discobiscuit

discobiscuit

Technical analysis of DJT. My current count has price in wave ((3)) of v, with bullish action likely for next few months/years. Valid for price above 14547.90.

discobiscuit

Technical analysis for US500. Impulse from 5 August 2024 low playing out. Bears see price stopping below 6197 to complete wave (5). Bulls see extended impulse and median line of pitchfork as target.

discobiscuit

Technical analysis of BTCUSD. Bulls see double-three (green), bears see leading diagonal (red). Key support 66824.69.

discobiscuit

Technical analysis of US500. The key support in this analysis is 5088.9, the 5 August 2024 low. For the median (red) line of the pitchfork to be tagged, wave ((5)) will need to be expanded; therefore, price would now be in wave (2) of ((5)), with fib support, pitchfork support, and potential buying area in the 5300-5500 range. The bearish case would have the...

discobiscuit

ETHUSD technical analysis. This count has price in wave ((2)) of iii. This count requires wave ((1)) to have a truncated wave (5). Wave ((2)) would be a zigzag in this scenario, with wave 5 of (C) ongoing and targeting the 2000-2200 price area, where there is .618 fib support.

discobiscuit

Technical analysis of BTCUSD. This count has price in wave ((2)) of iii. Wave ((1)) of iii completed in March 2024. Wave ((2)) could be seen as a regular flat or a zigzag, depending on how you count wave ((A)). Wave ((2)) could also be seen as a more-traditional "cup-and-handle" pattern, with the handle being formed now. From an Elliott Wave perspective, if...

discobiscuit

Technical analysis of BTCUSD. With rejection of price from ATH, this idea imagines price action since March 2024 as a zigzag, with leading/expanding diagonal A, double-three B, impulse C. Next week's election certainly could be a catalyst for such a move. The most bullish C would finish above the A, with strong .618 fib support and pitchfork support in the 58.5k area.

discobiscuit

US500 technical analysis: Price action since 17 October 2024 looks choppy and consolidative. I'm looking at the possibility of an Elliott Triangle Wave (4), and in this analysis would be wave (4) of ((5)) to complete an impulse off 5 August 2024 low. ((1))>((3))>((5)), so in this case price should not go above 6062.1.

discobiscuit

BTCUSD bullish price analysis. Price reclaimed smaller pitchfork and so far remains within it. Remaining within both pitchforks could be seen as a buying opportunity, for as long as it does, ATHs will not be far away. From an EW perspective, there would then be lots of room to take price well above $100k, with ideal target of 143550.63 within the next few months.

discobiscuit

Bearish count for US500. Pitchfork drawn from March 2020 low, January 2022 high, October 2022 low. October 2022 low saw price bounce off .5 fib drawn from January 2022 high to March 2020 low. Price has been targeting the median line (red line) of the pitchfork since October 2022, but it has never tagged it. Price teased above the 0.5 line twice (in teal), once...

discobiscuit

Bearish count for BTCUSD. This count envisions an ending diagonal to complete the b wave of an ABC zigzag. Wave a was a large, expanding, leading diagonal, wave b was a double-three. For this to be valid, 69493.20 will need to hold as resistance, and 58897 will need to break as support with impulsive price action. Certainly strong risk/reward opportunity for shorts.

discobiscuit

Complete count for ETHUSD. If ETHUSD has bottomed on 5 August, I think this is how you have to count it. The truncation would be unusual, but I think that is the only way to get a complete impulse from June 2022 bottom. Price bounced off of .618 fib on 5 August and has held within pitchfork ever since. Lots of room to run if bulls can take price towards median...

discobiscuit

Bull and bear counts for BTCUSD. Kind of busy chart, I apologize. From 64802 to 69487, it looks like price has formed a contracting diagonal. Today's low tagged .618 fib drawn from 69487 to 64802. Bearish count (red) has an ending diagonal, completing wave c of (y). Neutral count (and probably least likely, in yellow) has price looking for a wave...

discobiscuit

Proposed bear count for US500. This count has price in wave ((5)) of v, with target 5900-6000. Count invalid for price above 6062.1. May be a worthwhile short opportunity, with risk decreasing as price gets closer to 6062.1.

discobiscuit

Comparing SPX and BTCUSD, with a bullish lens. This comparison envisions both are in the same phase of their market cycle. Each had a WXYXZ in their wave (2) corrections (blue) and zigzags in their wave ((2)) corrections (green). BTCUSD's wave (3) needs to catch up with SPX's wave (3), with BTCUSD wave (3) target ~$150000. SPX's wave (3) target ~$6400.

discobiscuit

Bullish count for XAGUSD. This count has price in wave 5 of (3), which would have it tag the median line above 47. Valid as long as price stays above 26.449.

discobiscuit

Bull count for XAUUSD. Bulls looking for continued upward movement in price above 3200 to complete wave 5 of (3) of ((5)). Count valid above 2286.50.

discobiscuit

Bullish count for BTCUSD. This count has price in wave 3 of (3) of ((3)) of iii. Price has been "reacquired" by major pitchfork structures, and bulls are looking for price to continue to target median lines. Bullish hoping to see continued bullish price action over the weekend, with ATHs in sight. This count needs to stay above 66659.55 to remain valid.