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futuremihai
Sep 1, 2018 3:12 AM

Binance Coin Burn Play Long

Binance Coin / BitcoinBinance

Description

BNB coin burn happening on ~October 15th. The vertical lines are where the previous coin burns were announced.

Binance is most likely accumulating the BNB they are going to burn at the bottom, not buying the top.

Yellow arrows all show similar bottoms that have a similar pattern; double/triple bottom and then pump. They are all about one and a half months before the coin burns themselves.

I'm expecting maybe one more dump before liftoff. But that's not long from now, especially if alts start to become bullish.

"Choose the path of least resistance to financial freedom..." (butchered & stole that quote from @jwilcharts)
Comments
Velocity00907
Bro... You are completely wrong on your burn dates. mid JAN, APR, JUL, OCT are the quartely burn dates.
futuremihai
@Velocity00907, ...what? look at the vertical lines, that's exactly what it says.
sheikhammad
bro bnb coin burn in october month but who say that bnb coin burn happening on 15 oct?
futuremihai
@sheikhammad, The other vertical lines drawn on my chart are the dates when the announcements were posted on their website. It is usually the 13-15th of the month.
Thanks for the comment
sheikhammad
@futuremihai, nice info.thanks
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