Bitcoin and Ethereum Update: It’s Time for the Next Big Leg Up to Begin!

I’ve previously posted projections and price targets for both Bitcoin and Ethereum. I looked at the brief history of these two assets and found a very interesting characteristic common to both BTC and ETH from an Elliott Wave perspective. You can find those previous posts here: https://wordpress.com/post/alphahorn.com/62361 and https://wordpress.com/post/alphahorn.com/62361. According to my wave counts for Bitcoin and Ethereum, they are in the early stages of intermediate wave (5) of primary wave [3]. See those earlier posts for more detailed analysis. I just want to note that this might be the last best buying opportunity for both BTC and ETH. As you can see below, both assets have tested their respective 2/4 lower channel lines and now should be poised for explosive moves that could reach 3-5x their current levels.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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