Coinbase Update
Man am I glad I set that stop last week. It was a tiny position, but I got out at point of entry so lost zero dollars. I honestly hadn't looked at crypto weekend until tonight and boy has it taken it on the chin. SOL will be down about 34% from last Monday and 23% just since Friday. BTC is down 16K in one week and 11K since Friday. Needless to say, I find it HIGHLY likely that COIN will open down BIG tomorrow a.m. bar something huge happening.
It looks like to me that price is making a more direct move for my larger target box. This suggests that the atrocious pattern off the $272.50 high was in fact a 5-wave for wave 1 of (C) of ((4)). That in turn implies that we're currently in wave 3. I would assume that with such a strong drop some investors will take the opportunity to buy some COIN shares at what they perceive as a discount (it technically is) which would kick off / carve our wave 4. This all assumes that Coinbase opens way down tomorrow. I find it a very real possibility that we hit my larger target box tomorrow, but structure needs to create positive divergence and create a wave 4 & 5 before a bottom can be made. Tomorrow will be very interesting indeed!!
Don't forget, I have essentially had this same target box for almost two months now for a wave ((4)) ending.
It looks like to me that price is making a more direct move for my larger target box. This suggests that the atrocious pattern off the $272.50 high was in fact a 5-wave for wave 1 of (C) of ((4)). That in turn implies that we're currently in wave 3. I would assume that with such a strong drop some investors will take the opportunity to buy some COIN shares at what they perceive as a discount (it technically is) which would kick off / carve our wave 4. This all assumes that Coinbase opens way down tomorrow. I find it a very real possibility that we hit my larger target box tomorrow, but structure needs to create positive divergence and create a wave 4 & 5 before a bottom can be made. Tomorrow will be very interesting indeed!!
Don't forget, I have essentially had this same target box for almost two months now for a wave ((4)) ending.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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