TSuth

Coinbase Update

BATS:COIN   Coinbase Global
Coinbase may be trying to throw us for a loop. Judging by price action I see three different options. The first one which is also my primary, is this (c) wave is creating a 3-wave move higher to the target box, and we should start to move higher in a mini-5-wave move. The second is we're still in our (b) wave and about to make OML for a mini-c-wave to finish off (b) before heading higher in (c) of B. My 2nd ALT is B is already finished / was shallow, and we're about to head lower to sub $200. MACD looks reset on the hourly chart and primed to head higher. Hopefully within the next day or two we should get our answers.

P.S: BTC looks like it is in the exact same position as Coinbase.

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Bonam Fortunam,
--Tyler
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