COIN to IPO pricesCoin unreasonably cheap, can return to IPO prices with fundamental and technical headwinds.Longby wantonwalletUpdated 229
Coinbase Long Halfway to TPWhat a trade. NASDAQ:COIN Coinbase currently holding the 200$ level and just retested. With the momentum it has, I won't be surprised if we go straight up to 300$ in a few weeks with no more retests to the 200$ level. DON'T FADE THE MOMENTUM. The cup and handle pattern would bring Coinbase up to 800-900$. GM.Longby alexrigon118
$COIN Weekly Chart Double Top PierceNASDAQ:COIN Weekly Chart Double Top Pierce, A "double top with a pierce" is a bearish reversal pattern commonly observed in technical analysis, particularly in stock charts. It typically indicates a potential trend reversal from bullish to bearish. - **Formation**: The pattern consists of two peaks (high points) that are approximately equal in height, separated by a trough (low point) in between. The first peak forms during an uptrend, followed by a decline to the trough. The price then rallies again to form the second peak, which is often at or near the same level as the first peak. - **Pierce**: In a double top with a pierce pattern, the price briefly pierces above the high of the first peak before reversing downward. This pierce above the first peak can often trap bullish traders who see it as a breakout, but the subsequent reversal indicates a failure to sustain upward momentum. - **Neckline**: A trendline drawn connecting the lows of the troughs forms the neckline of the pattern. The neckline acts as a support level, and a break below this level confirms the pattern. - **Volume**: Volume tends to decrease as the pattern forms, then increases when the price breaks below the neckline, confirming the pattern. - **Confirmation**: The pattern is confirmed when the price breaks decisively below the neckline on high volume. This breakout below the neckline suggests that bearish momentum has overcome previous buying pressure, signaling a potential trend reversal from bullish to bearish. Traders often use the height of the pattern (from the peaks to the neckline) to estimate a potential price target once the pattern is confirmed. Overall, the double top with a pierce pattern is considered a reliable bearish signal, but like any technical pattern, it is not foolproof and should be used in conjunction with other forms of analysis.by AlgoTradeAlert2
Coinbase's trajectory may continue to soar alongside the surgingCoinbase's trajectory may continue to soar alongside the surging interest in Bitcoin. Next resistance around $240 (61.8% Fibo level) Avoid blocking the entrance while the entire world pushes through. Longby probabilityta6
$COIN Tennis ball action after earnings - LONG!Observe the tennis ball action on NASDAQ:COIN based on Mark Minervini's tennis ball action. High and higher volumes after earnings. LONG! DYDDLongby Silverbullet1215
How to balance Crypto and Stock exposure2 year plan for the stock position. NASDAQ:COIN for crypto exposure NASDAQ:QQQ for tech exposure Credit goes to @DegenSpartanLongby WPlusMOne0
Possible Head & Shoulders on COINIf Bitcoin pulls back off the recent rally it will trigger a sell off in Coinbase!Shortby Gutta_CEO_224
COINBASE(COIN)/BTC CorrelationIn the past months investors have been watching carefully the recovery of Coinbase as one of the biggest partners in the financial industry as crytocurrencies seem to recover from the last downturn. Many investors, traders and fans of crypto have been watching with a lot of hype the launch of the ETFs; which hasn't resulted in what most of them expected: a massive bull run as these instruments got green light from public authorities. Cathie Wood's ARK investment instruments have been continuously dumping Coinbase shares in the last months, possibly to balance the holdings of the ETF ARKW(ark-funds.com), and the crypto-exchange shows 2 interesting things: certain degree of correlation with BTC and extraordinary earnings. However the last earnings should have been fuelling this stock but they didn't due to weaknesses in their fundamentals and tough valuations with shallow price targets. If done carefully, COIN can be used to track small spikes in price and short trends in BTC and ETH. The future could be promising for Coinbase, but from a macroeconomic standpoint we are not out of the woods at all. My observations tell me that the markets like to be bearish on COIN, but for short term wave riding, it could be worth it - just make sure you have appropriate risk management when doing so.by Sappx1
[Coinbase] bullish- golden cross between MA50 and MA100 - MACD bullish divergence - end of cryptos bear market Longby Bitcoin_WeatherUpdated 171732
COIN- Looking nicely BULLISHAS BTC crosses 38k today COIN may be faced to also see gains in share price. There have been several harmonics to support the move and the RSI is on a tear. Target here could move quite quickly over the next few weeks. BTC has a history of doing things around holidays and especially X-mas and so COIN may be poised to reap the benefits. I do expect to see some possible resistance/ retracements on the way up- noted by yellow lines. The 1st yellow line may be the most resistive. Outside of this looks like a clean shot if we proceed above it. Longby Moorsc0deUpdated 7728
COIN - Lots of profits to be made - beautiful algo confluenceThis can break out of our controlled selling algorithms any day - especially as we started to see sell-side tapering via our teal algorithm on Friday. Look for Yellow strong buying channel to activate and break us out of the magenta/purple/teal algorithms which will lead us to a retest of highs at the $180-$185 level. We will be trading this today live on the stream if the opportunity presents itself - we have some clear levels and things we're looking out for and we don't want to miss this one. See you there! Happy Trading :)Long01:36by ReigningTradesUpdated 999
Coinbase Cup and Handle PatternNASDAQ:COIN looking like its ready for a nice move with a clear cup and handle patternLongby Coin_Blast10
Coinbase Update: The problem with extensionsExtensions are great and all for profits, but they can become difficult to count. Once they extend beyond normal fib lines it becomes structure only to guide your count. This can lead to misinterpretations, mislabeling, and at times confusing price action. The count you see in this chart is the best interpretation I can make of this chart at this time. There are only two real rules that CANNOT be broke under ANY circumstances. One of which is that wave 3 cannot be the shortest motive wave within a 5-wave structure. In this count, wave i extended and is larger than wave iii. In a 5-wave count at least one motive wave MUST extend but no more than two of them. When wave i extends, it typically ends up being the only wave that extends within the structure. I believe that is what we're seeing here on the micro count. Wave i extended with wave iii being short, but wave v is the shortest. Therefore, according to this count, no rules have been broken. We then retraced right up to the 0.5 retracement fib before heading higher in a 5-wave structure. What I would like to see next is a slight retrace of about 3% in a 3-wave move to the high $160's before raising again towards the next box. This isn't required but would create a healthy structure to raise off of again. I am going to put in a pre-market order to buy 30 shares @ $168 and then place a stop of $163. That's risking $150 in losses for a potential $1380 in profits. I'll take those odds any day. Don't forget, beginning February 23rd (this Friday), I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.by TSuthUpdated 181832
📊 Coinbase Ended The Week BearishCoinbase (COIN) ended the week on a very strong bearish note and we have a strong combinations of bearish signals on this chart. But first... How are you doing today? I hope you are having a wonderful time with your daily life. I've seen these charts, these stocks close red all the time and then surprisingly start the week on a bullish note and nullify the bearish bias... This can happen but we read the chart nonetheless. ➖ The first signal, based on candlestick reading; is the 16-February candle. The session opened at 189 and peaked at 193, a little higher than the late December peak price but technically still a double top. After going this high, the candle removed all gains and closed below the days open (180) and thus ended red. ➖ Trading volume on the 16-Feb. session is huge, the highest since July 2023 but ended red; The sellers ended with the upper hand. ➖ Double top pattern mentioned above. (28-Dec. & 16-Feb.) ➖ Tons of gaps on the way up while the sessions are closing red is another bearish signal. ➖ A very strong bearish divergence with the RSI is in place. ➖ And finally, we are looking at a B wave of a classic ABC correction; An irregular correction. It is called "irregular" because Wave B ends as a higher high compared to the start of Wave A. What follows is Wave C which means lower. All these are bearish signals. It will be very interesting to see how it all develops. For how much longer can this go on? Days, weeks, months? It is not a matter of "if" but "when"... And the 'when' is getting closer by the day. Prepare for a correction all across. Our focus is on Cryptocurrency right now so can't say about other markets even though everything is related these days. So Tesla, the SPX and the rest can also turn red late February and March 2024... To start. Namaste.Shortby AlanSantanaUpdated 8816
COINBASE - POTENTIAL SETUPcoinbase is in bullish trend following Dow theory printing HH's and HL's. If the market successfully sustain this bullish confluence the next leg high could go for new HH. NFA DYORLongby ZaiwajTrader3
Coinbase Update: Don't forget about the big pictureSometimes we spend so much time criticizing the micro moves of tickers, we forget about the larger picture. We agonize over movements that are largely irrelevant like this most recent movement Coinbase has been making for the possible end of wave iii or beginning of iv. Regardless of which one it is, I expect price to tag $220-$240 before this larger wave ((3)) is done. That being said, not being a day trader myself, I'm not really too concerned with the fluctuations of $10. Lots of companies, as well as other analysts, we're predicting Coinbase to tank with JPMorgan claiming it would and still will drop to $80. They were saying this when it was valued @ $115 while I was predicting it to go on another bull run. Needless to say, we jumped about 40% from that local bottom and I, along with some of you, were able to capture 30%+ of those profits. Not too shabby for 1 week or so if you ask me. When market opens Tuesday morning, there is a high chance I may buy back in for another 20-30 shares with the goal of holding until it's in the low $200 area. That's another 12%-33% in profits if I can get in around $180 and ride to the top. I would set a stop of $173. Is 20-30 shares a lot? No, but I see no reason to swing for the fences every trade regardless of my confidence. With that amount of shares, at a 20% profit, is over $1000 in profits. Again, not too shabby if you ask me. As always, I will post if I buy any shares. Don't forget, beginning February 23rd (this Friday), I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.by TSuthUpdated 6629
Coinbase could rise above 200Following the low at the beginning of 2023, NASDAQ:COIN began to rise in a notably constructive manner, eventually reaching a peak at 186. Subsequently, a typical correction ensued, and presently, the stock is trading precisely at the former resistance level of the long-term consolidation phase. In my view, this presents a favorable buying opportunity, with a strong likelihood of a reversal and an upward move surpassing 200 in the medium to long term. Longby Mihai_IacobUpdated 1118
Short Term Put 2/23 and 3/1 to Fill GAP Below!!!This is my first attempt at publishing what I see... looking at each DAILY Close , according to the 15m chart , leaves us a little GAP to play with the on the DAILY Open It looks like if we drop below the LOD from 2/16, then we head down to fill the GAP at 165.67... by the way, I am far from a financial advisor, more like your average uneducated trader, speaking on what's in front of me, putting in my 2 cents hoping to make a dollar outta 15!!!Shortby FliCityOptions2210
Coinbase's Resurgence: From Losses to ProfitsCoinbase Global ( NASDAQ:COIN ) has surged back into profitability, marking its first quarterly profit since 2021. The resurgence comes amidst a renewed interest in cryptocurrencies, fueled by the recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The Crypto Boom: The approval of spot bitcoin ETFs by the SEC has reignited investor enthusiasm for cryptocurrencies. This pivotal decision has propelled bitcoin's price to a staggering 57% increase in the final quarter of 2023, creating a surge in trading volumes for platforms like Coinbase. Coinbase's Stellar Performance: Coinbase ( NASDAQ:COIN ) reported a staggering 64% jump in transaction revenue, reaching $529.3 million in the fourth quarter. This robust performance has surpassed both internal expectations and Street consensus, signaling a strong comeback for the exchange. Diversification Strategies: Beyond trading, Coinbase ( NASDAQ:COIN ) has strategically diversified its revenue streams. The subscription and services unit, which includes businesses beyond trading, saw a substantial revenue increase of nearly 33% to $375.4 million. Stablecoin revenue, particularly from the partnership with fintech firm Circle, emerged as a significant contributor to this growth. Stablecoin Boom and Federal Reserve's Impact: The interest earned from stablecoins, such as the USD Coin (USDC), has become a lucrative revenue stream for Coinbase ( NASDAQ:COIN ). Partnering with Circle, Coinbase ( NASDAQ:COIN ) has capitalized on the interest generated by reserves backing USDC. Moreover, the Federal Reserve's interest rate hikes have further boosted Coinbase's income, showcasing the symbiotic relationship between traditional monetary policies and the burgeoning crypto market. Analyst Insights and Long-term Concerns: Despite the euphoria surrounding Coinbase's profitability, analysts, like Michael Elliott from CFRA Research, express caution regarding the potential impact of spot ETFs on Coinbase's market dominance. There are apprehensions that the availability of spot ETFs may divert investors to seek crypto exposure elsewhere, posing a challenge to Coinbase's continued growth trajectory. Conclusion: Coinbase's ( NASDAQ:COIN ) journey from losses to profits exemplifies the dynamic nature of the cryptocurrency landscape. The approval of spot bitcoin ETFs has undoubtedly fueled Coinbase's resurgence, but challenges loom on the horizon. As the crypto market evolves, Coinbase ( NASDAQ:COIN ) must navigate shifting investor preferences and intensifying competition to maintain its position as a leading exchange platform.Longby DEXWireNews6
COINBASE: BULLISH – "BAT" detected + Correction possibleCOINBASE: BULLISH – detection of a “BAT” The price could fall on the gaps at the level of 165-121 The possible rebound zone is between 70 and 132 A rebound would therefore be possible to initially seek the 203 the 259 the 288 then my “PRZ” zone around 320 360 The ROC is in positive territory Be careful.Longby Le-Loup-de-ZurichUpdated 112
COINCOIN Buy at HL (also 0.5 FIB , trendline support intact) SL , TP mention in chartLongby SignalEdgeUpdated 4
Coinbase Bounces Back Strong: Profits Surge as Crypto Rides High In a resounding testament to its resilience, Coinbase (NASDAQ: NASDAQ:COIN ), the leading cryptocurrency exchange, has surged back into profitability with a staggering $273.4 million profit in the fourth quarter of 2023. This remarkable turnaround comes on the heels of a tumultuous period marked by regulatory challenges, market volatility, and legal disputes. As the crypto market roars back to life, Coinbase ( NASDAQ:COIN ) emerges as a beacon of stability and strength, poised to capitalize on the burgeoning opportunities ahead. A Profitable Rebound: After weathering a storm of adversity, Coinbase ( NASDAQ:COIN ) has emerged stronger than ever, reporting a remarkable turnaround from a loss of $557 million in the same quarter a year ago to a profit of $273.4 million. This impressive feat can largely be attributed to the company's strategic initiatives, including the bolstering of its balance sheet by reducing debt by $413 million and leveraging its stablecoin reserves to generate higher interest income. Stablecoin Resilience: One of the key drivers behind Coinbase's ( NASDAQ:COIN ) resurgence has been the impressive performance of its USD Coin (USDC) stablecoin. With a staggering 18% jump in interest income to $171.6 million, USDC has played a pivotal role in shoring up the exchange's profitability. This underscores the growing importance of stablecoins in the crypto ecosystem and highlights Coinbase's adeptness in capitalizing on this emerging trend. Regulatory Battles and Legal Challenges: Despite its remarkable financial performance, Coinbase ( NASDAQ:COIN ) continues to grapple with regulatory uncertainties and legal disputes. The Securities and Exchange Commission's lawsuit alleging the sale of unregistered securities through its staking service looms large, casting a shadow of uncertainty over the company's future. Nevertheless, Coinbase ( NASDAQ:COIN ) remains undeterred, vigorously contesting the lawsuit as it navigates the complex regulatory landscape. Riding the Crypto Wave: Coinbase's ( NASDAQ:COIN ) resurgence mirrors the broader revival of the cryptocurrency market, fueled by the meteoric rise of Bitcoin and the approval of crypto exchange-traded fund (ETF) proposals. As Bitcoin soared to new heights throughout 2023, Coinbase stood as a steadfast custodian, providing essential services to spot Bitcoin issuers and cementing its position as a cornerstone of the crypto sphere. Looking Ahead: Buoyed by its robust financial performance and strengthened market position, Coinbase ( NASDAQ:COIN ) is poised to capitalize on the myriad opportunities that lie ahead. With its unwavering commitment to innovation, regulatory compliance, and customer satisfaction, the company is well-positioned to navigate the evolving crypto landscape and drive sustainable growth in the years to come. Conclusion: In the face of adversity, Coinbase ( NASDAQ:COIN ) has emerged as a shining example of resilience and adaptability. With its triumphant return to profitability and unwavering commitment to excellence, the company stands poised to shape the future of finance in an increasingly digital world. As the crypto revolution gathers momentum, Coinbase ( NASDAQ:COIN ) remains at the forefront, leading the charge towards a more inclusive and decentralized financial ecosystem.Longby DEXWireNews5
Coinbase Update: In the box for iiiLooks like the turquoise count it is, and price got a huge boost from earnings. Not before it dropped down to $153.07 (low $150's) as I called for. It took all of 2 minutes for price to drop down that low before rocketing back up to the $190's though. I would expect price to make another high up to the 1.382 extension before retracing for wave iv, but it isn't required. After price tops in wave iii, it should drop to around the 1.0 @ $180 for wave iv. It is at that time I will most likely look to buy back in. No guarantees though as I won't push it. As I have said in the past, I fear losing money much more than missing out on profits. I work hard for these profits, and I won't squander them on what ifs. There are always trades to be made somewhere, I don't need to take outsized risks for them. Not to mention, entering at the bottom of retraces makes the risk / reward much more in your favor. Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.by TSuth131317