Tag Archives: BTC

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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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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