Hello dear crypto friends! Let's have a close look on BNB/USDT today according to technical analysis.
We're currently in a descending triangle on the 4H, which can either see a bull or bear break. When we look at the Daily chart, we can see how the picture can present itself differently. Up to the Weekly, where we can still see the huge bull move happening....
Hello dear Altcoin fans! ;)
In this video:
Binance Coin: Huge run up, reaching previous tops at 17.3: Consolidation & forming Higher Lows would be very healthy on the Weekly
BitTorrent: Trying to sneak back again into EQ zone
Enjin Coin: Consolidation on the Weekly
If you had some value from my analysis, give it a thumbs-up & comment it, because the...
Have a look at this link here to see an image of a Distribution Schematic in the lower right corner of this same chart: i.imgur.com I'll follow up with a video publication shortly.
BNBUSDT is finding a lot of resistance (supply) continuing to dump on each attempt it has made to push through Preliminary Support (Identified by the long red rectangle). Is it possible we could go to new highs much higher than $11.38? It's possible... Especially, if we're in the process of an "Up Thrust" on Phase B in a large Wyckoff Distribution Schematic. It...
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...
In this video I see 3 separate butterfly patterns... I has played out, 2 have still to play out. I am using the smaller of the 2 remaining Butterfly patterns to get in while targeting the 1.272 & 1.618 extensions of the larger pattern.
Entry will likely be on April Central Pivot but will update once price gets down to that point.
Here’s a quick look at what I’m seeing on BTCUSDT and BNBUSDT on Binance. We’re continuing to get sort of sideways overall bearish price action, not many patterns are breaking bullish in a predictable manner at the moment, so secure your profits and take losses early. We’re in oversold bounce territory, but be careful.
Happy trading! Roti out.
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