BITCOIN Strong Support Ahead! Buy!
Hello,Traders!
BITCOIN is falling down
And the coin has lost
Almost 18% from the
Recent highs but a strong
Horizontal support of 24.4k$
Is nearby from where I think
That we will see a
Bullish correction
Buy!
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Coin
Meme Coin Double BottomKEKE is a meme coin (the euphemism for shitcoin) similar to the new wave of no intrinsic value coins like PEPE, DINO and LADYS.
They don`t produce any value in the crypto space, just speculation and FOMO from crypto degens. SHIB and DOGE are in the same category, just that they launched before memecoins were a thing.
KEK KEKE market cap is lower than $2Million right now.
Chart looks like a double bottom, don`t know who is still selling at this valuation.
Could go to $0, is worthless anyway, or make a 10X at some point.
Trade carefully!
PEPE the new meme coin! The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market.
There is a potential reversal here for this new memecoin: PEPE.
PEPE/USDT
Entry Range: $0.00000110 - 0.00000130
Price Target 1: $0.00000150
Price Target 2: $0.00000165
Price Target 3: $0.00000190
Stop Loss: $0.00000082
PEPE HIGHPEPE, a meme coin, derives its value from its close association with viral online culture and the popularity of memes. The coin's potential rise to $20 depends on various factors such as community support, overall market sentiment, real-world utility, and regulatory considerations. It's important to note that meme coins often defy traditional technical patterns due to their speculative nature.
Based on the assessment of GPT-4, it is unlikely that PEPE will reach $20 in the short term, as such an event could take a decade or even longer. In my quest to explore the future of meme coins, I found myself intrigued by ChatGPT, an impressive entity based on the GPT-4 architecture developed by OpenAI.
While delving into the future prospects of PEPE, the burning question emerges: "Will PEPE ever reach $20?"
However, it's crucial to acknowledge that despite the allure of meme coins, they come with inherent risks. The volatility associated with meme coins like PEPE can work in both ways, potentially leading to substantial gains or significant losses.
$COIN Short NASDAQ:COIN
I like the Idea of Shorting Coin.
Nothing to complicated guys and girls.
$55 short to a Target Fib Level of $52.84.
- Friday close was bearish with huge selling volumes end of day
- Stochastic RSI is forming an indicative pull back move
- RSI 14 Day Average shows trend breakdown with low buying resistance and higher selling resistance picking up
- AD / DX turning bearish with red bearish line resembling confluence/diversion to a bearish move up of the red line.
- Trading below 20/50/100 SMA already
Trade Idea with Options Derivatives is Puts, ideally in the money $55 and to $50, this is the trade for this week 22nd May 2023.
For confirmation must watch NASDAQ / Tech 100 and Bitcoin for confirmation.
I would be also watching for weakness in Crypto mining stocks, there was plenty of covered call selling on NASDAQ:MARA $9 for many weeks and it seems that buyers are exhausted. A break of $9 should see a move down to $8.50.
Xau/UsdHello traders!
My opinion is that the pair will once again retest the level of 2045.00 and at this level, wait for the confirmation for a decrease to the level of 2001.00
Be careful and wait for a confirmation!
Don`t forget to look at the economic calendar!
MAKE MONEY AND ENJOY LIFE 💰
THANK YOU!
GOOD LUCK!
🙏🏻🙏🏻🙏🏻
Xau/UsdHello traders!
My opinion is that the pair will take a decrease to the level of 1985.00, which simultaneously completes and confirms the "xabcd pattern" scheme. At the level of 1985.00, we will have a recovery and increase to the level of 2040.00. Stay tuned to buy. Be careful, because very soon the long-awaited decrease will happen.
Be careful and wait for a confirmation!
Don`t forget to look at the economic calendar!
MAKE MONEY AND ENJOY LIFE 💰
THANK YOU!
GOOD LUCK!
🙏🏻🙏🏻🙏🏻
stonks meme coin. cup & handle patternthis is a new coin, only two weeks old. but right now is looking like forming a cup and handle pattern. this is just an idea, because it is a meme coin, so i dont expect this pattern to play out. if it did, we are looking around 600% pump if break the resistance line (pink line)
$COIN headed up to $100+Think we're about to see the crypto market turn higher. NASDAQ:COIN should be a major beneficiary of the higher move.
The lowest I see NASDAQ:COIN going in the near term is $44, but we also may have bottomed and earnings could send the stock much higher.
Think we're likely to see the first target of $108 get hit, then think it's likely to hit the $150ish-$160 for final targets for the move.
This should all play out before July. Let's see what happens from here.
Is COIN correct on offshoring their operations?Coinbase appears to be getting crushed due to the unpredictable nature of Bitcoin volatility. How much there is any form of long-term upward trending, COIN is a company that needs to be questioned as a long-term hold. There are various lawsuits targeting this company but to be fair, the CEO and founder are correct about U.S. government regulation on crypto. The issue is when you are offshoring new crypto institutional exchanges, their intended institutional customers will question why this is happening. It would be looked upon as another potential FTX scam. Over the long run, this may hurt the company more versus the immediate returns they seek.
Have fear if you own COINBASEAs we analyze the 4 hour chart of COIN I continue to see downside... We have broken out of our main channel (the blue channel) and now inside the downtrending channel (white)... Since then we have only seen downside with very little upside.. if there is any upside within the white channel we have seen it collapse shortly after. I have drawn fib levels for COIN finishing up the Wave 2 and it seems that is correct and now on the path of the bloody Wave 3. We should continue to see more downside for the coming days...
The Week Ahead: ARKK, KRE, GDXJ; CFLT, COIN, DASH EarningsWith broad market implied volatility having crushed out mightily over the past couple of weeks, I'm left scrounging around in the exchange-traded fund and/or (ugh) single name space for premium. There aren't a lot of underlyings with ideal IVR/IV metrics to play, but there are a few things that still have decent IV in them, even if it isn't toward the top of its 52-week range.
There isn't anything in the exchange-traded fund space as of Friday close with an IVR >50%, but there are a few with 30-day IV >35% (which is the combination of metrics I like to see). Here there are, ranked by 30-day with stuff <$20/share weekend weeded out:
ARKK 41
KRE 41
KWEB 39
GDXJ 37
USO 36
XOP 35
Pictured here is a fairly plain Jane delta neutral short strangle in ARKK in the June expiry with the short legs camped out around the 16 delta, paying 1.00 at the mid price with break evens at 30 and 43.
The KRE June 16th 37/48 short strangle (16 delta) is paying around 1.25.
The KWEB June 16th 28 short straddle is paying around 1.95. (Going 16 delta short strangle didn't end up paying much; the 26/30.5 was paying .55).
The GDXJ June 16th 35/46 short strangle (17 delta) is paying 1.04 at the mid.
The USO June 16th 60.76 short strangle (17 delta) is paying 1.65 at the mid.
The XOP June 16th 112/143 short strangle (17 delta) is paying 3.04 at the mid.
Broad Market
Ugh. Why even go here ... . Broad market exchange-traded funds, ranked by 30-day IV:
IWM 21.3%
QQQ 20.6%
EFA 16.2%
SPY 16.1%
DIA 14.3%
Bond Funds
My only observation here is to note that TLT premium is better than SPY's (as is EMB's).
EMB 20.9%
TLT 17.0%
HYG 9.5%
AGG 7.4%
And, of course, there are earnings ... . I've screened and ranked these by >50% 30-day IV, as well as for options liquidity and thrown out underlyings that are trading at <$20/share:
COIN 111.2 (Thursday after market close)
W 107
RUN 92.9
CFLT 80.9 (Wednesday after market close)
PPL 73.4 (Thursday before market open)
FOUR 72.0
DASH 70.2 (Thursday after market close)
The drawbacks to W, RUN, and FOUR involve strike to strike granularity, which is why I haven't bothered to look up their announcement days and times. W and RUN have 1 1/2 wides; FOUR, has 5-wides. Not having 1-wides can not only make setting up delta neutral a pain; it can making rolling out a pain if you have to do that to manage the trade, so I generally avoid underlyings with weak strike granularity for earnings plays that are generally just made to take advantage of the ensuing volatility contraction. I would consequently lean toward plays in COIN, CFLT, PPL, and DASH for volatility contraction plays, looking to get into
CFLT, Wednesday before market close (since it announces Wednesday after market close).
PPL, Wednesday before market close (since it announces Thursday before market open).
COIN, Thursday, before market close.
DASH, Thursday, before market close.
Preliminary Setups:
CFLT May 19th 22.5 Short Straddle, 3.60 credit, 18.90/26.10 break evens
PPL: May 19th 29 Short Straddle, 1.03 credit. (Well, that's ... weak sauce. It's possible that the platform is misreporting 30-day, so this will have to be checked during the NY session).
COIN: May 19th 45/67 Short Strangle, 3.29 credit. (A smidge pesky, since I'd want to set up my put side tent somewhere between the 45 and the 40 strike, where there aren't any strikes at the moment.)
DASH: May 19th 52/73 Short Strangle, 1.95 credit.
COIN going to get squeezed downRight now Coinbase sits in the bearish territory along with the Ichimoku Indicator pointing at momentum to the downside also. COIN is in a position right now on the 30 min chart to either pop out of this zone to the upside or downside, which I have highlighted with the horizontal white lines. I see this getting slammed next week to the downside and could see a good play for Puts to be put in.
Coinbase (COIN) Daily Price TargetsHey traders,
Looking at the daily time frame of Coinbase (COIN) we can see a setup for another test of $80.
May 2022 Bottom with the wick down that created the low we hit at the start of 2023, so that was the switch of direction to the upside or bull market, whatever you want to call it. We aren’t going lower than that point and now we should start looking for upside targets. (it won’t go lower unless the company completely goes upside down)
Anyways, we are looking pretty solid here right under the $ 60 support and have great potential to move upwards to $ 80 and possibly above. There’s a gap down from $ 80 that will fill, it’s an inbalance in liquidity and is inefficient.
Coinbase is also gearing towards becoming profitable and posted positive earnings last quarter, if they can keep this up with clear crypto & government clarity, Coinbase is looking bright.
The $ 145 - $ 150 levels I have marked are the levels that will be tested in this next cycle. So if you’re looking long term, that’s not too shabby to hold.
As always please do your own research, this is not financial advice.
COINBASE - SHORT This chart does not look very good, we have a trend with sell and buy zones but also resistance and support zones.
We have a broken trend line so I entered short and I will close the profit in the support area where I mentioned on the chart.