Coinbase Update
Not a lot happened on Friday in regard to Coinbase. It is following along with the tier 1 crypto list that we follow. This shouldn't come at much of a surprise as closely as they're tied to each other's fates along with the BTC ETFs it hosts. Something I want to draw your attention too, is the target fibs / box. If you look at it, I drew it from the 1.0-1.618 as they are the most common end targets for this type of move. Also, within this box is the 0.382 retracement fib @ $140.85. This is a very common end target area for wave 4's, which is what we're in. Don't get me wrong, we could extend lower. However, the picture that is being painted at this time, points to this target box I have drawn.
We still have a chance of making a slight new high, but those odds are dropping. In the end, regardless of a new slight high or not, according to the larger count we should be headed to the target box for the end of wave 4.
We still have a chance of making a slight new high, but those odds are dropping. In the end, regardless of a new slight high or not, according to the larger count we should be headed to the target box for the end of wave 4.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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