#BinanceCoin #BNB #BTC #Ichimoku #BTFD - Approaching Opportunity
Updated
BNB has outperformed my expectations over the past few months. I sold quite a bit on a run up, only see BNB continue to fly. Considering Binance as an exchange and the structure of the token itself, I'm considering BNB as a longer term hold. I have been waiting for a good entry and one started to develop yesterday.
Will keep an eye on price action and look to place first buy orders at the bottom of the ichi cloud (~0.00145). From there, assuming we in fact get there, I will make decisions regarding next buy levels. Always good to have some orders much lower to catch the wicks.
In summary, there's an Ichimoku edge-to-edge play active right now on BNB/BTC (4 hour time-frame). I will prepare for entry into BNB on the assumption the set up will play out as indicated. That starts, for me, with a limit buy set at 0.00145
Not financial advice. Good luck all.
Will keep an eye on price action and look to place first buy orders at the bottom of the ichi cloud (~0.00145). From there, assuming we in fact get there, I will make decisions regarding next buy levels. Always good to have some orders much lower to catch the wicks.
In summary, there's an Ichimoku edge-to-edge play active right now on BNB/BTC (4 hour time-frame). I will prepare for entry into BNB on the assumption the set up will play out as indicated. That starts, for me, with a limit buy set at 0.00145
Not financial advice. Good luck all.
Trade active
Pretty strong support at the current level. I expect it to break. BTC ready for that moment. Don't thin BNB is going to hover at the current level and test support a dozen times. Expect to see this thing drop. Bearish short-term. Bullish long-term. Looking to buy BNB when it goes on sale.Trade active
Target reached. Looking to pick up BNB for a long position. Will add some in this area, but probably 25% of desired position. Awaiting confirmation we won't see BNB go lower. Keeping an eye on RSI, RVGI, Stoch. Note
Well, looking a the 6 hour, this dip might not be done. I will add 5-10% of desired position here. Looks like we may see an edge-toedge completed on the 6 hour. Buy target 2: 0.001385
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