I've been watching for an entry long on BNB. I had a long position a while back and sold it but was not able to get back in because of the lack of pullbacks.
It has now gone parabolic and BTC looks like it's ready to pull back for a 2 wave so this would be a very bad time to buy BNB IMO.
I would wait for weakness in BTC at the 2 wave point from the attached chart and basically wait for BNB to make it to the C region before jumping in on it.
This is a FOMO point and where bulls get slaughtered at the peak of wave 5. I would short it here if it were possible.
It has now gone parabolic and BTC looks like it's ready to pull back for a 2 wave so this would be a very bad time to buy BNB IMO.
I would wait for weakness in BTC at the 2 wave point from the attached chart and basically wait for BNB to make it to the C region before jumping in on it.
This is a FOMO point and where bulls get slaughtered at the peak of wave 5. I would short it here if it were possible.
Comment:
One of those runners that keeps going, when it finally pops it will be fun to pick up the pieces. Not shorting it since I can't but expecting a lot of resistance in the red:
Comment:
Highly probable the top is in. I'm wondering if the BNB bubble popping will be the catalyst that sends BTC back down so we can buy it on the 2 wave.
