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..
COIND trade ideas
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
COIN gearing up for near-term runThis is a play on the daily momentum that leads into an earnings run up on $COIN.
Daily momentum is setting up to reverse to the buy side, with earnings roughly a month away, I believe we will see NASDAQ:COIN ride the recent crypto hype into into a run up before earnings.
Contrasted against RSI we also see a sharp rise the last few days, supporting a push to the buy side.
I don't believe it will be enough to break NASDAQ:COIN through the daily/weekly resistance zone, and I do suspect that we'll see NASDAQ:COIN bounce back below the resistance zone.
NASDAQ:COIN has historically run up a bit before earnings, and dropped the days following.
I'll be holding shares long and look to dump about two days before their next earnings.
Even with strong earnings on their next report, I have no doubt that we'll see them report a loss for the quarter.
I will look not be looking to hold shares through earnings or ride the resulting volatility afterwards.
Incoming drop off on $COINWhile I'm ultimately looking for a move to upside on COIN $100+, I think first we need a pretty substantial little pullback (like with Bitcoin), to collect these MA's a bit more under the price.
💾 How Is The COIN Chart Looking? Bearish or...The shakeouts, the attacks, the FUD couldn't do much to stop Coinbase from growing... The chart is pointing up.
✔️ Today COIN starts above EMA10 | Bullish
✔️ Volume starts to increase | Bullish
✔️ The chart is showing a long-term bull flag | Bullish
✔️ The RSI goes above 50 | Bullish
✔️ The MACD stays above zero | Bullish
✔️ Yesterday's session closed as a full green candle | Bullish
The chart is pointing up...
Invalidation comes in a close below 50.
Any trading above 50 and we continue "Bullish" on the Coinbase COIN stock.
Namaste.
Coinbase Possible Long positionThis looks like a good support level for coinbase on the weekly. Betting on it heading up to the pivot point this year. Let's see.
Cramer's bad calls are legendary!Seriously.
If he says buy it, short it to zero.
If he says short it, buy the hell out of it.
Coinbase (Will it thrive in the time of uncertainty?)
View On COIN (5 Apr 2023)
COIN is in
* Neutral in short term
* UP in Mid term
* Beutral in Long term
Coin is in the big swing mode the whole CEX (Central exchnage) industry is going thru future uncertainty.
I am seeing some minor bullish structure in tact and of course they are yet to unfold.
I will be in Neutral/Slightly Bullish mode for now.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
COIN PUT SALE Doing ANOTHER put sale on coin. I REALLY do not mind owning 1500 shares of coin at $47. Buylow, sell high. Especially when you get paid to do it? ;-)
Bullish Shark Pattern on Coinbase Coinbase looks bullish with a trendline breakout and a bullish RSI divergence. A push towards the 190 USD levels is possible to complete this Shark Harmonic pattern.
COINAfter seemingly bottoming out at 30 lows, COIN has range highs at 80s. It also has an unfilled gap at 77, for added confluence. It does have unfilled gaps at 63 and 59 as well, which would be great buying opportunities if we revisited those levels. Ultimately, so long as it holds above 55 I will retain my bullish bias, targeting 77/80s next.
$COIN headed to golden pocket at $116$COIN building support at the .236 and looks like it's headed to the golden pocket ($116 - $158 level). I'm super long and $110 - $120 seems like a good area to start taking profits, it's the bottom of the golden pocket and also the August 2022 high. Many will doubt this move, but imagine how $COIN reacts to BTC hitting mid 30k - 40k by May. Yeah, this thing is primed AF IMO>
COIN - Reverse H&S Forming. Massive Upside if/when Reverse H&S forms, potentially b/c SEC/CFTC losing case in court AND/OR BTC rallying significantly on some of regional banks biting the dust.
$COIN Coinbase holding the levels it needs to NASDAQ:COIN
If you watch Bitcoin you need to watch Coinbase as well.
If and when Bitcoin breaks resistant levels, this one will move as well.
lots of upside with this being towards the bottom of the range
Gamble Here on 3-31 Calls for Coinbaseelastic price movements in a bullish cycle give asymetric risk vs reward potential to short dated calls.
COIN could trampoline back up to $75 next week.
COIN Support & Demand ZoneCoin has bounced off the $6.5 or so demand/support zone several times and it looks like the bulls won’t let this break. Have some solid open interest on the $64-65 weekly calls here too. If we close above this support I think we see a minimal bullish push to $65-67
COIN 32423COIN looking like it wants to retest the bottom of the range. Cathie Wood about to get annihilated. SHould have held that TSLA or put that money in MSTR instead of COIN
