Shorting from local golden pocket resistance level with SL above 57k ask wall and target at 54.4k wPOC, pdVAL and 54k buy wall resistance.
Entry IF reaches golden pocket, VWAP and dPOC.
BTC flash crash dragged BNB down but now it's finally the time for another moon trip. It's getting support from this trendline and has done a 0.5 fib retracement already after that crazy break-up from the triangle.
Ok guys, ive been long since my last post and I think 49K is the next target. It would be a normal retracement upwards from this downtrend, and if it moves above that area, it's a sign of trend reversal and we can set a new TP higher. Otherwise I recommend selling at 49K.
Uptrend broke and it seems we might have switched to this downtrend channel now.
If we bounce from this symmetrical triangle bottom which is drawn after the flash crash, going to the top of the triangle should be probable. pdVAH is also way higher.
Last time we were under the stock-to-flow model line, it was at January and see what happened after that? The model is at 100K at september...
61.5k is pdPOC of previous day. I think we will get rejected at there and we sill stay inside this downtrend channel. It will go to atleast 60k.
BNB finding support from trendline and might possibly break up the symmetric triangle soon. Depends on BITSTAMP:BTCUSD also - if it heads for new ATH, BNB will surely moon again. BINANCE:BNBUSD BINANCE:BNBUSDT
BNB is the only coin which is actually used for something. Binance Card users get is as cashback, and all Binance traders need to #HODL at least 50 BNB to get VIP 1 level for lower fees and interests. You can also pay for fees with BNB to get a discount... then you need to buy more BNB for holding. BNB/BTC is also rising all the time. BNB is better than bitcoin...
Trendlines broke and we did a normal 0.5 fib retracement. What could be easier?
Both downtrend trendlines broke up, very bullish.
I don't recommend shorting here... but I started longing at 52k myself so I don't care for a little retracement here. I don't believe for the downtrend to continue anymore.
Ok my target reached. Now be careful as we didn't break through 0.5 fib yet. Downside possible. Look at the where bottom of next wave goes.
I think this was just a bigger correction for the rise from 43 K. We are at 0.5 fib atm, might visit 0.618 also, but I am going long here. EDIT: chart accidentally says 0.768 at 0.618.