BNBUSDT - Binance - May Exhaust by End of Current Weekly Candle
My thoughts are in the 10 minute video of course. Applied a "possible" Wyckoff Accumulation Schematic to this pair. We "could" be in Phase B of a large Distribution Schematic. However, that will require another video but does not alter the fact that exhaustion is drawing near within the indicators of the 4-Day Time Frame (TF) and Higher TF's.
I'm adding at least one more chart here in comments shortly after posting in order to show my coordinates of my Overall Primary (RED) FIB. So, feel free to check back again in a couple of minutes to look for that chart if you're interested in the Overall FIB (RED) Coordinates.
If you are using Godmode 3.1 Mod with LSMA (LTCUSD), be sure to also add Stochastic RSI "merged" with my Phoneix ARI 1.07 indicator. If you don't have an invite to Phoenix ARI, simply click "Like" on my Phoenix ARI 1.07 Indicator and I'll add you to the "invite" list.
Overall Primary (RED) FIB Coordinates:
I'm adding at least one more chart here in comments shortly after posting in order to show my coordinates of my Overall Primary (RED) FIB. So, feel free to check back again in a couple of minutes to look for that chart if you're interested in the Overall FIB (RED) Coordinates.
If you are using Godmode 3.1 Mod with LSMA (LTCUSD), be sure to also add Stochastic RSI "merged" with my Phoneix ARI 1.07 indicator. If you don't have an invite to Phoenix ARI, simply click "Like" on my Phoenix ARI 1.07 Indicator and I'll add you to the "invite" list.
Overall Primary (RED) FIB Coordinates:
Comment:
IMPORTANT NOTE in Yellow Text Bubble:
Comment:
I noticed I failed to mention what "significance" Preliminary Support has...
Normally (not always) but normally, an Automatic Rally in Phase A will normally go up to or near "Preliminary Support" before falling back down to test actual "Support" in Phase B. With this in mind, we COULD continue higher to that 0.5 FIB at $11.38 before falling to test actual support.
The Daily and the 2-Day still currently show upward pressure is currently in play. However, this upward pressure shown in the indicators in the Daily and 2-Day indicators may turn and show downward pressure at or near the end of this week. Hence, the reason I want you to consider selling soon. You can choose to sell in segments or wait to sell all at once at a point in time of your choosing. I prefer a more conservative approach when selling at or near the top. Especially, if I'm holding a LOT of a particular coin/token and need time to unload before a significant drop.
Normally (not always) but normally, an Automatic Rally in Phase A will normally go up to or near "Preliminary Support" before falling back down to test actual "Support" in Phase B. With this in mind, we COULD continue higher to that 0.5 FIB at $11.38 before falling to test actual support.
The Daily and the 2-Day still currently show upward pressure is currently in play. However, this upward pressure shown in the indicators in the Daily and 2-Day indicators may turn and show downward pressure at or near the end of this week. Hence, the reason I want you to consider selling soon. You can choose to sell in segments or wait to sell all at once at a point in time of your choosing. I prefer a more conservative approach when selling at or near the top. Especially, if I'm holding a LOT of a particular coin/token and need time to unload before a significant drop.
Comment:
In my first comment (underneath the video), I stated, "We COULD be in Phase B of a large Distribution Schematic. However, that will require another video but does not alter the fact that exhaustion is drawing near within the indicators of the 4-Day Time Frame (TF) and Higher TF's."
So, I want to address that comment by saying I've provided "Technical Analysis" (TA) but have not provided "Fundamental Analysis" (FA). It's POSSIBLE BNBUSDT could go parabolic and run up to $20 to $25 price range. If that were to occur, then YES, I would say we are in a Wyckoff Distribution Schematic WITHOUT a significantly long drawn out Phase E resulting in many months of distribution; like what we have experienced with all the other coins the entire year of 2018 and 2014.
Below, is an image of a POSSIBLE large Distribution Schematic with an EXAMPLE of a Wyckoff Distribution Schematic in the lower right corner of that chart for comparison. So, be sure to check out that image for comparison in the following link: i.imgur.com/smY6Q3U.png
Here's that chart WITHOUT the example in lower right corner:
The only way one can really stay in the game without going crazy in the event this does go parabolic and run up to $20 to $25 is to swing trade with Godmode in the 6h and 12h time frames to keep yourself in the game at all times to avoid missing out on that POTENTIAL.
Do NOT assume I'm saying we are in a Wyckoff Distribution Schematic. I'm simply pointing out the POSSIBILITY. Because I've focused on nothing but TA without FA. I have not done ANY research on BNB to provide an opinion for FA (Fundamental Analysis). It's POSSIBLE this could run up to $20 to $25 range on FA alone. But then again, it may not and end up turning down along with all the other coins when they come down.
So, I want to address that comment by saying I've provided "Technical Analysis" (TA) but have not provided "Fundamental Analysis" (FA). It's POSSIBLE BNBUSDT could go parabolic and run up to $20 to $25 price range. If that were to occur, then YES, I would say we are in a Wyckoff Distribution Schematic WITHOUT a significantly long drawn out Phase E resulting in many months of distribution; like what we have experienced with all the other coins the entire year of 2018 and 2014.
Below, is an image of a POSSIBLE large Distribution Schematic with an EXAMPLE of a Wyckoff Distribution Schematic in the lower right corner of that chart for comparison. So, be sure to check out that image for comparison in the following link: i.imgur.com/smY6Q3U.png
Here's that chart WITHOUT the example in lower right corner:
The only way one can really stay in the game without going crazy in the event this does go parabolic and run up to $20 to $25 is to swing trade with Godmode in the 6h and 12h time frames to keep yourself in the game at all times to avoid missing out on that POTENTIAL.
Do NOT assume I'm saying we are in a Wyckoff Distribution Schematic. I'm simply pointing out the POSSIBILITY. Because I've focused on nothing but TA without FA. I have not done ANY research on BNB to provide an opinion for FA (Fundamental Analysis). It's POSSIBLE this could run up to $20 to $25 range on FA alone. But then again, it may not and end up turning down along with all the other coins when they come down.
