Unchained_Trading

Unchained_Trading

Most likely going to scalp trade it up to $7545 and adding to my short for the way down

Unchained_Trading

Expecting a small pullback and another test of the high...Great volatility for trading today and $7450 would make a fantastic short entry

Unchained_Trading

Looks like the last opportunity to get shorts in. Might get lucky enough to get $7,350 unless we go down from here

Unchained_Trading

This is the reason why flats should be your best friend. It's been the go-to move every time for market makers so far this year yet it still consistently wrecks traders who think we are headed up. The market gets pulled down to get everyone thinking short, then shoots up to stop out short traders that were late to the play to trap them into playing long, only for...

Unchained_Trading

Still holding short until bullish price action. It has formed a running flat, but remains in a downtrend so ultimately I'm still bearish. Be aware that if price action becomes impulsive to the upside, it could have an upwards break. But personally I'm remaining short until the charts reflect differently.

Unchained_Trading

Broken channel. Still holding short. If we fail to come up and retest $7,200, it's likely down from here.

Unchained_Trading

Looks like we are headed down. ABC appears to be finished. Could potentially retest $7,400 for an expanded flat, but B looks to be impulsive to the downside and we have broken the trend-line. Very confident that it is highly likely we have a pretty heavy dump, but pay attention to volume. It's worth consideration that this pump appears to be out of the ordinary...

Unchained_Trading

Difficult price action today but if this triangle is accurately placed, it means we are in wave four and about to head down for wave 5. Likely targeting $6,600-$6,700

Unchained_Trading Updated 

Expanded flat with bearish divergence. Looking to open a short around $7,400-$7,450

Unchained_Trading

Invalidated expanded flat. Looking at an ABC correction before further downside. Looking for short entry around $7000-$7100 depending on price action. Currently long waiting to take profit at the next high around $6,930-$6,990 followed by a scalp short to $6,550-$6,700 and lastly a scalp long to $7,000-$7,100 to open a short. Things have been moving beautifully so...

Unchained_Trading

Looking like an expanded flat could be headed down hard

Unchained_Trading

Support on the 1.618 and wedge on the RSI

Unchained_Trading

Added onto my long trade on the dip. Extremely risky and not recommended but its looking like we are getting a good amount of pushback on this dump. If it pays off, it will likely be a short term trade.

Unchained_Trading

Looking to take profit from my scalp long around $6,760 and most likely open a short. May not be a bad trade to ride the 5th long and take a short at the top

Unchained_Trading Updated 

Looking for a potential short term long at $6,500 up to roughly $6,800-$6,900. We are due for a bounce and the bears are getting exhausted. Depending on price action I will assess the potential upside target as we progress into the potential trade.

Unchained_Trading

Looking at price action and not seeing much from the buyers. RSI is oversold and we are in a serious buy zone yet volume is next to none. Dangerous times for BTC. I'm keeping my eye out for a good short entry but also watching out for buyers around $6,500-$6,700. With where we are we could see a flood of buyers at any moment, but if we don't I'm anticipating a...

Unchained_Trading

Earlier this year I had charted out a WXYXZ formation from $14,000 and finishing at $5,000. I want to go long just as badly as anyone else, but with what I see potentially playing out right now looking to be in sync pretty nicely with what I was feeling a few months ago, makes me lose confidence if long is really the right play here. In the intermediate term, we...

Unchained_Trading

Possible 5-3-5 count or a 3 count. If it's a 3 count, targeting $6,612. If its a 5 count, counting on one more hit to the low $6,800-$6,750. Personally I like the shape of a 5 count more but a 3 count lower cannot be ruled out. Stay safe, complicated count out there.