Anyone Can Play GuitarDestiny
Destiny, protect me from the world
Destiny
Hold my hand, protect me from the world
Here we are with our running and confusion
And I don't see no confusion anywhere
And if the world does turn, and if London burns
I'll be standing on the beach with my guitar
I want to be in a band when I get to heaven
Anyone can play guitar and they won't be a nothing anymore
Grow, my hair
Grow, my hair, I am Jim Morrison
Grow, my hair
I wanna be, wanna be, wanna be Jim Morrison
Here we are with our running and confusion
And I don't see no confusion anywhere
And if the world does turn and if London burns
I'll be standing on the beach with my guitar
I want to be in a band when I get to heaven
And anyone can play guitar and they won't be a nothing anymore
--------------------
post-layoff value buy with macro crypto reversal
C2OI34 trade ideas
COIN 21023In a range, top to bottom is likely. Unsure if that even holds longer term. On the monthly it still remains in a lower high and lower low.
I do not have a bullish argument as of now. I do not understand why anyone would want to own Coinbase stock but mayve I'm missing something. Just buy Bitcoin, Ether, Matic, or something else entirely like LMT growth stock
I'd like to see the trend reverse for any long term hold buys which all of my stonks are
#coinbase a little to much, a little too fast I think the chart speaks for itself, but this looks like a short squeeze and a bit of an exhaustion (shorts taken to the cleaners).
If the history of this chart is anything to go by, i would expect a reversion to the mean so i'll be looking to short this 80 level for a pullback into the mid 60's
COIN price is liely headed to weekly resistanceThe price will attempt the weekly resistance zone in coming days. I think there will be a pullback on this test and price will fall back to the weekly support marked in green. However, hitting that support will be a bounce which will pave the way to break the weekly resistance.
However, lets stick to the first step of price reaching the weekly resistance. We will update our idea once the price reaches that level and let us observe the price action there.
Has Coinbase topped out?Today something very interesting has started forming on the Coinbase chart. We have created a double top on our 4H RSI as well as created a higher high in price. This means a bearish divergence has formed that could send price back down. This also coincides with BTC being at a critical zone. It is possible BTC has also topped out short term around $24,300 or could have one more rally to the $24,800-25,400 region before topping out. Coinbase should follow suit to whatever BTC decides to do here.
If we do get a drop what should we expect?
We would want to turn old resistance into new support. This would be most powerful if we retested our downwards sloping trendline. We clearly see the moment price broke this trendline (labeled "breakout") and depending on how long it would take us to retest this level it would bring us to the 0.618 (~$52) or 0.786 (~$43).
CoinRallyed very hard. I got in at 50.22 area and rode it to 55.60. I sold it out, it came back to 49/50 area and ripped to 60$ I missed that as I was focused on everything else rippin. Now that coin has reached an area for me of concern I’m not to worried I belive we will have more buying in time.
We are starting to reach some previous considlation zones of potential stronf reostance ranging from 63-67$
Now as we test this upper reostance zone I would
Be getting more catious and looking for our next dip buys.
Coin struggled at 55.60 for sometime so that could
Be a great support buy area.
That seems to be the most logical place for us to look at until broken. If that does break, the 50$ support is key key level to bid at but I’m not to confident it’ll get that low unless Btc rolls over hard.
On key thing we can do, is try to run fib retracments from this recent high to the low
You can also start the fib from the 78.19 high to the lowest price we just made. The fibs line up pretty closely so both way will work within 50 cents or so
The .5fib comes in at 55.13 which is where I would be a dip buyer potentially and the .618 is 49.60$ which is a key support buy to grab coin from
It is good to state, that running a fib from the 78.19 high the target on coin around 67$ which lines up with my analysis range of reostance from 63-67$ so keep this in mind for upside targets
Personally I’m looking for coin to find reostance here an reject back to 55$
$GME Meme Basket: No ideaEnjoy the new GME basket. One stock was removed and was replaced with MARA a couple of weeks ago. I would've added APE as -APE in the formula that makes this basket, but Tradingview only allows up to 10 symbols to be combined into 1 ticker and APE is the 11'th ticker in this so...
Down to business, i have literally no clue what's going to happen.
imgur.com
Data says big downs, looks legit in my opinion. I have some reservations on what's going to happen so i'm keeping my eyes peeled.
In other news, FINV and GRAB are no longer in the data i'm receiving as of yesterday. No reason at all. I contacted TheOCC to see what's up with that.
Funnily enough, GRAB is IN the GME meme basket whilst another ticker called FIVN (Five9) is also in the basket whereas they removed GRAB and FINV(Finvolution). All timed perfectly with this auction error on open yesterday, all also timed perfectly well with when all of Opex Friday's volume was supposed to hit the tape yesterday but instead we got multiple chained glitches instead.
That being said, i have no idea where the market wants to move. TQQQ and QQQ are making huge moves in one direction whilst SPY is making big moves in the opposite direction. This flip happened before in Oct - December 2022 and now seems to be happenining again. I don't know what it means yet. I have no idea the direction we'll be taking. I need more data and more time. There's too many scenarios that could happen and it's impossible to pick the right one right now. We could start seeing volume on Friday due to yesterday's big OPEX volume having been FTD'd, we could see volume today from Monday's T+2 share settlement from option settlement... We could see T+3 share settlement or T+6 settlement into next week's Tuesday. We could see a move in around 33 days from now... it could be anything... So for now, i have no idea.
Guesstimate: Don't trade based on this. I think we'll have a short period of neutral trading as the flip between going short on one pair of Indices (TQQQ,QQQ) happens and shorts cover on SPY. Then we'll have a decent move up and then another move down. No idea about timeframes yet. This one is difficult to quantify. Obviously sideways for the market means downwards for GME, so... yeah.
Coinbase VS EthereumLooks like a pretty clear double bottom to me. I dont know the exact path or exactly how long it will take, but I expect coinbase to out preform ETH.
I also believe ETH will out preform BTC. So were talking gains that should be quite BIGLY.
Weekly bullish DIV on RSI stands out like a sore thumb.
Resistances are highlighted.
coin short more info$COIN has been stuck in a downward channel since 08/08/22. Thanks to its obvious symbiotic relationship with $BTC it is sitting at the top of this channel. Thank you jim crammer for that pump. Yet with the recent doubled top forming around this resistance of 57.33; then adding the selling pressure from the CEOs recents sales. As well as Surojit's separation, which includes a lumbsum payout as well as shares. Its time for a retest of the middle of this trend before we can see any more of a rally. With $BTC consolidating around 23k its my belief $COIN will take this time to come down for its back test. Call me a clown, but I put money on it.