jlantrip

BNB BTC macro view

Long
jlantrip Updated   
BINANCE:BNBUSDT   Binance Coin / TetherUS
After the first market cycle BNB has had a healthy correction and has shown relative strength despite the continued correction of BTC. The count was very tricky at the beginning with truncated C waves and expanded flats but this looks like a good count currently. Hard to say how it all goes down with BTC but there are plenty of alts that are setup very nicely and I personally dont think those setups will disappear.

Comment:
I realized I had a numeral out of place. Here is the extension on the 1 wave that shows the 3 target more clear

Comment:
This would imply a bullish summer ahead. with a larger correction(4 wave of the larger 3) potentially taking place in the fall though not as deep or protracted as the 2 wave was.
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