Tag Archives: stock market

Near Term Swing Top at Hand: Will the drop be 400-600 points or 1,000+ for the SPX? Which count, if either,do you prefer?

Vote here: https://poll.fm/13300165https://poll.fm/13300165 I’ve been favoring two potential Elliott Wave Counts for the SPY/SPX. The count shown on the SPY chart below is calling for a more modest pullback. This count presumes intermediate waves (1) and (2) are already complete and now … Continue reading

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MSTR Trade Set-up

Like TSLA, MSTR has seen a deep retracement. Also, like TSLA, MSTR has a nice long set-up where the pullback is a perfect abc where a=c in length.

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TSLA Trade Set-up

TSLA has been taken behind the wood shed; but, a possible long trade set-up is available. This pullback clearly looks corrective. And, it appears to be a perfect W,X,Y,X,Z move down. W and Y were of equal length. Now, Z … Continue reading

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Year End Review Part II: Up 57.4%, ~$879,000

NOTE: A NEW PASSWORD WAS SENT OUT FOR JANUARY 2024, please check your emails and let me know if you didn’t receive it.  Happy New Year to all my subscribers and to any who might be considering subscribing. For those … Continue reading

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Weekend Update Part 1: BTC and ETH

BTC has broken through its 38.2% and 50% retracement levels and is now poised to test the 61.8% level of ~48k. As I have noted previously, this test is typically followed by a retracement to the 38.2% level, ~36k. If this … Continue reading

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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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