As you know I expect the price of Bitcoin below 15k, therefore most of altcoins can lose up to 70% from their current price. The BINANCE:BNBUSDT is the exception.
Let's take a look at the Binance coin's Elliott waves structure. The Awesome oscillator allows us the define the wave 3 bottom and build the analysis based on that. Wave 3 was shorter than wave 1. It means that wave 5 could be even trimmed one. In the worst case I expect only slight lower low.
Taking all these facts into account I am going to buy BNB below $200, for me it's good price for long term investments.
I also want you to bring attention that wave 4 is a complex corretion. It's untradable market struture. This wave can be already finished or make another one leg up, it's really difficult to predict.
Best regards, Ivan
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