Get started

Bnbbtclong

Inverted H&S on BNBBTC = great mid-long entry!That massive spike in volume just confirms the indicator of the HNS pointed out in the charting published. We had to have expected some sort of consolidation in an expected (but not so quickly) surge of parabolic movement that may resemble what looks like a bullish pattern (and it very well could be—a consolidation that got derailed then ends up right back on track for continuity. This would be the best and (as far as now goes)feasible market price outlook/analysis for $BNB paired against $BTC as one winds down and the other continues to shatter expectations & break down barriers while shitting on skeptics. *cough* Chicocrypto *cough* I highly suggest you make your entry before FOMOing; hypothetically speaking of course, given that this isn’t financialnadvise in any way/shape/form. Hope you gals & guys are having a good time on this wonderful Friday evening. I’m sitting alone in a hotel room staring at charts smh
Long
by a1mtarabichi
BNB Profit Taking Levels & Retracement Levels To Look For Just some quick analysis on BINANCE:BNBUSD BINANCE:BNBUSDC BINANCE:BNBUSDT Seems to me like a pretty damn good location to start offloading some of your position. - Coming in to multiple key profit taking levels. I.E. ABCD objectives, range extension reversal zones. - Markets generally don't move in a straight line for long periods of time. - Overbought / parabolic market. - Waaaay above value based on real volume distribution. Real 'value' for this asset isn't until about $10.92 which lines up nice with a 78.6% retracement relative to the previous cycle's trough. Not financial advice, but obviously if you're looking to make money in a market like this you really can't justify coming in and buying BNB right now. To me this looks like the end of the move more than the beginning of the move. I'm NOT saying this is the top of the market. Not saying that at all. We could easily go higher. I'm just saying we're clearly in a parabolic market and coming in to levels where a lot of smart positions traders are selling. If/when the market moves higher we'll need to readjust our fib levels to paint our Key Reversal Zones (green boxes) a bit larger and a bit higher. Just my two cents. This isn't a trade setup. Just wanted to point this out on the BNB chart because its price action is quite different than all the other assets in the space. Want to learn the basics of technical analysis, risk management, setups, and the fundamental principles of profitable trading? Check out our Level 1 course. Giving it away for free right now for Tradingview users to beta test over the next few weeks. Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money. Use discount code 'Tradingview' - learn more and get a free course preview here education.truebinary.io Cheers, FromTheEth
BINANCE:BNBUSD
by bitflip01