Bitcoin finally reached my first target

Per my weekend post from 7/16, BTC has finally reached the first of two targets I laid out. The 38.2% retracement of its most recent leg up has finally been reached and for now is providing support. Should this level not hold, then the next target is the 50% retracement level ~28k.

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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