Binance Coin / BitcoinUpdated BNBBTC - Chart Analysis
Updates following..
Note
BNBBTC has had massive gains since release, +- 5000%! Wave Analysis says we are looking at a reversal from here to test the IV pricelevel, another indication that confirms this is that we broke down from this larger logarithmic support trendline. Strong advice to take profit! Looking to re-enter at IV, thus 8300-9000 level. We will see a bounce at the iv of the intermediate final wave (13800-14200, can be a scalp with proper stoploss).
MACD indicator also looking somewhat bearish.
Please leave a like and/or comment and if you want you can also follow my Telegram Feed which has many more updates (Tradingview can be kind of annoying scrolling through long update walls) and there is also a casual chat where everybody can talk about trading related content!
PS: Just join it, helps me out :D
Good luck trading, may the trading gods be with us!
-TheTrex
Note
It is possible that BNB still wants more up but this should then in a longer sideways with a consolidating top and bottom support line.Trade closed manually
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.