$Coinbase Global, Inc.(COIN)$ $Strategy(MSTR)$ $CME Bitcoin - main 2510(BTCmain)$ ๐ฅ๐๐ Coinbase Ignites with Crypto Surge ๐๐๐ฅ
๐ก Coinbase Breakout Confirmation
BOOM ๐ฅ $349. Coinbase ($COIN) completed an inverse head-and-shoulders reversal and powered directly into the $342โ$349 zone this morning, alongside strong flows in $MSTR and other crypto-linked names. Headlines blamed the government shutdown; the chart had it mapped first.
๐ Monthly Fibonacci Milestone
Yesterdayโs monthly close carried major weight. $COIN closed above the 0.886 Fibonacci retracement at $318, printing a bullish engulfing candle that historically favours strong continuation. This sets the stage for a probability-weighted path higher into the next Fibonacci extension levels.
๐ฏ Forward Map with Fib Targets
Hereโs how the structure stacks up:
๐ต Stability / Floor โ Support: $318 (0.886 Fib), $245 (0.786 Fib)
๐ด Stop / Danger Zone โ Resistance: $349โ$355 (local top cluster), $429 (Fib 1.0 pivot)
๐ Alert / Ignition โ Breakout: clearing $429 on volume opens the door to sustained trend expansion
๐ข Profit / Go โ Upside Targets: $873 (1.272 Fib), $1,266 (1.414 Fib), $2,156 (1.618 Fib extension, long-term stretch target)
๐ Bitcoin Weekly at Key Test
Bitcoin ($BTC) has already cleared $117,700 intraday, now trading above $118,000 with strong volume on the 4-hour. The focus shifts to the weekly close: hold above $117,700 and the path opens toward $125,000โ$129,000. Failure to close above would leave the door open for a shakeout back toward the $109,000โ$113,000 shelves before continuation.
โก Multi-Timeframe Confluence
โข $COIN 30-min & 4-hour: EMAs stacked bullishly, Keltner + Bollinger bands expanding, strong follow-through volume
โข $BTC 4-hour: already above $118,000 with volume confirmation, short-term bullish continuation confirmed
โข Market context: crypto-equities ($MSTR, $RIOT, $MARA) riding parallel bullish structures
๐ฎ Strategic Conviction
The story isnโt noise; itโs structure. With Coinbaseโs monthly engulfing above $318 and Bitcoin breaking $117,700 intraday, the alignment across timeframes sets the stage for bullish continuation. The weekly close will decide whether this breakout cements into Q4 trend expansion.
๐ Do you believe Bitcoin closes the week above $117,700 to confirm the breakout and set $COIN on track for $429 and beyond, or do we still get one final liquidity flush first?
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