Coin
COINBASE (COIN) - Bullish long term predictionBeen eyeing Coinbase stock (COIN) since IPO with this chart. COIN went down -40% from top, and I think the selling climax has calmed down. It was necessary due to the overvaluation in the IPO. Coinbase is the top 1 free app in the US appstore at the moment, and the crypto rally is far from over. Looks like a good long term investment at these levels if you want to diversify your portfolio or want to take baby steps into the "crypto market".
Two targets for CoinbaseThis is a great spot to add to your current position or buy into Coinbase. Bitcoin hasn't seen the top of this cycle and Crypto's market cap is staggering. Aren't you glad you didn't buy it on the open. This is a very good spot price here and look for it to continue to my outlined 2 targets. This is an excellent buy and hold company that you should be adding to your longterm portfolios. With the ability to stake and purchase stablecoins banks will continue to loose marketshare over the next several years and decade. I believe many will look back on this chart and say I can't believe you used to be able to buy Coinbase down here. I like longterm bets that take time to grow but 5x plus. I believe this is a good spot to see that.
BRONSON-TheSHARK
New kid on the blockRaydium a very promising new Swap, Exchange, Stake Defi platform under Solana.
The token Ray is not being traded on major exchanges yet except FTX. So expect some major exchange announcements soon for this rising star.
Any leap will put us at 19.5 first. Current marketcap is around 500 million usd and I expect it to reach over 2 billion in a couple of months. That means an easy 4x is waiting to be capitalized.
COINBASE upcoming earningsThe company will use Say to crowdsource questions from verified shareholders
Coinbase Global, Inc. announced today the launch of a shareholder Q&A platform to be used for its upcoming first quarter 2021 earnings call on Thursday, May 13, 2021 at 2:00 p.m. PT.
Starting today, all shareholders will be able to submit and upvote questions to management.
To submit questions, please visit app.saytechnologies.com The Q&A platform will remain open until 24 hours before the earnings call.
WHAT TO EXPECT
Ahead of the company's debut, Coinbase issued estimates on April 6 for its first quarter ended March 31 and an outlook for the full year ending Dec. 31, 2021. The company expects verified users of 56 million with $223 billion assets on platform, representing an 11.3% crypto asset market share.
Coinbase has yet to post results as a public company. The crypto giant turned profitable in 2020, earning $1.64 per share on revenue of $1.28 billion. Last quarter, EPS soared 743% year over year to 90 cents per share on sales of $585.1 million. Revenue surged 495% vs. the year-earlier period.
Looking at the current quarter, analysts expect the company to earn $2.97 per share, a whopping 1,756% increase. Meanwhile, sales are expected to skyrocket 849% to $1.81 billion.
Which crypto to put your money?Choose a chart that trends up when you want to buy or one that trends down when you want to sell. On this chart you will find a few examples. Say that you are looking for a long position, which requires you to buy, then DOGEUSD is possibly breaking out its triangle and making a new high.
Disclaimer: Nothing posted here is investment advice, also as stated in the TradingView house rules .
Can Flexa $AMP Replace Fiat With Crypto?The problems that Flexa aims to solve:
1. Merchants’ most common issues are card fraud and transaction costs.
Firstly, to give you an idea of how important this is, the U.S. was seeing about $11 billion worth of losses due to card fraud in 2020 only. Secondly, merchants are paying pretty high fees to their payment providers. This fee is usually somewhere around 3-4% of the entire transaction. This is why some small places might have a minimum amount of charge when it comes to accepting card payments. In fact, big companies like Costco and Walmart pay billions of dollars per year for the transaction costs to their payment providers.
This is where the Blockchain ecosystem steps in. In theory, blockchain and cryptos can solve the issues stated above and reduce transaction costs.
2.Crypto payments acceptance from merchants
Even if the blockchain could solve card fraud and lower transaction fees, which they can, it is difficult for merchants to adapt this payment system. This is because it is something completely new because even though we have seen some payment providers such us Visa adding cryptos as a payment method it is still not widely acceptable from most merchants.
3.Eliminate centralized transactions
However, Visa, Master card, and other cards that allow crypto payments still require another layer of system that is centralized. This, from the customer perspective now, might not always be good. Do you all like the idea that your bank can know every little spending you do? Or if not your bank then your partner, trying to surprise them with a nice gift but can’t because the transaction will be shown and with the exact store you made your purchase from. Therefore, decentralization is another goal to be achieved by Flexa.
4.The amount of time required for a transaction to be completed
It is not easy for any coin to just replace fiat for many reasons. Let’s use the number one most known cryptocurrency around the world, bitcoin, in our example. Bitcoin cannot replace fiat simply because of the amount of time it requires for the transaction to be completed.
Let me break this down to you in case you do not know. So according to Coinsutra, a bitcoin transaction can take anywhere from 1 to 60 minutes or even a day or two. This is happening because there is only a limited number of miners and only a limited number of transactions can be processed in the 1Mb block size of Bitcoin. The fee decides which transaction gets the priority in the 1 Mb block, and miners prioritize transactions with higher fees attached to them.
This is why technically; bitcoin is not the best solution when it comes to fast transactions. Imagine being at the supermarket and have to wait 20 minutes for the transaction to be completed. Add to that, the fees that users need to bear at the end of each month when it comes to daily uses.
In the chart, it shows that the AMP coin price is currently at $0.071. At the beginning of April 2021, the price was around $0.027, and this is only one month ago. This is a 160% increase since the beginning of April. From what I have noticed, AMP has a very strong community and many believers behind it and this is what makes it a long-term hold.
TRBBTC. Newly listed on Coinbase.Is buying crypto for less popular coins a pain? Yes, it is. Figure it out techno-geniuses.
Is buying crypto on Coinbase's tradeable list difficult? No, it is not.
By logical extension: I bought TRB. That does not stand for terriblecoin. I would invest heavily in terriblecoin.
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This is my first attempt using a gann square. I am not a carpenter. Redirect that energy please. Perhaps into a mechanically powered generator. At a relatively distant location from myself preferably. Much appreciated.
COIN TO RETEST $300We are oversold on a 4 hour chart and I am expecting a retest of previous resistance around $300. There is going to be massive resistance at $300. If we can close above $300 and take out $320 I will be adding to my position. Closing above $320 will signal the start of the bull run at least in the short term.
Which scenario do you agree with? Will ELON go to Mars? Which scenario do you agree with? Will ELON go to Mars?
Bitcoin car wash. Ultra Premium package. Looks healthy. Is it a good time to buy bitcoin, or do some coin-swapping?
To answer this question I want to know if bitcoin is cheap right now, or if it's better to hold my alt-coins.
After giving bitcoin a weekly examination I have determined it is looking very healthy. It could go up or down a little, and still be healthy. Basically, if you want to move some coins around, bitcoin will function just fine as a transfer method.
At the moment it appears to be priced fairly, I wouldn't say you are getting a bargain, but I think if you are in the market for bitcoin it's a good price. You aren't getting robbed, and it's not on sale.
There are a lot of bearish elements to consider, but these elements should be viewed as if you are going through a haunted house. They are there to scare you, and some people might really not like it, but at the end of the day it's only there to scare you, and the workers aren't allowed to touch you.
This is a bullish picture.
COIN : LOSTCOIN seems to have lost its way this week.
After last weeks mostly horizontal movement which could have eventually lead to some modest ascension,
this week has proven that COIN is still struggling to find reliable horizontal support,
starting off at around $300, only to drop to $275, followed by $250.
Any significant upward price action has been met with heavy resistance,
followed by even more substantial downward price movement,
and each major peak has been lower than the previous.
The particular downward fib channel used in the chart
shows COIN barely managing to break the 0.236 fib,
and not being able to clear the 0.382 fib at all.
And as for the 0.236 fib showing any support once it's broken...
well, there hasn't been much of that either...
the zero fib line has been the only thing between COIN and the bottom of a deep ocean.
COIN ended the week like a bicycle with no one on it that was pushed down a long steep hill towards a ramp...
and while it did manage to hit the ramp and get some air, the finale was hardly thrilling... a jump to $264... about $14 above its all time low of $250.
As usual, I'll be keeping my eye on COIN.
Just watching it, charting it...
the lower it goes, the less expensive it will be if I were to make a move.
I still think that there is an opportunity to profit long long-term here...
it's just a matter of when.
// Durbtrade