Coinbase Update
I wasn't going to post on Coinbase publicly for a while, but I wanted to give the haters something to agonize over. I remember when some were saying my Coinbase posts were way off and that price wasn't going to drop this low again. Welp, here we are, right in the area I called for. Still doubt EWT? If you do, this post isn;t for you and you should go elsewhere for an analysis over Coinbase as EWT is ALL I use.
Looking at the chart below, we have a 5-wave pattern that could be considered complete. However, I don't like how the mini-wave 4 shaped up. I expected it to be deep and long, not short and shallow. This makes me wonder if it is yet another a wave of C of (C). We have come very close to my target of $143-$140 though. Price hit a low of $146.12 before starting to move higher again. Not to mention the place in which BTC is in in its respective pattern. We have created positive divergence as of now as expected. Will it hold? We will find out soon enough. Those of you that get daily updates from me know that I have started to slowly build into a position, but only have 20 shares as of now. There is a small possibility that price drops all the way to the $125 area but as of now that is low probability. Nonetheless it is a probability that traders need to be aware of. If we can make another low as expected I plan on adding more shares to my portfolio.
Looking at the chart below, we have a 5-wave pattern that could be considered complete. However, I don't like how the mini-wave 4 shaped up. I expected it to be deep and long, not short and shallow. This makes me wonder if it is yet another a wave of C of (C). We have come very close to my target of $143-$140 though. Price hit a low of $146.12 before starting to move higher again. Not to mention the place in which BTC is in in its respective pattern. We have created positive divergence as of now as expected. Will it hold? We will find out soon enough. Those of you that get daily updates from me know that I have started to slowly build into a position, but only have 20 shares as of now. There is a small possibility that price drops all the way to the $125 area but as of now that is low probability. Nonetheless it is a probability that traders need to be aware of. If we can make another low as expected I plan on adding more shares to my portfolio.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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