Coinbase Update

19 de ago.

This move off the $161 bottom has seemed corrective to me. I have been saying that ever since it was made. I have also been saying I expect another low before wave ((5)) kicks off. Nothing has changed in my analysis. Yes, we could've bottomed and started wave ((5)) already, but that is my ALT, not my primary. Another drop towards the 1.618 and 0.382 in the $140-$142 area would not only create the OML predicted due to structure, but it would also ideally create positive divergence setting up price for a healthier raise to the next larger target box. This also lines up with crypto needing another drop in price. If I am right, then Coinbase is going to lose around 30% of its current value before raising to the low $300's. If BTC were to lose around 30% of its current value, then that points towards a bottom in the low 40k area.