To The Moon

$Coinbase Global, Inc.(COIN)$ 📉💥📊 Coinbase capitulates; but this fib says bounce, not breakdown 💥📊📉 I’m fully convinced that what we just saw with $COIN wasn’t a breakdown. It was a structural retest of the kind that scares weak hands out of generational setups. While headlines scream “plunge,” I’m focused on what the price is whispering. And it’s saying: .886 fib. Volume shelf. Support confluence. Buy zone. $COIN collapsed 16.39% to $315.85 following Q2 earnings, marking its biggest intraday fall since April. Transaction revenue dipped 2% YoY to $764.3M as total trading volume plunged 40% sequentially. Crypto volatility was down 16% quarter-on-quarter, keeping retail activity dormant even as Bitcoin rallied 6%. Adjusted net income fell to just $33.2M or $0.12 per share; sharply lower than the $294.4M ($1.10) print last year. But look deeper. Subscription and services revenue, where the real business model evolution is taking place, jumped 9.5% to $655.8M. Stablecoin revenue alone hit $332.5M. That strength is reinforced by regulatory tailwinds: the GENIUS Act passed into law, and the Clarity Act is on deck. As Coinbase wrote in its shareholder letter, “These bills provide a clear regulatory foundation for stablecoins and digital assets, potentially unlocking new opportunities.” That narrative matters. Because while price dropped, the foundation hardened. They’re still sitting on $9.3B in USD reserves and $1.8B in crypto assets. David Bartosiak from Zacks said it best: “That’s not dry powder; that’s a full-blown arsenal.” I’m watching the charts even closer than the headlines. On the weekly view, $COIN tagged the .886 fib at $318.95; known in crypto circles as the last retracement before explosive reversal. We’re hovering right on top of the 0.5–0.618 golden pocket ($293.61–$257.97) and sitting squarely on the high-volume node at $310.61. RSI has pulled back from an extreme 98.6, cooling the overbought conditions that stretched price to $444.65 two weeks ago. Technically, we are not in a breakdown. This is a backtest. The inverse head-and-shoulders remains intact, with weekly candles still inside the prior uptrend channel. The bullish continuation setup is alive, and if $295 holds, I believe this becomes a launchpad toward $353, then $444.65, with the Fibonacci extension reaching $476.93 still valid. But here’s the cross-asset trigger: Bitcoin. The 4H Bitcoin chart shows a volatility flush through its Keltner and Bollinger bands, with BTC falling to $113,674. MACD is turning down, and the candle structure confirms a liquidation spike. On the weekly chart, Bitcoin just kissed a Gann square intersection around $113,681. Its recent pullback, triggered by macro shocks including Trump’s announcement of reciprocal tariffs, intensified pressure across crypto equities like COIN. But if Bitcoin holds this structural level, it could stabilise broader sentiment, providing a platform for COIN to reclaim its trendline and resume targeting $353 and beyond. I’m extremely attentive to this moment. BTC has fallen nearly 5% in tandem with Trump’s announcement of “reciprocal” tariffs against dozens of countries. Ethereum, XRP, and BNB followed suit. These macro shocks triggered broad crypto selloffs and long liquidations. Galaxy Digital fell 2%, Circle dropped 4%, BitMine Immersion tumbled 8%, and MicroStrategy slipped 5%. $COIN led the decline; precisely where capitulation often begins to reverse. ARKK, with Coinbase as a top holding, slumped 5.64% to $71.08. Cathie Wood’s strategy is now deeply tethered to this inflection point. A bounce in COIN doesn’t just revive its chart; it reignites her broader innovation thesis. I’m rebalancing into this weakness. This isn’t a bet on earnings. It’s a calculated positioning on legislation, liquidity, and structure. As I said: “111K? I’m doing what I can here to add and rebalance into my favourite plays.” Volume has exploded into the pullback, options flows have reset, and the sentiment washout may be near exhaustion. I’m focused on $293.61 as the line in the sand. Below that, $257.97 becomes the critical fib to defend. But if $COIN reclaims $334.30, it opens the door to $353, then $444.65, and finally $476.93. This setup rewards patience, not panic. These are not predictions. They’re probability-weighted frameworks. What do you think, is this the blood-on-the-fib moment that launches the next leg? 📢 Don’t miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets 🚀📈 I’m obsessed with hunting down the next big movers and sharing strategies that crush it. Let’s outsmart the market and stack those gains together! 🍀 Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀 @Tiger_comments @TigerPicks @TigerStars @TigerWire @SPACE ROCKET