Unchained_Trading

Unchained_Trading

*Not Financial Advice* I've been seeing a lot of improper wave structures around here regarding Bitcoin's bottom/Historical performance. While my page may seem bearish, I just tend to lean towards the more rational side of trading, I still prefer accuracy when trying to apply difficult indicators and trade patterns. And it's inaccurate to say that we are in a...

Unchained_Trading

My last count was invalidated based on today. Adjusted medium term outlook based on price action

Unchained_Trading

I'll likely start posting some of my Forex trades as Bitcoin takes its time to fall

Unchained_Trading

An extended look at the potential path for Bitcoin

Unchained_Trading

Looking for more downside in ETH as well. Looks like it may have went too deep to be an expanded flat, but looks like a completed 3 wave structure. Appears to be on or beginning the third wave to the downside.

Unchained_Trading

Litecoin appears to be the clearest of the counts. Looks to me like we are on the second wave in the process of heading down

Unchained_Trading

Looks to me like we are on the 3rd wave to the downside. Invalidation would be a break of $7,433.

Unchained_Trading

Today was a pretty strange day for Bitcoin. The day started off going as planned, slightly higher than I had considered but we ended up getting the follow through I was planning for. But we hit a wall earlier than expected which could potentially change some things. Firstly we could still be in the running flat and on our way down. Alternatively we could be in the...

Unchained_Trading

Expecting one more slight push to the upside before finishing off the final leg to the downside. It's been forming h/flat patterns all day so I'm expecting the same move to finish it off. Primary target is $7,000 but $6,800/ potential head and shoulders are in play. I plan on closing my short position and riding up the correction to about $7,400-$7,500 before...

Unchained_Trading

Expecting one more slight push down before reversing to the upside for a 3 wave correction

Unchained_Trading

Could potentially be finished/near finished. Watching out for bullish divergence for reversal to the upside

Unchained_Trading

Following Bitcoin to the bottom before entering a long term-Long position. I'm not confident in $6,400 being the bottom, but $5,400-$5,700 should be the bottom. Keep in mind, this will likely take a significant amount of time to actually get there with corrections to the upside in between, but we should not make any substantial moves to the upside before we get...

Unchained_Trading

Looking like an expanded flat. Downside target is $7,100

Unchained_Trading

Waiting for triangle to break to ride 5th leg down. Looking like a good scalp trade to ride the correction up. Likely followed by an impulse down to finish this cycle out

Unchained_Trading

Still dealing with a running flat. We've broken a long term trend line so personally I'm leaning more bearish so I'm still in my short. It's going to drag out, but hopefully we can get a move down to $6,400. However, there is a possibility for an extended 5th leading us up to $7,800-$8,500 depending on how bullish it is. Although not likely, if things turn...

Unchained_Trading

Potentially closing my short and thinking about going long after this last leg down depending on price action

Unchained_Trading

Looking like a high probability to finish this correction out around $7,750-$8,100. However, I still believe that short is the best move here. I’m still holding my original short position until the flat is invalidated but I’m looking to exit my scalp long trade around the 1:1-1.276

Unchained_Trading

Ethereum looks very corrective with rejection at the 1.618 and looks very much like an expanded flat, yet there aren't any clear signs of it being exhausted. Hidden bullish divergence but would be cleared with failure to break higher. Paying close attention to price action near the trend line, a break below it would trigger a breakdown in price action.