Coinbase made some good progress today towards the target box. It appears to me we are in wave iii of C of (A). More specifically I think we're in wave 4 of iii and should have a little retrace before dropping again to the 1.382-1.618 ($218.14-$213.18) for 5 of iii before raising again for wave iv of C. MACD should start to raise towards the zero line if this is the case. Nothing more to really add at this time, let me know if you have any questions.
P.S. - How do all the haters out there that kept saying Coinbase was about to rip higher feel? Of course, markets aren't linear, and we will get retraces higher, but this is just the beginning of this retrace lower in a larger wave 4.
P.S. - How do all the haters out there that kept saying Coinbase was about to rip higher feel? Of course, markets aren't linear, and we will get retraces higher, but this is just the beginning of this retrace lower in a larger wave 4.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler