Coinbase Update

Price continues to trade sideways. We have already tagged the 1.0, made it in between the 0.382 & 0.5, and have all the required waves in place for a top to be made. Much like Tesla, the only move higher from here in an impulsive wave is an ED. I find it much more likely that a top has already been struck and we have already begun our minor B wave. We could still make another high, but if we do I think it will be minimal and would be as an irregular b wave. Ideally, we will find out what is in store this week.



Once B starts, as of now, I expect price to fall back to the $150-$160's. Like I said, hopefully we start the move lower this week. I imagine minor B will take 2-4 weeks to complete.