Still learning the ropes of laying things out on charts, learning what all the functions are, etc. Sure are some great idea authors out there!
Anyways. Step back to the 4 hour, and a pattern literally popped out at me. Started drawing some lines, and came up with this;
Took a week and change for the first accumulation phase, will the 2nd take a week as well?. If it does, are we going to see a big ole green stick again?
Barring that, if you zoom into a 15m/30m chart (not this one), pretty solid channel going up as well at a nice angle. Maybe that will continue?
Thoughts? Ideas? Suggestions? Help a new guy out!
Thanks!, and as per standard disclaimers.. don't take this stuff as advice.. its an "Idea", for a reason.
Anyways. Step back to the 4 hour, and a pattern literally popped out at me. Started drawing some lines, and came up with this;
Took a week and change for the first accumulation phase, will the 2nd take a week as well?. If it does, are we going to see a big ole green stick again?
Barring that, if you zoom into a 15m/30m chart (not this one), pretty solid channel going up as well at a nice angle. Maybe that will continue?
Thoughts? Ideas? Suggestions? Help a new guy out!
Thanks!, and as per standard disclaimers.. don't take this stuff as advice.. its an "Idea", for a reason.
Note
Well, as of 21:40 UTC, BNB tagged just bout 290. Talk about a green candle, holy smokes. Wouldn't surprise me if BNB has the biggest monthly candle of all time.Note
Looks like she went up some more last night, interesting. Wouldn't surprise me to see a healthly pullback, then some consolidation for a bit.Also wouldn't surprise me if someone pulls the rug completely out from under all of us. One thing I've learned in Crypto, is that it can spike / pullback at a moments notice.
BNB overall could end up being a very solid coin, I can't see Binance letting go of it now.
All in all though, theres been a massive influx of capital into Crypto in the last 6 weeks; all time highs everywhere we look. Crazy times.
Note
Peaked just about where I guessed, interesting. Skipped the consolidation phase though. Curious as to what the main trigger for that was.Definitely pulled back, which is quite normal. Where she goes from here is literally a million dollar question. We're seeing a substantial decrease overall in momentum compared to a week ago on the rest of the alt coins.
Likely see some sideways action on things for a bit yet.
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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.