Here is a BNB trading plan if there is no bullish breakout in the near future. I hope there will be a bullish breakout, but I also want to prepare in case it does not happen.
The difference from the two bullruns is that inflation and money supply has distorted the picture a bit I believe. I looked at Benjamin Cowens video where he viewed the BTC chart adjusted for printed money, and the ATH on the chart is actually a lower high!
This is why i think this is maybe possible.
I look forward to see what will happen. I will update if it is invalidated and if it does come true, I will update you as well.
Thank you.
The difference from the two bullruns is that inflation and money supply has distorted the picture a bit I believe. I looked at Benjamin Cowens video where he viewed the BTC chart adjusted for printed money, and the ATH on the chart is actually a lower high!
This is why i think this is maybe possible.
I look forward to see what will happen. I will update if it is invalidated and if it does come true, I will update you as well.
Thank you.
Note
I think the price is looking quite strong and that my idea may be wrong! I will consider adding BNB if the price will break my resistance and close above it.Note
UPDATE: There is some bearish activity, maybe a bearish engulfing candle. I will update as the idea may actually play out. But the only right move for me is to wait.Note
It has now gone about a month and the chart is being followed perfectly! I am waiting to buy some BNB potentially at the levels indicated!Note
Good place for me to buy. I added on 240 and also will add more between 240-230 if possible.Note
So I am at breakeven with my BNB-trade. I am carefully considering if this is worth holding. I think BTC has another big drop in store after consolidation which would mean BNB will take a big hit to the downside later.
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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.