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Coinbase Surges 9% as Bitcoin Resilience Ignites Crypto RallyAmidst Bitcoin's rebound past $70,000, Coinbase ( NASDAQ:COIN ) shares soar, reflecting renewed optimism in the cryptocurrency market. Coinbase ( NASDAQ:COIN ) shares have catapulted by over 9% in the past 24 hours, mirroring the resilience of Bitcoin ( NASDAQ:COIN ) as it bounces back above the $70,000 threshold. This surge in Coinbase's share price underscores the symbiotic relationship between the leading cryptocurrency exchange and the broader crypto market, which has witnessed a remarkable 61% rally in market capitalization since the year's inception. Trading above $278 per share, Coinbase's trajectory echoes the bullish momentum sweeping through the cryptocurrency landscape. Despite lingering below its all-time high of $342.98 set in November 2021, Coinbase's recent surge signals a renewed investor confidence amidst the backdrop of a rapidly evolving digital asset market. While U.S. stocks experienced a slight downturn on Monday, with major indices like the S&P 500 and the Dow Jones Industrial Average edging lower, Coinbase ( NASDAQ:COIN ) shares defied the broader trend, continuing their upward trajectory. This divergence underscores the unique dynamics at play within the cryptocurrency sector, where Coinbase stands as a bellwether for investor sentiment and market trends. Bitcoin's resurgence above $70,000 serves as a catalyst for both Coinbase and the broader crypto market, with the largest digital asset by market capitalization surging over 6% in the past 24 hours. As Bitcoin's price rebounds, market observers note parallels with gold, highlighting its qualities as a store of value and hedge against market volatility. Robert Mitchnick, Head of Digital Assets at BlackRock, likened Bitcoin ( CRYPTOCAP:BTC ) to gold at the recent Bitcoin Investor Day conference, emphasizing its historical correlation patterns with traditional assets. Mitchnick's remarks shed light on the evolving narrative surrounding Bitcoin's role in investment portfolios, challenging misconceptions about its risk profile and correlation with equities. As Bitcoin's rally reverberates across the crypto landscape, the GM 30 Index, representing a basket of the top 30 cryptocurrencies, has surged by 5.65% in the past 24 hours, further underscoring the widespread optimism and momentum within the digital asset market. In the midst of market fluctuations and evolving narratives, Coinbase ( NASDAQ:COIN ) emerges as a beacon of stability and opportunity for investors seeking exposure to the burgeoning cryptocurrency ecosystem. With Bitcoin leading the charge towards new highs and Coinbase shares soaring in tandem, the stage is set for a thrilling chapter in the ongoing crypto saga, marked by resilience, innovation, and boundless potential.
NASDAQ:COINLong
by DEXWireNews
Cathie Wood's Ark Invest Dumps $123M Worth of Coinbase stockCathie Wood's Ark Invest has divested approximately $123 million worth of shares in Coinbase ( NASDAQ:COIN ) and Robinhood ( NASDAQ:HOOD ) this week, signaling a significant shift in sentiment towards cryptocurrency-related stocks. Ark Invest, known for its bullish stance on disruptive technologies, made headlines as it offloaded substantial holdings in both Coinbase ( NASDAQ:COIN ) and Robinhood amid a surge in their stock prices. However, the timing of the divestments coincided with a notable slump in the prices of these companies' shares, raising questions about the firm's outlook on the crypto market. The divestment spree began on Friday, March 22, with Ark Invest selling off about $55.60 million worth of NASDAQ:COIN stock. The firm's ARK Innovation ETF (ARKK) witnessed a massive dump of 151,271 Coinbase shares, while ARK Next Generation Internet ETF (ARKW) and Ark Fintech Innovation ETF (ARKF) also registered significant divestments. This sell-off continued throughout the week, with Ark Invest shedding approximately $52.27 million worth of Coinbase stock on Thursday alone. The total weekly divestment amounted to a staggering $115.16 million, reflecting Ark Invest's bearish stance on crypto stocks in the short term. The timing of Ark Invest's divestments is notable, as it coincided with fresh 52-week highs for both NASDAQ:COIN and NASDAQ:HOOD stocks. However, the subsequent slump in prices following Ark Invest's sell-off raises questions about the firm's rationale and outlook on the crypto market. Cathie Wood's bearish outlook on crypto stocks contrasts with her firm's previous investments in disruptive technologies. This shift in sentiment suggests a cautious approach towards the volatile crypto market, with Ark Invest opting to reduce its exposure to Coinbase and Robinhood amid uncertain market conditions. While the massive dump from Ark Invest may raise concerns among investors, it also highlights the firm's proactive approach to managing its investment portfolio. By reassessing its positions in response to changing market dynamics, Ark Invest aims to navigate the volatile crypto landscape while maximizing returns for its investors.
NASDAQ:COIN
by DEXWireNews
COINBASE: Forming a Top. Selling gains momentum.Coinbase is on a bullish 1D technical outlook (RSI = 64.977, MACD = 22.160, ADX = 33.325) but at the top of the Channel Up. The 1D RSI Bearish Divergence on LH suggests that a similar top is close to getting formed (or already has) like on December 28th 2023. All major corrections since 2023 have been at a -39% minimum and reached always the 0.5 Fibonacci from the bottom. Consequently, we are now bearish on COIN, targeting the 0.5 Fib (TP = 185.00) where we will turn bullish again aiming for the Channel's top (TP = 350). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:COINLong
by InvestingScope
BNBUSDT - Price can fall little more and then bounce up to $562Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price has grown in rising channel, where it reached resistance line, after which it made correction. After correction, BNB bounced up from support line to resistance level, which coincided with resistance area. Soon, BNB broke this level, exited from channel, and started to trades in flat, where it two times reached top pattern. Later, price turned around and in a short time declined below $562 level and also soon broke it, thereby exiting from flat too. Also then, BNB continued to fall and now I think that Binance Coin can fall a little more and then bounce up to $562 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
TON Coin Support and Resistance Prediction Using TREX Price ActiUnlock the power of predictive analysis for TON Coin with our innovative approach using the TREX Price Action Method. TradingView introduces a cutting-edge strategy to anticipate future support and resistance levels for TON Coin, leveraging the intricacies of price steps to forecast market movements with greater accuracy. What sets our method apart is its reliance on the TREX Price Action Method, a robust framework that combines technical analysis with the psychology of market participants. By dissecting historical price data and identifying key price steps, we're able to construct a comprehensive roadmap for potential support and resistance levels, paving the way for informed trading decisions. Our publishing idea on TradingView encapsulates this strategy, providing traders with actionable insights into the future trajectory of TON Coin. Through detailed analysis and clear visual representations, we illuminate the critical zones where buying and selling pressures are likely to converge, empowering traders to optimize entry and exit points with confidence. Whether you're a seasoned trader or new to the world of cryptocurrency, our approach offers a systematic way to navigate the volatile landscape of TON Coin. Join us on TradingView as we decode market dynamics, unravel the mysteries of support and resistance, and unlock the potential for profitable trading opportunities with TON Coin using the TREX Price Action Method.
by Alii_askariii
COIN - Reckoning Incoming?COIN has been on an epic run. What goes up must come down as they say... but Bitcoin is at 73k tho bro. Just think of all the people who bought when it was at ~$50. A lot of institutional investment decided they were not going to miss out crypto this cycle and anticipated the run up. They are definitely going to take profits now that they are up almost 400% and they are also going to make sure to take advantage of the recent upsurge in retail interest and start selling into the momentum.
NASDAQ:COINShort
by Goontata84
9
Cathie Wood’s Ark Invest sold $69M Coinbase ($COIN) SharesCathie Wood's Ark Invest has made headlines once again with a significant sell-off of Coinbase ( NASDAQ:COIN ) shares, amounting to a staggering $69.5 million. As one of the leading voices in the investment world, Wood's strategic moves often garner attention and spark discussions among investors. This latest divestment of Coinbase ( NASDAQ:COIN ) shares raises questions about Ark Invest's strategy, the performance of Coinbase, and the broader implications for cryptocurrency investors. Ark Invest's Strategy and Coinbase's Performance: Ark Invest operates with a strategic vision aimed at maintaining a balanced portfolio across its ETFs, necessitating periodic rebalancing when individual holdings exceed certain thresholds. The surge in Coinbase's share value, fueled by the recent rally in the price of bitcoin (BTC), prompted Ark Invest to conduct this substantial sell-off. Despite this move, Coinbase's weighting across Ark's ETFs remains above the 10% threshold, hinting at the potential for further sales. Market Response and Coinbase's Current Performance: Following Ark Invest's divestment actions, the market response to Coinbase's performance has been closely watched. Despite the sell-off, Coinbase ( NASDAQ:COIN ) has shown resilience, with a 5.77% increase in pre-market trading. This uptick in share price reflects investor sentiment and underscores the volatility inherent in the cryptocurrency market. As Coinbase ( NASDAQ:COIN ) continues to navigate this dynamic landscape, investors are keenly observing its performance and evaluating its long-term prospects. Implications for Investors: The divestment of Coinbase ( NASDAQ:COIN ) shares by Ark Invest raises important considerations for investors. It highlights the need for a balanced approach to portfolio management, particularly in volatile markets like cryptocurrencies.
NASDAQ:COINLong
by DEXWireNews
Bitcoin consolidating and waiting for possible reversal SHORTI see Bitcoin as ready to fall as its next move. Short sellers are positioning. Volumes are falling in a signal of capitulation. Relative strength is showing bearish divergence while price is in consolidation. The boxes are checked and it is the weekend when the price volume trend is typically sideways. This is demonstrated by the flatline PVT. I will short Bitcoin when I see a bit of a volume push. I will reassess by crypto-related stock and options positions in due diligence to protect risk.
COINBASE:BTCUSDShort
by AwesomeAvani
3
Coinbase Stock Surpasses Initial Public Offering PriceThe stock price of Coinbase ( NASDAQ:COIN ) has surpassed its initial Public Offering (IPO) price for the first time in over two years, as Bitcoin ( CRYPTOCAP:BTC ) reached a new all-time high. When the most prominent U.S. crypto exchange entered the public market through a direct listing in 2021, the Genesis price was $250 per share. Initially, the stock experienced a surge, reaching a peak of $350 per share in November 2021. However, it concluded its first year on the market with a 38% loss. The following years saw Coinbase’s ( NASDAQ:COIN ) shares struggle as the cryptocurrency market plummeted and regulatory scrutiny from the SEC intensified. However, the past year has witnessed a dramatic turnaround for Coinbase ( NASDAQ:COIN ), thanks partly to Bitcoin’s price surge and the SEC’s approval of spot Bitcoin ETFs. As a result, Coinbase’s ( NASDAQ:COIN ) stock value has spiked by over 300% in the past 12 months. The company’s stock surged over 5% today after the latest bull run saw CRYPTOCAP:BTC reach a new peak of $70,000, but Coinbase ( NASDAQ:COIN ) is not the only company benefiting from the current bull market. MicroStrategy Inc., the largest Bitcoin holder, also increased its shares by 113% in the past month. NVIDIA’s stock also rallied over 20% this month due to its close association with Bitcoin mining. Despite Coinbase’s ( NASDAQ:COIN ) latest achievement, savvy investors who have held onto their shares since the beginning may not feel completely vindicated. By the end of 2022, the company’s stock had plummeted by 86%. Nevertheless, Coinbase’s ( NASDAQ:COIN ) stock has been on an upward trajectory alongside the crypto market. The rise comes despite recent technical issues on Coinbase’s platform, where some users reported seeing zero balances.
NASDAQ:COINLong
by DEXWireNews
MSTR oversold for a long tradeMSTR is now oversold but has a great earnings beat and the cryptomarkets surging to support a bullish idea. The 15 minteu chart shows price sitting on support of the POC line of the immediate volume profile. With confluence, it is above a fully horizontal lower VWAP line that has no slope. Support and resistance horizontal zones are drawn in for reference purposes. I will close my short position of the past day and switch sides here. The RSI indicator gives reassurance as it has pivoted up from the bottom, especially the faster green line. Selling volatility declared the bottom in the immediate term at the same time the relative volume indicator printed a selling volume spiking black bar both immediately before the regular market closed.
NASDAQ:MSTRLong
by AwesomeAvani
DOGE - Who Let The DOGE Out 🐶Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 DOGE has been overall bullish, trading above the blue trendline. Moreover, the 0.15 marked in blue is a strong support zone. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and blue trendline. 📚 As per my trading style: As #DOGE approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📈 In parallel, for the bulls to take over medium-term and start the next impulse movement, a break above the last major high in red at 0.175 is needed. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
11
Binance Coin can rise higher than resistance line and then fallHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some days ago started to rise in an upward channel, where it soon broke the 360 support level, which coincided with the buyer zone, and in a short time later reached the resistance line of the channel. After this price made the correction and then continued to rise in the channel to the current support level, which is located in the support area. In a short time, BNB broke this level too and soon reached the resistance line of the channel, but at once price turned around and exited of channel and then declined to the 400 level. After this movement, the price rebounded from this level and started to rise, but later it made a downward impulse to the 360 level. Soon, the price turned around and at once made a strong upward impulse back and even higher. So, at the moment, BNB trades very close to the resistance line, therefore I think Binance Coin can rise a little higher than the resistance line, after which the price will turn around and start to decline. For this case, I set my TP at - 420 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
Why Technical Analysis is enough to make profits in financial maif you only looked at charts and bought NVDA at 0.61 Fibonacci Retracement, you would be able to 8X your money. Yo don't need to look at any industry trends regarding AI or whatever. You don't need to look at balance sheet, cash flow or any other thing. If the information is important , you will be able to see it on the chart. Of course if you combine both, you will be unstoppable. #technicalanalysis #fundamentalanalysis
NYSE:EVRI
by MoemenAwadalla
COINBASE rallying as it should since our last call. What's next?Coinbase Global, Inc. (COIN) has started an amazing rally following our February 05 buy signal (see chart below) and is headed towards the $285.00 Target: We are modifying the Channel Up to make contact with all three Higher Lows as the Higher Highs comfortably fit the 0.786 Fibonacci Channel retracement level. As you can see all previous Higher Highs have been formed with a 1D candle closing below the 0.786 Fib and right now the price is sitting exactly on that level. This indicates that as long as the stock doesn't clos a 1D candle above it, we may see one last short-term pull-back towards the 0.5 Fib before eventually reaching the $285.00 Target. If however a 1D candle does close above the 0.786 Fib, we do expect the current rally to continue straight to the Target. Notice at the same time the 1D RSI entering the 2023 Resistance Zone. This is an unnoticed key dynamic as the previous Higher Highs were priced after the RSI got rejected on the Resistance Zone and it entered back blow the 70.00 overbought barrier. Keep an eye for a timely exit. ------------------------------------------------------------------------------- ** 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:COIN
by TradingShot
3
$COIN Weekly Chart Double Top PierceNASDAQ:COIN Weekly Chart Double Top Pierce, A "double top with a pierce" is a bearish reversal pattern commonly observed in technical analysis, particularly in stock charts. It typically indicates a potential trend reversal from bullish to bearish. - **Formation**: The pattern consists of two peaks (high points) that are approximately equal in height, separated by a trough (low point) in between. The first peak forms during an uptrend, followed by a decline to the trough. The price then rallies again to form the second peak, which is often at or near the same level as the first peak. - **Pierce**: In a double top with a pierce pattern, the price briefly pierces above the high of the first peak before reversing downward. This pierce above the first peak can often trap bullish traders who see it as a breakout, but the subsequent reversal indicates a failure to sustain upward momentum. - **Neckline**: A trendline drawn connecting the lows of the troughs forms the neckline of the pattern. The neckline acts as a support level, and a break below this level confirms the pattern. - **Volume**: Volume tends to decrease as the pattern forms, then increases when the price breaks below the neckline, confirming the pattern. - **Confirmation**: The pattern is confirmed when the price breaks decisively below the neckline on high volume. This breakout below the neckline suggests that bearish momentum has overcome previous buying pressure, signaling a potential trend reversal from bullish to bearish. Traders often use the height of the pattern (from the peaks to the neckline) to estimate a potential price target once the pattern is confirmed. Overall, the double top with a pierce pattern is considered a reliable bearish signal, but like any technical pattern, it is not foolproof and should be used in conjunction with other forms of analysis.
NASDAQ:COIN
by AlgoTradeAlert