Unchained_Trading

Unchained_Trading

The correction we mapped out ended up playing out perfectly. Now Ethereum looks finished with rejection at the 1.27 to form an expanded flat. Shorts are looking good on a pullback. Primary targets are $347-$325.

Unchained_Trading

The move came up beautifully, but much faster than anticipated. It still appears to be moving up in corrective fashion, so my primary target will be the major area of confluence around $12,500. However, I wanted to note that we do not need to make it there - this could be finished and ready to move down. In the event of this possibility, I have already began...

Unchained_Trading Updated 

Mapping out how I would like to see Bitcoin play out the next few days. 2 Hour: Breakout of a B wave triangle. 4 Hour: Retest of the Bullish Control Zone to create Bearish Reversal Divergence. After rejection, find support at the Bearish Control Zone to create Hidden (Continuation) Bullish Divergence.

Unchained_Trading Updated 

We rejected at the 1.27 and it appears that Ethereum is setting up for another leg to the downside. As of now, what we saw was a perfect 3 wave pullback, making it more and more difficult to make the case for moving up impulsively instead of moving up correctively. It will depend on what kind of move we get to the downside here, but my primary target for support...

Unchained_Trading

After finding resistance at the .236 Retracement, it appears that Ethereum will follow through down to the .382 Retracement at $418-$419 in confluence with 1.27 Extension of the current ABC. Following this, I expect ETH to proceed higher to $448, if it prints a truncated 5th, or to the $460 region in order to complete the 5th wave. This could potentially present a...

Unchained_Trading

Chainlink has gone parabolic. Targeting $22. I closed out of my position and stopped tracking it at $10 with zero expectation for it to extend this high. It will pullback eventually and when it does, it will be glorious to see. But, right now, LINK is looking exactly like any alt-coin in 2017 - when extending 400%-600% was nothing out of the ordinary. Will LINK...

Unchained_Trading

The last chance for rejection will likely be coming within the next few candles. Pretty unconvincing for a breakout - at least in Bitcoin. But it's made it this far. Line of death sits at $12,080. Decided to push macros into the weekend. Going forward, I plan to update macro charts every Sunday and doing market scans across all the coins I have been following...

Unchained_Trading

Momentum is still struggling to break out. Has printed Bearish Divergence on the 4 hour. Still has not tested/broken the 1.27. Putting some long term macro cycle counts together this afternoon.

Unchained_Trading

4 hour momentum rejection - indication of bearish control. Could see some nice opportunities in alt/BTC pairs since alt-coins are looking much stronger.

Unchained_Trading

Litecoin is by far the most corrective of the high-cap coins. However, it will follow BTC in direction.

Unchained_Trading

Cardano appears to be the clearest on moving up correctively

Unchained_Trading Updated 

Until the 1.618 is broken, my bias is corrective. But if BTC continues up impulsively here, it would be targeting roughly $12,418. This scenario would validate my aforementioned fifth wave from my previous time analysis. Following $12,418, we would begin the correction down to $10,100-$11,000 that we were potentially tracking earlier. This would make up the...

Unchained_Trading

Bitcoin Cash impulsive count targeting $317

Unchained_Trading

Ethereum impulsive count targeting $468

Unchained_Trading

Nothing has confirmed to have broken down yet, but nothing has broken bullish. As of now this is all still corrective. Longs did well this afternoon but take profit sooner rather than later. Re-entry is always possible. ETH looks the best for a breakout in my opinion, the rest don't look as great. Working out some bullish counts now. BCH LTC ADA

Unchained_Trading

Full breakdown of XLM. Massive breakout looming. Intermediate target of $0.35. Invalidation for breakout is a break below $0.09.

Unchained_Trading

QTUM appears to be forming wave one of a new impulse up. I'll update with targets once this first leg fills out

Unchained_Trading

Looking at a similar structure in LTC targeting $61-$65