11/2/21 - BTC Update

 Based on BTC futures' new closing high, I tweaked the count to account for two more bullish options for BTC. 

The primary option:  

I see a legitimate five wave count complete with the recent new closing high at 67060 on 10/20/21 to wrap up wave [5]*.  

* One concern I have with the count is how to account for the wave structure for wave [4]. Initially I labeled the move as a five wave structure, which it still clearly looks like. For now, I will treat it as a w-x-y corrective.

However, I suspect this leg is not complete so the two options below will help account for a push higher past 67060.

Option 1: Wave (1) of [5] has only completed off the June 2021 low.  

Option 2: A more bullish option is that we are still only in wave [3] with wave (3) of [3] yet to come.

Shouldn't be too long from now to see the signal. Either BTC breaks out higher or retreats deeper into the 30,000 - 63000 range to continue forming wave [4].

BTC - Daily

9/30/21 -

Been a while.Some updates since my last post in May and April. 

 

Since my May update, I was looking for the completion of wave (3) blue. So that looks like that may be the case. The market consolidating up here and near the 200 day moving average (~4120) would be consistent with a wave (4) pullback. 

 This would also make for a Fib 38.2% retrace of wave (3) as well. So let's keep an eye on the wave structure between the 4545 high and the 200 day moving average. 

SPX Daily

 

Since my last BTC post I was looking for a wave (b) bounce for wave [4]. So far that has occurred and now appears that wave (c) is in progress. Wave (c) can take on any form so will just keep an eye on the range between the wave (b) high and wave (a) low for signs of further corrective consolidation to wrap up wave [4]. 

BTC Daily

5/21/2021 - EOD Update

Looks like wave 4 of (3) is in progress or near completiong. Pay attention to the alternate in orange. Perhaps (3) is almost near completion and waiting on it's wave 5 to come very shortly.

4/27/21 - Crypto Anyone?

[UPDATE] - Lets use our normal charting tools.

 

BTC- Daily

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I may start posting counts for BTC/ETH. Let's see how this plays out. 

The alternate corrective count is in red.Lets keep an eye on 57k.

BTC - Daily

4/24/21

 No big changes to the count. Still looking for wave 3 of (3) to complete. I did add an alternate count in orange. Near term (see 60 min chart below) looks like a potential triangle playing out forming the basis for a wave four.

SPX - Daily

The possible wave four triangle:

SPX - 60 Min

4/9/21 - EOD Update

 No change. Looks like (iii) of iii of 3 in progress.

SPX - Daily

3/28/21 - Weekend Update

 Since my last post, I left the possibility open that the pull back on 2/5/21 may have been a wave iv for wave 1. Looks like that was the case and with the updated chart below, I have wave 1 and 2 complete with 3 in progress now. 

SPX - Daily

2/5/2021 - EOD Update

Since my last post I was looking for wave c down for wave 2. Looks like we got it as the market pulled back and tested the 50 day moving average and has since made a new all time high. 

Seemed a little too quick for me so I will leave room for the possibility that the pull back could have been a wave iv pullback for wave 1 that may not have completed yet. SPX 4k is within reach so we'll see if it gets there first before a larger pullback or just continues to climb higher past 4000.

SPX - Daily

1/28/2021 - EOD Update

Looks like things are going as planned. Since the last post, I speculated that wave b may bounce and test the underside of the ending diagonal. It did that today and was rejected. Will assume wave c down of 2 is underway. 

SPX - Daily

SPX - 60 Min

1/27/2021 - EOD Update

 Looks like the ending diagonal played out as I was suspecting. So far the break down from the ED looks like five little subwaves for wave a of 2. So I expect a wave b bounce may test the underside of the ending diagonal before a wave c down to complete wave 2. 

Some targets for wave 2:

1. The 50 day SMA near 3700

2. The 3600-3700 zone testing the breakout area during the Thanksgiving week.

SPX - Daily

Here is the close up of the ED and the mini five subwaves for wave a of 2. 

SPX - 60 Min

1/22/2021 - EOD Update

HNY all. I cleaned up the degree labeling a bit. Looks like there could be an ending diagonal forming to wrap up wave 1 of (3). 

SPX - Daily