Accumulation below 1.40 think this lasts another month of bouncing off 1.40. Can't ignore this setup as it looks similar to 2017. Long and will add. S/L below 1.16. Bio's can quickly turn down off dilution or study results so manage appropriately.
Not my indicator on the order volume. Thanks Simpelyfe. Just trying to work though it. Thanks
$VXX over $BTC. Need $VXX to start coming down to take pressure off $BTC. The $VIX is an indication of fear in the market. The more fear = less money moving into speculative markets. As it looks now, we are headed lower with an extended bear market until equities recover and $VXX starts to fall.
Coin burn announced and BNB is sitting on 99DMA Support. Strong resistance at the 19950 which was rejected quickly after the burn announcement. That resistance and the trendline retace at 38.2 are converging. Right now BNB is stuck between strong support and resistance. I got in this trade at 19300 and feel good, but need to bounce off that 99DMA. As you can see...
Seeing Confluence resistance from Fib Fan 38.2 starting from the March run and 50% retrace from Top. Currently BNB trying to get back into that small wedge, but is facing the 38.2 fan, 50% retrace, and 5D MA. 1 Day MA small Support. I am playing this trade, but don't like it. Scooped up a chunk yesterday at 19300. Only reason I am in this despite the terrible...
Saved Thoughts: Upto 9400 for a touch over 4 days than down to 5700 over the next 4 days on a 4hr timeframe. Total time frame for 5700, 8Days and change. Watching RSI for repeat of trend. Fib Fan Retrace for levels.
Yes, I removed the short call from yesterday and removed a Box of previous repeating pattern. 156 and 157 both converging as resistance if through 156 could squeeze between 1575 and explode upto 170s. MA look to be offering support. No trades on my part sitting pretty. Volume looks pretty static, will look to see if uptick on volume after going through 156 and 1575.
See a repeating pattern from 6th - 10th mirroring current state from 26th - 28th. RSI Similar also, MA Crossovers 20/50. 1 Hr charts after testing .382 Retrace. Might play it safe and exit position and look to buy back in 11.2 - 11.9. Volume falling also will look to buy back in if breaks 15.2K. New to this so let me know what you see these are just my thoughts.
See confluence on the 22nd - 6th fall and 19th through 21st run re-tracement at the 57.5 Support level. Would be a 61% Retrace from the 22nd and a 23% trend up from the 19th. Heavy support with event up coming to test and break 62K as that looks to be major resistance due to confluence on the fib fans and fib extensions. Buying now due to heavy support. If through...
I think this might be the 3rd one I have published on this. Better Look at resistance. Tight Triangle forming will play the breakout 12.8K. Volume Increasing.
Looking at Fib Fans from Day 1 Binance to trough. Volume increasing, tight consolidation.