Tag Archives: bitcoin

Bitcoin vs Gold: Which should you be holding?

The weekly chart above shows the ratio of Bitcoin’s price to the price of gold. After a massive move up by BTC in the second half of 2020 into the first quarter of 2021, BTC has corrected both in terms … Continue reading

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Important Bitcoin and Ethereum Update

With about 30 minutes until the weekly close, both Bitcoin and Ethereum are set to print bullish engulfing weekly candles. This plays perfectly in line with our July 19th call that the pullback was ending. Next up we should see … Continue reading

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Bitcoin Update: Target near 27K

Once again a potential ending diagonal has been forming for BTC. An ending diagonal marked the end of the last leg up and now could be pointing to the end of this couple of month pullback. The lower trend line … Continue reading

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Bitcoin loves its ending diagonals! Will this pullback end soon?

The bull market run to 64k ended with a text book ending diagonal. In Elliott Wave terms. That ending diagonal traced out minor wave 5,the final wave, of intermediate wave (3) or primary wave [3] per my wave count. What … Continue reading

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Intermediate wave (5) of primary wave [3] Bitcoin Price Projection

As promised, here is my Bitcoin price projection for intermediate wave (5) of primary wave [3]. Over the weekend, I posted my price projection for Ethereum https://alphahorn.com/2021/07/04/happy-4th-of-july-are-we-on-the-verge-of-some-crypto-fireworks-ethereum-update-and-my-outlandish-prediction-for-the-next-wave-up/, and as promised here is my projection for Bitcoin. As I noted in … Continue reading

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Happy 4th of July. Are we on the verge of some crypto fireworks?! Ethereum Update and my outlandish prediction for the next wave up.

This will we the first part of a two part update. I will look at BTC later. Let us begin with a look at Ethereum. But before I begin, I want to make a general statement about Cryptos and Elliott … Continue reading

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ETHEREUM UPDATE

Ethereum has had a nice run this past week and is now threatening the downtrend (blue) line. Should we see an ETH break above this line with a daily or even 4 hr close, then that would go a long … Continue reading

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Bitcoin Update

Intermediate wave (4) of primary wave [3] is in the books and now what has historically been the most aggressive wave, intermediate wave (5) is underway. This wave will be made up of five minor waves: 1,2,3,4,5. I expect minor … Continue reading

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OH NO, IS THE BITCOIN SKY FALLING AGAIN??????!!! IN A WORD – NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Time will tell whether or not I’ve been the lone technical analyst to have called the BItcoin bottom immediately when it occurred, or am I just a foolish, overly bullish Elliott Wave technician who blindly missed other technical details that … Continue reading

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Bitcoin Update and Possible Roadmap to New High

While it seems the rest of the crypto universe has/had gone extremely bearish on BTC, I called the ~30K low as THE LOW for this pullback the minute it happened; if you haven’t read this post, then I encourage you … Continue reading

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