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1QZ trade ideas

COIN breakout?$COIN has recently broken out of its bearish pennant pattern with some potential upside. However, this could very well be a fakeout and continue lower just like it had happened previously. We are in a bearish pennant and could move back to the downside, especially if overall market sentiment continues to be bearish. Personally, I will go long if we can hold above this pennant and resistance. I will look to go short if we confirm this is a fakeout and we start to trend lower.
NASDAQ:COIN
by lonelyHare4126
1
$COIN swing call idea from end of Sept has NEWS to draw buyersThe description below offers an example of a chart story. When you regularly watch a stock and observe how price and indicators change over time, you can create a story that leads to well-planned and successful trade ideas. Between May and July price stalled and took its time to retest lows. While it did RSI was gradually rising. Eventually this led to a quick move up in price (August) and RSI tipped over 70. When RSI rises over 66.66 after being under 33.33, it is a sign that trend may be ready to change. Note this does not always hold true, as it is an advance sign that occurs before trend change confirmation. In September, there was a stochastic buy notice when %K rose sharply over 3 days (orange box and arrow). This is my most reliable early indicator of a directional move to come. It is typical for this early strength move to see a reversal. When price fell (white box) it stayed above the summer range, RSI held bull support zone (green line), and there was bullish divergence (white ovals). Before today's Google-related news spark, price broke the white downtrend line and held a higher low. Now, in the greater context of U.S. markets, I think a rally is imminent. As soon as there is a turning point up, COIN can at least move to 200sma. I am not long-term bullish on the stock right now; I see a nice swing call trade that can gain over the next few months if conditions support it.
NASDAQ:COINLong
by OptionsRising
Coinbase is the most trusted rally.Coinbase is the most trusted and regulated crypto exchange that is publicly traded. Coinbase is The best way to get into Bitcoin and cryptocurrency. Bitcoin and crypto continue to gain adoption. As long as the above remain true, then I like this company. That being said, I will be trying to accumulate more shares. I like what the charts are telling me. Many bottoming indicators in the crypto market lately. Plus I feel the company is a good price. I have other charts which explain my macro views of inflation, oil, dollar, etc. Have a look.
NASDAQ:COINLong
by MikeMM
5
$COIN setup coming into tomorrowThesis: Liked that Josh (@lucidtrades) tweeted about this earlier because I was casually charting this today, and he made me really take a second look. COIN price would make most think downside makes sense here, but there's lots of bullish divergences from price to suggest otherwise. Labeled on the chart. Probably best to just stay unbiased and play the levels I personally won't take any trades here unless it exits the range. Past 4-5 trading days, I've gotten stopped out of a lot of setups, and would prefer being spared from chop. Pretty decent volatility above or below either level. Should be a fun one NASDAQ:COIN
NASDAQ:COIN
by tcollins001
COIN: bottomed out at 40.83, Opportunity to buy dipCOIN bottomed out at 40.83 Coinbase stock’s price performed quite poorly since April 2021 which saw price fell from the high of 429.54 to 40.83 40.86 (almost 90% loss). Despite overall bearish sentiment, stock has bottomed out at two points (40.83 and 44.15) during May and Jun 2022. It seems that market has priced the worst-case scenario. Therefore, it is likely that area between 40.83 and 44.15 holds for the balance of 2022. Upside potential would also be limited to area between 85 and 100 at best during 2022. Price rally has faded Analysis of short-term pattern and price action shows that recent rally which started since July has been soften considerably. In short-term, bearish bias is likely to push price down toward 60 and lower to 50. Therefore, strategy should be focused on taking advantage of price weakness rather than trend following. Opportunity to buy dip around 46 & 54 If we assume that stock has bottomed, any price weakness could create an opportunity to buy dip. Support zone would be the area between 46 and 54. Coinbase stock is likely to stay withing a wide trading range between 45 and 85 by the end of Dec 2022.
NASDAQ:COIN
by Quantific-Solutions
COIN LONG = Ascending Megaphone PatternNASDAQ:COIN COIN downrended from November 2021 to later July loosing 85% of its price along the way. Having completed its reversal, it is now up trending in a megaphone pattern reflecting increasing volatility. Relative volume has increased. I have plotted in mid-Fibonacci levels. I see this as a swing long setup, and will take the trade setting up the stop loss as the market low late July. Targets include the Fibonacci levels as well as where price hits the mid=line of the megaphone where it could break through or bounce in this high volatility zone. I will leave a runner to see if price can eventually reach the late 2021 price level especially if the crypto market undergoes a resurgence.
NASDAQ:COINLong
by AwesomeAvani
13
Bullish Divergence on 1hr RSI For Coinbase There is a bullish divergence on the 1hr RSI for Coinbase. This is a bullish reversal pattern found at bottoms… but it is also a pattern that appears in the midst of long downtrends. In words, the pattern is there, and it is a bullish reversal pattern, but it has a somewhat low success ratio when found in a steep downtrend. Further, this is a single bullish indicator in another wise brutal bear market. All that said, it’s worth noting this divergence is also present on different time frames on btc… and on other charts and time frames. Bottomline: We are in a bear market in a downtrend, so a bullish divergence on a 1 hour time frame doesn’t carry much weight.
NASDAQ:COINLong
by hi8798798
1
Short-term and intermediate-term targets for COIN (ICT)ICT traders and "SMC" traders will be familiar with most of the Market Making ideas on here. For traders who aren't familiar with any of the terminology: Buyside Liquidity refers to where we expect Short positions to get stopped out when Price runs on old Highs. We anticipate Order Pairing at these levels where Smart Money Sell Orders are paired with losing Short traders who're forced to Buy at a "Premium." Sellside Liquidity refers to where we expect Long positions to get stopped out when Price runs on old Lows. We anticipate Order Pairing at these levels where Smart Money Buy Orders are paired with losing Long traders who're forced to Sell at a "Discount." I won't explain what Order Blocks are in detail here. I'm not an expert on Order Block Theory and ICT teaches it over on his Youtube Channel for free. Basically, we're looking at theoretical price levels that should be "supported" or "resisted" in the traditional retail trading sense based on Institutional Order Flow. Scenarios I'm considering: 1) Price runs down to the Preliminary Target and then makes a small rally back to the Gap before reversing back again to make an aggressive run down to the Main Target levels. After the Main Target has been reached, we'd anticipate an aggressive rally back up. 2) Price crashes straight through to the Main Target levels (short-term Bearish ) and then rallies to target the Gap (intermediate-term Bullish ) and to potentially higher Buyside Liquidity levels (with the darker green areas representing more ambitious Price Targets). 3) I'm wrong and Price recovers at the current choppy Gap Filling area and rallies straight up to take out the Buyside Liquidity immediately. 4) I'm completely wrong and Price does nothing that I'm anticipating based on the logic I've outlined here. Some traders might wonder how what I've outlined is any different from traditional Support / Resistance levels or Supply / Demand zones. The main difference is the logical framework around liquidity and order flow combined with ICT's Top-Down approach and Time & Price Theories. ICT traders are anticipating targets based on an Imbalance or old Highs and Lows. We're always thinking "to and through" as opposed to the Price respecting some Support / Resistance level unless there is a valid context such as Institutional Order Flow. If you're interested in the concepts here, you can check out ICT's Youtube channel. I'm not affiliated with ICT in any way and I'm not a paying student of his. He's been making most of his elite content available for free in 2022, so everything I've learned is through his free content. Most of the "SMC" concepts out there are taken from ICT, so I would recommend going to the source to learn. Note that ICT does not consider volume. I used to rely on volume all the time, especially when applying Wyckoff and "VSA" strategies. I no longer consider volume as much as before, but I do glance at volume (real and tick volume) for markets with centralized volume across a long span of time on the HTFs to make sure there is confluence with my theories around accumulation, re-accumulation, distribution, re-distribution, and manipulation. This is why I bothered to mention it on the chart (orange box) where we do see a heightened level of contracts traded within this range. Also, we know that Cathie Wood and other institutional investors have an interest in accumulating within this range. That said, I still prioritize HTF liquidity narratives over anything based on volume.
NASDAQ:COIN
by Intermarket_Trader
15