COIN trade ideas
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.
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.
CoinbaseAccumulation is broken, now they will try to accumulate about 40-45.
39.48 possible rebound level in a multiple zigzag.
COIN. I'll be back!Considering the correction of wave 3 (micro) completed as WXY, 5th wave target is at least 100.
Take popcorn, we are going long.
COIN AnalysisPrice has played out as analyzed last week. Price is currently at the bullish POI at 79.00 where I'm expecting a bounce to the upside. We have buy-side liquidity built above. Price could possibly go up from here and take this liquidity next. Alternatively, price could continue down to take the sell-side liquidity. I'm leaning towards going higher.
Coinbase TargetBellow is my analysis about NASDAQ:COIN price target using fibbonaci internal and external retracement.
COIN - TRADE PLANCheck out the trade plan for COIN today based on the technical analysis. Hit the thumbs up if you like the content.
Coinbase On Its Way DownCoinbase has reported declining earnings for the last two consecutive quarters in a row.
The recent high peaked at the downward slopping trend line which corresponded with a 50% retracement.
Expect $COIN to decline in tandem with the crypto markets.
COIN - Gap down Jumped the big supply area around from 83 to 77 and closing lower on higher volume. Might do quick reversal but at this point i think 63 area is possible. will look for longs on the way down (63 and hopefully the 50 area). watch out for bitcoin's price.. Please share your comments. NFA
$COIN going on vacation selling putsGoing on vacation out of the country for a few weeks. I like selling OCT $60 puts as an idea to help pay for the trip and more of a hands off strategy.
Coin is down -10% today and been putting in high beta moves. However with a nice volume shelf and demand in the 60 zone, I don't mind selling cash secured puts for 6.75 in credit.
Worse case, I get assigned and start wheeling on this juicy name. Will start trimming at +30% or so depending on time. I really don't want to be checking the market while on vacay though.
Cheers
COIN - At Support Sitting at support with price unable to close below the window top at 82.25. If the window holds might do a retest of 100 - then 105 and 113. if the window fails, look for support at 21/50 EMA 1D or worst case scenario down to 62-50 area..
Coin longNice basing after black rock news would be nice to see this squeeze after a couple days of chiling here (potential gap fill reversal play here)
COIN AnalysisPrice is currently consolidating. No changes in my expectations for the price. I'm expecting price to go lower from here, taking out the sell-side liquidity built. Alternatively, we could see the price bouncing off the bullish POI at 79.00.
COIN finally broke out from consolidation ⚡now its trying to use previous resistance from its consolidation faze as a new support! very bullish if this happens!
Watching for break of 98.23 for longs / break below 79.82 for shorts
dont forget to drop a boost and follow for more 💛
COINBASE call debit spread 80-120Price consolidating in channel of previous neckline. Will be looking for houly bullish divergence on rsi for long opportunity for next leg up. In the money Call debit spreads with 3-4 week outlook. Targeting daily supply (120)
Coin forming a base? Coinbase
Short Term
We look to Buy at 84.07 (stop at 66.49)
Price action looks to be forming a bottom. Price action looks to be forming a bullish flag/pennant. Dips continue to attract buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 80.00, resulting in improved risk/reward. Expect trading to remain mixed and volatile.
Our profit targets will be 148.88 and 159.10
Resistance: 115.00 / 150.12 / 206.00
Support: 80.00 / 50.34 / 44.15
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Rectangle*Short interest is over 20%*
Neutral pattern.
ES is a break of bottom trendline with a down trend and vice versa.
Targets above the rectangle are possible targets up and vice versa.
Price should break a trendline with a clear trend in that direction.
I see a partial throwback where price broke free of top trendline but appears that an earnings miss threw price back to the top trendline which is now support.
Coin moves with the coins I suppose. It seems the coins have been moving with the market as of late.
Bullish Harami right now. This can change by close.
Support and resistance levels were made to be broken.
No recommendation
$COIN - Patience is Key.... time to reload [¦¦¦¦ ]--layoffs
-$btc (mini-)run
-markets recovery
->Next earnings may not be that bad. Just reload and cross your fingers!
Obviously, this is no trading advice LoL
$COIN - Coinbase: Bearish Rising Wedge formation and Triple TopBearish Rising Wedge formation and Triple Top in 4h TF.
I expect it to dump to the first support level at $60.. Most likely $BTC will follow this move.
