A variant of the development of eventsThe 5th wave is looming on fibo. The purpose of the movement in the area of 140$
COIN trade ideas
COINCOIN putting in that beautiful retest of 230s area as support
Confluence with mid BB, 12s and 21s, Stochastic RSI reset (daily)
So long as can continue closing above 230 I believe this runs 330, perhaps as soon as April 20th, BTC willing
$COIN Start of a Downtrend or a RetracementConsidering companies like MicroStrategy, Coinbase etc. are pretty linked with crypto market, I assume Coinbase are going to give short opportunities.
Moving average indicators are starting to converge, momentum has a divergence, and BTC is falling strong, premarket is already low.
Good luck traders
not a financial advice.
COIN - Reckoning Incoming?COIN has been on an epic run. What goes up must come down as they say... but Bitcoin is at 73k tho bro. Just think of all the people who bought when it was at ~$50. A lot of institutional investment decided they were not going to miss out crypto this cycle and anticipated the run up. They are definitely going to take profits now that they are up almost 400% and they are also going to make sure to take advantage of the recent upsurge in retail interest and start selling into the momentum.
[COIN] Coinbase Long Swing PositionHere is where I wanted the price to reverse on a fakeout and today we can see this move I was looking for. We have a reason to start to build a long position with minimal risk on it and big reward.
My main target will be the psychological level of $200.0 but can also be a great entry for an investment for people wanting to invest on crypto asset performance without looking into specific coins.
Great Trade !
COINBASE-SELL strategy weekly chartThe share price is way overdone, and we observe a "negative divergence", i.e. we have higher HIGH on price action and lower HIGH RSI. This is one that usually works out well. The RSI as stated is high and shows we should see proper correction.
Strategy SELL @ $ 250-275 and take profit @ 135 for now. SL place it somewhere above $ 295
Euphoria coming in $COINBase on the current trend, NASDAQ:COIN about to make a local final push that will make most retailer euphoric and buy the top. RSI might be oversold atm but in my opinion the momentum is still very strong. I am very confident that there will be a surprise news in the nearest future that will cause this final push IMO.
This is not financial advised so #caveat and invest or trade at your own risk.
Cathie Wood’s Ark Invest sold $69M Coinbase ($COIN) SharesCathie Wood's Ark Invest has made headlines once again with a significant sell-off of Coinbase ( NASDAQ:COIN ) shares, amounting to a staggering $69.5 million. As one of the leading voices in the investment world, Wood's strategic moves often garner attention and spark discussions among investors. This latest divestment of Coinbase ( NASDAQ:COIN ) shares raises questions about Ark Invest's strategy, the performance of Coinbase, and the broader implications for cryptocurrency investors.
Ark Invest's Strategy and Coinbase's Performance:
Ark Invest operates with a strategic vision aimed at maintaining a balanced portfolio across its ETFs, necessitating periodic rebalancing when individual holdings exceed certain thresholds. The surge in Coinbase's share value, fueled by the recent rally in the price of bitcoin (BTC), prompted Ark Invest to conduct this substantial sell-off. Despite this move, Coinbase's weighting across Ark's ETFs remains above the 10% threshold, hinting at the potential for further sales.
Market Response and Coinbase's Current Performance:
Following Ark Invest's divestment actions, the market response to Coinbase's performance has been closely watched. Despite the sell-off, Coinbase ( NASDAQ:COIN ) has shown resilience, with a 5.77% increase in pre-market trading. This uptick in share price reflects investor sentiment and underscores the volatility inherent in the cryptocurrency market. As Coinbase ( NASDAQ:COIN ) continues to navigate this dynamic landscape, investors are keenly observing its performance and evaluating its long-term prospects.
Implications for Investors:
The divestment of Coinbase ( NASDAQ:COIN ) shares by Ark Invest raises important considerations for investors. It highlights the need for a balanced approach to portfolio management, particularly in volatile markets like cryptocurrencies.
COINCOIN looks to be basing above the 2022 yearly open.
Probably ready to continue its markup from mid of the whole move (230s) to third quarter of the whole move (330s).
Also, has some gap incentive along the way in the 280s.
I don't see this cooling off into halving.
Bullish on COINBASE - Reasons to BuyAn investment in COIN (Coinbase Global Inc.) represents a compelling opportunity to invest for several reasons: First, as a leading cryptocurrency exchange platform, Coinbase is at the forefront of the rapidly growing digital asset market. As cryptocurrency adoption increases, Coinbase stands to benefit significantly from the growing demand for trading and investing in digital assets.
In addition, Coinbase's business model offers multiple revenue streams, including transaction fees, custody services and institutional trading, which positions the company for long-term growth and sustainability. Coinbase's strong reputation for security and regulatory compliance enhances the company's appeal to both retail and institutional investors.
In addition, the recent approval of a Bitcoin spot exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC) provides another opportunity for COIN investors. As the market for cryptocurrency-related financial products continues to mature and expand, COIN will benefit from increasing trading volumes and investor interest in digital assets.
Coin hit targetCoin once again exceeds expectations and hit my short-term price target very quickly. I am up over 400% on this position.
-I am debating selling this when BTC really pumps vs. holding this as a potential blue chip market leader for years to come
COIN/USD inverse H&S breakoutSeems like another decent inverse H&S breakout on the monthly. Not a lot standing in the way as resistance until ~ $140.
Supporting fundamentals: BlackRock and other institutions have named Coinbase as their prospective ETF custodian.
Crypto market seems to be flipping bullish = more business and revenue for Coinbase.
Harmony Pattern prediction {Save to come back and compare}Based on study of harmonic patterns, this stock is forming the new top and it will complete the formation by around Tue, March 12th, then we will have the new bottom (after the pullback shaped) by around Monday, March 18th.
Save this prediction and come back on these dates and if you like how great this prediction was, i will teach you how to read market like this ✌️🍸🤑
Coinbase Stock Surpasses Initial Public Offering PriceThe stock price of Coinbase ( NASDAQ:COIN ) has surpassed its initial Public Offering (IPO) price for the first time in over two years, as Bitcoin ( CRYPTOCAP:BTC ) reached a new all-time high.
When the most prominent U.S. crypto exchange entered the public market through a direct listing in 2021, the Genesis price was $250 per share. Initially, the stock experienced a surge, reaching a peak of $350 per share in November 2021. However, it concluded its first year on the market with a 38% loss.
The following years saw Coinbase’s ( NASDAQ:COIN ) shares struggle as the cryptocurrency market plummeted and regulatory scrutiny from the SEC intensified. However, the past year has witnessed a dramatic turnaround for Coinbase ( NASDAQ:COIN ), thanks partly to Bitcoin’s price surge and the SEC’s approval of spot Bitcoin ETFs. As a result, Coinbase’s ( NASDAQ:COIN ) stock value has spiked by over 300% in the past 12 months.
The company’s stock surged over 5% today after the latest bull run saw CRYPTOCAP:BTC reach a new peak of $70,000, but Coinbase ( NASDAQ:COIN ) is not the only company benefiting from the current bull market. MicroStrategy Inc., the largest Bitcoin holder, also increased its shares by 113% in the past month. NVIDIA’s stock also rallied over 20% this month due to its close association with Bitcoin mining.
Despite Coinbase’s ( NASDAQ:COIN ) latest achievement, savvy investors who have held onto their shares since the beginning may not feel completely vindicated. By the end of 2022, the company’s stock had plummeted by 86%.
Nevertheless, Coinbase’s ( NASDAQ:COIN ) stock has been on an upward trajectory alongside the crypto market. The rise comes despite recent technical issues on Coinbase’s platform, where some users reported seeing zero balances.
COIN for the yearThis is how i see it going, my time frame may be a little short but over all its going
Coinbase Global - Btc = 63k from marchBtc = 63k from march
Btc = 63k from march
Btc = 63k from march
Btc = 63k from march
TradingView Post: Coinbase Climbs as Bitcoin Hits New HighWith Bitcoin breaking to all-time highs this week, the spotlight is shining the world’s largest cryptocurrency platform: Coinbase.
Bitcoin's Surge Propels Coinbase Despite Platform Hiccups
In the midst of Bitcoin's impressive third bull run, cryptocurrency trading platform Coinbase is experiencing both highs and challenges.
Bitcoin's ascent to over $1 trillion in market cap has boosted Coinbase's standing, with the platform witnessing increased user activity – propelling the shares higher.
However, the surge in demand has also led to disruptions, including displays showing zero balances for some users. Coinbase's ability to navigate and swiftly address these challenges will be crucial in maintaining its position as a leading player in the dynamic cryptocurrency market.
Coinbase: Key Levels to Keep an Eye On
Daily Candle Chart Analysis:
Coinbase’s recent rally has seen the shares surge past the December highs – forming a series of steepening trendlines in the process.
The shares have just completed an ABCD harmonic move – where the magnitude of the recent rally is equidistant to the Nov-Dec rally.
Key levels to watch on the daily candle chart include the two ascending trendlines and the broken resistance / turned new support area created by the broken December highs.
COIN Daily Candle Chart
Past performance is not a reliable indicator of future results
Weekly Candle Chart Analysis:
Elevating our perspective to a weekly timeframe unveils a broader picture of Coinbase's performance.
The recent rally has successfully breached a significant resistance level created by a cluster of swing lows in May 2021, providing ample headroom until the November 2021 swing highs.
COIN Weekly Candle Chart
Past performance is not a reliable indicator of future results
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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COINBASE-SELL strategy weekly chartThese shares are not for the faint heart(ed). It is of course dominated by crypto and these are way over done as well. To SELL is should be seen as a strategy for coming weeks, as the decline will unfold and likely may reach a correction back to $ 150 handle.
Strategy SELL @ $ 225-250 and place SL (if one wishes too) above $ 290 and take profit at @ $ 165.
COIN EW Structure and Distant 200 DayCOIN has been running well and it might not be a bad time to secure profit.
Reverse Cowgirl Pattern appears to have broken down and run deeper than expected.
COIN Long Rally PotentialMost of my annotations are provided on the graph. I did this for fun, using information from various financial information and traders. Expect to see growth until earnings on Febuary 24. This is not financial advice.
📉 Coinbase Closed Red (77.99 Next)Just two simple points I would like to mention as the chart remains the same as in the previous trade idea:
1) The Irregular correction (3-3-5) stays the same.
2) COIN closed red both the 27th and 28th of February.
March 2024 Coinbase (COIN) and Bitcoin (BTCUSD) will turn red, big time.
👉 The correction target at this early date is expected to happen between 64.9 to 91.08. That is between the 0.786 and 0.618 Fib. retracement level for the entire bullish wave starting December 2022.
Namaste.
COIN is continuing its uptrend-Bounced from FIBO -0.27 and earlier liquidity POC and now aproaching buy zone 130-160 USD
-Sell zone is at heavy resistance zone 210-230 USD , FIBO -0.618 LVL, earlier liquidity POC and PRICE GAP
-Uptrend potential is 50%
