Hello, I’m top trader JinLog.
In this video I deliver a talk-show–style commentary, and you can read the full write-up on my blog.
Reacting to every piece of news and overtrading will eat away at both your capital and your time.
The VPAR rhythm trading method captures the timing of the overall market flow, then focuses only on key news and events at major support levels (“Mac Points”).
By blending sector and stock analysis with live index monitoring during broadcasts, you can manage risk while aiming for higher returns.
Summary
Coinbase is testing mid-term supply around $283 after Bitcoin broke below its short-term trendline and staged a swing support test at its trendline supply. Currently trading at $314.69, Coinbase’s short- and swing-entry points require trap-resolution confirmation before entry, while a mid-term entry zone sits at $283 .
The company increased its Bitcoin holdings by 2,509 BTC to a total of 11,776 BTC (approx. $740 M) and announced a strategic partnership with JPMorgan to enable USDC conversion and purchases via Chase credit cards, strengthening its long-term growth drivers .
Investment Opinion
Short-Term: Await confirmation of trap resolution and rhythm reversal signals before considering a tactical entry.
Swing: Upon validation of support near $283, initiate positions targeting a rebound toward $360.
Mid-Term: Accumulate in tranches at $283, leveraging the JPMorgan partnership and upcoming Everything Exchange launch for sustained upside.
Chart Explanation
Current price: $314.69, down from recent highs as mid-term supply at $283 is tested.
Short-term entry at current levels is inadvisable until trap resolution; swing entries require a clear test of $283 support.
Mac Points: Swing Mac Point at $268; mid-term Mac Point at $226—box-range bottom provides ideal tranche-buy zones.
Rhythm Analysis
Short-Term: Trend has broken and transitioned; rhythm shows bearish reversal; funds-flow weakening/transitioning.
Swing: Trend breakdown confirmed; rhythm continues downward/transition path; funds-flow weakening persists.
Mid-Term: Trend remains intact and upward; rhythm forming/developing; funds-flow showing signs of weakening.
Financial Flow
Q2 revenue fell 16.7% due to lower transaction volumes, but adjusted EPS of $5.14 and operating cash flow of $942 M underpin resilience, backed by cash reserves of $4.7 B .
Bitcoin balance sheet strength is bolstered by 11,776 BTC holdings (~$740 M) following a 2,509 BTC increase year-over-year.
News / Risk / Event
JPMorgan partnership to enable Chase credit-card rewards conversion to USDC and direct crypto purchases launches this fall .
Everything Exchange “all-in-one” app previewed—supporting on-chain trading of tokenized stocks and derivatives to strengthen platform moat .
Volume contraction amid the “crypto super-app wars” continues to pressure transaction revenues .
Regulatory tailwinds from the US GENIUS and Clarity Acts set a formal framework for USDC issuance and distribution .
SEC application for security-token approval underway—approval would enable on-chain equity trading .
Strategy Scenario
Short-Term: Implement split-sell near resistance once trap resolution and rhythm reversal are confirmed; then monitor market breadth signals for re-entry cues.
Swing: Enter near $283 support and scale out partial profits near $360.
Mid-Term: Build positions in stages at $283 level, riding the JPMorgan and Everything Exchange catalysts for sustained growth.
Elliott Wave Analysis
Short-Term Wave: Currently in Wave 2 corrective phase, with traps unresolved and bearish rhythm dominance.
Swing Wave: Entering Wave 3 impulse stage, suggesting a return of upward momentum.
Mid-Term Wave: Wave 3 formation underway, likely compounded by new service rollouts and partnership momentum.
Community Flow
On Reddit r/Coinbase, the JPMorgan tie-up has sparked bullish chatter, with members pinpointing $283 as the next entry zone.
On Twitter, #Coinbase discussions mix excitement over Everything Exchange with caution over volume trends.
Outlook & Risk Summary
Bitcoin price recovery remains the primary driver for Coinbase’s next leg up.
JPMorgan partnership and Everything Exchange launch support a rebound, but volume recovery delays and regulatory uncertainties could trigger further pullbacks.
Deep Report
• In-depth analysis of JPMorgan partnership and USDC business expansion
• Everything Exchange platform roadmap and competitive positioning
• Volume-recovery scenarios and revenue outlook
• SEC security-token approval process and regulatory risk assessment
Brand Notice
This report is produced using the VPAR rhythm-analysis methodology, which marries chart rhythms with funds-flow patterns to pinpoint optimal trading opportunities. All investment decisions are the sole responsibility of the investor.
English