COINSo long as BTC1!, at minimum, continues to hold juncture described in previous idea, COIN likely approaches 130
IF BTC1! markup to fill last week's 38575 gap then COIN turbo sned 130
1QZ trade ideas
COIN's 5 Wave StructurePrior to the parabolic run in June, COIN was building a support base at the golden pocket (.618 fib retracement). Now, after what looks to be a correction, COIN is building a base underneath once more (again at the golden pocket) and ready to spring.
Year and a half base at the bottom...
Coinbase International to List ADA, LINK, DOGE & XLM Future PairCoinbase International Exchange, the offshoot of Coinbase Global Inc. catering to clients outside of the United States has announced its plans to list Perpetual Future Contracts for four new assets including Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE) and Stellar (XLM).
Coinbase Listing Schedule
As unveiled by the trading behemoth, the four trading pairs for the four assets will be listed on December 30 by 10 am UTC, setting the stage for its clients to embrace these new digital currencies provided the liquidity conditions are met.
Specifically, the trading firm said the pairs ADA-PERP, LINK-PERP, DOGE-PERP, and XLM-PERP markets will go live on the Coinbase International Exchange and Coinbase Advanced respectively. This listing places the four new cryptocurrencies alongside Bitcoin (BTC), Ethereum (ETH), and XRP among others that have been listed since the platform was launched to serve non-US customers.
With the relatively unclear regulations that bind Coinbase users in the United States, the exchange had to explore a different avenue to serve its non-US customers the right way. This gave birth to Coinbase International and the latest addition of ADA, LINK, DOGE, and XLM forms a strategic expansion move that can reach more traders in the broader digital currency ecosystem.
The choice of these assets was an easy one considering their unique value propositions and dedicated community of followers. While Cardano has made headlines thus far this year for its new innovations and dedication to development efforts, Chainlink has continued to expand its reach as the de-facto Oracle service provider in the industry.
The duo of Dogecoin and Stellar also have their unique appeal and audiences, making them the right pick for the Coinbase International Exchange listing.
The Strategic Decision on Assets to Support
In order to adhere strictly to regulatory provisions around the world, Coinbase decides on which assets to provide support for based on their respective status in the industry.
Besides Bitcoin and Ethereum futures, the platform also supports XRP futures on its international platform, a move that came after the digital currency earned the status as the only altcoin that cannot be tagged as an investment contract in the United States.
Price Momentum
COIN is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
COINAll the boomers that sold stonk last Thanksgiving week had to wait for their proceeds to settle
They're buying COIN this week
So long as BTC holds its 37k support (it looks to be catching a bid now) this one going to fly
$COIN Inverse Head & ShoulderThe announcement of #Binance incurring a substantial $4.3 billion penalty and facing exclusion from the U.S. market likely came as incredibly favorable news to Brian Armstrong, the CEO of #Coinbase . This development seems to place Coinbase (COIN) in a notably advantageous position. Observing the stock's technical chart, there is an apparent near-completion of an inverted Head and Shoulders (H&S) pattern, a bullish signal in technical analysis, indicating a potentially strong position for NASDAQ:COIN in the market. #COIN
Just send it back to 35Nobody wanted to buy it at 35-50. Now everyone and their mom wants to buy it at 115.
charts showing 300+, bullish at the top of a range.
Send it to 35, maybe take a stab at it there, again, when no1 else will touch it.
Indicators clearly overbought, M shape in the making on price action.
#COIN#Comprehensive Analysis of Coinbase Global, Inc. (COIN)
1. Current Status and Performance 📈
As of the most recent data, the current price of COIN is $115.75. Over the past 12 months, COIN has returned 66.84%, outperforming the SPY's performance of -9.24%. This performance has earned it a C (55.66%) for its Overall Grade.
2. Financials 💰
Coinbase's financials reveal a revenue per share of 11.7321 and a net income per share of -3.1001. The operating cash flow per share stands at 17.5327, while the free cash flow per share is 17.2606. The company's cash per share is 23.187, and the book value per share is 24.9552. The company's debt to equity ratio is 0.5225, indicating a moderate level of debt relative to equity.
3. News and Market Sentiment 📰
Recent news stories suggest a positive outlook for Coinbase. Bitcoin has reached a new high for the year, with enthusiasts targeting $40,000 as the next goal. This is despite Binance co-founder Changpeng Zhao pleading guilty to U.S. anti-money-laundering law violations and resigning from his company. Bitcoin's value rose to $38,294 on Friday, its highest since May 2022, marking a 3% increase in 24 hours.
4. Earnings Report 💵
Coinbase is expected to report an EPS of -0.22 and $170k in revenue on 2024-02-20. In the Coinbase Q3 2023 Earnings Call, CEO Brian Armstrong and CFO Alesia Haas reported strong performance despite low market volatility, attributing it to operational discipline and favourable interest rates. They discussed Coinbase's vision of "Onchain" technology, recent license acquisitions, and challenges posed by proposed IRS regulations. The company is focusing on the adoption of its Layer 2 solution, Base, which has over 1 million transacting wallets. They also have plans to monetize Base and integrate it into all its products. Regarding the SEC case, Coinbase is confident of winning with oral arguments for judgment scheduled for 17 January 2024.
5. Future Outlook 🚀
Coinbase Global, Inc. reported a net revenue of $623.0 million in Q3 2023, with a net loss of $2.3 million. The company focused on expanding internationally, launching advanced trading features, and introducing an advanced layer 2 solution. They faced legal and regulatory proceedings but believe they won't have a significant impact on their financial condition. They acknowledged limitations and risks in their internal controls, including regulatory oversight and potential litigation. Fluctuations in currency exchange rates could harm their operating results. They highlighted the need for deferred tax assets and potential limitations on their use. They discussed the potential need for additional capital and the volatility of their stock price. The dual class structure of their common stock concentrates voting control with certain stockholders. They disclosed the adoption of Rule 10b5-1 Plans for potential stock sales by certain directors and officers and included required certifications and exhibits.
6. Conclusion 🎓
Coinbase Global, Inc. appears to be in a strong position, with positive news sentiment, a robust financial performance, and a promising future outlook. However, as with any investment, it's crucial to consider all factors and conduct thorough research before making a decision. It's also important to consider your own investment goals and risk tolerance.
Minervini’s Specific Exit CriteriaIntroduction
In this tutorial, we delve into the heart of Mark Minervini's trading philosophy—his specific exit criteria. Mastering the art of exiting a trade is as important as knowing when to enter. Minervini, a renowned stock market wizard, emphasizes that the secret to successful trading lies not just in selecting the right stocks but also in understanding when to sell them. This section focuses on three fundamental aspects of his exit strategy: the Stop-Loss Strategy, the Profit Target Strategy, and the Trailing Stop Strategy.
Each part of this section is designed to provide you with a deep understanding of these strategies, integrating the wisdom of Minervini's approach with practical, actionable steps. Whether you're a seasoned trader or just starting, mastering these exit strategies will empower you to make informed decisions, manage risks effectively, and maximize your trading potential. Let's embark on this journey to unravel the nuances of Minervini's exit strategies and apply them to enhance our trading acumen.
1. Stop-Loss Strategy
Introduction to Stop-Loss Orders
Definition: A stop-loss order is a vital tool in trading, particularly in swing trading strategies like those advocated by Mark Minervini. It is an order placed with a broker to buy or sell a stock once it reaches a predetermined price. The primary function of a stop-loss order is to limit an investor's loss on a security position. By automatically triggering a sell or buy order when the stock price hits the specified level, it prevents further loss.
Importance in Minervini's Strategy: Mark Minervini, a renowned swing trader, places a strong emphasis on risk management in his trading approach. For Minervini, a stop-loss order is not just a safety net; it's a critical component of successful trading strategy. He asserts that controlling losses is just as important as securing gains. By setting a stop-loss, a trader can ensure that their losses are controlled and predictable, which is essential in the volatile world of stock trading.
Setting Stop-Loss Levels
• Percentage-Based Stop-Loss: One of Minervini's key strategies involves setting stop-loss orders at a fixed percentage below the purchase price. This percentage is typically between 7% and 8%. For instance, if you purchase a stock at $100, setting a stop-loss order at 7% would mean placing it at $93. This method is straightforward and can be easily applied to any trade.
• Volatility-Adjusted Stop-Loss: Minervini also advises adjusting stop-loss levels according to the stock's volatility. Volatile stocks, which have larger price swings, may require a wider stop-loss order to avoid being prematurely stopped out. For example, if a stock is known to fluctuate by around 10% regularly, setting a stop-loss closer than this percentage could lead to an unnecessary sale. In such cases, a wider stop-loss, perhaps around 12-15%, might be more appropriate.
Practical Examples
• Example with a Less Volatile Stock: Consider a stable stock, XYZ, trading at $50. Following Minervini's percentage-based strategy, you could set a stop-loss at 7% below the purchase price, which would be $46.50. This level ensures that if the stock unexpectedly declines, your maximum loss will be limited to 7%.
• Example with a Volatile Stock: Now, let's take a more volatile stock, ABC, which is also trading at $50. Given its higher volatility, a 10% stop-loss might be more appropriate, setting the stop-loss order at $45. This wider margin accounts for the stock's normal fluctuations, reducing the likelihood of a sale triggered by ordinary market volatility.
In both examples, it’s crucial to monitor the stock performance and adjust the stop-loss orders as necessary, especially in response to significant market events or changes in the stock's fundamentals.
This section of the tutorial underscores the critical role of stop-loss orders in implementing Minervini's trading strategies. By effectively using stop-loss orders, traders can manage risks, control potential losses, and enhance their overall trading performance.
2. Profit Target Strategy
In Mark Minervini's trading philosophy, setting realistic profit targets is a cornerstone of successful trading. This strategy involves a careful analysis of historical data, chart patterns, and specific criteria established by Minervini. The aim is to identify a potential exit point that maximizes gains while minimizing risks.
Setting Realistic Profit Targets
• Analyzing Historical Data: Start by reviewing the historical performance of the stock. Look for patterns in how much the stock typically moves after breaking out of a base. This gives an insight into what might be a realistic target.
• Understanding Chart Patterns: Chart patterns play a vital role in setting profit targets. For instance, the 'cup and handle' pattern can provide clues about the potential upside. The depth of the cup or the height of the handle can be used to project the upward move.
• Minervini's Criteria: Minervini often looks for stocks with strong fundamentals and a history of robust earnings growth. The idea is to invest in stocks that have the potential to make significant moves.
Risk-Reward Ratio
• Definition and Importance: The risk-reward ratio is a measure used to compare the expected returns of an investment to the amount of risk undertaken to capture these returns. A favorable risk-reward ratio for Minervini is typically around 3:1 or higher. This means for every dollar risked, there is a potential to make three dollars.
• Application in Profit Targets: When setting profit targets, consider the potential downside (or the distance to your stop-loss) and set a target that adheres to this ratio. For example, if your stop-loss is set to result in a $1 loss per share, your profit target should aim for at least a $3 gain per share.
Examples
• Example 1: Stable Stock with Moderate Volatility: Let's say you buy a stock at $100, and based on historical performance and chart analysis, you expect it could rise to $120. If your stop-loss is set at $95 (a $5 risk per share), your profit target of $120 provides a risk-reward ratio of 4:1, aligning with Minervini’s strategy.
• Example 2: High Growth Stock with High Volatility: Consider a high-growth stock purchased at $50. The historical data and chart patterns suggest a potential target of $70. If your stop-loss is at $45 (risking $5 per share), then the profit target of $70 gives a risk-reward ratio of 4:1.
In each example, the key is to align the profit target with the calculated risk-reward ratio, ensuring that the potential gains justify the risks being taken. This disciplined approach to setting profit targets is integral to Minervini’s strategy and can significantly influence the success of your trading endeavors.
3. Understanding Trailing Stops
In the context of Mark Minervini's trading strategies, trailing stops are a dynamic and essential tool for managing positions and protecting profits. They are particularly significant in swing trading, where capturing trends and reacting to market changes promptly is crucial.
Definition and Benefits
• Definition: A trailing stop is a type of stop-loss order that moves with the market price. Unlike a standard stop-loss, which remains fixed once set, a trailing stop adjusts as the price of the stock moves in a favorable direction. The trailing stop is set at a percentage or a specific dollar amount below the market price.
• Benefits: The primary benefit of a trailing stop is its ability to secure profits while allowing room for further growth. As the stock price increases, the trailing stop follows it up, maintaining the set distance. If the stock price falls, the trailing stop remains stationary, and a sell order is triggered if the price hits the trailing stop level. This method effectively locks in profits and limits losses without the need for constant manual adjustment.
Application in Swing Trading
• Importance in Minervini’s Strategy: Minervini, known for his precise swing trading tactics, emphasizes the use of trailing stops for capturing the maximum possible trend movement while safeguarding the gains. In swing trading, where the goal is to capture short- to medium-term trends, trailing stops ensure that traders do not exit a position too early during a favorable trend or too late when the trend reverses.
Setting Trailing Stops
• Methods: There are several methods to set trailing stops:
• Fixed Percentage: This involves setting the trailing stop at a fixed percentage below the market price. For example, a 5% trailing stop on a stock currently at $100 would be placed at $95.
• Specific Dollar Amount: Here, the trailing stop is set at a specific dollar amount below the market price. For a stock at $100, a $5 trailing stop would be placed at $95.
• Technical Indicators: Some traders use technical indicators, like moving averages, to set trailing stops. For instance, setting a trailing stop below a 20-day moving average.
• Dynamic Adjustment: The key to using trailing stops effectively is their dynamic adjustment. As the stock price moves up, the trailing stop moves up accordingly, always maintaining the predetermined distance from the peak price achieved.
Summary
In this tutorial, we have delved into the critical aspects of Mark Minervini's exit strategies, focusing on practical and effective methods to optimize trade exits. We explored the Stop-Loss Strategy, emphasizing the importance of limiting losses and managing risks with carefully placed stop-loss orders. The Profit Target Strategy highlighted the significance of setting realistic profit goals based on a thorough analysis of historical data and chart patterns, always considering the crucial risk-reward ratio. Lastly, the Trailing Stop Strategy showcased a dynamic approach to protecting gains while allowing room for potential upside in a stock's price.
By understanding and applying these strategies, traders can enhance their ability to make informed decisions, effectively manage risk, and potentially increase profitability. These exit strategies, integral to Minervini’s trading philosophy, offer a disciplined framework for closing positions, vital for success in the dynamic world of swing trading.
COIN - Reverse Head and ShouldersBullish scenario:
Moving to Crypto Friendly Jurisdiction while simultaneously taking greater market share (from Binance and such);
Catalyst:
SEC lawsuit is dismissed as bogus, designed to distract from banking crisis brewing and scare public from entering the crypto stage, all benefiting Blackrock and Citadel
Required: violent break out above $80 into $120-160 range.
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Imagine having the foresight to identify high-potential technology stocks that are not just promising on paper but are actively demonstrating robust performance in the market. That's the core of our approach. We meticulously select stocks that Cathy Wood's methodology identifies as leaders in technological innovation, ensuring that each company has a solid foundation for growth. But we don't stop there.
We apply Mark Minervini's trend template to verify that these stocks are not only fundamentally sound but are also in a confirmed stage 2 uptrend. This dual-layered strategy ensures that you're investing in companies that are both revolutionizing their industries and are currently capturing the market's momentum.
With our trading strategy, you're not just betting on potential; you're investing in technology stocks that are set to soar, backed by the analytical prowess of two of the most respected names in the trading world. Join us, and be part of a select group of traders who demand the best of both worlds: groundbreaking innovation and proven market trends.
Coinbase (NASDAQ: COIN) Stock Price Charts Signal Rally To $150Coinbase stock price has picked up aggressive momentum this week, as its rival in crypto exchange Binance is facing some regulatory challenges. As a result, the Coin price has been rising for five consecutive days and reached a 4-month high of $114.4. However, a look at the daily time frame chart shows this recovery is part of a rising channel indicating the asset is poised for further rally.
COIN Price to $150?
A rising channel pattern leas the current recovery trend in COIN Stock. The ongoing recovery trend may witness intense supply at the $135 mark. The 20 EMA could offer a strong pullback to buyers.
The Coinbase stock price has demonstrated a remarkable recovery in November, bouncing back robustly from a psychological support level of $70. Over the past three weeks, this momentum has propelled the asset price to an impressive $115, translating to a 63% increase.
This upward trend is part of a bullish swing within a rising channel pattern, which has been shaping the stock’s recovery trajectory for over a year.
This pattern, characterized by two parallel trendlines, has consistently provided dynamic resistance and support for the Coinbase stock. Currently, the recovery momentum seems poised to continue, potentially driving the price approximately 15% higher to the upper trendline of the channel, around the $135 mark.
Tech weak ahead of thanksgivingQQQ saw downside today. IWM strong ahead of weak dollar.
Yields on watch for wedge breakout
Bitcoin potential Failed Breakout!
Coin marching to holiday targetThis is a chart I shared a while back and the trend is working out perfectly. Coin is meeting my circle target sooner than expected. With the ETF looming, Coinbase designated as the custodian, and binance law suit decided, Coin is looking for a huge upside in the coming year. I have spot that I entered around 40$ and I plan on rolling long term calls all next year. The gold line is the powerful .5 fib.
Even Picasso couldn´t have painted it better - COIN to 180$- update on my last COIN analysis
- since then coinbase stock has indeed consolidated and put in the right shoulder of what appears to be a macro bottoming inverse head and shoulders formation
- target of the formation is anywhere between 170 - 180
- with COIN projected to increase by almost 60% it is likely such a move comes alongside a big fundamental catalyst
In other words: this coin breakout suggests Bitcoin spot ETF approval is around the corner
COINCOIN setting up for its third attempt at breaking this 112-115 area
If it breaks 115 then it has 130 range highs and unfilled 130.15 gap
BTC seems to be cooperating
Coinbase to 500 and there's nothing you can do about itEz money, I got that dawg in me. bookmark this trade and come back within a year.
Rejection will comeshort it boy
Man I love this stock, it gave me consistent gains and is volatile enough for intra day :))
I believe that a rejection will come quickly, because is approaching to resistance, so a retracement may be till the 88-90 area
COIN H&S patternCOINBASE is in accumulation zone, Head and shouders
all road leads higher
bottom is in !
COINAlso, have some 115 - 125 call action active for Jan 2024
Has gap up at 130.15 as additional incentive to push range highs
If BTC pushes 42k for end of year then COIN likely tags this 130 area...
COINCautiously optimistic that COIN can sned 110+ in next ~week, so long as BTC can continue to hold its ground
And if we get any kind of BTC Turkey punp then COIN likely to follow
Will CoinBase be spared? CoinBase stock price can be in for a bumpy ride after receiving the unexpected news from Binance. Sometimes, fundamentals align with technicals and this looks like to be one of those moments.
If this is the case, looking for my first entry into the stock at $ 40.50 if Binance causes a rout in the market. If not, CoinBase shares will slowly creep higher to find resistance @ 120 and track the 50-week EMA.
Has COIN got the momentum to keep pushing? Huge inverse head and shoulders is visible which has played out over the recent crypto bull market and we could be in a nice up trend channel. The question is can the market sustain us continuous momentum, or is it time for more legs down first.
Resistance at $110. Maybe $140 next then $170 OR we head back down to $87 to build some more momentum.
COINActivated some COIN at the money calls. Seems so long as crypto keeps up these will do well. Looking at 131 range highs near term upside.
