Coinbase GlobalUpdated Coinbase Update: OMH needed for CLEAN 5-waves
I feel like I updated y'all throughout the day and don't have much to add. The smallest timeframe I can post is a 15min chart or I would post the 3min graph for more detail. As you see here I believe we need OMH for mini-wave 5 followed by a 3-wave move retrace. This, followed by an impulsive move higher is the confirmation we are waiting on. If this is the case, our next larger move up should target the $190 area AT A MINIMUM. With wave (1) extending to the 0.786 fib extension, I think it more likely to tag the 1.618 @ $242.45. for (5) of ((3)).
There is the possibility we have already hit mini-wave 5 top due to structure but looking at fibs and MACD I feel we need another high to the target box. After that I expect a 3-wave retracement to the $117-$120 area. If this is what happens, I will most likely buy another 30 shares + some calls. I have appointments tomorrow, but I will update as able. God bless y'all!!
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
There is the possibility we have already hit mini-wave 5 top due to structure but looking at fibs and MACD I feel we need another high to the target box. After that I expect a 3-wave retracement to the $117-$120 area. If this is what happens, I will most likely buy another 30 shares + some calls. I have appointments tomorrow, but I will update as able. God bless y'all!!
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
Note
This is either an extension of our mini-wave 1 or the mini-wave 2 was very shallow and quick. Time will tell. As of now i still Ijust have the 20 sharesNote
MACD made a new high on the micros, and is close but not yet on the hourly chartNote
To me, price definitely seems impulsive. The question I am asking myself today; Is this move higher from pre-market to now, wave i extending or the wave 1 of iii beginning? I need more price action to decipher that, but as said above this seems like wave (3) of ((5)) has started. The 3min and 1HR MACD have both made new local highs which is very important and a key clue too.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.