discobiscuit

Bullish case for XAUUSD.This count has price in wave 5 of (3) of ((5)).Based on how price has responded to the pitchfork drawn, I am anticipating the upper boundaryto see profit taking and be the end of wave (3). Measured moves with Fibonacci could have price challenge $3300-3350 area if upper boundary is not resistance.Anticipated wave (4) to be a zigzag down towards $2600 (recession in 2025?).If all this plays out, I would expect wave (5) of ((5)) to be quite exaggerated (think 1976-1980's 773% increase), with target north of $10k by 2030.

ETHUSD technical analysis.Bears targeting median line (red line) of larger pitchfork by the end of August 2025.Median line of smaller, bullish pitchfork never tagged, Hagopian line acted as support at blue arrows, now breached and acting as resistance.Key levels/support at 1071.11 and 879.80, as well as parallel channel support.

Technical analysis of ETHUSD.Bullish analysis, with price displayed in wave (1) of ((3)) of iii.Wave ((2)) of iii displayed as completed double-combo wave (W as expanded flat, X and Y as zigzags).Key support is 2913.75.

Technical analysis of ETHUSD.Bearish count sees large regular flat from ATH, pitchfork drawn from ATH, A, and B.C wave would be in its wave 3, with target ~2000.Wave 2 was a zigzag with Elliott Triangle wave b. Wave c of 2 tagged .618 fib drawn from B at 4104.56 to end of wave 1 of C.Smaller pitchfork drawn from B, 1, and 2; convergence with larger pitchfork below A at 880.03, which is where this analysis suggests price is going.

Two bearish counts for ETHUSD.This technical analysis sees price action from 4104.56 to 3098.95 as a completed impulse wave..5 and .618 fibs drawn/projected from high pivot of 4104.56 to low pivot of 3098.95.Corrective price action off 3098.95 low to present time, counted as zigzag with Elliott Triangle wave (B).Less bearish count has larger zigzag structure (in green) with ((C)) targeting the 2000-2500 area.More bearish count sees a wave ((3)) targeting the 2000 area, with wave ((4)) completing below wave ((1)) low of 3098.95 and an eventual wave ((5)) targeting the June 2022 low of 880.03.

Technical analysis for XAUUSD.This Elliott Wave count has price in wave (iv) of primary wave V.Wave (ii) was a long regular flat, wave (iv) in this case would be a relatively short zigzag, with the c wave in progress. Would look for the c to end below 2400 but above 2075.135.I would expect wave (v) of V would be quite extended, terminating >4000.

Technical analysis of ETHUSD.This count has price at or near completion of wave ((1)) of iii.Wave ((1)) has completed a five-wave structure.Wave ((2)) valid with price above 879.80. As price never tagged the median line (red-line) of pitchfork, this analysis suggests a deep wave ((2) towards 1000.

Big picture technical analysis for BTCUSD. Price in log scale.EW count has price in wave 5 of (3), with top expected soon.Looking for wave (4) to be quick and head back towards 20k, no further than top of wave (1) at 19804.25.

Impulse wave down from ATH of 69k, wave C of wave 4 correction to complete 28-32k, looking for wave 5 to be sub-10k. Wave 3 is shorter than wave 1, so wave 5 would be shorter than wave 3. Wave 5 would complete impulse wave C of expanded flat that started in Feb '21.Analysis invalid if BTCUSD breaks above wave 1 bottom of 32933.33.

My current BTCUSD EW count. Primary 4th wave complete, 5th wave currently underway.