Right now saying COIN or BTC is the same, if you want to know where the market is headed. Where Bitcoin goes, Coinbase follows.
Bitcoin is headed lower.
We are going to be looking at Coinbase (COIN) on the weekly timeframe.
First, we have the classic rounded top pattern, kind of like an inverted cup; we know this pattern to be a top signal.
➖ The week...
As you can see when our Wyckoff Technometer registers oversold with a reading below 38 as marked with green highlights, it normally provides an excellent entry point.
Once again we are at .50 retracement of the previous rally, and a nice entry level.
Coinbase Global (COIN) rose as high as our last target (March 05, see chart below) and has been pulling back since:
The best way to view this short-term correction is on the diverging Channel Up (blue) which started on the October 27 2023 bottom. As with the longer term Channel Up, it consolidates considerably below the 1D MA50 (blue trend-line), with the...
Introduction: The Resilience of Coinbase NASDAQ:COIN
Originally, this article was slated for publication several months ago. We've been keen observers of the market dynamics from the beginning. Recently, there has been a significant downturn, yet for those who understand, this has not been a deterrent. Instead, it highlighted the efficacy of Dollar-Cost...
NASDAQ:COIN shorts trapped after false breakdown. Price broke down both below the daily 50 sma (purple) and March 2024 low and then recovered. A trader bought a 275/277.50 bull debit spread risking over $200K and targeting near ATHs ($283.48).
Fundamentals:
From a speculative outlook, the fundamentals on Coinbase do not fully meet my criteria, but this IPO's balance sheet is projected to continue its acceleration in sales. Currently, this quarter's sales were at 52%; earnings over 142%.
Technicals:
Daily hammer at horizontal support with really high volume relative to other periods and days at or...
Coinbase made some good progress today towards the target box. It appears to me we are in wave iii of C of (A). More specifically I think we're in wave 4 of iii and should have a little retrace before dropping again to the 1.382-1.618 ($218.14-$213.18) for 5 of iii before raising again for wave iv of C. MACD should start to raise towards the zero line if this is...
Setups on COIN and MSTR are somewhat similar. Different in many respects because MSTR was at a high but very similar in the 4.23 extensions (Which often marks trend exhaustion).
An additional factor to support the case for a possible reversal here is we have the 76 fib.
If BTC breaks again, it's liable to make a really scary looking chart.
And if that...
The share has moved as expected, and looking at the chart, we should reach around $ 170-180. the pattern is "M-top" and neck line somewhere @ $ 240 area.
For now we are slightly oversold, and we could pullback to $ 250-250 before the decline will set in to 170.
Strategy SELL @ $ 245-250 and take profit @ $ 175. SL above $ 280.
Hello friends
In the case of Coinbase, we are witnessing the formation of an upward wave.
This upward wave can be 5 waves or zigzag, of course, everything depends on the growth of digital currencies.
But the probable scenario is a 5-wave, whose waves 1, 2, and 3 have been completed.
Wave 4 may be zigzag, triangle or... Therefore, by breaking the ceiling of $281,...
The BULLS are ready to be wage war against COINBASE. Decoded a bullish engulfing pattern on a 4hr TF. No once knows the outcome for tomorrow at coinbase but we do now.
Engulfing will take price not sure how high but my ATR PIPS calculation reads $275 at 10.9 pips. As of now coinbase is at $251
Engulfing is telling us the BULLS will push the price up by...
After the news, we have a new entry point to long.
This news can become the one making the BTC and crypto go to new highs on a near future so this entry can be justified also by this.
Great Trade !
![COIN: [COIN] Adding more into the swing position Coinbase](https://s3.tradingview.com/5/5STGEgu4_mid.png "[COIN] Adding more into the swing position Coinbase")
![COIN: [Coinbase] bearish](https://s3.tradingview.com/e/eGoeKdNb_mid.png "[Coinbase] bearish")
