Tag Archives: BTC

Weekend Update Part 1: Quick view of Bitcoin and Ethereum updated wave counts

Most traders have been frustrated with the sideways choppy action that both Bitcoin and Ethereum have been experiencing over the past six months now. But this is just the type of market that I took advantage of to build my … Continue reading

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It took awhile, but BTC finally reached its target

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 … Continue reading

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Updated Bitcoin Wave Count

I’m showing a new wave count for BTC that channels well and predicts a very nice intermediate wave (1) high at the previous all-time high. In spite of this count’s deep wave [iv] retracement, this count obeys all EW rules. … Continue reading

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A quick look at the close correlation between the Nasdaq and Bitcoin. What’s next for the risk trade?

It has been widely discussed that Bitcoin has a close correlation to the Nasdaq. At this stage of its market acceptance, BTC is viewed by many institutions as a risk on asset and they trade it accordingly. Although, it is … Continue reading

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Bitcoin Big Picture Chart

Once again here is my Bitcoin wave count and my projection(s) for primary wave [3]’s possible targets. I did a much deeper dive into this, which can be found here: https://wordpress.com/post/alphahorn.com/62361. You here a lot of people talk about bitcoin … Continue reading

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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 … Continue reading

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Bitcoin and Ethereum Update: It’s Time for the Next Big Leg Up to Begin!

I’ve previously posted projections and price targets for both Bitcoin and Ethereum. I looked at the brief history of these two assets and found a very interesting characteristic common to both BTC and ETH from an Elliott Wave perspective. You … Continue reading

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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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