Dave Barnhart analyzes $COIN intraday trading setup using recent volume prints, moving averages, and pivot points. A $400K print on August 5 and current positioning above $184 suggest bullish targets to $195-$196.60, while a break below $181.75 flips the bias bearish toward $170.
Chapters
Crypto's been moving. You've heard all about it. So let's go ahead and see if we can trade this intraday. These are the largest trades in the last 30 days, and you've got a huge consolidation here. You can see here about August 5th, we just went sideways for a while, and we got the biggest print in this range is $400K sitting here. And then we shot back up and tested this other $98K, but then we've gapped and then we've pulled back. We're sitting in these prints here, so maybe we can make it up to this 200 exponential or potentially retrace down here to the 100 or the 8. So let's map this out intraday. Right now we're tangled between my simple 200 exponential, couple pivots, and other moving averages here so you can see where we're at, and this print. So we want to be bullish above 184. Let's get back above this level here. Target 185, 186.44 is the 75K prints. 186.81, 188.04 is R1, and we've got 190, 192.87 195, 196. 60 is our 2. I stopped there. The ATR on this one is about $10. Just be careful with that. On the downside, we're going to be bearish below 181.75. Let's get below this little bit shelf here. There's this gap fill as well. This is resistance at the moment that we had gapped into. So if we get below 181.75, then we can go to 170.79. Um, 179.48 is a $223K print. You can see that also being post-market here through the evening. And that's a 50 simple moving average that we're stuck on there, so mind that. Then we got 178.26, 177.04, 175.82, and 174.72 is on that. Then we've got 172.15, and I put 170 as the stop, $10 level. That gets us our ATR anyway.
