coinbase we can see the price move near the big support 115 and 0.61 fibo
we can expect big bounce from here
targets are
134
141
159
COIN trade ideas
Coinbase Update: Moved lower into the box as predictedToday we hit right under the $140 area that I was calling for and then got rejected. According to my count this is the wave 5 of c of (4). As stated earlier I bought a measly 10 shares at about $125. I then set my stop limit @ $114.41 as this count becomes invalidated at that point. Notice how the 0.5 retracement fib is @ $114.39? Do you remember why that is significant? Looking at MACD we are on positive divergence in the micros and the larger time frame.
I don't feel this has much lower to go before it starts to move higher again towards the low $200 area. If we start to get an impulsive move higher soon, I will probably buy either a few more shares or a couple calls.
Coinbase Update: 01/17/2024In my last post I said I thought that Coinbase should be getting another low ideally. This was due to a few reasons, but it appears we may just get that low soon as this little retrace appears corrective. Ideally, we need a mini-c wave higher to the $140 area to finish out this mini-wave 4. We would then drop in wave 5 of c towards the 1.0 @ $124.73.
Quite a few different tickers that I watch appear to point higher soon, rather for a retrace or to be finishing out their respective counts higher. Coinbase is its own chart though and seems to be affected by crypto much more than any other chart. Will this help it or hurt it? Time will tell but one thing seems certain, crypto is exiting its winter and seems to be starting a new bull cycle. With the SEC finally approving BTC ETF's and rumors of an ETH/XRP ETF coming in the future, it will surely get people excited. Coinbase more than any other stock stands to benefit the most. Time will tell.
COIN TB(E)?180-86 price range, no idea where this is going but bookmarking for later.
Do I want to own this thing? Should I buy it? Or do I not even want to rent the darn thing....??
Confusion of da highest orda!!!
COINBASE-BUY strategy Daily chartwe have corrected nicely, and almost near objective. Now we are basing and likely we test higher above $ 155 again short-term.
Strategy BUY @ $ 130-135 area and place SL below $ 120.00 and profit @ 165.00.
COIN - Coinbase - Long positionTake buying postion arount 117$, stock very volatile therfore it is recomendable to take a small position, Coinbase would be the BTC custodiam of Blackrock, which is good.
BUY and HOLD
$COIN COMPLETE ELLIOT WAVE ANALYSIS Observations indicate that NASDAQ:COIN is currently within the fifth wave of a broader wave C. Notably, yesterday saw a reversal from the 0.5 retracement level, signaling the completion of wave 4 and readiness for the forthcoming wave 5. It is customary for wave 1 and wave 5 to exhibit equality in length, a consequence of the extended wave 3. Anticipating this pattern, I project that wave 5 will reach the 3.618 extension, approximately at $315, thereby concluding both wave 5 and wave C in their entirety.
coinbase$ ;wyckoff ?Hello!,: since august 2022 coinbase has been in an accumulation phase. The range has given way¨¨¨we can imagine a continuation of the rally in the future after throwback to 117 UNITS§!
COINBelieve this is COIN bottom here around first quarter
Sold puts for March atm and buying otm calls with proceeds
Coinbase UpdateThe price action to me, in regard to Coinbase, seems obvious. The action since our top of $187.97, has been corrective without a doubt. We have since carved out the a-b waves and currently headed towards the end of this c wave IMO. We dropped last trading session pretty hard and paused at the larger 1.0 extension & 0.382 retracements fibs. The hard drop is a hallmark of a c-wave as I have stated in the past. I still feel we have a little lower to go according to my target box, but Coinbase is building positive divergence on the micros and the larger timeframes. I don't want us to drop below the 0.5 retracement fib @ $114.39, or this is not likely wave (4), and I would need to return to the drawing board. Therefore, the two highest probability endpoints are the smaller 1.0 or 1.236 fibs @ $124.73-$116.96. I'm not saying we can't drop lower, but these are the areas I will be looking at for buying some shares and possibly calls. I will update with any trades made per the usual.
Friendly Reminder: Beginning March 1st (~7 weeks), I will be dramatically changing my posting schedule here on trading view.
Coinbase StockCOIN - a crypto exchange stock which's price is positively correlated with bitcoin. Wave 2 could last till the end of Q1.
$COIN Possible Inverse H&S Neckline RetestPossible aymmetrical Inverse H&S pattern on $COIN. If retests $106-111 neckline as support, then potential target of Nov '21 peak ($350-$430). Clear invalidation with close below the neckline.
$COIN$ Slump till the latest $100supports are on the chart.
S1 is around $100-$102
S2 will be at the level of $88-$89
in the short term, you'd bet decrease the long if you hate to short your target
@Frankie
@Vickie
Coinbase Breakdown them BounceLooks like Coinbase put in a head and shoulders. These are the highs for the past year and a half. The calculated lower target is the bottom of the second yellow arrow which, if it bounces there, would create a parallel channel along with the upsloping orange line (My chart has the corresponding lower orange line as well in anticipation of this bounce. Not sure if this will play out because I'm still learning but if it does it will give me some confidence in my chart analysis skills. Does this look probable to you guys?
time to waitCoinbase stock is currently experiencing a significant decline. To analyze this, let's examine the previous critical positions. Here are the key levels to watch for potential price drops to the target.
Coin breakdownIf you have followed along this is my second call of the Coin local top in the last year. My first price target is the dashed red line and a more bearish scenario would be the Fib below around 118$. I did enter this stock spot around 40$ so am sitting pretty regardless. I do like to buy puts when I think the stock is way over-extended, this rewards those who are patient. I was able to do this with Solana as well. My most bearish target is 115$, but black swans are possible, this is a healthy market correction, and many Grayscale holders are redeeming and selling their BTC which is just a short term challenge. Do remember, Coinbase is the custodian for Blackrock's BTC ETF and they must have a lucrative setup going on here.
Coinbase Update: wave 1 of c complete?As said in my update earlier, the BTC ETF getting approval from the SEC helped propel Coinbase up to hit a more normal b wave target and then got rejected. To the untrained eye one would assume this is just volatile price action and nothing more. Which, yes, it is volatile price action, but it happened for a reason.
Remember how I always say structure is the most important thing when trying to place a count? Well, a waves can either be a 3-wave or 5-wave count. Look at the a wave I have labeled, it ended up carving a 5-wave structure followed by what is ALWAYS a 3-wave count for b. Then we made a mini-5-wave structure that I am calling 1 of c. This "normally" would be followed by a 3-wave structure for wave 2 of c, and then another mini-5-wave down should follow for 3 of c. C waves, however, can also be either a 3-wave or 5-wave structure. That being said, there is a possibility this is a mini-a-wave with a b wave to follow. This makes it very difficult to differentiate between a 3-wave vs. 5-wave structure for c. The hidden clues are usually found in a few different places with MACD being the primary place to distinguish the two.
This all being said, I expect us to move higher in a 3-wave move very soon, if not tomorrow, rather it being for wave 2 of c or wave b. Either way, I don't want us to raise higher than $163.78. That would at minimum invalidate a 5-wave c and make it less likely, though not impossible, for it to be a 3-wave c. B waves can go above a wave tops, but it is much rarer.
I'm not saying we won't drop a tad bit more before raising for our next retrace higher, but if we do it shouldn't be much. Hopefully this all makes sense to y'all. After March 1st, I plan on going into deep detail such as this and explaining things much more thoroughly often. I will also be answering any and all questions at that time. If you have questions for me now, I will answer most of them I'm sure, but you will get un-filtered answers from me after that date of March 1st. Good luck y'all!!
$COIN Short Put Prior to Earnings -1 $110 put 2/16Based on the amount of premium involved I am expecting assignment!
But happy to own and sell calls for the foreseeable future.
NASDAQ:COIN
Short Put
Prior to Earnings
-1 $110 put 2/16
Credit = $455
Breakeven = $105.45 (20% fall from current sp).
35 days to expiration.
(Earnings 2/20/24)
coinbaseA time-out until April 2024 would be appropriate. The crypto market is currently overheated. Keeping a cool head and taking profits would be very smart.
COINBASE-SELL strategy weekly chartso far the strategy is working and we keep the profit order around $ 122.00. The stochastic is negative, and it means potentially to see below $ 100 mark medium-term view.
Strategy SELL @ 145-155.00 and take profit @ 122.00 and SL now @ $ 171.00. Please note that any bounce is a SELL opportunity until we have tested $ 100.00 is my personal viewpoint.
Coinbase, cup and handle predictionCoinbase cup and handle formation. BTC ETF approval should shake things up. Interest rates are predicted to come down this year and I expect stocks to pump and BTC halving to propel BTC into a new ATH in 2024. 60-100k by end of 2024.
Coinbase Partners Africa’s Yellow Card To Expand Global FootholdCoinbase teams up with Yellow Card to bring USDC to 20 African countries, revolutionizing global access to cryptos and financial inclusion.
The leading global crypto exchange, Coinbase has announced a strategic partnership with Africa’s leading stablecoin exchange, Yellow Card, to pioneer the future of money across the continent. Meanwhile, this collaboration aims to provide millions of users in 20 African countries with unprecedented access to USDC, fostering faster, more reliable, and cost-effective transactions through Coinbase and Yellow Card products.
Coinbase and Yellow Card Unite for Financial Inclusion
Coinbase, in a recent blog, unveils a visionary initiative to expand access to its products in emerging economies, starting with Africa. The partnership with Yellow Card, a Coinbase Ventures portfolio company, promises to empower users with seamless access to USDC on the L2 Base, ensuring transactions at fees significantly lower than traditional fiat transfers.
In addition, the announcement showed that Coinbase is broadening product accessibility in emerging economies, commencing with the inclusion of 20 African countries.
Meanwhile, underlining the importance of this collaboration, Coinbase’s statement emphasizes that the partnership addresses specific needs in regions with high inflation rates and heavy dependence on remittances. In addition, the move is poised to bring economic freedom to these areas, protecting savings from currency volatility and facilitating remittances with reduced fees and faster processing times, according to the announcement.
The partnership’s impact extends beyond individual users, particularly benefiting small and medium enterprises (SMEs) in African and other emerging economies. With the integration of USDC, these businesses gain swift access to the global financial system, overcoming challenges related to opening USD and Euro accounts that hinder cross-border growth.
Moreover, in a continent where the majority of the population is young, the initiative aligns with the preferences of a tech-savvy generation. As more than seven in 10 cryptocurrency owners globally are under 34 years old, this move resonates with the expectations of a demographic accustomed to the speed, reach, and autonomy of the internet.
Meanwhile, this strategic partnership aligns with Coinbase’s broader vision of global expansion, following a “Go Broad, Go Deep” strategy. By establishing clear rules and partnerships, Coinbase aims to drive innovation and bring over a billion people into the realm of cryptocurrency. Besides, the collaborative move signifies the inevitability of cryptocurrency as the driving force behind a more open, accessible, and global financial system.
Coinbase Update: Waiting for c of (4)We began this retrace on 29 Dec of last year and thus far it has been pretty standard. This b wave we are in is one of two things, over or complex lol. We did tag the bottom of my upper target box, but just barely. Technically speaking we could be in our wave c of (4) right now, but due to MACD and the structure price has carved out, I believe we are still in C of b of (4).
Once we breach $144.12 to the downside, we will have created a new low and have confirmation wave c has started. Until that price is breached, we can still rise in b, and I will be looking to the 0.618 fib @ $169.83 as a resistance line to bounce off of. Once c starts, we shouldn't fall below $114.39. If we do, then we are most likely dealing with something else aside from a wave 4.
These are the price levels I am watching, and what I will use to help guide me in determining our place in the count. With the way I am counting other stocks, I don't think it is too much of a stretch to think Coinbase should finish this wave b by the end of the week. As y'all know though, I don't predict time, so that is just conjecture as of now.
