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COIN trade ideas

Coinbase Update: 1/28/24Nothing has changed from last week's Coinbase post. I feel this is most likely corrective action and we have one more slight low to make. If this is the case, then we need to make another slight high to finish this c wave before making that slight low. Once this is complete, we then take off for our next push higher. The next target is $190 at the minimum. If this is not the correct count, then the alternative is to drop down to sub $100 easily. With Coinbase being one of the main custodians of crypto in the US, and crypto obviously in a new bull rally, I find it highly unlikely this has all been a giant ABC signaling those lower prices. IMHO, I don't think Coinbase will ever see sub $100 prices again unless something extremely unforeseen happens or the SEC starts a war with them.
NASDAQ:COIN
by TSuth
16
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...
NASDAQ:COIN
by TSuth
3
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
NASDAQ:COINShort
by dRends35
2
📊 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.
NASDAQ:COINShort
by AlanSantana
7
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!
NASDAQ:COIN
by TSuth
3
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
NASDAQ:COINLong
by TSuth
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. ................................................................................................................... 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.
NASDAQ:COIN
by CryptoTrend-Alerts
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.
NASDAQ:COINShort
by SabahEquityResearch
7