COIN trade ideas
Coin 6.6.23Moving in its same trash range as expected. Should have bought MSTR or Btc like I Said. Can't believe ppl actually argue over this and have emotional attachment. The chart speaks for itself.
$COIN Sell the Rumor buy the newsNASDAQ:COIN Sell the Rumor buy the news. Double bottom pierced. Chart still looks bearish with all of the moving averages above the stock price.
COIN going to try reach trendlineCOIN is breaking out of small consolidation. Its still in larger triangle. I am making small position for target around 72. If it breaks out of larger falling trendline, it can give nice move.
$COIN - Looking bullishNASDAQ:COIN looking good. Its been hugging on to the fib support and starting to move. Its above all moving averages and golden cross is in the cards. Targets - $70, $84, $110. Downside risk is $50. 💥🚀💰
potential long setup Over the weekend crypto made a solid move to the upside. ill know be looking for Coinbase to follow suite. Price gapped up this morning and is currently trading sideways on the LTF. Normally id be looking for a pullback at market open before taking an entry but the opportunity may not present itself.
Im looking at the $59 and $60 calls expiring 6/2/23
Price target: $65.00
Very bullish on coinIt’s breaking out IMO as we speak
Stochastic rsi has flipped as well
I see confluences for a move to 200$
Lagging behind nasdaq and undervalued imo
COIN Half LifeCOIN has been stuck in a downward channel since it's IPO loosing 90% of it's value. However in that time there have been 3 BUY opportunities returning +50%, +50% and +100% respectively... and they all seem to appear at key levels based on 50% downward movements.
Are we going to see some similar action moving forward ? so $30 and $20 levels might be key to watch.
COIN TRADEI believe Coinbase inc. has very good potential of growing to my TP, this is a long term trade as the main reason it is down is because its link to the cryptocurrency market and not because of the actual company itself. If we see the company it has very good numbers, they are trying to be firm on the regulatory side. I believe as US company it has good potential to keep growing.
$COIN Short NASDAQ:COIN
I like the Idea of Shorting Coin.
Nothing to complicated guys and girls.
$55 short to a Target Fib Level of $52.84.
- Friday close was bearish with huge selling volumes end of day
- Stochastic RSI is forming an indicative pull back move
- RSI 14 Day Average shows trend breakdown with low buying resistance and higher selling resistance picking up
- AD / DX turning bearish with red bearish line resembling confluence/diversion to a bearish move up of the red line.
- Trading below 20/50/100 SMA already
Trade Idea with Options Derivatives is Puts, ideally in the money $55 and to $50, this is the trade for this week 22nd May 2023.
For confirmation must watch NASDAQ / Tech 100 and Bitcoin for confirmation.
I would be also watching for weakness in Crypto mining stocks, there was plenty of covered call selling on NASDAQ:MARA $9 for many weeks and it seems that buyers are exhausted. A break of $9 should see a move down to $8.50.
KalaGhazi | Coinbase ConsolidationThey're in a brutal battle with the SEC over whether cryptos are securities. He expects fireworks. A nightmare.
Coin update So we discussed the possibility of a W pattern formed on that 57$ retest. As of now we got it ! One thing to watch closely thou is this 60$-60.40 level.
Although this idea I have is potentially a nasty breakout trade, we do have to be carful Becuase we have 2 lower highs in place and a flat bottom at 57$
So technically this can be a bearish pattern. If we break and hold above 60,50 as support this can rip up
The previous high of this pattern is also a reistance to watch
I am in king at 57$ as we discussed taking it… but I am going to add some shorts in at 60$ area as a hedge against my long calls…. If coin rejects and fails and comes back towards 57 this could breakdown so we are at out of the woods yet!!!
It is super interesting that it is sooo simalr to the C3 ai chart almost identical and if you look and see what C3 ai did after this smal exact setup we can see what coin can do also. Howver just Becuase it looks the same doesn’t mean it has to react the same way. Just keep in mind 60.40-35 will be a big level as well as 61.35. If we break and hold 61.35 this could be setting up as a neckline of the W pattern we are all playing off 57$.
Good luck I hope we all win big but I am right now being cautious
So I’m staying neutral as we reach 60.35 and 61.35
COIN at cluster support, will history repeat?😜huge bounce last time we had this setup where coin was at trend support/critical support area, so the question is will history repeat?
it usually does in these markets, watching for rally to 59-67-85
last chart from me today, see you again soon with more! :)
CoinThis is setting up nice we put in a double bottom at the 50$. We had a trendline break and push up. If you compare this chart to a 15/30 min chart on C3 ai you’ll see the same setup and what it did after this same setup
I’m looking on coin to pull back in and make a double bottom at that most recent low after the trend break. It can make a lower low and still be a double bottom as C3AI did same thing to fakeout bulls. Don’t get fool
Long off next dip in close to old low of 57$. Slap the longs and give it a dollar or so risk
Coinbase Wyckoff Accumulation. SPRING in play?We will find out shortly.
The bear case: Coin goes to zero, after the US authorities pull on some threads and we unwind some massive criminal activity between the inner dealings of DCG - GENESIS - COINBASE - SILVERGATE - FTX - etc etc etc....
The Bull case: The bear case above is the overhanging Fear Uncertainty And doubt which is being amplified by the market maker so that he can scoop the final remaining shares. Within days we should see the beginning of a rally which should be relentless in its pursuit of reaching 115 dollars per share. Many will take this opportunity to sell at break even, or a slight loss from previous purchases (the remaining supply is absorbed by the market maker) Once this final supply is absorbed, we will see the market drift higher. People will ask, how was coinbase ever valued at 32 dollars per share??? how did the market dislocate so much and provide the opportunity for a 10x in such a short period of time?
The market often over corrects just as much as it overshoots, providing great opportunity. Is this a case in which this has happened? or is coin really going to zero?
We must dig deeper to understand. However, I am not here to do your homework. So do it yourself.
Here are some hints though.
USDC
LSD
SUBSCRIPTIONS
Furthermore we must admit that coinbase has:
Pricing power
Trust
Assets backed 1-1
I, Like my perceived market maker, have been accumulating at any price below 70 dollars, I would thus argue the market maker may not in fact be a single person, but rather a collective of people like myself thinking similarly. We take the risk when few others will, and for this we stand to profit more than usual. Or go broke.
SHORT SETUP FOR COIN I will short COIN until 61.66 area!
The trade is very simple, we have a trend, we have a resistance and suport zones.
✨ NEW: COINBASE ✨ EQUITIES: COIN (100m) ✨TP3 @ 76.85 (close ALL Buy Orders)
TP2 @ 70.95 (shaving 25%)
TP1 @ 66.50 (shaving 25%)
BLO @ 60.10
00:00 Shout Out to @Casey_Louis
00:41 Curve Analysis
02:03 Buy Limit Order
02:18 Take Profit Levels
02:43 TP3 Below the Novice Gap
03:43 Curve Analysis II
04:02 Boost, Follow, Join, Comment
Coinbase exchange. Will rise from the ash. Soon will expanding to 6+ countries. Opening derivative exchange in Bermudas. Open L2 solution on Optimism - Base. Whats will happen with the next new ATH? 1000$.
$COIN headed up to $100+Think we're about to see the crypto market turn higher. NASDAQ:COIN should be a major beneficiary of the higher move.
The lowest I see NASDAQ:COIN going in the near term is $44, but we also may have bottomed and earnings could send the stock much higher.
Think we're likely to see the first target of $108 get hit, then think it's likely to hit the $150ish-$160 for final targets for the move.
This should all play out before July. Let's see what happens from here.
coin to moon)although earnings prediction is not the precise one, for a long run after earning awaiting it to increase as an good investment for now
COIN bullish in a short termI think we can easily reach the 57 lvl, but also we can reach 60 lvl...
Entrance= Open price at 04/31/2023
Target= 57.52
Stop=53.81
Is COIN correct on offshoring their operations?Coinbase appears to be getting crushed due to the unpredictable nature of Bitcoin volatility. How much there is any form of long-term upward trending, COIN is a company that needs to be questioned as a long-term hold. There are various lawsuits targeting this company but to be fair, the CEO and founder are correct about U.S. government regulation on crypto. The issue is when you are offshoring new crypto institutional exchanges, their intended institutional customers will question why this is happening. It would be looked upon as another potential FTX scam. Over the long run, this may hurt the company more versus the immediate returns they seek.
Coinbase Earnings due. Will it gain or lose 40%?Tricky position. Lot of FUD circling Coinbase with increasing Government regulatory attention. With earnings due in a couple of days it will be interesting to see if it rallies 40% + back up to its previous resistance area or perhaps just as likely, drop another 40% back to its recent low.
One to watch either way. Best to wait for confirmation.
