BNB: Rocket or Bomb ? Failed bearish megaphone (see 5), Falling wedge, weekly TD count=9, oversold on almost any short timeframe, capitulation ongoing.
I wouldn't exclude it's a nuclear bomb just about to explode in the hands of BNB holders. So ?
Then i accumulated Long.
Will look back in 3/4 months.
Likely best or worst trade in a while, eager to know.
BNBBTC trade ideas
$BNB Binance Coin Quick Analysis Overview ( @binance )Hello there ladies and gentlemen, BulloTaurus here with a quick analysis for today .
Strong buy signals have appeared on BINANCE:BNBBTC .
We can see BNB printing higher heights forming a rising wedge
MACD and Momentum indicator are pointing us that there will be more upside movement if we look at the daily chart .
Risk: 6
Reward:7
Peace.
🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌
P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
BNBBTC - Bullish Contracting TriangleBinance Coin / Bitcoin is creating a bullish triangle. Anyway, we need to be careful because if the support zone is going to be broken we can see the price to move as low as 0.001482.
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BNBBTC is testing 4h support 🦐BNBBTC is testing 4h support, if the price will have a breakout downwards, and retest the previous support ad as resistance, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Ever Catch a falling knife?BTC is cruising towards $20k, and I believe it will head on towards $240k before we know it.
That being said, the ride will be one helluva rollercoaster. I'm expecting some profits will be taken around the ATH for BTC and that about aligns with the end of this falling knife for BNBBTC.
There is MASSIVE DIVERGENCE on the Daily TF and WEEKLY and we are approaching a strong reversal level.
And to top that all off. BNB isn't a shitcoin.
BNB/BTC Is Looking Very BearishBNB/BTC broke through a major support (now a resistance) two days ago. Bearish sentiment has not stopped or reversed, but instead signalled that it wants to keepo dropping. Bitcoin's dominance is not going to diminish anytime soon, meaning bad news for the X/BTC pairs.
The next major support line is found around 12.3k sat, ie the November 2018 lows which signalled the start of the early 2019 bull run. Consider exiting there.