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COINBASE GLOBAL, INCCOINBASE GLOBAL, INCCOINBASE GLOBAL, INC

COINBASE GLOBAL, INC

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COIN trade ideas

Coin breakdownIf you have followed along this is my second call of the Coin local top in the last year. My first price target is the dashed red line and a more bearish scenario would be the Fib below around 118$. I did enter this stock spot around 40$ so am sitting pretty regardless. I do like to buy puts when I think the stock is way over-extended, this rewards those who are patient. I was able to do this with Solana as well. My most bearish target is 115$, but black swans are possible, this is a healthy market correction, and many Grayscale holders are redeeming and selling their BTC which is just a short term challenge. Do remember, Coinbase is the custodian for Blackrock's BTC ETF and they must have a lucrative setup going on here.
NASDAQ:COINShort
by Apollo_21mil
2
Coinbase Update: wave 1 of c complete?As said in my update earlier, the BTC ETF getting approval from the SEC helped propel Coinbase up to hit a more normal b wave target and then got rejected. To the untrained eye one would assume this is just volatile price action and nothing more. Which, yes, it is volatile price action, but it happened for a reason. Remember how I always say structure is the most important thing when trying to place a count? Well, a waves can either be a 3-wave or 5-wave count. Look at the a wave I have labeled, it ended up carving a 5-wave structure followed by what is ALWAYS a 3-wave count for b. Then we made a mini-5-wave structure that I am calling 1 of c. This "normally" would be followed by a 3-wave structure for wave 2 of c, and then another mini-5-wave down should follow for 3 of c. C waves, however, can also be either a 3-wave or 5-wave structure. That being said, there is a possibility this is a mini-a-wave with a b wave to follow. This makes it very difficult to differentiate between a 3-wave vs. 5-wave structure for c. The hidden clues are usually found in a few different places with MACD being the primary place to distinguish the two. This all being said, I expect us to move higher in a 3-wave move very soon, if not tomorrow, rather it being for wave 2 of c or wave b. Either way, I don't want us to raise higher than $163.78. That would at minimum invalidate a 5-wave c and make it less likely, though not impossible, for it to be a 3-wave c. B waves can go above a wave tops, but it is much rarer. I'm not saying we won't drop a tad bit more before raising for our next retrace higher, but if we do it shouldn't be much. Hopefully this all makes sense to y'all. After March 1st, I plan on going into deep detail such as this and explaining things much more thoroughly often. I will also be answering any and all questions at that time. If you have questions for me now, I will answer most of them I'm sure, but you will get un-filtered answers from me after that date of March 1st. Good luck y'all!!
NASDAQ:COIN
by TSuth
5
Coinbase Partners Africa’s Yellow Card To Expand Global FootholdCoinbase teams up with Yellow Card to bring USDC to 20 African countries, revolutionizing global access to cryptos and financial inclusion. The leading global crypto exchange, Coinbase has announced a strategic partnership with Africa’s leading stablecoin exchange, Yellow Card, to pioneer the future of money across the continent. Meanwhile, this collaboration aims to provide millions of users in 20 African countries with unprecedented access to USDC, fostering faster, more reliable, and cost-effective transactions through Coinbase and Yellow Card products. Coinbase and Yellow Card Unite for Financial Inclusion Coinbase, in a recent blog, unveils a visionary initiative to expand access to its products in emerging economies, starting with Africa. The partnership with Yellow Card, a Coinbase Ventures portfolio company, promises to empower users with seamless access to USDC on the L2 Base, ensuring transactions at fees significantly lower than traditional fiat transfers. In addition, the announcement showed that Coinbase is broadening product accessibility in emerging economies, commencing with the inclusion of 20 African countries. Meanwhile, underlining the importance of this collaboration, Coinbase’s statement emphasizes that the partnership addresses specific needs in regions with high inflation rates and heavy dependence on remittances. In addition, the move is poised to bring economic freedom to these areas, protecting savings from currency volatility and facilitating remittances with reduced fees and faster processing times, according to the announcement. The partnership’s impact extends beyond individual users, particularly benefiting small and medium enterprises (SMEs) in African and other emerging economies. With the integration of USDC, these businesses gain swift access to the global financial system, overcoming challenges related to opening USD and Euro accounts that hinder cross-border growth. Moreover, in a continent where the majority of the population is young, the initiative aligns with the preferences of a tech-savvy generation. As more than seven in 10 cryptocurrency owners globally are under 34 years old, this move resonates with the expectations of a demographic accustomed to the speed, reach, and autonomy of the internet. Meanwhile, this strategic partnership aligns with Coinbase’s broader vision of global expansion, following a “Go Broad, Go Deep” strategy. By establishing clear rules and partnerships, Coinbase aims to drive innovation and bring over a billion people into the realm of cryptocurrency. Besides, the collaborative move signifies the inevitability of cryptocurrency as the driving force behind a more open, accessible, and global financial system.
NASDAQ:COIN
by DEXWireNews
Coinbase Update: Waiting for c of (4)We began this retrace on 29 Dec of last year and thus far it has been pretty standard. This b wave we are in is one of two things, over or complex lol. We did tag the bottom of my upper target box, but just barely. Technically speaking we could be in our wave c of (4) right now, but due to MACD and the structure price has carved out, I believe we are still in C of b of (4). Once we breach $144.12 to the downside, we will have created a new low and have confirmation wave c has started. Until that price is breached, we can still rise in b, and I will be looking to the 0.618 fib @ $169.83 as a resistance line to bounce off of. Once c starts, we shouldn't fall below $114.39. If we do, then we are most likely dealing with something else aside from a wave 4. These are the price levels I am watching, and what I will use to help guide me in determining our place in the count. With the way I am counting other stocks, I don't think it is too much of a stretch to think Coinbase should finish this wave b by the end of the week. As y'all know though, I don't predict time, so that is just conjecture as of now.
NASDAQ:COIN
by TSuth
16
Coinbase"Cathie Wood’s Ark Investment Management, the second-largest holder of Coinbase Global (COIN) stock, doubled down on its investment in the crypto exchange after the U.S. Securities and Exchange Exchange sued the only publicly traded crypto exchange sending share prices tumbling. ARK bought 419,324 shares of Coinbase, worth around $21.6 million based on Tuesday's closing price of $51.61." -Coindesk ...... Considering that this company's stock price is near it's lows, I can see why Ark Investment Management would make that move. I believe the shift begins once there's a break of the $67 level. Afterwards, it's next potential hurdle could be the $190 - $230 price range. However, I'll be even more bullish after a break of the $320.
NASDAQ:COIN
by ChrisJTradesFX
2
Coinbase Update: Still waitingI don't have much to add from my last Coinbase update. The last trading day was pretty lame as not much happened. We did enter my target box so b could be considered complete at this time. I wouldn't be surprised if price raised into my box again for a deeper move up to the 0.618 blue fib though. That is not required, just something that is possible since our last move barely popped into the box, and a standard move would take us deeper. After b completes, if not already, we will head down for c of (4) before popping up for (5) of ((3)). So far, we're following my pathway very well which is promising. I still plan on buying a couple puts if we do in fact move deeper into my b wave box. I'll look for a strike around $130 with an exp in late Feb. or early March. Let's hope tomorrow I can buy some puts lol. Reminder: My schedule will change dramatically starting March 1st.
NASDAQ:COIN
by TSuth
5
Ark Invest Offloads Another $20.6M Worth of Coinbase Shares Coinbase ( NASDAQ:COIN ) has been a standout player, attracting attention from investors and institutions alike. Recently, ARK Invest, the renowned investment firm led by Cathie Wood, sold $20.6 million worth of Coinbase shares across its ETFs. This move has sparked discussions about the potential impact on Coinbase's future, given ARK's strategy of maintaining individual stock weightings below 10% of an ETF's value. ARK Invest's Strategy: ARK Invest's decision to reduce its exposure to Coinbase comes as no surprise, considering the significant surge in NASDAQ:COIN 's price, doubling in the last three months of 2023. ARK's disciplined approach aims to prevent any individual stock from surpassing a 10% weighting in its ETFs, prompting consistent sales to rebalance the portfolios. While the Innovation ETF (ARKK) still holds over $850 million worth of NASDAQ:COIN , the latest offload has brought its weighting down to 10.04%, hinting at a potential end to the recent sales. Rebalancing Across ETFs: The reduction in Coinbase exposure is not limited to ARKK; ARK's Next Generation Internet (ARKW) and Fintech Innovation (ARKF) ETFs also witnessed adjustments. Despite carrying fewer Coinbase shares, their weightings remain relatively higher at 10.37% and 13.41%, respectively. This strategic rebalancing reflects ARK Invest's adaptability to market dynamics and its commitment to maintaining a diversified and risk-managed portfolio. Coinbase's Price Momentum: Despite the recent sales, Coinbase's stock is trading near the top of its 52-week range and above its 200-day simple moving average. This indicates sustained investor interest and positive price momentum. The surge in Coinbase's share price, fueled by broader cryptocurrency market trends, has contributed to ARK Invest's decision to rebalance its portfolios, yet the stock continues to show upward momentum, a positive sign for its future value. Investor Sentiment and Market Trends: The ongoing interest in Coinbase reflects the broader trend of increasing institutional adoption of cryptocurrencies. As traditional finance institutions and retail investors alike recognize the value and potential of digital assets, Coinbase stands as a key player in providing a gateway to the crypto ecosystem. The recent actions by ARK Invest shed light on the importance of active portfolio management in navigating the volatile cryptocurrency markets. Conclusion: Coinbase's journey in the financial markets remains a captivating one, marked by the recent actions of ARK Invest and the continued interest of investors. As the cryptocurrency landscape evolves, Coinbase's role as a leading exchange and its stock's performance will likely continue to be influenced by market dynamics. The recent rebalancing by ARK Invest serves as a reminder of the importance of strategic decision-making in the face of rapidly changing market conditions. While the cryptocurrency industry is known for its volatility, Coinbase's position at the forefront of the digital revolution positions it as a key player to watch in the months ahead.
NASDAQ:COINLong
by DEXWireNews
Momentum, Growth & Innovation: WatchlistAs we dive deeper into our trading strategy inspired by Mark Minervini, I'm excited to share a detailed analysis of our updated watchlist: www.tradingview.com This list is meticulously curated, focusing on stocks poised for potential pullback entries, suitable for short to medium-term trades. Here’s what we’ve analyzed: Selection of Stocks in Strong Uptrends: Our primary filter is selecting stocks exhibiting strong uptrends over the past weeks or months. We use specific criteria like stocks trading above their 50-day and 200-day moving averages, a sign of enduring strength. Additionally, we look for stocks outperforming the market index, indicating relative strength. Volume Analysis During Pullbacks: We observe the trading volume during pullbacks. An ideal scenario is a pullback on lower-than-average volume, suggesting a lack of selling pressure. A sudden increase in volume can sometimes signal capitulation, which might lead to a potential reversal. Key Support Levels and Technical Indicators: Stocks approaching critical support levels, such as major moving averages or historical support zones, are of high interest. We combine this with technical indicators like the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) to gauge oversold conditions and potential bullish divergence. Price Action and Chart Patterns: We're scrutinizing price patterns that align with Minervini's SEPA (Specific Entry Point Analysis) criteria. This includes looking for stocks forming bases, tight consolidations, or exhibiting orderly pullbacks without significant volume spikes. Flags, pennants, and narrow range days near support areas are particularly noteworthy. Sector and Market Sentiment Analysis: Understanding the current market sentiment and sector rotation plays a crucial role. Stocks in leading sectors or those showing resilience in a weak market are preferred. We also consider the broader market trend and economic indicators to assess the overall risk environment. Risk Management and Entry Points: Each stock on our watchlist comes with a predefined risk management plan, including stop-loss levels and potential entry points. We're waiting for a reversal signal, such as a high-volume rebound off a support level or a break of a short-term downtrend line, to initiate positions. Earnings and Fundamental Check: While our focus is on technical analysis, we don't ignore fundamental aspects. We check upcoming earnings dates and ensure that the stocks have solid fundamentals, aligning with Minervini's preference for quality stocks. Stocks on the Watchlist: The provided watchlist represents a curated selection of stocks currently held by ARK Invest, managed by Cathie Wood, renowned for her focus on disruptive innovation and growth investing. This analysis will delve into each sector represented in the watchlist, highlighting the unique attributes and potential of these investments. ARK's strategy is characterized by a deep focus on technology-driven companies and emerging industries, which is evident in this diverse and forward-looking portfolio. Technology and Internet Services: Dominated by giants like Amazon (AMZN), Microsoft (MSFT), Google (GOOG), and Meta Platforms (META), this sector encapsulates companies at the forefront of digital transformation. Amazon continues to be a leader in e-commerce and cloud computing, while Microsoft and Google drive innovation in software and online services. Meta Platforms, formerly Facebook, is investing heavily in the metaverse, indicating a future-focused strategy. Semiconductors and Hardware: This category features semiconductor leaders like Taiwan Semiconductor Manufacturing Company (TSM), Nvidia (NVDA), and Advanced Micro Devices (AMD). TSM is critical in the global supply chain, being the world's largest dedicated independent semiconductor foundry. Nvidia and AMD are at the forefront of graphics processing and computing technologies, vital for gaming, AI, and more. Biotechnology and Healthcare: Represented by CRISPR Therapeutics (CRSP), Regeneron Pharmaceuticals (REGN), and Vertex Pharmaceuticals (VRTX), this sector focuses on cutting-edge medical research and treatments. CRISPR Therapeutics is a pioneer in gene editing, a revolutionary technology in medicine. Regeneron and Vertex are known for their innovative drug discoveries and treatments in various disease areas. Financial Technology and Cryptocurrencies: This sector includes MercadoLibre (MELI), a leader in e-commerce and financial services in Latin America, and Coinbase (COIN), a prominent cryptocurrency exchange. The inclusion of Grayscale Bitcoin Trust (GBTC) highlights ARK's investment in the evolving landscape of digital currencies and blockchain technology. Software and Cloud Computing: Companies like Twilio (TWLO), Cloudflare (NET), Intuit (INTU), and Synopsys (SNPS) underscore the growing importance of cloud computing and software solutions across industries. Twilio's communication APIs and Cloudflare's content delivery network are integral to modern internet infrastructure, while Intuit and Synopsys provide critical software services in finance and chip design, respectively. Gaming and Entertainment: Roku (ROKU) and Roblox (RBLX) represent the dynamic gaming and digital entertainment sectors. Roku's streaming platform and Roblox's online gaming universe cater to the rapidly expanding digital entertainment market.
NASDAQ:COINLong
by JS_TechTrading
Cathie Wood’s Ark Invest Sells $20M Of Coinbase Shares Coinbase ( NASDAQ:COIN ) stands as a key player, providing a gateway for millions to enter the realm of digital assets. However, recent developments, particularly the substantial sell-off of Coinbase shares by Cathie Wood's Ark Invest, have sparked discussions about the platform's future. Ark Invest's Strategic Moves: Cathie Wood's Ark Invest has been an influential player in the crypto market, often dictating trends with its strategic moves. The recent sell-off of over $20 million worth of Coinbase shares, totaling 113,823 shares, may raise eyebrows among investors. However, understanding the context is crucial. Ark Invest's active portfolio management strategy, driven by the anticipation of a spot Bitcoin ETF approval by the U.S. SEC, sheds light on the broader perspective. Spot Bitcoin ETF Approval on the Horizon: The imminent decision by the U.S. SEC regarding the approval of a spot Bitcoin ETF adds a layer of significance to Ark Invest's actions. The crypto community eagerly awaits the outcome of this decision, with reports suggesting an announcement on January 10. Should the approval materialize, it could mark a transformative moment for the entire cryptocurrency market, potentially influencing Coinbase's future prospects. Coinbase's Resilience Amidst Sell-Offs: Despite the sell-offs by Ark Invest funds, Coinbase's resilience cannot be overlooked. The platform's commitment to expansion is evident through its recent announcement of acquiring a MiFID-licensed entity in the EU. This strategic move aims to enhance Coinbase's derivatives offerings in Europe, a clear signal of its commitment to adapting to regulatory changes and expanding its services in a competitive market. The European Derivatives Expansion: Coinbase's move to acquire a MiFID-licensed entity represents a pivotal step toward offering cryptocurrency-based derivatives in Europe. While subject to regulatory approval, this development positions Coinbase to capitalize on the growing demand for diversified crypto financial products in the region. The potential approval could fuel Coinbase's growth and contribute to its relevance on a global scale. Conclusion: As the crypto landscape undergoes significant shifts, Coinbase remains a central figure in the industry's narrative. The sell-off of Coinbase shares by Ark Invest, while noteworthy, should be viewed in the context of broader market dynamics. The anticipation of a spot Bitcoin ETF approval, Coinbase's strategic moves in Europe, and the positive sentiments from industry leaders contribute to a compelling case for potential buyers. As the crypto story unfolds, Coinbase stands poised to play a pivotal role in shaping the future of digital finance.
NASDAQ:COINLong
by DEXWireNews
1
Coinbase Update: Still standard movesSome of my posts contained some contraband and were removed. The text has been removed and I am just re-posting so y'all can still see the other information. This move down has been very swift so far, as in dropped over $50 in less than a week. At this time, I am labeling it as a wave of (4) with wave b starting this morning. On the chart, I have a smaller target box for this little retrace to end. Afterwards, wave c should start and take us towards the 0.382 area and into the larger target box. Wave (2) was deep so wave 4 should be shallow if they are to alternate. There is the possibility this drop has been all of (4) but that is not my expectation at this time. We're still on neg div with-in this move down which indicates it isn't over yet. I still plan on entering a trade when structure tells us wave (4) is complete. My target area is still around the 0.382 fib @ $128.61. As I am writing this we are coming into my box lol. Let's see if we get the c wave down started today that I am calling for.
NASDAQ:COIN
by TSuth
Coinbase Update: Following EXACTLY as predictedSome of my posts contained some contraband and were removed. The text has been removed and I am just re-posting so y'all can still see the other information. Coinbase has a pretty clear-cut structure that it has formed. As you may notice, I haven't really changed anything from my last post except add retracement fibs and a target box for wave (4). In that post I stated we would most likely move up to the 1.382 @ $190.51. Well, we raised to $187.97 And then started our retrace. I didn't even change the dotted line showing my expectations for this move. Don't get me wrong, I WILL be wrong at times. I'm not perfect but EWT makes things much easier. This is where those stops I am always harping about come into play. With them assets are mostly protected, and losses are kept at a minimum. Make sure to keep your emotions in check at all times too. Fear and greed are very real and will steal your hard-earned money every time. As my mentor always says, "trading for profit is hard, if it were easy everyone would do it". Don't make things harder on yourselves for no reason. I expect this move to continue down towards the 0.382 blue fib @ $128.61 before moving up again. Once (4) is over, we should move higher to my next box in the $190 to low $200 area at a minimum. I have placed an ALT (4) on the chart as this could technically be all of (4). This is not my expectation, but if we jump impulsively and make a new high then it becomes my primary count. If we follow my primary path and a bottom looks formed around the 0.382 then I will most likely buy some shares & calls w/ a strike around $200. Good Luck everyone!!
NASDAQ:COIN
by TSuth
1
Understanding the Volume Contraction Pattern (VCP)The VCP is an essential pattern for swing traders, as it signals the potential for a significant price move. The pattern occurs when a stock goes through a series of contractions in price and volume, indicating that selling pressure is waning and the stock is setting up for a potential breakout. Key Components of VCP: Trapped Buyers (TBs): These are investors who bought at the peak and are now "trapped" in a position as the stock price declines. They are likely to sell when the price gets back near their purchase price, creating resistance. Loss Cutting (LC): As the stock declines, some investors will cut their losses and sell their positions, adding to the downward pressure. Profit Taking (PT): Once the stock rebounds, those who have profits from buying at lower prices may start to take profits, which can lead to a temporary reversal or pullback in price. Bottom Fishers (BFs): These are investors who are looking to buy the stock at what they perceive to be a bargain price, often near the lows of the pullbacks. Stages of VCP: Initial Decline (1): The stock experiences a significant drop in price, often on high volume, indicating strong selling pressure. First Contraction (2): The price begins to stabilize and contract. Volume diminishes here, suggesting that selling pressure is decreasing. Advance (3): The stock price rises, potentially leading to TBs selling near their break-even points. This can create resistance, but if the stock can move past this level, it's a positive sign. Second Contraction (4): A higher low is formed compared to the initial low. Volume contracts further, indicating selling pressure continues to wane. Subsequent Advance and Contractions (5): The pattern repeats, with each pullback being shallower and on lower volume, showing that supply is being absorbed and demand is taking over. Breakout (6): Finally, the stock breaks out from the VCP on increased volume, signaling that demand has overwhelmed the remaining supply. Trading the VCP: When trading the VCP, look for the following: A series of at least two contractions in price range and volume. Each contraction should be shallower than the last, showing less and less selling pressure. The breakout should occur on higher volume, confirming the pattern. Entry Point: A trader might enter a position as the stock breaks out from the final contraction. Stop Loss: A stop loss can be placed under the most recent low of the last contraction to limit risk. Profit Target: Targets can be set based on previous resistance levels or a multiple of the risk (stop loss size). Remember, while the VCP is a strong pattern, it's not foolproof. Always use proper risk management and consider the overall market conditions before taking a trade.
NASDAQ:COINEducation
by JS_TechTrading
1