BNB/BTC has one more leg Down ? Binance Token wave 5 coming ?
Updated
This is an update to my BNB analysis after the top.
Looks to be in a wave 4, possibly starting wave 5.
This could possibly be just A of an ABC (unlikely).
The dark blue path is what I think is most likely.
The light blue path is a more bullish possibility.
Also possible that we reverse as is (unlikely).
See my Top call below, after which it has been drooping.
After retrace had started, the news about Hack came out.
Then we had the 1-week shut down for upgrades/investigation.
Now we look for possible ''Bottoming'' zones.
I have much confidence in Binance and CZ.
So I am in bullish, looking to fill my bags again.
My Previous Analysis:
Top Call
Early Retrace plot
Update Retrace after Hack
Looks to be in a wave 4, possibly starting wave 5.
This could possibly be just A of an ABC (unlikely).
The dark blue path is what I think is most likely.
The light blue path is a more bullish possibility.
Also possible that we reverse as is (unlikely).
See my Top call below, after which it has been drooping.
After retrace had started, the news about Hack came out.
Then we had the 1-week shut down for upgrades/investigation.
Now we look for possible ''Bottoming'' zones.
I have much confidence in Binance and CZ.
So I am in bullish, looking to fill my bags again.
My Previous Analysis:
Top Call
Early Retrace plot
Update Retrace after Hack
Note
Got a good bounce today .
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