It took awhile, but BTC finally reached its target

Posted on August 17, 2023 by alphahorn

Once the 38.2% retracement fell for BTC, then all eyes were on the 50% retracement level of its move up in minuette wave (i) of minute wave [iii] of minor wave 3. BTC is within a hundred points or so of this target. And while the 61,8% retracement is always a possibility, I believe the next impressive leg up for BTC is about to begin in minuette wave (iii) of minute wave [iii] of minor wave 3. It should be quite the ride.

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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