Tag Archives: stocks

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 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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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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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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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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Thanksgiving Update Part 2: The SPX

I believe we have reached a key inflection point for the major equity indexes. There has been a tremendous recovery since the Spring sell-off. The markets have reached over bought levels and a much needed pullback should be seen in … Continue reading

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