1QZ trade ideas
Coinbase Global, Inc. (COIN) Looks Terrible, Losses SupportThe low for Coinbase (COIN) was set back in 12-May 2022 at $40.83.
Today, 193 days later, COIN losses this support and a new low is hit.
The volume profile spells doom for this stock.
We can see strong bear volume and weak bull volume as this new low is being hit.
Everything is about to speed up...
We can expect bottom searching on the next drop.
CHANGE
COIN needs to move and close above $50 or EMA10 for the bulls to be back in the game.
Namaste.
The Crypto Battle Royal Draws to a ConclusionThis story about crypto started about 2 years ago.
It starts with an idea about why Blackouts in Xinjiang were linked to crypto problems in China.
The idea was that bitcoin was going to solve inequality and be free from government manipulation.
What could be more opposite to what China wants.
The cost? A surge in energy and semiconductor demand unlike anything thought possible at the time.
China gave us the first indication the cost was to much to sustain and exited the ring for who would control bitcoin.
The next to leave the ring were popular dollar pegs.
It wasn't long before wall street got involved in the fight by taking Coinbase public along with ETFs and enough dumb money to bankrupt a country.
I stood up on my soapbox (Trading View ❤️) and shouted what I knew to be inevitable.
But at the time, nobody was listening. The stock market and crypto went into a spiral downward in harmonic correlation.
Finally after 2 years and several criminal masterminds identified by MSM.
translation = SBF is about as solely responsible for crypto collapse as Madoff was or Kareem Serageldin.
I thought this story would end with Bitcoin dying completely.
But then I noticed players like TastyTrades stepping into crypto ring and thought to myself maybe there is a chapter 2 to this story.
I think there is a lot more legitimacy to digital currency now that players like TastyTrades are entering at this particular time.
I could be wrong on this one, but I'm leaning risk on by buying Coinbase here.
Feel free to leave hate mail below in the comments 👇👇
COIN New Trade > Naked Put
New Trade $COIN
Naked Put
Strike $22.5
Premium $0.53 x 3 contract = $159.00
Adding to the previous contracts Strikes 25 for a total credit of $557.00
COINBASE accumulatingHello traders,
I invested to COINBASE and still buying... It is almost same as buying Bitcoin. May be a bit more safer than buying bitcoin. I believe within next 12 months it will reach 350 USD min. and if bitcoin reach to 120K than COINBASE will be min. 800 USD.
(It's just my idea, not a investing advice, don't listen me.)
What do you think? Share your ideas at comments.
$COINBASE- 5x in 2 yearshad a relative buy this a while ago and now cursing crypto
imo these are just cycles where we get emotionally sucked in and ignore the fact that the weekly stoch has bottomed and about to turn up
already deployed most of my cap
trying to get rid of something to pop in more incase we do get a flush to 11500
look at buying your shitcoins like you were buying a house . major gains only after a while since there are lots of levels to break through fun only begins after 208 in this case.
Another coinbase LongIf ypu wasnt sleeping in the class this setup is just like the prior coinbase long i posted
a nice 7 pct rise for tp 1
LONG COINBASE Powell gave us this setup during his speach to day..
Im long from 42
Lets se if this is the swing
Good trading guys
$COIN Bullish Gartley 30m - Could see a pop in the morning.Put it on your watchlist for a 50% retracement in the morning, could be a nice trade out the gates depending on where we open.
$COIN trade recap$COIN
The stock opened with a gap down and I had it on my watch list and trading plan, the initial idea was to take the stock from $42 if strong support was created at the level but it didn't happen and the stock went up strongly with the market up to the $45 resistance area. From there I took the stock short as soon as it broke an area there which in my opinion there is no way back for the stock to go up and the market also changed its direction down.
Entry - 44.37
Stop - 45.01
Take profit - $43 You can see that I took some profit at 43.65 but it was a little less than 5% of my risk (it was to reassure myself because there was a level of support, but not strong at all)
COINBASE in technical trouble... Noted that Coinbase COIN is in some sort of technical trouble.
Based on downside projections, the downdraft is technically aligned and sound, with a target of 23.36, by mid-December. This is a 50% cut in stock price from last Friday's closing.
An earlier breakdown of the triangle, and the more recent failure of the 2022 support last Friday suggest more downside to follow in the days and weeks ahead.
Heads up...
COINNot financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally
Coinbase seems to be in big trouble- the chart has been nothing but down only since inception
- don´t think it´s a problem of Coinbase being a crypto company either, in bull markets, exchanges make absolutely massive revenues yet it seems COIN failed to capitalize on that
- confirmed breakdown of an almost 200 day long range
- Brian Armstrong selling the last of his shares is not exactly confidence inducing
COINBASE (COIN) going out of business...Looking at the lines I have put in place COIN has touched this support 5 times... we have now broken that and look for a big rejection to happen. You can see crypto still bleeding so look for COIN to follow...
COIN is bottoming COIN is bottoming,
trendline has support.
so we wait for a stong V bottom.
there is not too much space for downtrend.
