COIN- Looking nicely BULLISH

AS BTC crosses 38k today COIN may be faced to also see gains in share price. There have been several harmonics to support the move and the RSI is on a tear. Target here could move quite quickly over the next few weeks. BTC has a history of doing things around holidays and especially X-mas and so COIN may be poised to reap the benefits. I do expect to see some possible resistance/ retracements on the way up- noted by yellow lines. The 1st yellow line may be the most resistive. Outside of this looks like a clean shot if we proceed above it.

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To preface, the move on COIN will also be linked heavily to the price of Bitcoin. Noticed BTC has come down a bit to 36.7k. The current harmonic on BTC will need to shoot up in price and go above 40k for much of this COIN rally to get recognized. There is still time for this to occur on BTC. But these 2 need to be watched (for now).

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We are currently around 130.00. I would expect a flush down to 124 - probably around the time the Fed begin/ after speaking. Be careful, It will be an artificial fake out downside on news. The price drops slightly but Monday morning may be the key to a massive uptick. 130.00 is a pivot point, but a very small one. The key will be to watch what BTC does after the Fed, and over the weekend, I think we bust up Monday morning.

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COIN could be slipping back- I thought 130 was the pivot, but looks like a gap up and perhaps a slide back down before going back upside. I took some profits here. I had a feeling it would gap up, but that the momentum would be much more. It will return.. but the retracement could get brutal.

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I think the BTC top has been reached at 41k. It may meander around this range 41-42k before flushing down. There is time, but I think Coin will need a rest before reaching the target.

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COIN is the lil engine that could today. I like its price action right now. Lets see if it can continue the push up. I havent resumed my trade yet, but may do so tomm. Ive alreayd taken some good gains.. Id like to see this 2nd wave meet target.

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Great GAP up today supporting the momentum already gained! Target is inbound! Bought some more at the bounce point yesterday at 158.00

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Thinking when markets open back up we catch this final push to the target and then it will be interesting to see price movement. This is a time when many ppl are not paying attention to market movements, but pay close attention as this target is in sight and can be reached reasonably within an hour or so under the right conditions.

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Very interesting -News today on Coinbase as we approach the target area. Please bear in mind my target may not be the exact top.. It wll be close, but I am not into trading exact tops, as this can often be areas of high volatility and pullbacks. With that said- This article today was interesting to see Right Now as we are less than 1 week from 2024.

Coinbase Global
COIN
stock is continuing its huge December surge today, up over 6% in morning trading on Dec. 27 to $183.18 per share. The stock is up 155% from its low of $71.86 on Nov. 26.

This is likely due to a huge surge in Bitcoin
H
. Three large tranches of 'puts' have traded with high Volume/Outstanding Interest (VOL/OI) ratios.

Two of the three tranches relate to options expiration periods ending this Friday . The third expires on Jan. 5. In other words, the traders are hoping to make money in just 2 to 9 days of trading.

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Expecting target price goal to be reached tomm. Lets go!!! Post market 12-27-23 is 185.00

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I think Im going to call this trade. Price action is just very strange.

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Yea the close of trade 183.52- right before this massive candle downside. Seems the top was about 8-9 dollars too high.. Ill have to go back and see what created that. Some good profits- I would have liked the full push up, but all in all - a good run! I knew today would be a climax of sorts, just thought price would go up a smidge higher before the turn.

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I closed my trade, re entered at 158 ish, but this is going to get spicey. I just need to see more price action as I think we may get up to the target after all and beyond..but there is going to be a pullback at 200.00.. Lets see how this plays out. The pullback will be big, but I think may potentially go higher than 200... Ill re-chart if I can get some more confirmed price action above 158.

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Target was hit second time this week...

Trade closed manually

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Mass outages reported on Coinbase! Users unable to sell or buy as BTC price slumps downside after reaching All Time High. Some are reporting zero balances as well.