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COIN trade ideas

Coinbase Climbs as Bitcoin Hits Two-Week HighWith Bitcoin surging to two-week highs on Monday, we’re going to shine a spotlight on the world’s largest cryptocurrency platform: Coinbase. Trump Seen as Pro Crypto Candidate Monday’s rally in Bitcoin can be attributed to the attempted assassination on former President Donald Trump over the weekend. This incident has increased the likelihood of Trump winning the upcoming US presidential election, which traders view positively for the cryptocurrency market. Trump, who is the presumptive Republican nominee, has been vocal about his support for cryptocurrency. He has hosted industry executives at Mar-a-Lago, endorsed US-based Bitcoin mining, and his campaign has accepted cryptocurrency payments, a first for a major US political party. This pro-crypto stance has fuelled optimism among investors, driving Bitcoin's price higher and subsequently boosting related stocks like Coinbase. Coinbase's Market Reaction As Bitcoin rallied, so did Coinbase. The largest centralised digital asset exchange in the US saw its shares leap 12%, marking its best performance since February. This surge underscores the symbiotic relationship between Bitcoin prices and the fortunes of crypto exchanges. In the first quarter (Q1), Bitcoin alone accounted for 33% of trading volume on Coinbase, highlighting its critical role in the exchange's ecosystem. Technical Analysis of Coinbase Coinbase's share price has been trending higher over the past year, with broken resistance levels often serving as support. Several technical indicators reflect this strength: • Moving Averages: The 50-day moving average is comfortably above the 200-day moving average, indicating a strong upward trend. • Price Action: Coinbase's price action cycles between sharp, volatile moves higher and periods of choppy sideways consolidation. After a significant rise in Q1, Coinbase spent Q2 forming a wedge consolidation pattern, moving sideways. • Recent Performance: Monday's surge, backed by increased volume, has pushed prices toward the top of the wedge. A breakout from this wedge could signal the start of a new upward trend leg. COIN Daily Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:COIN
by Capitalcom
COINBASE #COIN priced in #Bitcoin 3X outperfromanceShould u just buy Coinbase stock rather than the go through the hassle of Buying , storing, off-ramping profits back to your bank. It is far easier for big money who want some crypto exposure to just buy crypto stocks. All in their familiar regulated platform, hence why the Spot ETF is so important... But who are the custodians Blackrock is entrusting to hold their #BTC..... Coinbase This will be a big money maker for Coinbase and hence why it could actually overperform and get back to all time high's in the next two years.
NASDAQ:COINLong
by BallaJi
3
Coinbase UpdateIt never fails, when I make a post on here some people think we can only move in one direction. Any slight deviation and they come running trying to say the whole analysis is wrong. These few individuals are small minded and no matter how many times I repeat it, they don't seem to comprehend that charts move in cyclical patterns. Just because we get a move higher doesn't mean we won't head back down. According to RN Elliot, price moves in corrective and motive waves. For instance, C waves can either be a larger 3-wave corrective pattern or 5-wave impulsive pattern. In this particular instance, Coinbase is carving out a larger 3-wave corrective pattern. Looking at my chart, you can see we have carved out the intermediate (A)-(B) waves and have begun wave (C). The (C) wave is creating a larger 3-wave pattern which is indicated by the minor A-B wave labels. A wave is already complete, and we moved into my target box for wave B. B most likely isn't yet complete and is targeting the area of the 0.786 @ $250.62. This doesn't mean price cannot move higher than that. It is simply implying that this is the "standard" ending for this type of pattern. Once wave B does conclude, we should head lower for wave C of (C) of ((4)). That target for me hasn't changed for over a month now. Once we carved out the (A)-(B) waves we created that target area. The only thing left to do is track the (C) wave down to get more of a refined target. As of now, it looks like wave ((4)) will be targeting the $160-$170 area for completion. We won't know for sure though until minor wave B finishes. I think that once BTC and the other major cryptocurrencies finish their respective retraces higher, Coinbase will be sure to follow. We all know how volatile crypto can be too. So don't be surprised when Coinbase starts to drop soon. P.S: Germany, along with many other countries have been liquidating their BTC. I wonder why and how that will affect Coinbase???
NASDAQ:COIN
by TSuth
13
Coin reset 100 EMA before earningsCoin has been a story of rapid pumps upward and then slow downfalls into accumulation. I have two previous ranges highlighted here coinciding with the 100 EMA touches (support). There is a ton of contraction of price in between the red resistance and multiple supports. The weekly stochastic RSI has also been bottoming, I call for expansion here. If we are to repeat this cycle again the break of this downtrend should be very soon. Remember Coinbase now is the custodian for many of the BTC within ETFs (blackrock). This should add to revenue alongside their other metrics. -Target 1= 248$ -Target 2= 279$ -Target 3= 302$
NASDAQ:COINLong
by Apollo_21mil
COINBASE targeting $470 after this accumulation is over.Coinbase Global (COIN) has been consolidating around its 1D MA50 (blue trend-line) since late May. The long-term trend remains bullish (since the January 2023 bottom) and is best illustrated by the use of the Fibonacci Channel. Right now the price is exactly on its middle (0.5 Fib level). The stock is no stranger to consolidations like this as within this Channel Up pattern, it has seen another 3 similar Accumulation Phases (green arcs). The minimum rise following such a phase has been +146.82% and it has so far happened twice. The last Bullish Leg is such an example. Technically, the current Accumulation Phase resembles more the one that ended in October 2023. The next time we close a 1W candle above the 1D MA50, COIN will most likely confirm the start of the new Bullish Leg. If we assume it will again rise by the 'minimum' +146.82% rate from May's Low, then expect a direct hit this time at the top (Higher Highs trend-line) of the Channel Up. Our Target is $470.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:COINLong
by TradingShot
4
COIN - Time To Short This Great Crypto Stock I've been waiting a while for this one and now it is time to make a first short entry. The elephant in the living room is the big bad bearish divergence on the week chart. Apparently not many can see these divergences that stick out like a sore thumb but they have been very useful in knowing when to take profit. The coloured bands are of Golden Window Fibonacci extensions using the 3 trend based pivots at the start of the 2023 trend and also a reverse 2 point extension taking the accumulative summer '22 high and the bottom. Notice that the top is hitting exactly within these coloured bands. And so if that is a top then it is perfectly balanced in terms of ratio. I only took profit there as I suggested I might in the previous thread linked below. I didn't go short. But now it has printed a choppy ascending channel that can be a sign of upside weakness and the potential distribution shifting from bullish to bearish. Notice also that it may have topped within the retracement Golden Window; peaking at the 0.786 overshoot ratio. If the retracement has topped then that is more perfecto ratio. This whole bull trend has been the process of an ascending wedge with the top being that of a blow off phase. Due to this I think this should at some point capitulate through the lower trendline. In the end I think this will capitulate down to Accumulation support @ $116 and may even get back to the retracement Golden Window with the 0.618 @ $72. This may yet wobble around and could even print a slightly higher high, but it looks cooked I think and worth a short. If this plays out then buy-late-HODL-dreamers are going to get smashed. Client call: Not advice
NASDAQ:COINShort
by dRends35
24
COIN to Follow MSTR?Setups on COIN and MSTR are somewhat similar. Different in many respects because MSTR was at a high but very similar in the 4.23 extensions (Which often marks trend exhaustion). An additional factor to support the case for a possible reversal here is we have the 76 fib. If BTC breaks again, it's liable to make a really scary looking chart. And if that happens, bad things are coming for COIN. A very sharp return to those previous resistance levels.
NASDAQ:COINShort
by holeyprofit
5
$COIN - Playing in the Golden PocketOn the fibs, last time it went above .5, it went through the golden pocket and got rejected, then again, then it feel into a downard trend on the monthly. It's trying to break out of the downard regression, and is in the bullish channel, but is now facing rejection at the .5 fib again. Chance to break above and explore the golden pocket is possible, as well as a retracement to a lower fib level to consolidate more strongly to bust through it's original fib levels. Both fib level support areas on the monthly give a great range to trade both sides as this stock figures itself out. Earning coming up, and based on this last increase of crypto hype, coinbase is surely going to have strong numbers. Coinbase is also doing futures now, so it will attract retail gamblers, which could hurt and help coinbase, pending if people don't lose all their money if they would have just gambled going long like "the good ole' days" of limited crypto. For a hyper volatile market, new trading products serve to keep it volatile. Long term, bullish. It's a more robust system with the same affinity as HOOD Looking for longs and shorts to ride this thing on the way up not trade advice
NASDAQ:COINLong
by mike-ai-automation
The end of investing is here. Post-scarcity world economy beginsPost-scarcity economy is coming. No currency nor value in the future. Money is creating havoc in this world of competition and its coming to an end. Cost of living is free in the coming future so investing is a big waste of time and resources. As you can see the motivation in the markets is dying. Debt can no longer support the world economy any longer. The world is changing to save ourselves from extinction. No currency No investments No competition creates equality and richer lives with deeper meaning. There is no future if cost of living continues to rise and climate change affects global health and stability. A brave new world is about to happen and millions of wealthy people will not like losing there status. Enrich your lives and focus on reflection of ones self. Life is meaningless as a slave to cost of living. The End of value creation to promote wealth of knowledge.
NASDAQ:COINShort
by UnknownUnicorn35774657
5
Coinbase is gaining my confidence back. Support or notI am giving coinbase another chance with my investments. If performance in 2023 is strong and bullish i will move funds back to the exchange January 1, 2024 I set a goal for performance in 2023 and if trading performs atleast half of the projected pattern on this chart it will show that investors are increasing in confidence for coinbase. There is no prediction or forecast. Just is just a personal observation and goal i have set for myself. 2023 is a giant testing year of the markets to see when and where the money is going. Which companies will fail support and which companies will prosper with support.
NASDAQ:COIN
by UnknownUnicorn35774657
2
Timing of the SEC and look at that bullish breakout LOLDo not trust the SEC period...................................... The timing of everything they do is manipulative and illegal. I don't need to speak on that because everyone knows the SEC is the governments influencer to grab tokens for low costs. Crypto is for the people not the US government war machine tools for power. Playing with the lives of millions of people not just americans. Its not just crypto that is affected. Many large corporations are invested heavily and stock markets have paid a heavy price for the SEC actions. SEC and regulations of exchanges have done some major damage and the problem needs to be corrected soon. I am bullish for coinbase stock and this chart shows the proof. The moneyflow is us not the SEC or governments trying to manipulate. Support our market today or it might be gone tomorrow. Stock markets are next if they win against crypto with their illegal unethical tactics to control markets. Stealing money is wrong. Sorry was in a rush with my morning speech. Have good day everyone. Coinbase has earned my trust and i will stand by them.
NASDAQ:COINLong
by UnknownUnicorn35774657
2
COIN - Could See a Blow Off Phase Up To $269 🚀For COIN I think there are 4 key details: 1) Last week's bullish momentum candle (green arrow) is not to be ignored. As I said in the video (client only); Glenn Neely's charting maxim is one of my favourites; "The fastest wave dictates the dominant trend." And that is a fast pump. 2) The RSI has so many pitfalls and if a strong pivot did print here then this could be perceived to be bearish divergence. However a low RSI reading can also show that there is plenty of juice in the tank for the next wave up. So... I think it will be the latter and we will see a ripping blow off top. 3) The high and the low of the accumulation are the most likely pivots for an accurate Fibonacci extension to capture the top. The 1.618 Golden Window begins @ $269.3 and I think that will be the magnetic ratio. So I'll be looking for a top somewhere between $269.3 and the 1.786 overshoot ratio @ $338.34. 4) Distribution Resistance is not too far above @ $210.77. This is a very attractive high liquidity area for market movers to burst into, trigger stop losses to then reverse back down. So this is a magnetic area and that increases the probability of a further move up from here. ... In the end I think that we will see a correction and COIN will slump below the lower trendline. But ascending wedges very often break to the upside before collapse and I think most likely that will be the case here. Remember that COIN is subordinate to Bitcoin and so if Bitcoin did have a flash dump then COIN could reflect that with a dump to form a strong pivot which could print bearish divergence and that would negate point 2. And if it was a large dump then that could also negate point 1. So this analysis could change if a Bitcoin dump did come, but at this moment in time COIN looks set to print a blow off top. If it did move on up as described that would be a 60% pump to the 1.618 and a 98% pump to the 1.786 👍. Not advice
NASDAQ:COINLong
by dRends35
3
BTC + COIN Short IdeaSo I had this idea yesterday and apparently I made it a private idea by mistake, which is unfortunate because now it's just hindsight. Either way, I think this was a great setup so I'll share it again publicly. Here's my original description: I'm loving this short entry on COIN here. BTC bounced nicely off of 59K, but has rejected at a pretty important trendline and also has supply above. Meanwhile, COIN is retesting the $221 area. Seems like a perfect trade, but obviously might not work. I'm happy to have bought puts in this area though. Target for BTC is 52K if it breaks $59k. Looking for COIN to hit $200 and then $190. And the update I made today: This is honestly one of the best setups I've seen all year, if not the best. We finally had some NQ weakness, breaking below 20k, even though it did bounce back several times. We also had a strong day out of DXY which led to weakness in precious metals and crypto. A lot of things were lining up for this trade, so it's great to see it pay off. I took some profit on COIN today, but still holding the majority of my puts for now. Looking for a move down to $190 for COIN, it may find support near $208 as well and I'll probably scale out a lot if it hits $200 just in case it holds due to the psychological whole number. BTC could have a much larger sell off it breaks below the critical 59K area.
NASDAQ:COINShort
by AdvancedPlays
COIN - Trendline FunIt's always interesting to see what kind of different angles you can come up with using simple trendlines. Trendlines are one of the most important tools I have for determining trend and it will always be the first thing I look for. I'm always asking myself, what is the current primary and secondary trend? Is there a minor trend? Drawing trendlines like these can help. I wouldn't normally have such a mess of a chart, but I do like these examples of different trendline angles. No matter how you slice it, the trend is down, except for that one ascending trendline I have just below the current price, I see that as a last line of defense for bulls.
NASDAQ:COINShort
by AdvancedPlays