CoinBase Trade IdeaSupply Demand level for Coinbase. Currently coinbase is coming back from a very strong supply zone.
COIN trade ideas
COIN is testing for pressureCOIN is testing for pressure
This chart shows the weekly candle chart of Coinbase stocks in the past two years. The graph overlays the high points at the end of 2021 against the golden section. As shown in the figure, Coinbase stock broke through the upper edge of the current fluctuation range from May 2022 two weeks ago, and confirmed by stepping back at this position this week! And this position also happens to be at the 2.000 position of the golden section in the figure, so the strong pressure above the Coinbase stock is at the 1.618 position in the figure!
COINBASE-SELL strategyso far so good. The SELL idea working out, but think we have more downside move to come.
The weekly (not shown) also shows negative stochastic, so overall we may return toward 75.00 again is my personal view.
Strategy SELL or add @ $ 93.50-98.00 and take profit @ 79.75 for now.
Coinbase ($COIN) in phase D of Wyckoff accumulation schematic #2Coinbase ( NASDAQ:COIN ) shows strong similarities with Wyckoff accumulation scheme #2.
Unlike Wyckoff accumulation scheme #1, #2 doesn't have a "spring," but in phase C, the bottom of the TR (Trading Range) is tested by selling that is reversed by an aggressive buyer. Phase C and the buyer have similarities with Cathy Wood's AMEX:ARKK investments purchase of NASDAQ:COIN , where she bought 400,000 shares of Coinbase on 6th of June, undoing the selling pressure. This can be observed in the chart by looking at the huge volume increase on June 6th, see; "Last Point Of Support" (LPS) in phase C.
Where is price now?
The price is currently in phase D. In this phase, the stock demonstrates strength proven by increasement of volume and price increase (SOS) and price fluctuates near the upper end of the range. Price might test Back up/ Last point of Support and consolidate upper end of the TR.
What's next?
With the first announcement (not the final decision) regarding the AMEX:ARKK ETF approaching on August 13th, this stock may break out of the TR after spending some time in phase D and send stock price higher due to positive news.
Important to mention;
Because there is no "spring" shown in the chart, identifying phase C is more challenging. Typically, the Wyckoff accumulation TR in phase C has clear aggressive sellers pushing the price below the TR, only to be bought up afterward. This is not the case now.
Alternative
One scenario to consider is that phase D might actually be Phase C in Wyckoff accumulation scheme #1, and after this, there could still be aggressive selling pressure causing the price to fall below the TR and form a spring. This could be accompanied by negative market sentiment or bearish news for Coinbase or the ETF decission.
Harmonic DEEP CRAB Coinbase Global is a stock I've see Crypto sometimes depend on. Reads a bullish move, if so, BTC moves up. I have more good news to show BTC shows an uptrend in August.
COINBASE: The flight continuesBe ready to form purchases in the 4th phase of the wave. We are in for an exciting upward movement.
Coin to 8 dollars. Short squeeze is a market makers out.I didn't think that we were going to scam pump so hard, but the exit liquidity was required.
The market maker has shown their hand. They want out and they are getting out at the top of the range. had we hit the lower levels (44) or (38) before the spring then things would be different right now. Instead the Market maker has initiated a short squeeze. this is why I do not short scam markets. He will take the liquidity from the short squeeze to exit his position.
Once the shorts have covered up here, then expect 7-8 dollars for this stock.
People will laugh, people will talk shit, but they will lose all their money so I don't care.
Trend is still down.
"crypto" is a shadow of its former self. Bitcoin is captured by the state, and the rest are being attacked by the state.
If you don't understand. I don't have time to explain.
COIN - to $105I would like to wait for a pullback, if given a long to $105 looks like a good bet. Breaking above year long resistance currently also btc looks good right now.
COINBASE-SELL strategy Daily chartCOINBASE is way overextended, and the pattern forming, suggest we are turning around lower. We are trading below GANN resistance @ 106.00. The stochastic as well as RSI are NEG.
Strategy SELL current @ 101.00-103.00 and take profit @ 88.50 for now. Stop-loss above 107.50.
$COIN - an updateNASDAQ:COIN Today's price action cooled off the over heated RSI.
The stock is at the prior resistance and congestion area. Hence the stock is having a hard time breaking $115. It might consolidate in this area a bit.
Once the price gets above $115, it can head to $147.
On the other hand, if we see a strong pull back, we could see $87. 💥🚀💰 Still holding onto my positions.
Bearish Alert : COIN15 minutes
New Bearish Alert after a long run. This time it comes together with a negative price action and bearish crossover.
COINis it short squeeze time?
COIN has high short interest, over 20%
price is consolidating above channel and resistance
over 115$ could trigger a squeeze
targets on chart
COIN -Classic Gartley PatternChart posted 7-26-2021 at 9:56am ET. I have been in coin since 231.90. It had previously had downside action, but I correlated this to the BTC market- and if you seen my BTC charts there was bullish momentum set to occur and we got it over the weekend so today we have seen a super huge bullish signal and also a Gartley pattern that should take us upside. Pretty simple. May take some time depending on BTC price action, but I like this long up to 270 price target. The macro pattern is a bearish shark- so I think price will shoot up quickly and then decline just as fast so be ready.
Digital and technical analysisWe notice that there is a divergence and that we are in a big correction for the downside
$COIN BULL FLAGbull flag with a small risk & big reward
i'm watching volume on this one and if it holds up it'll be a decent profit
DISCLAIMER:
Do Your Own Research
Do not take any trades based solely on my posts and charts.
COIN BASE LONG FORECAST Im closing my shorts at 52 and will be gong long around the 2 target levels im expecting resistance around the yellow levels when the long beings but if they break im going to be pyramiding more long entries
from a fundamental standpoint im still bearish on the overall market as the fed needs to raise interest rates to lower inflation
and u know higher interest rates make it difficult for businesses to you get the gist
plus people getting layoffs erryweek
so if price fails to break my yellow levels ill be seeking short continuations
COINBASE Victory lapCoinbase wins decision over SEC lawsuit pushing the stock here this is a big accomplishment and win for the company. With blackrock wanting to create a bitcoin ETF and coinbase being a potential part of that and Earnings coming up this can ROCKET!
Short term watching for a break out of the wedge and a 59% gain up to $100.
This stock was once at a high at $430
COINBASE-SELL strategy daily chartOne can clearly see that it ran loose without control. We moved beyond the channel parameters, and this is already a sign we may turn the tide a bit. The RSI is strongly overbought, and stochastic negative.
Strategy is SELL @ 105.00-106.00 and take profit @ $ 85. for now.
Coinbase position follow upOur trade idea went very well. May take some profits and leave the rest till my TP level
$COIN going higher?? Or nose dive? (According to #fintwit)Friday the 14th was an insane day for $COIN. I ended loosing $800 after being up $2.3k in the first 15 min at the open and then lost all of it throughout the day trying to get back in.. :(
However! I am currently long holding over the weekend (EXTREMELY RISKY) because the chances of NASDAQ:COIN opening up at or near the same price it closed on Friday is LOW. I think it opens higher, let me tell you why.
You're looking at the 15 min chart. As you can see, Friday morning had an INSANE amount of buying and then it was rejected at the $114.30. It took all day to digest those gains until the 14:00 15 min candle, where we get a reversal. The volume that follows is bullish and rivals the selling that took place throughout the day, so buyers defended the the $104 level.
Is there a chance NASDAQ:COIN opens up below $100 and I eat my words and cry? Yeah probably, and I'm prepared for that. Nothing in the stock market is certain and nothing is owed to you. Stay humble or be humbled..
Let me know what you think about this and my latest posts. Feedback is always welcome. It's okay to be wrong but it's not ok to stay wrong.
Coinbase thesis _ the next gamestopCoinbase thesis.
Super long
Key points
-Seen as top tier trust option of all exchanges.
-Only one listed on US stock market
-pic and shovel biz model of crypto
-matching gains & volatility
Pros
Price action linked to btc
Protection from wild West nature of crypto
Safe haven for large investors
Set up .
Coinbase massively down since ipo.
Target 12 months
-400's. ++
Key points over time .
Dominoes that have fallen..
-Ftx goes down. (Mjr competitor)
-Voyager goes down.
-Black Rock jumps in
-5 potential spot etf applications using coinbase.
-Sec ruling xrp
....and the rest is history
This can be another GME.
It's authentically undervalued.
Enjoy.🙏
Rectangle/OVERBOUGHTPrice has broken up from the rectangle.
Bad candle today but as of late any candle or candles need confirmation.
The psychology of a shooting star can be the bull's had price at the top of that upper wick but the bears won and brought price back down. This occurred at a resistance level which can make it more important.
This candle can change by close.
Overbought.
T1 and T2 met.
No recommendation
COIN earnings 8/3/23COIN earnings are on Tuesday, August 3rd, 2023, at 4:10pm. Coinbase Global Inc (COIN) reported Q1 March 2023 earnings of 0.15 per share on revenue of 772.5 million. The consensus estimate was a loss of $1.44 per share on revenue of 0.2 million. Revenue fell 33.8% compared to the same quarter a year ago. Today's pop was because a judge in the Southern District of New York ruled that XRP is "not necessarily a security on its face". I'm posting this as a short because of the setup entry point going into COIN earnings on 8/3/23. Technically, the time to go long has already happened more or less, until there's a significant pullback to a support level. With that said, COIN probably has momentum for a few more days, so I wouldn't go short immediately.
Q2 June 2023 Consensus:
EPS = -0.76
Revenue = 636M
PE = -8.43
100SMA = 63
200SMA = 69
COIN 1 day chart TTCATR 20VWMA levels:
R3 = 115
R2 = 106
R1 = 98
pivot = 91
S1 = 82
S2 = 74
S3 = 65
Options data:
7/21 expiry
Put Volume Total 86,815
Call Volume Total 123,681
Put/Call Volume Ratio 0.70
Put Open Interest Total 112,134
Call Open Interest Total 88,154
Put/Call Open Interest Ratio 1.27
8/18 expiry
Put Volume Total 28,581
Call Volume Total 26,454
Put/Call Volume Ratio 1.08
Put Open Interest Total 58,067
Call Open Interest Total 55,295
Put/Call Open Interest Ratio 1.05
9/15 expiry
Put Volume Total 9,965
Call Volume Total 14,061
Put/Call Volume Ratio 0.71
Put Open Interest Total 60,706
Call Open Interest Total 40,379
Put/Call Open Interest Ratio 1.50
