Quick Bitcoin Update

Bitcoin could retrace here to ~57,700ish in minute wave [ii] of minor wave 3 of intermediate wave (5) of Primary Wave [3] of Cycle Wave 1. (Note: if 62,000 holds, then we are already in minute wave [iii]). Yes, this is BTC’s FIRST CYCLE. All these would be technical analysts trying to describe all the BTC’s cycles are using a made up vernacular. When intermediate wave (5) concludes and thus Primary Wave [3] of Cycle Wave 1, be prepared for more talk about the “Cycle TOP”. But, what we’ll see is a pullback in Primary Wave [4] followed by another push up in Primary Wave [5] to conclude Cycle Wave 1 probably mid to late 2022.

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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