Bitcoin cup and handle on its way to confirmation – target 76,000!

Bitcoin continues on course per our wave count and forecast. This was about the only site to correctly call the BTC bottom. We pointed out that BTC did exactly what we expected it to do finding support at the wave 4 of lesser degree low. After tracing out minor waves 1 and 2 of intermediate wave (5), BTC formed a very nice cup and handle pattern with a confirmation neckline at ~52K. BTC will confirm this pattern with a daily close above 52K. This pattern measures to ~76K.

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.
This entry was posted in bitcoin, ethereum and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s