Binance Coin / TetherUS
Short
Updated

BNB shows redistribution characteristics

435
Have a look at classical redistribution schematic. You'll be amazed how similar this is.

2 possibilities. One last up thrust or it's over for BNB.
Note
See the volume spike here. It might be over...

snapshot
Note
It's like saying: "Hey, the moment you feel bullish about this, I'm gonna fucking sell all I have to you."
Note
Not possible, r-right?

snapshot
Note
Bitcoin fucked with your senses so much you can't see the most obvious bearishness.

snapshot
Note
It seems like Binance is the biggest crypto hater. Why they do this while everyone is celebrating the new bull market?
Note
They literally printed the most bearish chart I've ever seen in the midst of a "bull market".
Note
Bitcoin will hold this shit for some time. This little structure shows it.

snapshot
Note
I can see volatility coming for this chart but can't tell the direction yet. Probably down. Seller had a lot of time to sell. That's how I think.
Note
I actually shared a bullish idea about TRX recently which is a similar structure. But details are important. Idk if bullish TRX is possible while BNB goes to zero. It's just charts.

snapshot
Note
So it's a breakout of macro downtrend. Looks like one last round. Expect BNB above 400 soon.
Note
Seriously, who cares about a global casino token? Multi-year bear market is brewing for online gambling.

snapshot

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.