Coinbase Update: In the box for iii

16 de fev.

Looks like the turquoise count it is, and price got a huge boost from earnings. Not before it dropped down to $153.07 (low $150's) as I called for. It took all of 2 minutes for price to drop down that low before rocketing back up to the $190's though. I would expect price to make another high up to the 1.382 extension before retracing for wave iv, but it isn't required.

After price tops in wave iii, it should drop to around the 1.0 @ $180 for wave iv. It is at that time I will most likely look to buy back in. No guarantees though as I won't push it. As I have said in the past, I fear losing money much more than missing out on profits. I work hard for these profits, and I won't squander them on what ifs. There are always trades to be made somewhere, I don't need to take outsized risks for them. Not to mention, entering at the bottom of retraces makes the risk / reward much more in your favor.

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.