tommytoan11
Long

BNBBTC - Looking wonky, heres my current strat

BINANCE:BNBBTC   Binance Coin / Bitcoin
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6
397 2
MY BUY= .0014600
MY TARGET= .0016546
MY STOP= .0013951

Having trouble getting a read on which way this will go. Its in a descending channel , so its gotta come out sooner or later, and very likely to be sooner. BTC is looking erratic, but can probably hold for a day or so to give BNB some time to do its thing.

-=-1HR-=-
RSI= 58
STOCH= 84
MACD= slightly bullish? Had a good cross and its still climbing.

The 1hr is probably indicating we will see some sideways movement for a nubmer of hours, appears to be in an ascending channel that will hopefully take it to a breakout position.

-=-4HR-=-
RSI= 48
STOCH= 69
MACD= Very bullish , way oversold which makes sense after the coin burn.

4hr looks great, has room to pump.

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STRAT
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BNB loves to follow BTC , its basically its little b*&#h most of the time! BTC is behaving very erratic, but in a slightly bullish way, so thats comforting and worrying. I will likely go all out on my first target unless BTC is looking extremely bullish . If i have the time to follow any possible breakout, i will trail stop it up and take what i can get, otherwise i will sell at target 1.
Comment: MY TARGET= .0016546
MY STOP= .0013951
Comment: great price action right now, if btc can hold then hopefully we get a test of the upper trend line.
Trade closed manually
Thank you for the TA
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took profit at $12.3 BNBUSDT, was looking like a IHS, now looks like its going with double top, dont wanna screw around with dbl tops guys! BTC rejected 8400 resistance and took a dip, a few peoples analysis thinking a test back below 8000.

So playing it safe.
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