BNBBTC POSITIONS
Bought @ 13000
BUY SIGNALS
- Support challenged & resisted validates trend
- T&K bull cross recovered
- Price-T&K bull cross recovered
INTERPRETATION
Continual bull run due to strong evidence & markers
CAUTIONS/CONFIRMATIONS:
- small red cloud following by green provides security for at least short term gain
Note
BUY SIGNALS- Entrance into cloud and reemergence demonstrates trend reversal resistance
- Confirmation of possible C&H formation would result in bullish continuation
INTERPRETATION
Considering beneficial use for binance users, a buy here would not be unreasonable (even if value went down). However, I would like additional buy signals to comfortably add to my position.
Trade active
POSITIONSbought @ 13000
BUY SIGNALS
- T&K bull cross
- momentum continuation
- possible C&H bull run
CAUTIONS/COMFIRMATIONS
- Price drop below T (orange); if drops below K (pink), consider selling as trend reversal is suspected (confirm w/Price-Cloud bear entry & breakout)
INTERPRETATION
Positive growth just as predicted. However, if price drops below both T&K lines, then suspect possible bull to bear trend reversal. Bull to bear reversal can be confirmed w/Price-Cloud bear entry & breakout. As of now, things look okay. Can consider additional buy if price can rally back above the T line (orange).
Trade active
TARGET27300
INTERPRETATION
If extrapolating from the last bull run, there was a 130% increase over 1 day & 15 hours which would mark the target price to be 27300 within the next 12 hours. If comparing the last bull run, please note there was a moment where price dipped below the Tenkan (orange) before rebounding up which might also occur with the current run.
NOTE: Please take extreme caution as my target evaluation may not be accurate due to my inexperience w/price & time predictions.
Trade closed manually
POSITIONSold @ 16600
INTERPRETATION
Extrapolated target likely overshot. Current price likely the top of initial graph. Profits taken at current price due to uncertainty of future movement.
Trade closed manually
FINALOpened 100% @ 13000
Closed 100% @ 16600
Net @ +27.7%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.