Bullish until February 13:
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Target: Weekly Pivots R3 @ 0.00385Note
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Piercing Pattern created horizontal support.Trade closed manually
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I think BNB is going into BTC.Note
From:To:
Trade active
I think there may be sufficient evidence that BNB will make a higher run now.Note
Jump in!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:
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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.
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I'm looking at a deeper pullback now to test Weekly Dark Cloud Cover support.Trade active
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Morning star on SMA 9 at 0.236 Fib. Will attempt to overcome recent high.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.Trade closed manually
BNBBTC 1H Potential Bearish Divergence.Rule #1: Don't lose money.
Rule #2: Remember rule #1.
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1H BB Bottom / MA 50 may be an interesting place to enter.Note
BNB appears to be in the 15m markdown phase. Find more interesting trading opportunities.Note
Potentially interesting long opportunity:Trade active
BNBBTC [4h] - Hammer in Sweetspot.Note
BTCUSD & BNBBTC 4H:Note
BUY BUY BUY! (BNB)Trade closed manually
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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.