Run it backWe're near a Bitcoin 60 day cycle low, ETH ETF sentiment has not been priced in. I rather bet we hold bitcoin's consolidation range than break down from here. Jul 19 215CLongby limit_buy_69Updated 5510
COIN - Time To Short This Great Crypto Stock I've been waiting a while for this one and now it is time to make a first short entry. The elephant in the living room is the big bad bearish divergence on the week chart. Apparently not many can see these divergences that stick out like a sore thumb but they have been very useful in knowing when to take profit. The coloured bands are of Golden Window Fibonacci extensions using the 3 trend based pivots at the start of the 2023 trend and also a reverse 2 point extension taking the accumulative summer '22 high and the bottom. Notice that the top is hitting exactly within these coloured bands. And so if that is a top then it is perfectly balanced in terms of ratio. I only took profit there as I suggested I might in the previous thread linked below. I didn't go short. But now it has printed a choppy ascending channel that can be a sign of upside weakness and the potential distribution shifting from bullish to bearish. Notice also that it may have topped within the retracement Golden Window; peaking at the 0.786 overshoot ratio. If the retracement has topped then that is more perfecto ratio. This whole bull trend has been the process of an ascending wedge with the top being that of a blow off phase. Due to this I think this should at some point capitulate through the lower trendline. In the end I think this will capitulate down to Accumulation support @ $116 and may even get back to the retracement Golden Window with the 0.618 @ $72. This may yet wobble around and could even print a slightly higher high, but it looks cooked I think and worth a short. If this plays out then buy-late-HODL-dreamers are going to get smashed. Client call: Not advice Shortby dRends35Updated 242423
Coinbase Global- a bullish and bearish count2 counts here that both suggest some downside going forward for this Nasdaq stock. However, the blue count suggests some decent upside in a 5th wave still to come while the red count is much more pessimistic with prolonged downside ahead. Shortby tomj2417222
Its time! Maybe....I think its a perfect time to re enter or put crypto names back on your radar for a short term pump. We have shaken out all of the hype and bitcoin halving people, hope and happiness is almost dried up in retail. If we break our dark green line, I would stop out and wait for a re entry at next support. I see COIN to $230 soon.... Longby LeapTradesUpdated 9
$COIN $140 before $300+?If you look at the chart, NASDAQ:COIN has broken out of it's downtrend but has now formed a lower high and looks to be set to go lower from here. I think the most likely scenario here is for NASDAQ:COIN to correct to the $140 area before moving up to the $350 resistance area. This would also line up with my thinking that CRYPTOCAP:BTC moves down to GETTEX:54K -48k before seeing new highs. Let's see how it plays out over summer.by benjihyamUpdated 221
COIN - Could See a Blow Off Phase Up To $269 🚀For COIN I think there are 4 key details: 1) Last week's bullish momentum candle (green arrow) is not to be ignored. As I said in the video (client only); Glenn Neely's charting maxim is one of my favourites; "The fastest wave dictates the dominant trend." And that is a fast pump. 2) The RSI has so many pitfalls and if a strong pivot did print here then this could be perceived to be bearish divergence. However a low RSI reading can also show that there is plenty of juice in the tank for the next wave up. So... I think it will be the latter and we will see a ripping blow off top. 3) The high and the low of the accumulation are the most likely pivots for an accurate Fibonacci extension to capture the top. The 1.618 Golden Window begins @ $269.3 and I think that will be the magnetic ratio. So I'll be looking for a top somewhere between $269.3 and the 1.786 overshoot ratio @ $338.34. 4) Distribution Resistance is not too far above @ $210.77. This is a very attractive high liquidity area for market movers to burst into, trigger stop losses to then reverse back down. So this is a magnetic area and that increases the probability of a further move up from here. ... In the end I think that we will see a correction and COIN will slump below the lower trendline. But ascending wedges very often break to the upside before collapse and I think most likely that will be the case here. Remember that COIN is subordinate to Bitcoin and so if Bitcoin did have a flash dump then COIN could reflect that with a dump to form a strong pivot which could print bearish divergence and that would negate point 2. And if it was a large dump then that could also negate point 1. So this analysis could change if a Bitcoin dump did come, but at this moment in time COIN looks set to print a blow off top. If it did move on up as described that would be a 60% pump to the 1.618 and a 98% pump to the 1.786 👍. Not adviceLongby dRends35Updated 3336
COIN - COINBASE - Waiting to buy in 200Dear traders, Id like to share this idea in order to take long positions, basically i waiting for the price to get 200$ being a good price to look for buying opportunities. During this year, Coin presents a bullish formation it is good to see this bullish correction pattern to take advantage for buying opportunities. best,Longby FITINTRADE2
COIN Short IdeaCOIN is showing a lot of weakness today along with BTC. It had been holding above $236, but finally broke and hit $221. It has continued to fall even further after a small bounce and is now well below $221, it also retested the area and failed already. I like this for a move down to $200-$190, especially if the BTC, NQ, and semi weakness continues.Shortby AdvancedPlays1
COIN "Forecasting step"A nearby low is expected to remain at $223 to complete A Flat Pattern and wait for a reversal signal.Longby Mousa_Saud8
COIN: Support and resistanceMay be we all should get ready for the next bull run in 2024 and 2025. When BTC goes above 40k, the stocks related to crypto will just go crazy. This chart is just a representation on where to take profit and where to buy. I guess COIN might hit the ATH by mid of 2025. First crypto second capitulation then create a base and then halving and then enters bull run. Hope COIN will not get into controversy or bankruptcy and make future millionaires. See you in 2024 and 2025. CheersLongby MarathonToMoonUpdated 8
BTC + COIN Short IdeaSo I had this idea yesterday and apparently I made it a private idea by mistake, which is unfortunate because now it's just hindsight. Either way, I think this was a great setup so I'll share it again publicly. Here's my original description: I'm loving this short entry on COIN here. BTC bounced nicely off of 59K, but has rejected at a pretty important trendline and also has supply above. Meanwhile, COIN is retesting the $221 area. Seems like a perfect trade, but obviously might not work. I'm happy to have bought puts in this area though. Target for BTC is 52K if it breaks $59k. Looking for COIN to hit $200 and then $190. And the update I made today: This is honestly one of the best setups I've seen all year, if not the best. We finally had some NQ weakness, breaking below 20k, even though it did bounce back several times. We also had a strong day out of DXY which led to weakness in precious metals and crypto. A lot of things were lining up for this trade, so it's great to see it pay off. I took some profit on COIN today, but still holding the majority of my puts for now. Looking for a move down to $190 for COIN, it may find support near $208 as well and I'll probably scale out a lot if it hits $200 just in case it holds due to the psychological whole number. BTC could have a much larger sell off it breaks below the critical 59K area. Shortby AdvancedPlays0
COIN - Trendline FunIt's always interesting to see what kind of different angles you can come up with using simple trendlines. Trendlines are one of the most important tools I have for determining trend and it will always be the first thing I look for. I'm always asking myself, what is the current primary and secondary trend? Is there a minor trend? Drawing trendlines like these can help. I wouldn't normally have such a mess of a chart, but I do like these examples of different trendline angles. No matter how you slice it, the trend is down, except for that one ascending trendline I have just below the current price, I see that as a last line of defense for bulls.Shortby AdvancedPlays0
Coinbase UpdateNot a lot happened on Friday in regard to Coinbase. It is following along with the tier 1 crypto list that we follow. This shouldn't come at much of a surprise as closely as they're tied to each other's fates along with the BTC ETFs it hosts. Something I want to draw your attention too, is the target fibs / box. If you look at it, I drew it from the 1.0-1.618 as they are the most common end targets for this type of move. Also, within this box is the 0.382 retracement fib @ $140.85. This is a very common end target area for wave 4's, which is what we're in. Don't get me wrong, we could extend lower. However, the picture that is being painted at this time, points to this target box I have drawn. We still have a chance of making a slight new high, but those odds are dropping. In the end, regardless of a new slight high or not, according to the larger count we should be headed to the target box for the end of wave 4.by TSuth115
Coinbase Global - Coin, Anything But Predictable. There's a lot going on in the charts with COIN starting with the daily chart and multiple potential target prices shown as per patterns that have formed and though the price has been trending above the 50 day ema now for a month on the daily chart the showing does not convey a lot of strength in the short term considering that their recent financials were extremely good. So looking at the 15 minute chart we see a Death Cross had formed last Thursday confirming more potential weakness ahead. The 2 Hour Chart as well confirms this not only with the last 16 candles now trending below the 7 day Exponential Moving Average but also the 7 day EMA has Bearishly broken through all of the other Moving Averages on the chart again edging towards a further breakdown. One strong indicator that confirms this is the MFI that has also formed a Strong Bearish Divergence as the price has been consolidating the last couple of weeks at the current price point of $244.00.... One saving grace however indicating that the downturn may be short lived is the weekly chart where I've used the Fib Retracement Indicator to project it's potential future moves and more in keeping with the daily chart if COIN can break through the $270 Barrier then the other Fibonacci Lines are fair game. by grahammkUpdated 332
COINBASE Short-term Channel Up targeting $284Coinbase (COIN) has been trading within a short-term Channel Up (blue) ever since the bottom on the 4H MA200 (orange trend-line) and later turned the 4H MA50 (blue trend-line) into a Support too. Yesterday the first 4H MA50/ 1D MA50 Bullish Cross was formed since February 29. As you can see this is approximately the same pattern that was followed after the February 09 bottom on the 4H MA200 and its first Target was the Resistance coming of the previous High. This short-term Channel Up leads straight to that Resistance as part of its next Higher High, so our short-term Target is $284.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot3315
📉 Coinbase Grows 798% | Weekly Structure Break-DownRight 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 11-March COIN produced a bearish close. ➖ The two weeks that followed, COIN wicked higher but closed below the 11-March session open, so remaining within this rounded top range. ➖ This week starts full red and works as bearish confirmation of the previous bearish candlestick based signals. ➖ This action is happening around the same level that rejected a recovery back in December 2021; this is strong resistance. ➖ The wave coming from early Jan through March has perfect proportions; This chart structure, price action, marketwide action and signals are pointing toward a correction. 👉 150 Should be an easy target for this correction, don't expect any less. 👉 It can go below 140 but we have to wait and see... The correction can go for many months... Say it only takes two months to hit bottom but it takes 6 months to move back up to current levels. The whole period would be 8 months and for someone bag holding, that would put you only at breakeven. There can be one more leg up, one final jump, more growth and it keeps on going... But this is highly unlikely. There is always the possibility of the market going for more but this is a low probability scenario when we consider the action happening with the other charts. Namaste.Shortby AlanSantanaUpdated 272756
Coinbase Bullish Parabola and targetIt seems lofty, however the pattern measurements are showing us a target of around 700. Should the parabola fail, we may have a different path to get thereLongby ALCHAMI10
Coinbase Bullish Parabola and targetIt seems lofty, however the pattern measurements are showing us a target of around 700. Should the parabola fail, we may have a different path to get thereLongby ALCHAMI6
Market Crash - COIN Ascending WedgeI had been bullish on COIN along With BTC, but COIN now looks quite bearish to me after have a promising looking bull flag breakout. The bull flag breakout is still valid for now. However, this rejection at the top of the ascending wedge and response to the spike in yields looks rough. Bulls will need to hold the $236 area or COIN will continue falling with BTC. Shortby AdvancedPlays8
$COIN looks like a good short hereI know everyone is bullish crypto, but the NASDAQ:COIN chart doesn't look that hot. You can see that price moved up over the trend line, formed a small timeframe head and shoulders, broke down, and now has retested the trend line today. I bought some puts before market close. Before we move higher, I'd expect price to come down to touch the lower support levels before we see any sustained move higher. Let's see how it plays out over the coming weeks.Shortby benjihyamUpdated 1
COIN - Increased Probability of AppreciationAlignment and approach of Fibo Clouds signal increased probability of appreciation Risk/Return 3 The realization of 50% of the capital in the first target with the immediate raising of the stop loss line for the entry position, authorizes the search for subsequent targets with reduced risk Follow us to receive new studies based on the FiboNuvens analytical paradigm as well as updates on these publications.Longby ethostrader7
Weekly Coin chartThis is the weekly view of my daily chart I posted earlier. The momentum is clearly very strong and after that bounce off the EMAs, coin is pushing against a resistance here. All we need is a little pop from BTC. Thursday is historically the least volatile day for BTC so I do not think it will happen after market today. A retest of the teal fib before another push would be better long-term. -We already hit my first target of 250$ -My second target remains 279$, I think we see this in less than two weeks Longby Apollo_21mil5