COIN bounce to $187Similar pattern as previous years. This huge drop in all the tech stocks will uptrend in Q4 after the previous drop.
COIND trade ideas
12 Wins in 13: Mastering the Weekly Breakout Strategy⚡ 12 wins in 13 trades on the weekly chart! That's right, I'm talking about a strategy that exploits the breakout of the previous weekly candle's extremes with impressive precision.
The logic is simple but powerful: I identify the trend direction with an objective approach, enter the trade after the breakout in favor of the trend, and aim for a 1% price move . The stop loss? Always set at the high of the previous candle.
Right now, I see this opportunity on the weekly chart of $NASDAQ:COIN. I will buy a PUT option as soon as the low of 146.11 is broken, with a target at 144.66 and a stop at 182.70 (the high of the previous candle). Once the low is broken, the trade will be triggered, following the successful pattern: 12 out of 13 trades have hit the target so far.
Have you tried applying such an effective strategy on the weekly chart? Share your thoughts , and let's exchange ideas!
Disclaimer: This is my objective approach to identifying trends using candlesticks, and this is not a trade recommendation . High-probability setups usually have lower payoffs , so risk management is essential . I recommend always running a backtest of the strategy to ensure it generates a positive expectancy, even with a lower payoff. Do your own research , and before replicating any idea, understand the principles and ensure it is replicable. Without replicability, a strategy cannot be properly studied or effectively used.
My levels to manage risks to bottom fishing $COINCoinbase's competitors:
1. Robinhood (HOOD)
2. Cash App (SQ)
3. Venmo (PYPL)
Barclays bank revised its stance on Coinbase on Friday, shifting its price target down to $169 from $206 but upgrading the company to “Equal Weight” from “Underweight.”.
COINBASE at the bottom of the 20month Channel. Will it go lower?Coinbase (COIN) has been trading within a long-term Channel Up since the first week of January 2023 (almost 20 months). Within this time span, it has seen 4 corrections with the latter being the longest as we haven't seen a new High since the week of March 25 2024.
Last Friday saw the week close on the strongest red 1W candle (-20%) since the 2022 Bear Cycle, as it failed to rebound on the 1W MA50 (blue trend-line). This on its own is a very pessimistic development, with the presence of only the 1W MA100 (green trend-line) remaining to offer support long-term.
However, this Friday closing made an exact Higher Low at the bottom of the Channel Up, something we hadn't seen since the June 05 2023 1W candle. That was the candle that completed the longest (until the current one) correction on Coinbase. Both Bearish Legs have similar declines (-47% then and -48% now). The minimum % rise of a Bullish Leg within this Channel Up has been +146.82% (two times).
As a result, as long as we close this week inside the Channel Up and ideally the 1W RSI remains above the 30.00 oversold barrier, we can expect a long-term bullish reversal on COIN with the start of the Channel's new Bullish Leg, with a minimum expectation being at $360.00 (+146.82% rally).
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Coinbase UpdateI wasn't going to post on Coinbase publicly for a while, but I wanted to give the haters something to agonize over. I remember when some were saying my Coinbase posts were way off and that price wasn't going to drop this low again. Welp, here we are, right in the area I called for. Still doubt EWT? If you do, this post isn;t for you and you should go elsewhere for an analysis over Coinbase as EWT is ALL I use.
Looking at the chart below, we have a 5-wave pattern that could be considered complete. However, I don't like how the mini-wave 4 shaped up. I expected it to be deep and long, not short and shallow. This makes me wonder if it is yet another a wave of C of (C). We have come very close to my target of $143-$140 though. Price hit a low of $146.12 before starting to move higher again. Not to mention the place in which BTC is in in its respective pattern. We have created positive divergence as of now as expected. Will it hold? We will find out soon enough. Those of you that get daily updates from me know that I have started to slowly build into a position, but only have 20 shares as of now. There is a small possibility that price drops all the way to the $125 area but as of now that is low probability. Nonetheless it is a probability that traders need to be aware of. If we can make another low as expected I plan on adding more shares to my portfolio.
Coinbase - ready for some pain?It’s make or break for Coinbase. $146 remains very important support. If we lose it then i expect we drop quickly to $126. Lose that, then we are in a whole world of pain.
I have a bearish bias on Coinbase right now. We are breaking out of an ascending wedge pattern and support was lost at the 0.75 Fibonacci Speed Fan. This was confirmed on Friday’s close. It could be a trap and we pop from here but probability suggests a drop. So I expect this to occur in the coming week or two.
If we get a bounce at $146 the trade idea is invalidated. Do you own research, not financial advice.
CoinbaseA classic September bear trap may be going on right now.
But if there is no closing above 200 usd and in the following months money does not start flowing from retailers.
So it will probably go down, the extreme target is a gap of 34usd.
Coinbase Global Inc (Extended Hours) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Trend | Time Frame Conductive | Daily Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Weekly Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Sell
COIN Short TargetBig dump on BTC and COIN today which is great for me. Now the question is where does it bottom? I've shared some targets, but this is accelerating quickly so I wanted to update that. I think the ultimate target is 114.43. There are some gap fills down there along the way, it probably won't be straight down.
It still has a way to go, but this is what I'd target for longer term puts. Not saying you should open puts here, probably not a great idea. I'll be watching BTC to see if it can hold 50k as well.
Coinbase GlobalJust a reminder to keep an eye on Coinbase Global's current trading price of $160. Last time we were at this price level, we saw a 7.30% gain in the stock. If it shows any bullish signs, such as a bullish candle, consider taking a long position.
Set your stop loss at $150 and your take profit at $210.
COIN Golden Setup Recap + NFP PreviewI recently posted an idea for COIN and GME, stating that those were some of the better trade setups I had seen. I thought they had a high probability of working so I made some extra content on these. They both worked out great, I didn't trade COIN super well, but the analysis worked.
I also review some other charts and talk about expectations for tomorrow.
Another possibility to join the Coinbase partyThis plan looks plum. Unless bitcoin doesn't spoil the party it can keep on flying.
Bull run is over for coin maybeIt has lost the support of the trend it had for last few months. Unless it breaks above this trendline I tend towards bearish for coin. I was having a feeling it will cross 350 and then turn bearish but the chart looks bearish to me. Stay safe guys!
Coinbase Stock in a running correctionCoinbase as issued have seen a tremendously sell off.
And ran up in a corrective manner. Currently we see probably the x-wave hit and move to the last zigzag up to 600 $ or higher. If not the golden zone should act as support zone.
$COIN is FINISHED! | SHORT ALL CRYPTODespite the best efforts of celebrities and juvenile CEOs, the crypto fantasy is coming to an abrupt end!
For those of you who have followed my crypto coverage (not many - lol), you will recall that I have been steadfast in my "short-crypto" perspective since posting the "Bitcoin top" way back on October 15th, 2021 - linked to this post.
Although we have seen a pathetic retrace, thanks to the obscene green new scam / inflation reduction act, my analysis prevails. This fantasy bubble is going to devastate financial institutions and private citizens alike.
Moreover, in addition to the disastrous inflationary policies of the current political administration, we have seen institutional financial entities increasingly involved with cryptocurrency in recent years. Specifically the ETF-ing of crypto, while presumed "bullish" by many, is actually the worst thing that could have happened for the crypto fantasy club. WHY? Simple: ETFs compete for return, amongst one anther. To that end, as the global economy slips deeper into recession, the fraudulent celebrity-pumped crypto bubble is low-hanging fruit; it will be plundered without mercy!
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Coinbase Global, Inc. (COIN) range idea | pre-marketThe labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an avoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on
Within a 100K account balance the split on trade & risk management = 1/10% - 1/20% margin as an execution range, to set up an order entry and select a per trade on average, to avoid any drawdown hit regarding to the stop loss & to execute risk on management specifics. Trail stop efforts are a focus of attention to the set up in general when volatile-price-action is involved, mainly because of the usage of an intraday-scalp-position tool on behalf on the trade plan in general
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# TREND | TIME FRAME CONDUCTIVE | Daily Time Frame
- General Trend
- Measurement On Session
* Signpost
* Support & Resistance
* Trade Area | Focus & Motion ahead
# POSITION & Risk Reward | 15 Minutes Time Frame
- Measurement On Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Coinbase Global, Inc. (COIN): Overall Consensus | Neutral
OTM Puts on COIN I think BTC might be late in a topping pattern and soon heading into the more obvious break section.
If so, then we should see COIN and co all slam hard.
COIN has a great bear case on its own merit. The 76 bull trap, the 61 break and now the 50 retest. Very much mirroring the signals of ETH.
If the BTC drop is going to come, it'd be very reasonable to see strikes 20% -40% OTM on coin hitting by the end of the year.
$COIN Proverbial Stock Chart, Must See!NASDAQ:COIN We extrapolate the COIN facts that we can foresee price growth in the over-splendid crypto arena, but today might not be one of the memorable. In-fact, it will be so boring for you today, that I created this funny, proverbial, metaphorical stock chart to depict, denote, and serve a connotation to your experience. We hope you enjoy this art.
Trend analysis, price movement. simple!
Coin zoomed in 250$Per request, and update on Coin but a little more zoomed in. You will note several inflection points colliding at my price target. The previous momentum trend (purple line), the long term red resistance and a fib all around the same area. This very strong pivot along with BTC bullishness signal the move. This is where I sold all of my Coin last time. Coin tends to front run BTC most of the time. I think we see this target again by Sept 5th.
-Short-term 250$ in two weeks
-Medium term 279$
-Long term (march) 350-400$
Coinbase (COIN): Anticipating the Next Big MoveNearly five months ago, we shared our last analysis on Coinbase, predicting a 30-40% drop.
And guess what? We saw a 40% decline. At that time, many were bullish on COIN and the broader crypto market, but we opted to wait and watch. In hindsight, this cautious approach was clearly the right move, especially given the higher time frame of our analysis.
Since then, we've climbed out of that zone, and everything seems to be progressing well. We're now looking for a 5-wave structure to the upside to complete Wave 5 and, consequently, the first cycle. Our target range for COIN lies somewhere between $286 and $412, but we believe the most likely range is between $290 and $325.
Currently, we have some swing positions open in cryptos, and we're not looking to enter Coinbase at this moment. However, either in the near or distant future, we plan to make a move. Specifically, our target for the big Wave (2) is the imbalance between $160 and $115, but it’s still a long journey before we reach those levels.
COINBASE - I really like the structure of this chartThe coinbase chart on the weekly is very clean.
The support and resistance levels are really defined and its creating a strong base for structure.
Coinbase has been range bound for over 5 months, which I like.
The longer the base, the greater the potential it has for very high prices when it breaks out.
And more important is coinbase has been in an uptrend for a year and a half.
I feel coinbase will have a short term pullback because the DAILY stochastic rsi is at oversold levels. (not shown)
I feel the pull back will take price down to the $192 area and find support there.
Price may even dip down to $161 to retest it as support. If it did this everything would still be fine.
When coinbase retests support between $161 and $192, then $283 will be its next test.
I feel $283 would be broken because of the way the stochastic rsi is positioned on the WEEKLY and 2 WEEK charts. (weeky stochastic rsi shown) Both are in oversold territory.
The price target after breaking $283 would be between $368 - $450 plus.
I set this target range between the all time high and the previous blow off top.
In the future, when coinbase reaches the yellow box, it should have a short term pull back.
Ideally it should retest the $283 level for several weeks before bouncing up and making another higher high.
I added a red line pattern of what this could look like.
