Coinbase has been very volatile as of late. Rather that be due to BTC or other factors IDK. What I can say though is that the weekly MACD is pointing down and the daily MACD is leveling out. The 4Hr MACD is green but looks neutral to me. Its 1Hr MACD is showing weakness but points higher due to the last high it made. Micro MACD's showing high probability of moving higher and the microstructure points higher too.
At this time, I still feel we're headed back up to the target box. The green fibs are tracking this. Notice how the 1.236-2.0 are ALL in the grey box. If you remember correctly the only common end point not in the box is the 1.0. If I had to choose the most probable end point before another move lower, it would be the 1.618 @ $248.92. tomorrow will be interesting to say the least.
At this time, I still feel we're headed back up to the target box. The green fibs are tracking this. Notice how the 1.236-2.0 are ALL in the grey box. If you remember correctly the only common end point not in the box is the 1.0. If I had to choose the most probable end point before another move lower, it would be the 1.618 @ $248.92. tomorrow will be interesting to say the least.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler