COIN - Corrective PA Before Breakout 🧑🏻‍🚀

Since COIN pump yesterday it now looks like the bottom is in and it may be printing a descending wedge before the trend reverses to the upside.

Both B waves of AR Automatic Rally and within the wedge look like corrective reaction to dumping, but yesterdays pump looked impulsive not reactive - again indicating reversal.

Bullish RSI divergence since potential SC Selling Climax.

For the potential E wave it is common that they do not retrace back to the trendline due to upward momentum shift.

Also NDX index looks like it can rally into a hard bounce any day now.

I had already begun buying before yesterday's pump and will continue to buy this area.

Not advice.

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COIN up 10% so far today and challenging the upper trendline which is a supply line and if it does cross with significant duration then expect fireworks. It may also pull back to have an E wave - I have no idea really of the nitty gritty short term and so just buying this area.

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Breakout! One to keep an eye on now

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Closed out some quick profits here as there are stars everywhere in crypto and i think NDX will probably retrace at least, and COIN has wicked through 1:1 extension.

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This could be the E wave here and I have buy orders in the blue band.

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shakeout reversal pattern through the supply line. I think my buy area is on target. Might be out a bit. We'll see.

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With high volatility today upon inflation data COIN fell briefly into the blue band but then bounced back up and now is drifting towards the supply line.

I've bought more and will continue to buy through the blue band if it gets there, if not i'll add on the way up.

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Just buying when it hits the blue band.

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This feels like E wave completion. Getting ready for breakout.

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E wave may now be complete since COIN pushed out of this descending corrective channel and through the supply line. It had a small impulse then re-testing the supply line (circled). From here it may touch the blue band again or it may not. Good chance it drifts sideways ready to move on up at any time depending on NDX and BTC next week.

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E wave was complete as suggested and now a big PUMP through the supply line. Also Wyckoff LPS is in. SOS printing now.

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This is potentially a completed accumulation.

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Coinbase heading north. Doesn't look like its going bankrupt just yet 😸.

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"Pattern separation" here with a corrective "bullish" descending wedge breaking out into a "bearish" ascending channel. This may go higher but it will probably fall at some point soon. Have taken some profit and see if I can re-enter lower maybe at support.

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Its falling out here i've opened a small short just to hedge against the alts and short puts (bullish) I have open.

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First limit buy at support.

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I removed the limit buy due to pre-market crashing - new thread to follow.