Coinbase nasdaq entry pointCoinbase is approaching the entry point at the macro spot of 109. Targeting the all-time high could yield a potential gain of 280%
1QZ trade ideas
COINBASE LONGHi My friend i wait on cosing RSI and starting my new position on LONG. Good lucck RR looked nice :)
Coinbase Update: Start of (5) or OML to go?This latest move off the $118.02 bottom made on 19 Jan appears corrective to me. In order to create a 5-wave move I just have to really force it and when you have to force an impulsive move, it's probably an A wave in my experience. On the chart, you see a turquoise count (ALT), but this is becoming even more likely than my white count IMHO. Until the white count is proven wrong though, I leave it. This would suggest we get OMH and smack into the upper trend line I have drawn and get rejected causing price to fall to the yellow box I have drawn before raising to the upper target. Another reason I am starting to feel this way is due to MACD on the micros. It made a high at the turquoise A and hasn't breached it since. This is a tall tale sign of an A wave.
Should the white count prevail, we will rise past the upper trend line with relative ease towards the upper target box. One thing that I want to point out about MACD though, it has fallen VERY far on this retrace lower on the larger time frames. This is the deepest it has fallen since 12 May 22'. This could be due to the giant difference in price, or it could be a clue Coinbase is in some serious trouble as a company. If it turns out to be a major bear signal, sub $20 comes into view...
COIN - Rinse & Repeat 🤨Is now very close to my first re-entry target @ Accumulation support $116.3.
With a higher time frame perspective this will probably be an incredible deep buy down the road in 2026.
So if COIN is an asset that must be in your portfolio and you'll be sad if it pumps without you on board then you may decide to re-enter some of your position here (or buy for the first time if you missed the pump).
This would be the "KISS;" keep-it-simple-stupid way to make sure you dont miss the train in this stock that may well go on to wild highs.
But, thats not what i'm doing.
I think COIN may have a prolonged correction and there will likely be bounces along the way; perhaps there will be a bounce at "accumulation support."
But I'll be interested to see where COIN is should BTC get back to $31.8K.
And I think it will fall through the lower trendline of the ascending wedge and back to the retracement Golden Window where the 0.618 is @ $62.4 🤨.
Not advice
📊 Coinbase Goes Bearish (Daily & Weekly TF)29-December 2023 COIN ended on a strong bearish note, producing a candle that closed below the open of the two previous candles.
Today, 2-Jan., COIN produced a full red candle with the highest bear volume since 14-July, exactly when a wave peak was hit (high bear volume at peak prices signals that a peak was hit). These are simple signals pointing towards lower prices.
COIN and BTCUSD are closely related when it comes to price action.
Seeing the sell-off here means that Bitcoin's correction is approaching and getting closer by the day.
This can also mean that the insiders have access to information we don't have and started to sell before the herd.
As for the weekly timeframe, this week started on a extremely bearish note.
Last week closed as a Doji and bearish confirmation came in today with the strong negative candle shown on this chart.
Minimum price for this drop is around 95 within a month but it can go lower if we consider a longer time period.
Coinbase going bearish works as a bearish signal for Bitcoin; Why?
Because they move together.
➖ In January 2023 Bitcoin went bullish, Coinbase as well.
➖ From October through December '23 Bitcoin went bullish, Coinbase as well.
➖ Early 2024 Coinbase goes bearish, Bitcoin likely to go bearish as well.
Thank you for reading.
Namaste.
Coinbase would be interesting around 112 level Just taking a look at COIN.
would be nice for it to get down to around 112 per
would expect a bounce around there
Coinbase Update: Waiting on confirmationToday, Coinbase made a new high on the 3min MACD, which is a very good sign. It shows this move up, as of this writing, is healthy. This looks like a 1-2, (1-2) forming as of now. The clue I will be watching for is MACD to make a new high above todays on the 3min chart. This will signify we're most likely in a 3 of (iii) of i of our next larger wave (5). Zooming out to look at the larger MACD picture, we're on pos div on the 1Hr chart/4HR chart and have begun to show a trend change on the daily chart. These are all promising signs but until we breach $137.31 in an impulsive fashion, we don't have confirmation. I expect us to continue higher tomorrow just from looking at MACD but as y'all know there is never any guarantees. I imagine when/if we run into the upper trend line, it will give us some resistance. If this is wave (5) then we will push through it. May God bless us and make this week a good week!
COIN Wedging on the DailyCOIN has pulled back really well into a tightening wedge. Defended the bottom and now up over 3% on the day. If you zoom out to the weekly, it bounced right off the 20 EMA as well. Great spot to look for a bottom forming and a break of the wedge. Will be interesting to see how much they're making from the BTC ETF.
COIN: Approaching potential bottom, Target=160/170There is a possibility of a rebound in Coinbase stock within the key level zone of 113 to 117. Indications of a potential bottoming have been observed. The target zone for potential growth is estimated to be between 160 and 170.
Coinbase - a leading indicator for BitcoinHistorically, Coinbase and Bitcoin price action have been closely interlinked.
I pointed out that Coinbase was at Supply on the 1st January on X.
Notice how it has dropped further and this is what I expect to happen with Bitcoin.
Coinbase Update: Bottom looks madeLooking at MACD and the structure price has carved out, the bottom appears to be in. We still don't have confirmation though. That comes once we make a new high above $187.97. At this time, we have positive divergence not just on the micros but all the way up to the 4HR chart with the daily starting to weaken signaling a change in trend. Also, we bounced off the lower trend line and started to move higher.
We could technically make another low, but we don't really have much room to fall. As I said in my last post, $114.41 invalidates this count. The first big clue we should see if the bottom is in is a breach of the 0.618 fib @ $138.41. I doubt we get that tomorrow, but I think we should get it this week. As of now, I only have 10 shares but will get more once we have more clues pointing towards confirmation. We have plenty of time as I expect us to head towards $190 at a minimum. Obviously, it won't be a straight line towards my box, but it should be a 5-wave move.
One last thing, who noticed Citigroup raised their price target from $90 to $151? Quite the big jump, wasn't it?
Current Coinbase Assets:
10 shares
Coinbase: The SEC Goes Back to CourtWhy it matters ?
A hefty chunk of the U.S. crypto industry may well hinge on how the SEC's cases against Coinbase, Binance/Binance.US and Kraken play out. If federal judges agree that various digital assets are securities, and the SEC has the latitude to say which are, that'll impose new registration and reporting requirements on issuers and trading platforms. If, instead, judges find consensus in saying that the SEC has overreached or that Congress should create some tailored laws, that'll give a green light to a huge chunk of the industry.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Coinbase (COIN) Buy SetupCOIN had a Wyckoff accumulation phase, and appears to be completing a normal retracement in a new uptrend. Would like to see our Technometer get closer to oversold in the coming days, to give us a solid BUY entry.
$COIN Coinbase Double Bottom NASDAQ:COIN (Coinbase) has tested a double bottom at the blue line within a parallel downtrend. Below the 50 day moving average. The Stochastic Relative Strength Index (Stoch RSI) indicates oversold conditions. Currently, we are awaiting an algorithmic buy alert and a breakout from the parallel downtrend before considering entry into a long position
Coinbase in downward trendFollowing a robust surge, Coinbase experienced a decline over the past week subsequent to its peak. Observable are several bearish divergences and the emergence of a bearish trend marked by declining highs and lows, indicative of a bearish trajectory. A prospective trading suggestion is presented, complete with Entry Point (EP), Take Profit (TP), and Stop Loss (SL) parameters for a short position.
Coin finding supportCoin is finding support on the trend line from October. An important Fib level around 140$ should provide additional support if this does not hold. This selloff was definitely needed as the stock was extremely overextended. I continue to hold my entry from last Jan and do not plan on selling anytime soon.
Long Short Idea: Short Coinbase, Long PfizerThe launch of a Bitcoin ETF could have a significant impact on Coinbase, the largest cryptocurrency exchange in the United States. Some analysts believe that the ETF could lead to a decline in trading volume on Coinbase, as investors may choose to trade Bitcoin through the ETF rather than directly on the exchange. Additionally, the ETF could put pressure on Coinbase's margins, as it would allow investors to borrow Bitcoin for less than they can borrow on the exchange.
Pfizer, on the other hand, is a pharmaceutical company with a strong track record of innovation. The company has a pipeline of promising drugs that could generate significant revenue in the coming years. Pfizer is also well-positioned to benefit from the aging population in the United States and other developed countries.
Short Coinbase
There are several reasons why investors might want to short Coinbase. First, as mentioned above, the launch of a Bitcoin ETF could lead to a decline in trading volume on Coinbase. This would hurt Coinbase's revenue and profits. Second, the ETF could put pressure on Coinbase's margins. As investors borrow Bitcoin for less through the ETF, they will be less willing to pay high fees to borrow Bitcoin on Coinbase. This could squeeze Coinbase's profits.
Long Pfizer
There are also several reasons why investors might want to go long on Pfizer. First, the company has a strong track record of innovation. Pfizer has developed a number of blockbuster drugs, and the company has a pipeline of promising drugs that could generate significant revenue in the coming years. Second, Pfizer is well-positioned to benefit from the aging population in the United States and other developed countries. As the population ages, there will be a greater need for drugs to treat chronic diseases such as cancer and heart disease. Pfizer is a leader in these areas, and the company is well-positioned to capitalize on this trend.
Conclusion
The long-short idea of shorting Coinbase and going long on Pfizer is a contrarian trade. This trade is based on the belief that the launch of a Bitcoin ETF will be bad for Coinbase, but good for Pfizer. This trade is risky, but it has the potential to generate significant returns if the ETF does indeed hurt Coinbase's business.
Disclaimer
Please note that this is not investment advice. Investing in securities involves risk, and you could lose money. Before investing in any security, you should do your own research and consider your own risk tolerance.
coinbase we can see the price move near the big support 115 and 0.61 fibo
we can expect big bounce from here
targets are
134
141
159
Coinbase Update: Moved lower into the box as predictedToday we hit right under the $140 area that I was calling for and then got rejected. According to my count this is the wave 5 of c of (4). As stated earlier I bought a measly 10 shares at about $125. I then set my stop limit @ $114.41 as this count becomes invalidated at that point. Notice how the 0.5 retracement fib is @ $114.39? Do you remember why that is significant? Looking at MACD we are on positive divergence in the micros and the larger time frame.
I don't feel this has much lower to go before it starts to move higher again towards the low $200 area. If we start to get an impulsive move higher soon, I will probably buy either a few more shares or a couple calls.
Coinbase Update: 01/17/2024In my last post I said I thought that Coinbase should be getting another low ideally. This was due to a few reasons, but it appears we may just get that low soon as this little retrace appears corrective. Ideally, we need a mini-c wave higher to the $140 area to finish out this mini-wave 4. We would then drop in wave 5 of c towards the 1.0 @ $124.73.
Quite a few different tickers that I watch appear to point higher soon, rather for a retrace or to be finishing out their respective counts higher. Coinbase is its own chart though and seems to be affected by crypto much more than any other chart. Will this help it or hurt it? Time will tell but one thing seems certain, crypto is exiting its winter and seems to be starting a new bull cycle. With the SEC finally approving BTC ETF's and rumors of an ETH/XRP ETF coming in the future, it will surely get people excited. Coinbase more than any other stock stands to benefit the most. Time will tell.
COIN TB(E)?180-86 price range, no idea where this is going but bookmarking for later.
Do I want to own this thing? Should I buy it? Or do I not even want to rent the darn thing....??
Confusion of da highest orda!!!
COINBASE-BUY strategy Daily chartwe have corrected nicely, and almost near objective. Now we are basing and likely we test higher above $ 155 again short-term.
Strategy BUY @ $ 130-135 area and place SL below $ 120.00 and profit @ 165.00.
