Unchained_Trading

Unchained_Trading Updated 

Our top from August 31st is following along very nicely thus far. Let's update some of the key points have developed and find out where we are potentially headed. Daily The momentum on the daily timeframe followed through beautifully with a breakdown into Bearish Control. In order for continuation, the bears need to step in to prevent momentum from breaking...

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XRP appears to be setting up for a nice short entry above $0.26. Some alt-coins like XRP, DASH, LTC, and BCH appear to be moving significantly faster than Bitcoin. If they stay on pace, targets could end up looking much more bearish for this group specifically.

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If we get another hit up to $74, it could potentially make a nice short entry for Dash. Otherwise we could be ready to roll over for the completion of the W subwave.

Unchained_Trading

Cardano is still moving along nicely with our correction so far with likely one more push higher. But it looks like we will have one more hit lower before testing higher.

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Ethereum looks like we will see another leg to the upside with a primary target of $410. However, there is a pretty decent amount of confluence around $420. But it needs to get moving if it's going to take another shot higher. Otherwise I will be leaning towards another leg down to $360 before challenging anymore upside.

Unchained_Trading

Alright guys I wanted to get these short term updates first before I updated the macro. These are the two potential scenarios that I'm watching for. The first being that the correction to the upside is finished and we have started the first leg of a complex correction to the downside. We would be trading inside of an expanded B wave. This is invalidated on a break...

Unchained_Trading

Bitcoin cash looks potentially finished and could be ready to roll over. There could potentially be another hit to around $240, but upside is limited. Once the floor at $140 is lost, it could free fall to potentially as low as $60.

Unchained_Trading

Cardano is laying out a pretty clear path for the rest of the Alt-coins here. I'm looking for another leg up potentially to around $0.105 before beginning the final leg to the downside. The macro correction is not finished - we still need one more leg down that is symmetrical to the first.

Unchained_Trading Updated 

It looks like we could potentially bounce up again here. If so, I'm looking for ETH to retest $400 - $405 before continuing down to $250 - $300. What's most important to highlight here is the overall structure. Everything is clearly 3 waves here. It is corrective - this is neither a breakout nor bullish.

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I'm still holding short so this is not my preference, but I don't control the markets, I just watch them. This is a possibility that I'm watching in case this trade ends up running in the opposite direction. And my finger is on the trigger for it. From a technical perspective, Bitcoin should have already come down and is still showing strong signs of reversal. But...

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Whether Bitcoin and the S&P are or are not correlated has been a hot topic for years and is not something that I want to get into. However, both the equities rally as well as the cryptocurrency rally look finished. Bitcoin symmetrical triangle. S&P broadening triangle. Looks like a painful few months to come.

Unchained_Trading

A roadmap for Tezos in the intermediate term using time analysis. Looking for short entries around $3 if we make it up there.

Unchained_Trading

It's been awhile since I have done an analysis for Litecoin, but if I had to pick any coin that paints the clearest picture for the rest of the market, this would be it. The symmetry couldn't get any better. 3 measurements of confluence to the same price targets. 3 measurements that point to the same confluence in time. All show that Litecoin will have a very...

Unchained_Trading

The show goes on for Link. 3 potential targets. $15 - $16 are the corrective targets as there is a chance that this correction can drag out until October 3rd. Otherwise, this fits the minimum criteria for a textbook 4th wave retracement with the primary targets of a terminal 5th wave at $19.90 or another move higher to $24 - $25. Breaking beyond that is when we...

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Dot looks like it's breaking down for its final leg of the correction.This is a B wave so it could always potentially extend higher, but for me personally this is a great area to be looking for short entries.

Unchained_Trading

Potential major short opportunity in Ethereum. If we see rejection in Bitcoin, targets are $250 or $200 on the more extreme side.

Unchained_Trading

Bitcoin looks finished with an extremely close invalidation point of a break and close above $10,820. The C leg can reach up and reject at the 1.618 but it cannot close above it. If we see rejection, I'm looking for a larger move to the downside like this: Looking at the daily, the only way that we can see more upside is correctively like this: However,...

Unchained_Trading

Potential for a decent long opportunity in Dot.