Just entered #bnb short.
I believe the market might be ready to continue back down to make new lows over the weekend.
Weekly and daily was already bearish, then we corrected on the daily. Today the market shifted back bearish on the 1hr after rejection prior daily/weekly support key levels. which is early sign of reversal if it's that we gonna make new lows.
Also in my opinion since there won't be no etf buy volume to support bitcoin price if we get major selling on bitcoin we might have another landslide this weekend and alts like bnb will correlate similar to last weekend..
I believe the market might be ready to continue back down to make new lows over the weekend.
Weekly and daily was already bearish, then we corrected on the daily. Today the market shifted back bearish on the 1hr after rejection prior daily/weekly support key levels. which is early sign of reversal if it's that we gonna make new lows.
Also in my opinion since there won't be no etf buy volume to support bitcoin price if we get major selling on bitcoin we might have another landslide this weekend and alts like bnb will correlate similar to last weekend..
Note
🥱Boring PA. Closed #bnb short. Wait some more.Note
Back in #bnb short. Just gonna leave it. Bitcoin spike didn't get any follow through with volume.Seems market is a bit indecisive just as me around this area based on the candle wicks. Accepting the risk.
This hr before daily close will be decisive hr.
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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.