BINANCE:BNBBTC   Binance Coin / Bitcoin
I have already started filling buy orders at this level and have marked the area I am targeting for largest entry. If BNB breaks below the Daily Kumo and/or has a bearish TK cross on the daily I will stop out of this trade.

Rounding of price decline likely at this level - oscillators and volume show declining selling pressure and increasing buying at this level.

Profit target is open. Expecting a retest of previous high, and possibly a new ATH .

Will update this trade.
Comment: Orders filled in Green box, but we have now dropped below.

Safest action is stop out and wait for trend reversal (this will likely lead to a small loss as we will buy higher, but protect against a continued drop.)

My stop is below the lower red horizontal. I have a high risk tolerance.

We are approaching the bottom of the daily Kumo but we see a Weak bearish TK cross above with price action below. This is not a good sign for bulls.

I am still in the trade.

Volume is declining on the price drops, and buying volume has been higher.

Comments

Hi
Any updates!?
Pls
:))
Reply
dropping very deep @Nevermorejk .....what do you think at this stage ? Cash out ?
Reply
meveme drannyday
@drannyday, I’m full bag. Waiting for pop. What u think!?
Reply
@meveme, using BNB to trade other currencies...LOL...my BNB has grown real big. Will be waiting for BTC to pop up
Reply
meveme drannyday
@drannyday, I only trade BNB and zrx
So really can not do much but wait

Which assets u trade via BNB!?
Reply
Still in trade?
Reply
@NoOneLt, Yes. And I still have lower orders in that highlighted area around the horizontal support
Reply
Well
BNB is following btc :((
Reply
@meveme, BNB at times is correlated, but has moved with and against BTC. Overall BNB has significantly outperformed BTC in 2018.
Reply
meveme Nevermorejk
@Nevermorejk, hello
What u think!?
Reply
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