Get started
Binance Coin / Bitcoin
Long

4H Analysis: Binance - Buy

By zerocashcool
Updated
Bullish until February 13:
snapshot
Note
Target: Weekly Pivots R3 @ 0.00385
Note
snapshot
Note
Piercing Pattern created horizontal support.
snapshot
Trade closed manually
Note
I think BNB is going into BTC.
Note
From:
snapshot

To:
snapshot
Trade active
I think there may be sufficient evidence that BNB will make a higher run now.
snapshot
snapshot
snapshot
Note
Jump in!
snapshot
Trade closed: target reached
I'm out of BNB until I get a better read on it. This could be a good pullback location.

Possible entry locations:
snapshot
Note
Think of the market movement in waves. Waves give you probabilities. The Monthly and Weekly bullish wave is so strong that the smaller timeframe waves are too weak to pull back into 0.5, 0.618, and 0.786. You chart on lower timeframes and plot fibs on the high and low of swings using candlestick horizontal support/resistance. You plot 0.236 and 0.382 and observe the pullbacks looking for bullish candlestick reversals with matching Western Technicals (moving averages, stochastics, etc).

I've observed that these pullbacks find reversals between EMA 8 and SMA 9. You can look at the behavior of the MAs, crosses, narrowing, and so on to anticipate reentries.
snapshot
Note
I'm looking at a deeper pullback now to test Weekly Dark Cloud Cover support.
snapshot
Trade active
Note
Morning star on SMA 9 at 0.236 Fib. Will attempt to overcome recent high.
snapshot
Note
5H & 6H until 1H/4H DeMark Sell Setups. Reversal from 1.414 accomplished in 0.786% pullback into Morning Star on SMA 9. Next target is 1.618 at 0.0071577.
snapshot
snapshot
Trade closed manually
BNBBTC 1H Potential Bearish Divergence.
Rule #1: Don't lose money.
Rule #2: Remember rule #1.
snapshot
snapshot
Note
snapshot
Note
1H BB Bottom / MA 50 may be an interesting place to enter.
snapshot
Note
BNB appears to be in the 15m markdown phase. Find more interesting trading opportunities.
snapshot
Note
Potentially interesting long opportunity:
snapshot
Trade active
BNBBTC [4h] - Hammer in Sweetspot.
snapshot
Note
BTCUSD & BNBBTC 4H:
snapshot
Note
BUY BUY BUY! (BNB)
snapshot
Trade closed manually
binanceBNBBNBBTCbnbusdBNBUSDTCandlestick AnalysisDM IndicatorFibonaccinisonOscillators
zerocashcool

Related publications

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.