Unchained_Trading

Unchained_Trading

Very nice looking long entry on Polkadot. Nice looking leading diagonal wave 1. Good sign of buy support at the 0.618 Fibonacci level, however a leg down further to the 0.786 level is possible - in fact, I think it should be anticipated. s3.tradingview.com Next, I expect the bulls to push to retest the highs after this...

Unchained_Trading

Fantom flirting with a breakout in momentum as well. Keeping a close eye on it. Macro target aims for $30.

Unchained_Trading

Potentially a beautiful breakout on Solana's Daily momentum into bullish control. If it holds support, targets range from $500 - $700.

Unchained_Trading

If momentum is held above bearish control, a bullish breakout is very likely. s3.tradingview.com Here, Bitcoin seems to be forming a leading diagonal. If we see some strength to the upside, very bullish macro targets with very nice confluence should lie ahead. s3.tradingview.com

Unchained_Trading

In terms of an investment, my bias leans heavily bullish on what Polkadot will eventually bring to the table. However, there is a potential trade opportunity developing on the daily chart. Reversal divergence printing on the Daily RSI. Daily momentum is likely to test Bullish control. If it is sustained, targets range from $100 to $600. ...

Unchained_Trading

Given the global uncertainty right now, it is entirely possible that these indications will not translate into Bitcoin's structure. However, I felt it should be noted that Bitcoin's daily momentum appears to be developing strength. The derivative oscillator in the bottom pane indicates a shift in momentum. A shift right here in momentum would allow the relative...

Unchained_Trading

Following this structure since originally shared on 10/18/21 has been beautiful and truly has been a testament to how powerful a purely technical perspective can be. Fundamental analysis has its place and I find those, who can perform fundamental analysis accurately, admirable - so by no means do I discredit it. But if I could give only one piece of advice when it...

Unchained_Trading

It goes without saying that, fundamentally, Gold is extremely bullish. Given the current sentiment regarding the global economy, the conditions to have an investment in gold could not get any better. These fundamentals are backed perfectly by technical analysis as well. Momentum looks primed for another to push gold much much higher - ranging from a more...

Unchained_Trading

Bitcoin appears to have broken down as forecasted nearly 1 month ago on October 18th. From here I will be looking for a Macro reversal in the $36k - $47k region, prior to proceeding to our $100k+ Macro target. - We will need to wait to see how this follows through to the downside in order to determine if Bitcoin will continue to range outwards in a complex...

Unchained_Trading

The Bulls stepped in and flexed their muscles. However, simply providing their attendance isn't enough to facilitate a breakout, at least not yet - although it does show us they are still here. Bitcoin has now entered into complex correction territory. This means that, even though targets can reach as high as $78,688, it isn't necessarily indicative that we...

Unchained_Trading

Bitcoin is currently at a very critical moment testing Bullish control on the Daily chart. At the moment, Bullish momentum is weak - creating a Bearish Divergence. In order for the Bulls to take the wheel, they need to push this into overbought conditions - creating a buyers market. Contrary to popular belief, in overbought conditions, the price needs to go up...

Unchained_Trading

Bitcoin has continued to move perfectly within the structure that we had laid out in January. The structure remains healthy and intact. From here I see two scenarios: A continued Correction, similar to what I shared with Ethereum recently, followed by a continuation of the structure upwards to new highs: The...

Unchained_Trading

I don't trade pairs against Bitcoin very often, but taking in the fact that Bitcoin dominance is capitulating into consideration, we could have a great long opportunity in Ocean against Bitcoin. The same warning for any alt-coin stands, but even conservative targets are a significant gain. However, alt-coins typically tend to trade over-extended, bringing much...

Unchained_Trading

Potential long opportunity in Fantom. The structure is invalidated if it breaks below $0.53. As with any alt-coin, this carries significant risk. However, if the structure is maintained, the reward is substantial. Fantom is a project that I got into during its infancy as a long term investment, believing it would be a much more scalable version of Ethereum. The...

Unchained_Trading

Really, not much has changed since my last post. I have been spending much of my time in the Defi space over the last few months - the place where you either come out a degenerate or a much wealthier individual. Which, in my case, only time will tell. I'm considering setting up a twitter handle for Defi or maybe even a Telegram group to help maintain my sanity...

Unchained_Trading

Over the course of my brief time away, the Cryptocurrency markets have entered a great divide. Bearish sentiment & panic runs rampant among one side, while the other remains headstrong & calm that we are simply in a corrective phase of a much larger bull market. This is the first true correction that we have seen in Bitcoin this entire run up - so the appearance...

Unchained_Trading

Bitcoin appears to be breaking out as expected. The structure on smaller time frames remains the same - with the same targets. A breakout potentially opens the door for another opportunity for entry at the completion of the second wave. This structure begins to break down below $57,500. The daily looks to be breaking...

Unchained_Trading

DefiChain is setting up for a potential Long opportunity at the .618 Retracement @ $3.07 with a more conservative leaning target at the 1:1 extension @ $3.88. Stop Loss below the previous low.