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COIN trade ideas

COIN earnings on 8/9 @ 4:10pmCOIN earnings are on 8/9 @ 4:10pm. Coinbase is jumping today after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin. Services in the company's Prime offering will be available to clients of BlackRock's portfolio management platform for institutional investors. BlackRock is the largest asset manager in the world with more than $8 trillion under management. My target is +$120 by next week Tuesday 8/9. Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NASDAQ:COINLong
by Options360
4
BlackRock’s crypto deal helps COIN shares ahead of Q2 results Coinbase's shares breached a nine-week high and peaked at $101.18 in the first week of August following the announcement of its partnership with the world's largest asset manager, BlackRock. Shares of the cryptocurrency exchange platform operator had been on the rise and reached the nine-week high of $80.81 when the market closed Aug. 3. The following day, it rose further after the partnership was made public and closed the week at $93.05. Starting a new trading week yesterday, COIN climbed another 5.4% and has now settled at $98.02. Private equity-crypto fusion On Aug. 4, Coinbase and BlackRock said they are teaming up to deliver direct cryptocurrency access to institutional clients of Aladdin, the private equity giant's end-to-end investment platform. The collaboration makes use of Coinbase Prime to provide Aladdin clients with crypto trading, custody, prime brokerage and reporting capabilities. Industry participants believe it could set a precedent for other investors and alter how they look at crypto economy, Blockworks.co reported. They added that it is an indication that institutions are looking beyond the current widespread volatility. Bullish on Q2 figures The spike in Coinbase's shares was also attributed to analysts' forecast of better-than-expected results for Coinbase's second quarter performance, Cryptoslate reported. Considering, however, that Wall Street's expectations is a year-over-year decline in earnings. Since the beginning of 2022, bitcoin has lost more than 50% of its value because of tighter global financial conditions. This dragged Coinbase's shares more than 60% since January, Quartz reported. The BlackRock collaboration couldn't have come at a better time for Coinbase. However, for short sellers betting against Coinbase, the latest development might have been an unwelcome surprise as it prompted them to close their positions by buying shares, which pushed the prices even higher in what was known as a short-squeeze, The Wall Street Journal reported. World’s largest asset manager BlackRock had $8.487 trillion in assets under management as of June 30 and being the world's largest asset manager, any investment move it makes hardly goes unnoticed. Coinbase, with a more traditional client base, could definitely benefit from BlackRock's vote of confidence and the additional exposure to Aladdin's more than 200 institutional users, including insurers, pensions, corporations, banks, and asset managers. For BlackRock, the partnership is the latest step into its digital-assets ecosystem journey, which seemed unlikely five years ago when its chairman, Larry Fink, called bitcoin an "index of money laundering," Forbes reported. Joseph Chalom, global head of strategic ecosystem partnerships at BlackRock, said "this connectivity with Aladdin will allow clients to manage their bitcoin exposures directly in their existing portfolio management and trading workflows for a whole-portfolio view of risk across asset classes." Furthermore, according to Quartz, the deal is a way for BlackRock to dip into crypto markets with little effort and risk. It noted that working with Coinbase will allow the asset manager to abandon the project if clients lose interest, or regulators crack down on crypto trading, which is something it cannot do if it opted to build its own crypto capability. Coinbase is slated to announce its second-quarter results after market close on Aug. 9. During its first-quarter results announcement in May, the company wasn't very bullish of its prospects for the April-June quarter with expectations of quarter-over-quarter drops in monthly transacting users, total trading volume and subscription and services revenue. Back then, it also kept its full-year 2022 guidance and reaffirmed commitment to a significant, yet prudent, investment in the future of crypto.
NASDAQ:COIN
by BlackBull_Markets
Coinbase with a massive pump. Will it last?The first sign that Coinbase was bottoming was that it dropped 90%. Very few stocks fall so much without bouncing at some point. The second was Fred Ehrsam, its co-founder who now runs Pm, a venture fund, bought 75m USD worth of shares with an average price of 70$. Whenever a founder is getting in after a crash, especially one running a venture fund, it's time to pay attention. www.coindesk.com Then despite Bitcoin and Ethereum making new lows in June, COIN didn't follow. Despite all the blowups in the space, Coinbase wasn't affected, and its business model remained healthy. The price then failed to make new lows when negative news about negative earnings, firing employees, insider trading, and nine tokens trading on its platform being declared securities led ARKK, which also prompted Cathie Wood & ARKK to dump their 1.4m worth of Coinbase shares. www.forbes.com markets.businessinsider.com As Coinbase was clearly in accumulation mode and was going sideways, the news about a partnership with Blackrock popped up and created a massive surge in the price. In my opinion, it wasn't so much the news that caused the pump, but it served as an essential catalyst. The rally was so strong that the stock trading was paused and fell lower once it resumed. However, it wasn't just the pause that led to a pullback but also the fact that it hit significant resistance. This looks like a normal pullback, and the stock will rally higher at some point, although it might first fill the gap lower and retest the 75-80$ breakout zone. Therefore a dip here could be an excellent buy-the-dip opportunity, with the following primary target being 200-220$. www.theblock.co
NASDAQ:COIN
by BitcoinMacro
How about them applesWell kids.... If anybody was playing last night I hope you enjoyed the price action ala black rock.. Well an incredible time to be alive and limited time for all a standard traders to get on coinbase.. Like I've said all along This is going to really shake up alot of people that I did not see his coming.. I did.. I made this trade and discovered it via being in between conciousness states.. I won't tell you exactly what happened because then everybody would be doing it, right? Happy days.... I am an intuitive Trader that uses logic and intuition and the connectedness of the universe to make insane high value trades secured by diamond hands... I'm educated as a scientist, and explore the Spooky World of non local conciousness trading... Peace and love to all...
NASDAQ:COINLong
by The_Master_
1
Filling the gapCoinbase stock is about 90% down since the first open. One would get spooked by that, but that's normal in the crypto world. It is also normal in crypto world to trade against your own customers, insider trading is prevalent, listing unregistered securities and promptly dumping them on retail is also normal. After SEC started investigating the company even the most die-hard funds who've though that Coinbase is the future have dumped the stock. I'm specifically talking about Cathie Wood's Ark Invest. Ark selling was the buy signal. Taking a long to fill that gap. Mind this is a nearly 50% swing trade. You would think that is not normal, but with crypto it is. Good luck.
NASDAQ:COINLong
by Owcheew8
1
COIN - Rinse And Repeat 😨🙀COIN here having a big collapse after tagging 1:1 with overshoot along with indexes and BTC falling. I've changed my count here i think its just repetitive 3 wave counts -probably ABC (or WYZ - who cares really). I've made a retracement band for a potential low again but today's momentum candle is enormous - down 15% already. And so I think perhaps similar to the previous accumulation WAAAAAY up it did a similar thing and broke out only to re-test the lows. And so I will be looking more to BTC and NDX to try to gauge a re-entry from here. That said RSI should get down to 20s, anything below will probably be a good buy. Nat advice.
NASDAQ:COIN
by dRends35
2
Earnings watch 5/10Earnings watch 5/10 COIN LI RKT WKHS NCLH OXY SOFI MTTR BHC WYNN Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NASDAQ:COIN
by Options360
21
Coinbase: returning to key supportCoinbase Short Term We look to Sell at 63.59 (stop at 70.72) The primary trend remains bearish. We are assessed to be in a corrective mode higher. A move higher faces tough resistance and we remain cautious on upside potential. Preferred trade is to sell into rallies. Trading volume is decreasing. Our profit targets will be 45.94 and 41.01 Resistance: 63.00 / 78.00 / 163.00 Support: 53.00 / 50.00 / 46.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:COINShort
by Saxo
1
$COIN: Expecting Further DownsideMy count on $COIN has it going significantly lower. From its inception, the pattern appears to be corrective, and should need to see further downside in order to complete cycle (yellow) c, at a minimum. That will not ensure that the pattern is complete, however, as that itself may only be the first leg of an even larger 3-wave structure, but we will have to wait until we can try to make that assessment. The target posted is based off of a fib relationship that I expect to see at a minimum for the next leg down.
NASDAQ:COINShort
by CHTradingGroup
COINBASE, when you taunt the SEC one too manyNASDAQ:COIN Hi friends, Today was a Good Day! At the beginning of this month I went on an adventure, I've done my due diligence on Coinbase. An exchange I love, It was a first legit crypto exchange I used back in 2013. Our relationship was great, coins went in cash came out. ____________________________________________________________________________ I decided to flex and did a bit of financial evaluation. ____________________________________________________________________________ My Idea on July 4th - Coinbase *checks papers* overvalued, yielded a great Long towards the resistance. Consensus was simple, I would like to see Coinbase trade closer to its Tangible Book Value, a range of 35.22 to 23.48 July 20th Idea - Coinbase Rumors with some News sprinkled on top. I was still in an active trade, targeting 70.3 and seeing where it goes from there. I've presented a timeline of what I believed were signs of trouble at Coinbase. July 22nd Idea - COINBASE What happens to a dream deferred? With my Long trade completed, I've reassessed my targets and prepared to Short. Targeting 63.5, and 53.5 if all went well. For a few days the price cruised along the upper channel wall. And then I saw THE NEWS! Coinbase taunts the SEC, and next day they're under investigation. As Short signals go, that was a pretty solid one. Today both Targets hit, the price currently sits near 53.5. Best case scenario, I see the price reach my Tangible Book Value range sometime around August 9th. _____________________________________________________________________________ I invite you to checkout my other three Coinbase ideas, linked below. If you found any of this interesting, please leave a like/comment. Thanks! WhoIsWu
NASDAQ:COIN
by WhoIsWu
RectangleNeutral pattern until a trendline is broken with a confirmed trend in that direction. Targets in white are for a break to the upside and orange targets are below the structure and are targets to the downside. No recommendation. Short is 22.57%. Some feel anything over 20% is a bearish sentiment. I do not like going long if short is even 5%. Call me chicken (o: But I do go back to look at the chart and figure out why short interest is so high sometimes. I will look for the pattern or patterns causing the high short interest or the news in case of bad news I am unaware of. From what I read, analysts are bearish on earnings on 8-9 AMC. EPS (FWD) -2.32 PE (TTM) 7.24 Div Rate (FWD) - Yield (FWD) - Short Interest (high short) 22.57% Market Cap $14.89B
NASDAQ:COIN
by lauralea
2
COINBASE What happens to a dream deferred? Part Two of the Qualitative and Quantitative NASDAQ:COIN analysis. Quantitative My updated levels for Coinbase are 63.5 and 53.5 , these are support levels and potential Short targets. I added the 105 level for balance, Long target but I wouldn't hold my breath for it. Tangible Book Value Range is still the same: 35.22 to 23.48 Net Current Asset Value: 11.48 The price has reached an upper wall of the channel I traced from around November 2021. Considering the volume Coinbase trades with, I think it can easily break through this wall, whether if I think it should is another topic. I've linked my previous Coinbase ideas below, if anyone is interested in previous levels. Qualitative I will list the events and at the end make a conclusion as to why this Qualitative analysis matters, and how it should affect the NASDAQ:COIN price. Coinbase in the news, July 21 July 21st 2022 - Former Coinbase product manager charged with tipping off co-conspirator about tokens that were about to be listed on the exchange. This is commonly known as insider trading . Link to the official Press Release is attached below. www.justice.gov This was originally brought to light by a Twitter user Cobie, on April 12th 2022. Brian Armstrong, the CEO of Coinbase in a twitter thread has revealed that since April they've investigated the alleged misconduct and provided the information to law enforcement. Happy ending, Coinbase did the right thing. Investigations take time, especially when multiple agencies are involved, if anything the timeline from April to July 21st of Investigation to Indictment is very quick. For those of us following the crypto industry, often hear the word Regulation , we understand it's just a matter of time until the industry gets regulated. It is funny that Coinbase in doing the right thing and reporting insider trading, led to the SEC officially naming several Coinbase listed tokens as Securities. What will this result in, I can't tell. I linked the official SEC Press Release below. Tokens Affected: AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, KROM Regarding the DFX and KROM tokens, they do not show up in Coinbase symbol search, I assume they're no longer listed. www.sec.gov Conclusion Coinbase has been struggling with financials, looking at the chart, it is clear that a lot of value has been lost. But, Coinbase has also done a lot to optimize it's operations since last quarter. Earnings Report is on August 9th, and I intend to read through the 10-Q. Coinbase listed tokens being named as securities in the SEC report, SEC has mentioned before that currently it does not consider BTC and ETH to be securities, this might change. I anticipate Coinbase will revise it's listing framework, stricter rules, stricter due diligence. Either way, short term effects will be clear when the market opens today. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
NASDAQ:COIN
by WhoIsWu
COIN - Corrective PA Before Breakout 🧑🏻‍🚀Since COIN pump yesterday it now looks like the bottom is in and it may be printing a descending wedge before the trend reverses to the upside. Both B waves of AR Automatic Rally and within the wedge look like corrective reaction to dumping, but yesterdays pump looked impulsive not reactive - again indicating reversal. Bullish RSI divergence since potential SC Selling Climax. For the potential E wave it is common that they do not retrace back to the trendline due to upward momentum shift. Also NDX index looks like it can rally into a hard bounce any day now. I had already begun buying before yesterday's pump and will continue to buy this area. Not advice.
NASDAQ:COINLong
by dRends35
25