COIN - Reverse H&S Forming. Massive Upside if/when Reverse H&S forms, potentially b/c SEC/CFTC losing case in court AND/OR BTC rallying significantly on some of regional banks biting the dust.
COIN trade ideas
$COIN Coinbase holding the levels it needs to NASDAQ:COIN
If you watch Bitcoin you need to watch Coinbase as well.
If and when Bitcoin breaks resistant levels, this one will move as well.
lots of upside with this being towards the bottom of the range
Gamble Here on 3-31 Calls for Coinbaseelastic price movements in a bullish cycle give asymetric risk vs reward potential to short dated calls.
COIN could trampoline back up to $75 next week.
COIN Support & Demand ZoneCoin has bounced off the $6.5 or so demand/support zone several times and it looks like the bulls won’t let this break. Have some solid open interest on the $64-65 weekly calls here too. If we close above this support I think we see a minimal bullish push to $65-67
COIN 32423COIN looking like it wants to retest the bottom of the range. Cathie Wood about to get annihilated. SHould have held that TSLA or put that money in MSTR instead of COIN
CoinThis 68.75 area looks like a great short for me on coin. After that sell off to 60.50 premarket I took coin long at 60.98 for a swing trade to 68.75 I just sold out at 68.20. I think a short on coin around 68.75 watch the high of 70 potential but a rejection of 68.75 no candles closing above will be a banger short entry
$COIN pullback to $5X.XXWell's notice fiasco after a series of failed meeting with the SEC, bearish divergences all over crypto and heavy insider selling since Feb is a recipe for $COIN to pullback after a pump from $40 to $80. Even Cathy Wood has sold large positions in $COIN for the first time this year, which is no good news.
$COIN to $98-$119 based on technical analysis #bitcoin #COINYes, in spite of the news after hours today.
This pattern is ultimately in line with what I see on Bitcoin, which is a push to the center line of the overall larger channel on Bitcoin up to 35,200. I think we can get a more specific idea of our target on COIN based on the 38 & 50 % inverse fib levels drawn here which represent $98 and $119
💾 Coinbase Global, Goes Bullish | Next Target Mapped (120%)Looks like the bleeding is over for Coinbase (COIN) and this is definitely good news.
Not because of Coinbase itself but because this matches the reversal signals we are seeing on Bitcoin and the Altcoins.
Coinbase is part of crypto.
Coinbase starts to recover.
Crypto starts to recover.
Bitcoin starts to recover...
What I mean is that this stock going bullish at the same time work as a confirmation signal.
A low was hit 28-Dec.
All the major cryptocurrencies also hit a low late December.
Yesterday we saw a full green candle, increasing volume and the RSI trending upwards.
Here is what we can expect, we are going to be looking at this mid-term.
The first target will be $63.96.
Yes, there will be resistance at $45 where EMA50 sits right now but the Fib. numbers are more relevant than the moving averages to us.
The main target should be around $83...
We have until late March for this move to fully develop giving us potentially higher targets but who knows... This is what looks do-able based on the signals coming from this chart.
The whole thing/analysis/setup is invalidated if COIN moves and closes daily/weekly below $31.
By the way, hitting $83 would mean more than 120% on this bullish wave.
Namaste.
💾 Coinbase Super Bullish | Multiple Targets MappedThe consolidation pattern on the COIN-base chart we looked at changed to a bullish flag, this doesn't change much since the bullish breakout is already confirmed.
If Bitcoin growth is any indication over the weekend and the strong bullish signals on this chart we should see a continuation this week.
✔️ Gold is going bullish as well.
Short-term the next target is set at 84 and should hit very easily, followed by 100 also easy.
The higher targets will take a bit longer but there is potential for more, based on the chart.
Namaste.
Play crypto with CoinbaseIf you want to play crypto coinbase is related. Crypto market has been down for a while and my barber at the barber shop
has stopped talking about crypto and how he will become a millionaire. Thats a good sign. I belive now is the time to buy.
The price is far below its avrages and we have higher margin of safety then ever before.
I bought between 35 and 40. i will keep adding my position every time it dips in the 30 ranges.
Will be a longer term play.
Also there are not many credible exchanges left, binance is shady and Coinbase is the only one
doing it right regualtory and accepted by most traditonal banks for transactions.
Happy investing.
COIN 200% Upside Potential?Interesting setup here on COIN.
My primary analysis was with the 4D, on that chart price as recaptured momentum and bias (the RDA).
So I dropped down to the daily to verify the pattern is holding and if the signals cascade down. They did.
Below is where I'll enter this trade, I might start on market open today regardless of if it gets to this zone.
Scale is done on the 60m and 5m charts on momentum and bias shifts.
SL is obvious, solid close below 34.70 cut position or take risk, scaling in more with the expectation of impulse up, then exit if follow thru does not happen.
Timeframe: who knows, but if price on D and 4D stays above RDA and momentum long there's really no reason to get out of the trade.
Earn A 14% Yield Waiting To Buy Coinbase At A 67% DiscountIdea : Sell Coinbase $25 strike puts expiring 5/19/2023 for $55 per contract ($0.55 market bid)
Note : Your broker will reserve $2,500 in buying power for every contract sold.
Stats :
-67% breakeven (underlying stock can drop this much until assignment)
13.6% annualized return
97% chance of max profit
Comments : Coinbase is a bedrock crypto company. The exchange is one of the last remaining firms in the regulated space, and while there has been some uncertainty recently about the banking sector and their commitment to facilitating crypto “bridging”, we expect that fears are overblown, and the company will continue to work towards consistent profitability and cash flow. Base, Coinbase’s new Ethereum L2 should help this goal, along with new initiatives the company continues to roll out.
The recent rally in crypto prices has helped the stock as well, as the sector seems poised for a rebound on the back of issues present in the traditional monetary/financial system.
Risks : Should regulators effectively prevent Coinbase from facilitating fiat payments in addition to crypto transactions, then the stock would take a beating. Additional price pressure on cryptocurrencies could also hurt earnings, as reduced interest and transaction volume hurt exchange fees. Finally, the stock is simply rather volatile as a result of having a wide variety of potential future long term operational and financial outcomes. Should the stock drop precipitously on no news, or on tactical positioning by funds and other market participants, then this trade could suffer losses.
$COIN: weekly trend signal, could be a substantial bottomI think odds are good that Coinbase has bottomed for the first time since IPO. Worth a shot on the long side here, I like that they are planning to diversify away from US as jurisdiction and embrace international clients in a safer location allowing them to expand their offerings into lending, derivatives and whatnot.
Chart setup is very good and it should mostly correlate #Bitcoin and #miner charts so it's likely a good addition to a portfolio with exposure to crypto.
Best of luck!
Cheers,
Ivan Labrie.
💾 Coinbase Bulls Confirmed | Targets MappedWe looked at a consolidation pattern on the last update for the Coinbase stock, COIN.
After breaking bearish, the correction hit bottom and an even stronger recovery followed.
We have a very strong RSI and a bullish cross on the MACD with the histogram going green.
The week is going to close full green and how the week ends, the next week tends to follow.
We are expecting a very strong/green/positive week next week for Cryptocurrency and Coinbase is already confirming this with strong bullish action today.
We continue aiming higher.
Higher highs with 98, 118, 145 and up to 168 as the targets for this current bullish wave.
The charts can always change so make sure to plan and do your own research if you decide to trade.
Namaste.
Markup soon?It looks like it is getting close to a markup. Price has consolidated at the end of a bullish pennant. The last couple of days were already a liquidity test, but it is possible that there would be a second round. Any positive crypto news could send this up. However this could also still go lower. Cautiously long until confirmation.
Squeeze the coins out this PiggieIn with short position on this over extended bad boy. PT is sub 50 from here in the near term
$COIN good R/R for a bear tradeRetesting triangle breakout point. History may repeat here. I will get out quick if we trade back above 61.25. Have a good day all.
COIN Coinbase potential Sell-Off !!!If you haven`t bought COIN puts here:
Or sold it here:
Then you should know that COIN Coinbase was more than a client of Silicon Valley Bank, and the relationship between the two companies was more than just a client-provider one.
Back in 2014, when cryptocurrency projects and businesses affiliated with crypto struggled to secure financing from traditional sources, Coinbase gave a stock warrant to Silicon Valley Bank.
This was part of an agreement between the two companies, which allowed Coinbase to use the bank's services.
The warrant gave the bank the option to buy more than 400,000 shares of Coinbase's class B common stock for slightly over $1 each. The warrant was valid until June 2024, but it is unclear what its status is currently.
However, Silicon Valley Bank's latest annual report to the Securities and Exchange Commission revealed that the bank earned $116 million in gains "related to Coinbase's direct listing" in 2021.
Coinbase has also paused conversions between USDC (a stablecoin pegged to the US dollar) and US dollars, due to the ongoing banking crisis that has affected the crypto industry.
Circle, which backs USDC, confirmed that $3.3 billion of the $40 billion supporting its stablecoin was deposited at Silicon Valley Bank.
Following the bank's seizure by the FDIC, the fate of that cash is uncertain, and USDC's dollar peg has been lost temporarily.
It remains unclear what Coinbase's exposure to USDC is at this time.
Considering the chart, my Price Target for COIN Coinbase is $34, for a potential Double Bottom.
Looking forward to read your opinion about it!
COINBASE Stock Chart Fibonacci Analysis 031123 1) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 58/61.80%
COIN short bearish push for expect
Hi viewers, CTAS price break zone, tech. side showing we can expect bearish trend
TP1:47
TP2:43
