BNB trading plan

Updated

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.

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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.

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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.

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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!

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Good place for me to buy. I added on 240 and also will add more between 240-230 if possible.

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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.

Surviverino

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