$Coinbase Global, Inc.(COIN)$ $CME Bitcoin - main 2510(BTCmain)$ $Strategy(MSTR)$ π₯ππ $COIN Back-Tests Gann Arc Jail and Survives. Is $444 Next? πππ₯
π Coinbase defends critical structure, BTC surges, and volatility reloads. The crypto equity king is back in play.
π― Gann Square Back-Test Avoids Arc Jail
Weekly structure just held the line. $COIN defended the ascending Gann arc from the 2023β2024 confluence and rejected a full breakdown into the lower arc zone near π΅ $285. This wasnβt just a bounce, it was a macro validation.
Now coiling above the diagonal Gann support, price is stabilising at $318.70 with bullish momentum building. ROE sits at 27.96%, P/S at 12.13, and forward EPS at $8.095; a setup few names in the crypto equity space can match.
Upside structure aligns with prior impulse zones from March and July, where $COIN tapped π΄ $444.64. Thatβs the key Gann arc lid. If broken, watch for parabolic extension toward π’ $525 and π’ $600.
π Compression Reloading Beneath Ignition Threshold
The pullback from π΄ $344 flushed speculative longs, mean-reverted to π΅ $310, and reset intraday positioning. Weβre now seeing early-stage squeeze compression across key timeframes with price consolidating just under π $328.60.
Price is holding above the short-term mid-vol zones and tracking a rising EMA structure. If $COIN clears π $328.60, the ignition level is met; likely triggering flows back to π΄ $344.10, then π’ $385.
Compression begets expansion. The move is setting up.
πͺ Crypto Tailwind Confirmed by BTC Surge
BTC just reclaimed $113K and is showing strong directional continuation. With $COIN acting as a high-beta equity proxy for BTC and ETH ETF flows, this sets up a correlated acceleration.
If BTC breaks π’ $117K, the path is open for $COIN to move swiftly through π $328.60 and challenge π’ $385 and π΄ $444.64.
Long gamma sweepers are already active near the $360β$400 strikes. Options volatility has softened just enough to make directional bets attractive. Donβt sleep on crypto-leveraged ETF rotation benefiting $COIN next.
π‘ Strategic Technical Outlook
π΅ Support: $308, then $285
π Breakout zone: $328.60
π΄ Resistance: $344.10, then $385, then $444.64
π’ Final Gann targets: $525 and $600
IV surface indicates building call appetite with macro structure now in sync with price action. The next leg is one clean breakout away.
π Fun Fact
Coinbase IPOβd at $381 and hit $429.54 on day one in April 2021. Since then, itβs endured a full crypto cycle, SEC lawsuits, shifting fee models, and multiple pivots; yet now sits just 25% below all-time highs. With BTC ETFs locked in, Coinbase isnβt just surviving, itβs re-emerging as the infrastructure core of institutional crypto.
πβIf Bitcoin breaks π΅ $117K and macro tailwinds continue, does $COIN reclaim its IPO highs and hit π΄ $444.64, or do regulation and ETF fee compression cap the move?
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Trade like a boss! Happy trading ahead, Cheers, BC πππππ
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- QueengirlypopsΒ·09-30TOPThis oneβs got me dialled in. That compression build plus BTC strength and gamma sweepers is a wicked combo. Like, itβs literally all stacked for a volatility pop. Love the Gann arc rejection, itβs giving bounce then breakout energy1Report
- Cool Cat WinstonΒ·09-30TOPπ I really like how you tied $MSTRβs option drift into the Bitcoin move, it makes the leverage angle crystal clear. Seeing calls surge like that while puts collapsed reminds me of what happened with $NVDA flow last quarter when tech sentiment flipped overnight.1Report
- Enid BerthaΒ·09-30September dump unfortunately will test $300 again. $290 still in play for next weekLikeReport
- HiTALKΒ·09-30Bullish vibes! π1Report
