As I had pointed out in my BTC idea, I believe we are in a distribution phase. BTC will pull the rest of the market down along with it. Where there is panic, there is opportunity.
NFA.DYOR. Placed buy orders around $128. Can change, as PA develops.
Coinbase may be trying to throw us for a loop. Judging by price action I see three different options. The first one which is also my primary, is this (c) wave is creating a 3-wave move higher to the target box, and we should start to move higher in a mini-5-wave move. The second is we're still in our (b) wave and about to make OML for a mini-c-wave to finish off...
Coinbase (COIN) completed a 2-day green streak following a Lower Low within the Falling Wedge, which is technically the Bearish Leg of the 6-month Channel Up pattern that started on the October 27 2023 Low.
By tomorrow the 4H MA50 (blue trend-line) would have crossed below the 4H MA100 (green trend-line), forming a Bearish Cross, which is a pattern last seen on...
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...
Analyzing the options chain and the chart patterns of COIN Coinbase prior to the earnings report this week,
I would consider purchasing the 200usd strike price in the money Calls with
an expiration date of 2024-5-3,
for a premium of approximately $38.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Double top at the .618 fib
Slightly higher high with the indicators showing bearish divergences.
The RSI is showing bearish div
The Macd showing bearish Div plus a cross down of the averages, The williams %r also turned down showing bearish divergences.
Bitcoin is in a head and shoulder pattern with a target of 5-6k. Coinbase probably headed for 20 or lower....
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...
Continuation of the previous COIN analysis.
More bearish patterns have formed since the time of the previous analysis.
We now have a head and shoulders pattern. Head and shoulders usually go to at least 1.61 extensions of the head. This is a bit under 180 in COIN, so I am buying puts for that strike.
Quick trade idea here. Price volatility is +/- $50 per month for COIN. So, 5/31 -6/07 is an adequate time frame for COIN price to enter our exit zone of the white box.
Red box is distrubition, green accumulation, exit white box. Simple, happy trading.
Why Coinbase Could Soar to $260 Post-Earnings
Coinbase, the renowned cryptocurrency exchange platform, has been making headlines with its impressive financial performance. As we approach the next earnings release, there’s a palpable buzz around the possibility of the stock price hitting the $260 mark. Here are some compelling reasons why this could become a...
COIN Created an interesting bearish flag under the hourly timeframe where we may see another downside momentum. Expecting to see a breakout confirmation on the flag formed which can drag the prices toward the next support held at $194
COIN is registering massive volume surge this past few days / weeks. The weighty net buying attributed to market's anticipation to both fundamental and technical upside valuation.
Price has started shifting notably since it's last 'green' calls on its earnings report last March 2023 where EPS beat by +150% over expectation. Since then the company has experienced...
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 ( NASDAQ:COIN ) and CEO Brian Armstrong are facing a class action lawsuit from complainants claiming that the company misled them into buying securities. The lawsuit argues that digital assets listed on Coinbase are securities, and they also allege that Coinbase Earn accounts violated securities laws by advertising and promoting for higher yields....
