MM Pattern may be forming.
The 2nd leg ended ay the .618.
Mo recommendation/T1 is in larger orange type than T2. T2 is valid only if T1 is passed.
COIN trade ideas
COIN earnings todayCOIN Q4 December 2022 earnings are today 2/21 at 4:10pm. Coinbase Global Inc Cl A (COIN) reported Q3 September 2022 loss of $2.43 per share on revenue of $590.3 million. The consensus estimate was a loss of $2.23 per share on revenue of $642.8 million. Revenue fell 55% compared to the same quarter a year ago. Here's a COIN 1-day chart with a BTC/USD split view below since their price action is correlated together. COIN is trading at a delta equilibrium right near its pivot level today going into its earnings announcement post market. Since this can go either way after earnings, here's COIN TTCATR levels and 2/24, 3/17 & 4/21 expiry options data. The only thing that stands out is the 4/21 expiry options data is extremely bearish or heavy put hedging.
Q4 January 2023 Consensus:
EPS = (-$2.39)
Revenue = $586M
TTCATR SMA20:
Top = 101
R4 = 94
R3 = 86
R2 = 79
R1 = 71
pivot = 63
S1 = 55
S2 = 48
S3 = 40
S4 = 33
Bottom = 25
2/24 expiry options data:
Put Volume Total 20,795
Call Volume Total 32,341
Put/Call Volume Ratio 0.64
Put Open Interest Total 61,350
Call Open Interest Total 50,887
Put/Call Open Interest Ratio 1.21
3/17 expiry options data:
Put Volume Total 5,247
Call Volume Total 6,597
Put/Call Volume Ratio 0.80
Put Open Interest Total 105,856
Call Open Interest Total 87,486
Put/Call Open Interest Ratio 1.21
4/21 expiry options data:
Put Volume Total 3,377
Call Volume Total 3,495
Put/Call Volume Ratio 0.97
Put Open Interest Total 30,776
Call Open Interest Total 12,262
Put/Call Open Interest Ratio 2.51
COIN daily idea, with mapped out levels and trendlines.COIN
Nice hold and bounce off that 61.5 spot which was my previous breakout area mapped out in the last idea. Things to note we have another weekly candle close above the 9&21emas although the moving averages have not crossed yet. We are technically still bearish but setting up for a for big move. Earnings coming out next week I will be watching for that 61 area to hold if not we have a trendline spot to watch for a potential bounce or break down.
Long COIN Mar 17 '23 $50 PutHigher for longer rates are bad for risk assets. COIN has broken its uptrend and I look for the stock to move lower over the coming month. For a trade I went long the Mar 17 '23 $50 Put on COIN. We shall see.
COIN - Next moveAfter predicting the last top for coinbase around $80 then projecting the retracement would lead us to around $52 (0.618) within $1 of actual. We can now make a new projection for coinbase's price. After the temporary bottom around $52 we pushed back up to retest our 0.236 (red arrow/circle) as new resistance. This is in accordance to BTC retesting the $25,300 level and double topping. After testing our 0.236, coinbase immediately pushed back down to the 0.382.
Since Coinbase is following btc so closely we can project the 2 scenarios. The more likely one should be down. This would be in accordance to my previous post about BTC and btc breaching $20k again. This would theoretically put coinbase back around $40 which is close to our 0.786 of our trend and our 1.618 ($41) of our micro trend.
If BTC reverses trend and closes candles above $25,400, the Coinbase should start closing above our 0.236 which would give us the indication we are about to break our micro high around $89. If this move occurred then BTC should be back in the $28-30k zone and COIN should be in the $120ish range.
COIN: Cup and Handle watch for breakoutCOIN :Cup and Handle watch for breakout on 65m. Continued strength in sector in tandem with macro policies. Volume will be needed to confirm continuation on upside and acceptance at higher price shelf// KL: >70.47: 72.06, 73.25, 75.95, 83.02// <70.47: 68.80, 65.70 <63.00 invalidates this pattern // ATR: 6.80, Vol: 12.27%// Bias: Neutral-Risk on for intraday/short term; Risk on for long term//PT 83.02 on 65m// Price at time of publish: 70.88
💾 Coinbase | Looking At The Current Correction, Is It Over?Coinbase (COIN) remains really strong but the correction is significant, a 39% drop in 10 days.
The drop stopped right above EMA50 also matching the 0.618 Fib. retracement (golden ratio) level of the bullish wave that lasted exactly one month from 6-Jan. to 6-Feb.
If the market is set to move higher as we strongly believe will happen, this should be the end of the correction.
Not just the size but also the speed, fast drop, matches perfectly the type of market action we are having.
After a strong bullish wave that is set to continue, this is the exact type of correction that one would expect.
We have confirmation from other charts... TSLA just published.
Expect 168 next and 52 as the main strong support if the bulls fail.
Prepare for the worst, hope for the best.
Namaste.
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
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
Noticias y analisis del mercado Feb 8This video is a quick analysis of the market.
We are expecting a correction in the market after this quick jump in the stock and crypto market
COIN GAP FILLSfuture gap fills and trade ideas for coin not a financial advisor just a broke mexican!!!!
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.
COIN is at a critical resistance level 🔭break of trend resistance zone/57.09 may lead to some parabolic breakout towards 100 🎯
Rejection here and break of 44.10, and we see downside to 33-35 🙈
Boost and follow for more 💙
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 (~$43).
Profit taking levels for coinbaseThese are the levels I am looking at. Take profit 1 2 and 3.
This is in relation to the Wyckoff accumulation case I made at 32 dollars. (search my history for it)
CoinRallyed very hard. I got in at 50.22 area and rode it to 55.60. I sold it out, it came back to 49/50 area and ripped to 60$ 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$
I will buy many shares when it drops to 14 USD Only if cryptos will be around by then. This piece of shoot company has many problems and full of scam. I cannot understand why people buy shares when all the stakeholders ar willing to sell.
I have build a strong wall around 14 USD. Impenetrable.
Coinbase1 Day is candle time frame. $COIN was dipping for quite sometime and recently gave signal to buy
$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.
