Some of my posts contained some contraband and were removed. The text has been removed and I am just re-posting so y'all can still see the other information.
Coinbase has a pretty clear-cut structure that it has formed. As you may notice, I haven't really changed anything from my last post except add retracement fibs and a target box for wave (4). In that post I stated we would most likely move up to the 1.382 @ $190.51. Well, we raised to $187.97 And then started our retrace. I didn't even change the dotted line showing my expectations for this move. Don't get me wrong, I WILL be wrong at times. I'm not perfect but EWT makes things much easier. This is where those stops I am always harping about come into play. With them assets are mostly protected, and losses are kept at a minimum. Make sure to keep your emotions in check at all times too. Fear and greed are very real and will steal your hard-earned money every time. As my mentor always says, "trading for profit is hard, if it were easy everyone would do it". Don't make things harder on yourselves for no reason.
I expect this move to continue down towards the 0.382 blue fib @ $128.61 before moving up again. Once (4) is over, we should move higher to my next box in the $190 to low $200 area at a minimum.
I have placed an ALT (4) on the chart as this could technically be all of (4). This is not my expectation, but if we jump impulsively and make a new high then it becomes my primary count. If we follow my primary path and a bottom looks formed around the 0.382 then I will most likely buy some shares & calls w/ a strike around $200. Good Luck everyone!!
Coinbase has a pretty clear-cut structure that it has formed. As you may notice, I haven't really changed anything from my last post except add retracement fibs and a target box for wave (4). In that post I stated we would most likely move up to the 1.382 @ $190.51. Well, we raised to $187.97 And then started our retrace. I didn't even change the dotted line showing my expectations for this move. Don't get me wrong, I WILL be wrong at times. I'm not perfect but EWT makes things much easier. This is where those stops I am always harping about come into play. With them assets are mostly protected, and losses are kept at a minimum. Make sure to keep your emotions in check at all times too. Fear and greed are very real and will steal your hard-earned money every time. As my mentor always says, "trading for profit is hard, if it were easy everyone would do it". Don't make things harder on yourselves for no reason.
I expect this move to continue down towards the 0.382 blue fib @ $128.61 before moving up again. Once (4) is over, we should move higher to my next box in the $190 to low $200 area at a minimum.
I have placed an ALT (4) on the chart as this could technically be all of (4). This is not my expectation, but if we jump impulsively and make a new high then it becomes my primary count. If we follow my primary path and a bottom looks formed around the 0.382 then I will most likely buy some shares & calls w/ a strike around $200. Good Luck everyone!!
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
