of steepening trendlines in the process.
The shares have just completed an ABCD harmonic move – where the magnitude of the recent rally is equidistant to the Nov-Dec rally.
Key levels to watch on the daily candle chart include the two ascending trendlines and the broken resistance / turned new support area created by the broken December highs.
COIN Daily Candle Chart
Past performance is not a reliable indicator of future results
Weekly Candle Chart Analysis:
Elevating our perspective to a weekly timeframe unveils a broader picture of Coinbase's performance.
The recent rally has successfully breached a significant resistance level created by a cluster of swing lows in May 2021, providing ample headroom until the November 2021 swing highs.
COIN Weekly Candle Chart
Past performance is not a reliable indicator of future results
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COINBASE-SELL strategy weekly chartThese shares are not for the faint heart(ed). It is of course dominated by crypto and these are way over done as well. To SELL is should be seen as a strategy for coming weeks, as the decline will unfold and likely may reach a correction back to $ 150 handle.
Strategy SELL @ $ 225-250 and place SL (if one wishes too) above $ 290 and take profit at @ $ 165.
COIN EW Structure and Distant 200 DayCOIN has been running well and it might not be a bad time to secure profit.
Reverse Cowgirl Pattern appears to have broken down and run deeper than expected.
COIN Long Rally PotentialMost of my annotations are provided on the graph. I did this for fun, using information from various financial information and traders. Expect to see growth until earnings on Febuary 24. This is not financial advice.
📉 Coinbase Closed Red (77.99 Next)Just two simple points I would like to mention as the chart remains the same as in the previous trade idea:
1) The Irregular correction (3-3-5) stays the same.
2) COIN closed red both the 27th and 28th of February.
March 2024 Coinbase (COIN) and Bitcoin (BTCUSD) will turn red, big time.
👉 The correction target at this early date is expected to happen between 64.9 to 91.08. That is between the 0.786 and 0.618 Fib. retracement level for the entire bullish wave starting December 2022.
Namaste.
COIN is continuing its uptrend-Bounced from FIBO -0.27 and earlier liquidity POC and now aproaching buy zone 130-160 USD
-Sell zone is at heavy resistance zone 210-230 USD , FIBO -0.618 LVL, earlier liquidity POC and PRICE GAP
-Uptrend potential is 50%
COINBASE STOCK New Target $215 PIPS 6.6 Coinbase will go positive hopefully by tomorrow. Shows it will. 3 hammer closed candles.
ATR reads $215 and it’s currently at $200.56
Coin back to momentumCoin is back to the momentum trend line on a full bodied daily candle. My problem with this is that BTC just printed a bearish Dragonfly Doji rejection of the all-time high. We will need to see how the ETF inflows are today, if the party continues I expect volatile afterhour trading and then resumption of bullishness during normal trading hours because of the ETFs.
-256$ is my short term price target if BTC stays bullish
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 $285.00 Target. If however a 1D candle does close above the 0.786 Fib, we do expect the current rally to continue straight to the Target.
Notice at the same time the 1D RSI entering the 2023 Resistance Zone. This is an unnoticed key dynamic as the previous Higher Highs were priced after the RSI got rejected on the Resistance Zone and it entered back blow the 70.00 overbought barrier. Keep an eye for a timely exit.
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COIN to IPO pricesCoin unreasonably cheap, can return to IPO prices with fundamental and technical headwinds.
Coinbase Long Halfway to TPWhat a trade. NASDAQ:COIN
Coinbase currently holding the 200$ level and just retested. With the momentum it has, I won't be surprised if we go straight up to 300$ in a few weeks with no more retests to the 200$ level.
DON'T FADE THE MOMENTUM. The cup and handle pattern would bring Coinbase up to 800-900$.
GM.
$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.
Coinbase's trajectory may continue to soar alongside the surgingCoinbase's trajectory may continue to soar alongside the surging interest in Bitcoin.
Next resistance around $240 (61.8% Fibo level)
Avoid blocking the entrance while the entire world pushes through.
$COIN Tennis ball action after earnings - LONG!Observe the tennis ball action on NASDAQ:COIN based on Mark Minervini's tennis ball action. High and higher volumes after earnings. LONG! DYDD
How to balance Crypto and Stock exposure2 year plan for the stock position.
NASDAQ:COIN for crypto exposure
NASDAQ:QQQ for tech exposure
Credit goes to @DegenSpartan
Possible Head & Shoulders on COINIf Bitcoin pulls back off the recent rally it will trigger a sell off in Coinbase!
COINBASE(COIN)/BTC CorrelationIn the past months investors have been watching carefully the recovery of Coinbase as one of the biggest partners in the financial industry as crytocurrencies seem to recover from the last downturn. Many investors, traders and fans of crypto have been watching with a lot of hype the launch of the ETFs; which hasn't resulted in what most of them expected: a massive bull run as these instruments got green light from public authorities.
Cathie Wood's ARK investment instruments have been continuously dumping Coinbase shares in the last months, possibly to balance the holdings of the ETF ARKW(ark-funds.com), and the crypto-exchange shows 2 interesting things: certain degree of correlation with BTC and extraordinary earnings.
However the last earnings should have been fuelling this stock but they didn't due to weaknesses in their fundamentals and tough valuations with shallow price targets. If done carefully, COIN can be used to track small spikes in price and short trends in BTC and ETH. The future could be promising for Coinbase, but from a macroeconomic standpoint we are not out of the woods at all.
My observations tell me that the markets like to be bearish on COIN, but for short term wave riding, it could be worth it - just make sure you have appropriate risk management when doing so.
[Coinbase] bullish- golden cross between MA50 and MA100
- MACD bullish divergence
- end of cryptos bear market
COIN- Looking nicely BULLISHAS BTC crosses 38k today COIN may be faced to also see gains in share price. There have been several harmonics to support the move and the RSI is on a tear. Target here could move quite quickly over the next few weeks. BTC has a history of doing things around holidays and especially X-mas and so COIN may be poised to reap the benefits. I do expect to see some possible resistance/ retracements on the way up- noted by yellow lines. The 1st yellow line may be the most resistive. Outside of this looks like a clean shot if we proceed above it.
COIN - Lots of profits to be made - beautiful algo confluenceThis can break out of our controlled selling algorithms any day - especially as we started to see sell-side tapering via our teal algorithm on Friday.
Look for Yellow strong buying channel to activate and break us out of the magenta/purple/teal algorithms which will lead us to a retest of highs at the $180-$185 level.
We will be trading this today live on the stream if the opportunity presents itself - we have some clear levels and things we're looking out for and we don't want to miss this one.
See you there!
Happy Trading :)
Coinbase Cup and Handle PatternNASDAQ:COIN looking like its ready for a nice move with a clear cup and handle pattern
