alphahorn

alphahorn

Haven't updated since the leading diagonal completed and BTC broke up through it. Looking for a nice run up to the 78.6% retracement level. But I won't get too cute trading it and will begin taking chips off the table around the 61.8% level or placing stops at that level waiting to see what happens from there. Will it top out at the typical rebound level of...

alphahorn

Haven't updated since the wave (A) low when I showed what I believe to be the roadmaps for BTC and LTC. So far so good as BTC continues to channel nicely. I'm looking to stay long unless either the lower channel trend line is breached or until BTC reaches the 61.8% retracement level where I'll begin to unload my longs and be out completely by the 78.6% level....

alphahorn

I plan on trading LTC the same way as I'm trading BTC. It too looks like it has traced out a leading diagonal for intermediate wave (A) and if so should retrace 78.6%ish for intermediate wave (B). These wave (B) retracements following leading diagonals generally don't waste time. My plan is to exit on either a new low on the downside or if I"m correct, then by...

alphahorn

I haven't posted since the leading diagonal completed, but here's my update. Since it's a daily chart the wave count is compressed; so, if you want to see it in more detail check out my earlier post. I'm still looking for BTC to put in a deep retracement of the move down and I plan on remaining long until either the low is taken out on the downside, or should we...

alphahorn

Posted this last week, but there was still a bit of work to be done to complete the leading diagonal for BTC. If this count is correct, then intermediate wave (A) of primary wave two looks to be complete. From here we should see an impulsive move up that retraces around 78.6% of this move down from all time highs for intermediate wave (B). Once wave (B) is...

alphahorn

This entire move down qualifies as a leading diagonal for the intermediate (A) wave of the primary wave two correction for BTC/USD. If this turns out to be the correct count, then we should see a very steep impulsive move up that retraces 78.6ish% of the move down to current levels for intermediate wave (B). Once (B) is complete, we'd see an epic drop in...

alphahorn

The long awaited target for BTC has been reached and is providing support. The yellow rectangle off the (B) high marked the target, see also red dashed line. This was the line I drew in the sand at the time of the wave (B) high, see Jan 10th post. Easy place to put a stop below the line, nice odds for a profitable trade.

alphahorn Updated 

According my wave count, I believe primary wave has completed for BTC. The question now is whether or not a relatively shallow primary wave is complete, or will we see a more typical 50%-61.8% retracement in primary wave . On this chart, there is a bearish gartley hightlighted as well as an A=C target zone (see yellow rectangles). The key support line is...

alphahorn

It's early, but BTC is mounting a case for a double bottom, which could mark if not the end to the pullback, at least the beginning of a sizeable bounce here. Let's see if it can push up to 13,000, then we'll revisit the possibilities

alphahorn

BTC is looking more and more like its headed toward a bearish resolution. Typically following a major bottom as per the bullish count that primary wave two had concluded, we'd see a V bottom with a pretty steep beginning to primary wave three. This has been anything but. Plus, the continued lower highs and higher lows points to a triangle pattern - consistent...

alphahorn Updated 

I believe we are about to reach the critical inflection point for BTC. On this chart I show two possible Elliott Wave counts. The red count presumes a bullish resolution and a completion of BTC's 2nd primary wave. It depicts the very beginning of its next primary wave off to a minor 1, minor 2, minute one, minute two beginning. Interestingly, both first waves,...

alphahorn

I'm currently long ETH and contemplating moving to cash if it doesn't break up through the upper triangle line in the next several hours. While BTC has already completed an intermediate wave (A) and (B) wave and may be near completing if not already completed its final (C) leg of its pullback, ETH might only now be completing its (B) wave in the form of a...

alphahorn Updated 

Per my post last night and earlier today, I was looking for a bullish resolution to the BTC pullback. After the leading diagonal for 1, I was looking for a very deep retracement in 2, then a confirmed breakout which we just got. I'm now long BTC

alphahorn

ETH just crossed key resistance and now let's see if it can push through the 61.8% retracement level at 1169 that proved too tough for the first leg up off the lows. If it can, then we should see new highs for ETH.

alphahorn

Looking for an entry to BTC and I'm focusing on the yellow elliptical are representing the breakout zone for the recent downtrend.

alphahorn

I love trading because the markets are the one true dynamic, ever changing, puzzle. As they change, so must we. I'm offer another perspective that will have a very immediate bullish resolution if it is correct. This wave count shows a leading diagonal for minor wave 1 of intermediate wave (1) of primary wave three. The pullback ended, then a 5 wave leading...

alphahorn

Well, my original prediction looks like it will be the correct one for BTC. Last night it looked like an abc completed the pullback with positive divergence, but by morning that had been wiped away. The A=C target for primary wave two is shown with the shaded rectangles. The gartely measures under 8,000.

alphahorn

Earlier tonight I called the bottom for BTC and off to new highs as minor wave 3 unfolds of its new primary wave three . Like BTC, I believe ETH has completed its pullback, albeit intermediate wave (4) for ETH. I don't see lower lows for either BTC or ETH. I'm long and content for now.