Long $COIN$COIN - Coinbase Trailing 3 Mths
After todays announcement of Coinbase becoming the official crypto platform of the NBA, WNBA, NBA 2K League, & USA Basketball, the 1st Bitcoin Futures ETF launching yesterday from ProShares Trust, along with the recent up-trend in major Cryptocurrencies, I have a bullish outlook on $COIN for a long-term strategy.
S-COIN
COIN bullish Nov option flow oct 11COIN had bullish Nov option flow on oct 11: over 1700 $295 calls , 1900 $300 calls and 2200 $305 calls were bought.
Look for break over $286, as this is previous resistance.
Bitcoin is closing in on all time highs of $64700, but look for a small pullback after this big weekly rise.
I like HUT, MSTR and SI for other crypto stocks too.
#COIN: Coinbase about to rally for 9 weeks at leastLooks like $COIN is ready to rally here, was accumulated and can move up dramatically in the coming 8 weeks. Crypto as a whole looks like the long term uptrend I had forecasted in August 2020 is still en route, despite what I had initially thought myself, after we had a dramatic crash from the April top following the IPO.
Best of luck if trading this or holding, trend is up, but watch out for my target zone and behavior once the time expires for this move.
Cheers,
Ivan Labrie.
COIN Coinbase sold by ARKK fund???Is Cathie Wood`s ARK fund anticipating a top in the crypto space right now?
On 10/12/2021 ARKK fund sold 5,855 shares of COIN COINBASE GLOBAL INC, for about 1.5Mil usd.
When the fund starts a sell, it`s usually a multiple day sell on "small" positions. In this case it was 1.5Mil worth of shares.
The only thing that makes me optimistic right now about Coinbase, is the NFT marketplace.
On Oct. 12 Coinbase NFT was launched, a peer-to-peer marketplace that lets users mint, collect and trade NFTs, or non-fungible tokens.
On the other hand, on 10/14/2021 Devin Ryan from JMP Securities Boosted the Price Target with an Outperform rating from $300.00 to $330.00
This is a one year price target.
I`m looking forward to read your opinion on it.
BTC Crash continues, EOY prediction might be a futile dreamMany projected 100k before End of the Year(EOY) and neglect the fact that an heavy loaded Horse can't be compared to a Cheetah.
The projection was right but the Bears race to cut down buyers is also very important, Those most significant sell side liquidities need to be cleared before we can think of any possible 100k Move.
NB: Educational use only.
Thanks.
HF.
Jump to BTC rapid train at ~49500! Nfa!New Fibonacci levels after the last dip (~40K) and last high (~58K) in daily graphic signals retracement to ~49500. Fractal patterns in the last months also suggest that BTC loves to come below to previous swing ATH before travelling to new ATH's. Upcoming months with probable good news such as ETF's may take BTC to unknown ATH's and hence this may be the last stop to jump to the train at a reasonable price. This is not a financial advice, please decide on your own!
$COIN Coinbase we UPPP!-We bounced off the cloud on Friday we are looking for a pull back down to 240.38...
-Opportunity to buy more at this low for our swing
-looking for an entry / re-entry down at 240.38
-NOW there is a chance we can bounce around the cloud and price can play around $247.21 and bounce there so keep tabs on this Monday
The trading volume of EOS coins in the last 24hr Looking at the long term and short term view, we can see the bullish trend in a long time and bearish in the short term as the price is going to fall as of now because, after the bullish run, there will come a period of consolidation as the price is dropping. Still, the bulls are not ready to give up the fight as they are also pressuring the price, but this consolidation period will also end as the bull or bear will break the support or resistance, which will make the trend.
SHIB sandwiched between two opposing zonesFor a continuation of the uptrend, I would like to see SHIB breaking the supply zone marked in red, for me to start looking for long entries, but if price breaks the demand zone marked in green, we might roll way down. We're up on the daily but LTF can roll and fool us without breaking any important support/resistance zone.
Are you bullish or bearish?
CLV easy money Bull comingHere we go again the W obv bull coming in. Watch this one bull. Coin getting alot of hype and people talking about this one. We will see 2x very soon.
This one is starting to pick up and the amount of share is so little. It have potential of 10x simply.
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Technical analysis update: BTCUSD (4th October 2021)Price action of BTCUSD over the weekend was mostly sideways expect for shortlived spike on a Sunday. Breakout above resistance (that lies slightly below 49 000 USD) occured within less than ten minutes and resulted in high of 49 225.55 USD. Then price retraced back to its previous level. We are currently neutral on BTCUSD while we see interesting setup forming. We think if price manages to hold above horizontal line (between green and red text) depicted on main graph then it is very bullish for BTCUSD and price is likely to rise further towards resistance near 53 000 USD. However, if this price level fails to support price then breakdown will follow and price will retest 40 000 USD. We think investors should be cautious and prepare for more volatility in BTCUSD in the coming days.
Below is depiction of breakout above resistance that lies slightly below 49 000 USD.
Below is depiction of price retracement after breakout.
We would like to note that recent jump in price on 1st October 2021 happened as response to Jay Powell's answer on question whether FED plans to ban cryptocurrencies similarly like China did (which FED does not want to do according to Jay Powell). This was abruptly followed with reversal of bearish trend in technicals. We normally disregard news as noise but Jay Powell's remarks did have impact on technicals which reversed from bearish to bullish very quickly thereafter. Thus we have two alternative scenarios for BTCUSD:
1. This recent jump in price followed with breakout above resistance + joined with reversal in technicals (from bearish to bullish) is beginning of a new uptrend.
or
2. Recent reversal is just a bull trap which will be followed by mentioned breakdown in price.
Technical analysis
MACD is bullish on daily timeframe. We will observe it closely this week and we will look for crossover into bullish zone which would further bolster bullish case for BTCUSD. Stochastic and RSI are also bullish on daily timeframe. ADX keeps declining which suggest that trend is weakening and thus becoming neutral. Overall technicals are bullish at the moment.
BTC1! (Bitcoin continuous futures)
Price retraced back into the gap zone observable in futures market. This zone represents another form of setup. Signal comes once breakout above or below this area occurs.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.