Coinbase Wyckoff Accumulation. SPRING in play?We will find out shortly.
The bear case: Coin goes to zero, after the US authorities pull on some threads and we unwind some massive criminal activity between the inner dealings of DCG - GENESIS - COINBASE - SILVERGATE - FTX - etc etc etc....
The Bull case: The bear case above is the overhanging Fear Uncertainty And doubt which is being amplified by the market maker so that he can scoop the final remaining shares. Within days we should see the beginning of a rally which should be relentless in its pursuit of reaching 115 dollars per share. Many will take this opportunity to sell at break even, or a slight loss from previous purchases (the remaining supply is absorbed by the market maker) Once this final supply is absorbed, we will see the market drift higher. People will ask, how was coinbase ever valued at 32 dollars per share??? how did the market dislocate so much and provide the opportunity for a 10x in such a short period of time?
The market often over corrects just as much as it overshoots, providing great opportunity. Is this a case in which this has happened? or is coin really going to zero?
We must dig deeper to understand. However, I am not here to do your homework. So do it yourself.
Here are some hints though.
USDC
LSD
SUBSCRIPTIONS
Furthermore we must admit that coinbase has:
Pricing power
Trust
Assets backed 1-1
I, Like my perceived market maker, have been accumulating at any price below 70 dollars, I would thus argue the market maker may not in fact be a single person, but rather a collective of people like myself thinking similarly. We take the risk when few others will, and for this we stand to profit more than usual. Or go broke.
COIND trade ideas
SHORT SETUP FOR COIN I will short COIN until 61.66 area!
The trade is very simple, we have a trend, we have a resistance and suport zones.
✨ NEW: COINBASE ✨ EQUITIES: COIN (100m) ✨TP3 @ 76.85 (close ALL Buy Orders)
TP2 @ 70.95 (shaving 25%)
TP1 @ 66.50 (shaving 25%)
BLO @ 60.10
00:00 Shout Out to @Casey_Louis
00:41 Curve Analysis
02:03 Buy Limit Order
02:18 Take Profit Levels
02:43 TP3 Below the Novice Gap
03:43 Curve Analysis II
04:02 Boost, Follow, Join, Comment
Coinbase exchange. Will rise from the ash. Soon will expanding to 6+ countries. Opening derivative exchange in Bermudas. Open L2 solution on Optimism - Base. Whats will happen with the next new ATH? 1000$.
$COIN headed up to $100+Think we're about to see the crypto market turn higher. NASDAQ:COIN should be a major beneficiary of the higher move.
The lowest I see NASDAQ:COIN going in the near term is $44, but we also may have bottomed and earnings could send the stock much higher.
Think we're likely to see the first target of $108 get hit, then think it's likely to hit the $150ish-$160 for final targets for the move.
This should all play out before July. Let's see what happens from here.
coin to moon)although earnings prediction is not the precise one, for a long run after earning awaiting it to increase as an good investment for now
COIN bullish in a short termI think we can easily reach the 57 lvl, but also we can reach 60 lvl...
Entrance= Open price at 04/31/2023
Target= 57.52
Stop=53.81
Is COIN correct on offshoring their operations?Coinbase appears to be getting crushed due to the unpredictable nature of Bitcoin volatility. How much there is any form of long-term upward trending, COIN is a company that needs to be questioned as a long-term hold. There are various lawsuits targeting this company but to be fair, the CEO and founder are correct about U.S. government regulation on crypto. The issue is when you are offshoring new crypto institutional exchanges, their intended institutional customers will question why this is happening. It would be looked upon as another potential FTX scam. Over the long run, this may hurt the company more versus the immediate returns they seek.
Coinbase Earnings due. Will it gain or lose 40%?Tricky position. Lot of FUD circling Coinbase with increasing Government regulatory attention. With earnings due in a couple of days it will be interesting to see if it rallies 40% + back up to its previous resistance area or perhaps just as likely, drop another 40% back to its recent low.
One to watch either way. Best to wait for confirmation.
COIN 5223What an absolute Sh!t coin stock. I told ppl TWO months ago this was coming , cash out of COIN and go all in on MSTR or Bitcoin. and was laughed at and ridiculed as "noob trader" HAHA who's laughing now? My coin short is. Closed part and bought more spot BTC and silver
Keep buying crap assets. Keep gettting crap prizes.
Have fear if you own COINBASEAs we analyze the 4 hour chart of COIN I continue to see downside... We have broken out of our main channel (the blue channel) and now inside the downtrending channel (white)... Since then we have only seen downside with very little upside.. if there is any upside within the white channel we have seen it collapse shortly after. I have drawn fib levels for COIN finishing up the Wave 2 and it seems that is correct and now on the path of the bloody Wave 3. We should continue to see more downside for the coming days...
COIN going to get squeezed downRight now Coinbase sits in the bearish territory along with the Ichimoku Indicator pointing at momentum to the downside also. COIN is in a position right now on the 30 min chart to either pop out of this zone to the upside or downside, which I have highlighted with the horizontal white lines. I see this getting slammed next week to the downside and could see a good play for Puts to be put in.
COINBASE Stock Chart Fibonacci Analysis 042723Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 54.5/61.80%
LONG $COINI am seeing a good set up for a long on $COIN. It has a inverted head and shoulders being set up on the larger time frame and this current set up will take it to the neck line.
NASDAQ:COIN recently came out saying they may move out the U.S because of regulatory uncertainty.
Coinbase (COIN) Daily Price TargetsHey traders,
Looking at the daily time frame of Coinbase (COIN) we can see a setup for another test of $80.
May 2022 Bottom with the wick down that created the low we hit at the start of 2023, so that was the switch of direction to the upside or bull market, whatever you want to call it. We aren’t going lower than that point and now we should start looking for upside targets. (it won’t go lower unless the company completely goes upside down)
Anyways, we are looking pretty solid here right under the $ 60 support and have great potential to move upwards to $ 80 and possibly above. There’s a gap down from $ 80 that will fill, it’s an inbalance in liquidity and is inefficient.
Coinbase is also gearing towards becoming profitable and posted positive earnings last quarter, if they can keep this up with clear crypto & government clarity, Coinbase is looking bright.
The $ 145 - $ 150 levels I have marked are the levels that will be tested in this next cycle. So if you’re looking long term, that’s not too shabby to hold.
As always please do your own research, this is not financial advice.
COIN Big Bull#coin if can create Bullish harami cross on daily chart and closed above 57.5$, will see target : 61-63$
COIN daily chartI like this one for red to green tomorrow. I was expecting a bounce on it today to retest the broken trendline, but I was dead wrong another sharp sell off. Selling pressure is very strong on this one and we are really extended outside of the lower Bollinger Bands, in oversold conditions. Can't see us going much lower than 51.78which is my final support zone to bounce this thing back up to at least the 9EMA. Would love a wick down to that level for a quick bounce play/red to green candidate.
Coinbase long off high time frame swing tradeI am using a trend analysis approach looking at the high timeframe reversal identified by the head/shoulders indicator. Skill level=intermediate so all criticism accepted and any questions of course..
COINBASE's Downward Zig Zag PatternOur Pattern Piper recently flagged this downward zig zag pattern from USD/JPY to closely resemble Coinbase's downward zig zag pattern. What do you think?
COINBASE/ Downward Zig ZagOur Pattern Piper found a downward zig zag (USD/JPY) to closely resemble Coinbase's downward zig zag. What do you think?
Self explanitory incoming short squeeze.Coin short sellers can suppress price in the short term, but they do not have enough money to suppress the broader crypto market.
So long as the rest of the market moves up, Coin will follow. Leaving short sellers scrambling to exit positions.
With over 20% of the float sold short there should be massive fireworks.
This could be a home run.
COIN - Love it or hate itWhat a beautiful Friday morning!
It's been a while since I covered coinbase here, and back then the situation looked a lot worse than it does now.
I read other articles about coinbase on here, and it seems that investors either "love" this stock or "hate" it. I supsect that many traders got burned trying to catch the bottom in this stock, and average retail investors probably invested in this company where it traded above 300$.
The funny (and sad!) thing here is, this company went public near the absolute top of the last bull run and got valued at NEARLY 96 BILLION DOLLARS. I still remember these times, and it was as clear as day to me back then, that this company was massively overvalued to the point where it didn't even cross my mind investing in this stock
I recorded a detailed video with our counts in multiple timeframes on our YouTube channel, but tradingview does not allow me to post the link here directly, so feel free to check out our channel.
Regarding the count, I currently estimate that we formed a first bullish wave (1) – wave (2) since the all-time-low at 31.57$. The count on lower time frames is sometimes very difficult to count, and I am not going to publish these as long as we don’t have a confirmed wave (3) in place.
To finish things up, the price reached our blue retracement zone and since the last minor low at 50.81$ the stock could manage to jump by more than 30%. Please keep in mind that coinbase is an extremely volatile stock and adjust your position size accordingly.
Enjoy your weekend, we are going to update Bitcoin & Ethereum this Sunday.
COIN - Potential Upward MovementCOIN is refilling at demand zone and about to bounce back up. Exit at 3rd supply zone
