COIN - Double TopDouble Top leads to a bearish move below the curved trend line, possibly moving to the lower red trend line
The curved trend could recover if price acts aggressively from the lower red line
4Hr Chart
COIND trade ideas
The end of investing is here. Post-scarcity world economy beginsPost-scarcity economy is coming. No currency nor value in the future. Money is creating havoc in this world
of competition and its coming to an end. Cost of living is free in the coming future so investing is a big
waste of time and resources. As you can see the motivation in the markets is dying. Debt can no longer
support the world economy any longer. The world is changing to save ourselves from extinction.
No currency No investments No competition creates equality and richer lives with deeper meaning.
There is no future if cost of living continues to rise and climate change affects global health and stability.
A brave new world is about to happen and millions of wealthy people will not like losing there status.
Enrich your lives and focus on reflection of ones self. Life is meaningless as a slave to cost of living.
The End of value creation to promote wealth of knowledge.
Coinbase is gaining my confidence back. Support or notI am giving coinbase another chance with my investments.
If performance in 2023 is strong and bullish i will move funds back to the exchange January 1, 2024
I set a goal for performance in 2023 and if trading performs atleast half of the projected pattern on this chart
it will show that investors are increasing in confidence for coinbase.
There is no prediction or forecast. Just is just a personal observation and goal i have set for myself.
2023 is a giant testing year of the markets to see when and where the money is going.
Which companies will fail support and which companies will prosper with support.
Timing of the SEC and look at that bullish breakout LOLDo not trust the SEC period......................................
The timing of everything they do is manipulative and illegal.
I don't need to speak on that because everyone knows the SEC is the governments influencer to grab tokens for low costs.
Crypto is for the people not the US government war machine tools for power.
Playing with the lives of millions of people not just americans.
Its not just crypto that is affected. Many large corporations are invested heavily and
stock markets have paid a heavy price for the SEC actions.
SEC and regulations of exchanges have done some major damage and the problem needs to be corrected soon.
I am bullish for coinbase stock and this chart shows the proof.
The moneyflow is us not the SEC or governments trying to manipulate.
Support our market today or it might be gone tomorrow.
Stock markets are next if they win against crypto with their illegal unethical tactics to control markets.
Stealing money is wrong.
Sorry was in a rush with my morning speech. Have good day everyone.
Coinbase has earned my trust and i will stand by them.
COIN - Could See a Blow Off Phase Up To $269 🚀For COIN I think there are 4 key details:
1) Last week's bullish momentum candle (green arrow) is not to be ignored.
As I said in the video (client only); Glenn Neely's charting maxim is one of my favourites; "The fastest wave dictates the dominant trend."
And that is a fast pump.
2) The RSI has so many pitfalls and if a strong pivot did print here then this could be perceived to be bearish divergence.
However a low RSI reading can also show that there is plenty of juice in the tank for the next wave up.
So...
I think it will be the latter and we will see a ripping blow off top.
3) The high and the low of the accumulation are the most likely pivots for an accurate Fibonacci extension to capture the top.
The 1.618 Golden Window begins @ $269.3 and I think that will be the magnetic ratio.
So I'll be looking for a top somewhere between $269.3 and the 1.786 overshoot ratio @ $338.34.
4) Distribution Resistance is not too far above @ $210.77.
This is a very attractive high liquidity area for market movers to burst into, trigger stop losses to then reverse back down.
So this is a magnetic area and that increases the probability of a further move up from here.
...
In the end I think that we will see a correction and COIN will slump below the lower trendline.
But ascending wedges very often break to the upside before collapse and I think most likely that will be the case here.
Remember that COIN is subordinate to Bitcoin and so if Bitcoin did have a flash dump then COIN could reflect that with a dump to form a strong pivot which could print bearish divergence and that would negate point 2.
And if it was a large dump then that could also negate point 1.
So this analysis could change if a Bitcoin dump did come, but at this moment in time COIN looks set to print a blow off top.
If it did move on up as described that would be a 60% pump to the 1.618 and a 98% pump to the 1.786 👍.
Not advice
BTC + COIN Short IdeaSo I had this idea yesterday and apparently I made it a private idea by mistake, which is unfortunate because now it's just hindsight. Either way, I think this was a great setup so I'll share it again publicly. Here's my original description:
I'm loving this short entry on COIN here. BTC bounced nicely off of
59K, but has rejected at a pretty important trendline and also has supply above. Meanwhile, COIN is retesting the $221 area. Seems like a perfect trade, but obviously might not work. I'm happy to have bought puts in this area though. Target for BTC is 52K if it breaks $59k. Looking for COIN to hit $200 and then $190.
And the update I made today:
This is honestly one of the best setups I've seen all year, if not the best. We finally had some NQ weakness, breaking below 20k, even though it did bounce back several times. We also had a strong day out of DXY which led to weakness in precious metals and crypto.
A lot of things were lining up for this trade, so it's great to see it pay off. I took some profit on COIN today, but still holding the majority of my puts for now. Looking for a move down to $190 for COIN, it may find support near $208 as well and I'll probably scale out a lot if it hits $200 just in case it holds due to the psychological whole number. BTC could have a much larger sell off it breaks below the critical 59K area.
COIN - Trendline FunIt's always interesting to see what kind of different angles you can come up with using simple trendlines. Trendlines are one of the most important tools I have for determining trend and it will always be the first thing I look for. I'm always asking myself, what is the current primary and secondary trend? Is there a minor trend? Drawing trendlines like these can help. I wouldn't normally have such a mess of a chart, but I do like these examples of different trendline angles. No matter how you slice it, the trend is down, except for that one ascending trendline I have just below the current price, I see that as a last line of defense for bulls.
COIN - COINBASE - Waiting to buy in 200Dear traders,
Id like to share this idea in order to take long positions, basically i waiting for the price to get 200$ being a good price to look for buying opportunities.
During this year, Coin presents a bullish formation it is good to see this bullish correction pattern to take advantage for buying opportunities.
best,
Coinbase Global- a bullish and bearish count2 counts here that both suggest some downside going forward for this Nasdaq stock. However, the blue count suggests some decent upside in a 5th wave still to come while the red count is much more pessimistic with prolonged downside ahead.
COIN Short IdeaCOIN is showing a lot of weakness today along with BTC. It had been holding above $236, but finally broke and hit $221. It has continued to fall even further after a small bounce and is now well below $221, it also retested the area and failed already. I like this for a move down to $200-$190, especially if the BTC, NQ, and semi weakness continues.
COIN "Forecasting step"A nearby low is expected to remain at $223 to complete A Flat Pattern and wait for a reversal signal.
Coinbase UpdateNot a lot happened on Friday in regard to Coinbase. It is following along with the tier 1 crypto list that we follow. This shouldn't come at much of a surprise as closely as they're tied to each other's fates along with the BTC ETFs it hosts. Something I want to draw your attention too, is the target fibs / box. If you look at it, I drew it from the 1.0-1.618 as they are the most common end targets for this type of move. Also, within this box is the 0.382 retracement fib @ $140.85. This is a very common end target area for wave 4's, which is what we're in. Don't get me wrong, we could extend lower. However, the picture that is being painted at this time, points to this target box I have drawn.
We still have a chance of making a slight new high, but those odds are dropping. In the end, regardless of a new slight high or not, according to the larger count we should be headed to the target box for the end of wave 4.
Coinbase Global - Coin, Anything But Predictable.
There's a lot going on in the charts with COIN starting with the daily chart and multiple potential target prices shown as per patterns that have formed and though the price has been trending above the 50 day ema now for a month on the daily chart the showing does not convey a lot of strength in the short term considering that their recent financials were extremely good. So looking at the 15 minute chart we see a Death Cross had formed last Thursday confirming more potential weakness ahead. The 2 Hour Chart as well confirms this not only with the last 16 candles now trending below the 7 day Exponential Moving Average but also the 7 day EMA has Bearishly broken through all of the other Moving Averages on the chart again edging towards a further breakdown. One strong indicator that confirms this is the MFI that has also formed a Strong Bearish Divergence as the price has been consolidating the last couple of weeks at the current price point of $244.00.... One saving grace however indicating that the downturn may be short lived is the weekly chart where I've used the Fib Retracement Indicator to project it's potential future moves and more in keeping with the daily chart if COIN can break through the $270 Barrier then the other Fibonacci Lines are fair game.
COINBASE Short-term Channel Up targeting $284Coinbase (COIN) has been trading within a short-term Channel Up (blue) ever since the bottom on the 4H MA200 (orange trend-line) and later turned the 4H MA50 (blue trend-line) into a Support too. Yesterday the first 4H MA50/ 1D MA50 Bullish Cross was formed since February 29.
As you can see this is approximately the same pattern that was followed after the February 09 bottom on the 4H MA200 and its first Target was the Resistance coming of the previous High.
This short-term Channel Up leads straight to that Resistance as part of its next Higher High, so our short-term Target is $284.00.
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Coinbase Bullish Parabola and targetIt seems lofty, however the pattern measurements are showing us a target of around 700. Should the parabola fail, we may have a different path to get there
Coinbase Bullish Parabola and targetIt seems lofty, however the pattern measurements are showing us a target of around 700. Should the parabola fail, we may have a different path to get there
Market Crash - COIN Ascending WedgeI had been bullish on COIN along With BTC, but COIN now looks quite bearish to me after have a promising looking bull flag breakout. The bull flag breakout is still valid for now. However, this rejection at the top of the ascending wedge and response to the spike in yields looks rough. Bulls will need to hold the $236 area or COIN will continue falling with BTC.
$COIN looks like a good short hereI know everyone is bullish crypto, but the NASDAQ:COIN chart doesn't look that hot.
You can see that price moved up over the trend line, formed a small timeframe head and shoulders, broke down, and now has retested the trend line today.
I bought some puts before market close.
Before we move higher, I'd expect price to come down to touch the lower support levels before we see any sustained move higher.
Let's see how it plays out over the coming weeks.
COIN - Increased Probability of AppreciationAlignment and approach of Fibo Clouds signal increased probability of appreciation
Risk/Return 3
The realization of 50% of the capital in the first target with the immediate raising of the stop loss line for the entry position, authorizes the search for subsequent targets with reduced risk
Follow us to receive new studies based on the FiboNuvens analytical paradigm as well as updates on these publications.
Weekly Coin chartThis is the weekly view of my daily chart I posted earlier. The momentum is clearly very strong and after that bounce off the EMAs, coin is pushing against a resistance here. All we need is a little pop from BTC. Thursday is historically the least volatile day for BTC so I do not think it will happen after market today. A retest of the teal fib before another push would be better long-term.
-We already hit my first target of 250$
-My second target remains 279$, I think we see this in less than two weeks
COINOne other note here on COIN
Look at how closely it mirrors ETHUSD
It still needs reprice higher to mirror ETH ETF approval God candle, which implies that it runs up to March swing highs around 280 as soon as possible
Pre-ordained Coinbase predictionGo go go. Electromagnetic force analysis.
Coin is made of metal.
Attracted to magnet.
