Happy with my 
BNB spot entry 2 days ago in the GOLDEN POCKET. It was such an obvious level for such an obvious and clear ELLIOT'S WAVE count.
I don't often feel fully satisfied with trading, but this trade is pretty text-book for my style that needs confluences.
So, this is basically a DEAD CAT BOUNCE in my opinion, WAVE B, don't ape in, I would say. Volume says one thing, the selling was huge, and stopped for the weekend. Institutions don't do weekends, just saying.
OBV is positive, heavy accumulations, actually, the flash-crash had very little effect. And that's one of the reasons that I'm in this from the GOLDEN POCKET, and watching the reaction at fib 0.5 ($1118).
The fight is on to break above $1118. Once done, $1180 should be next as resistance, then $1250.
Alternatively, one could use WAVE B targets (on the chart).
Rejection at fib 0.5 could easily lead to another $1050 retest.
👽💙
BNB spot entry 2 days ago in the GOLDEN POCKET. It was such an obvious level for such an obvious and clear ELLIOT'S WAVE count.I don't often feel fully satisfied with trading, but this trade is pretty text-book for my style that needs confluences.
So, this is basically a DEAD CAT BOUNCE in my opinion, WAVE B, don't ape in, I would say. Volume says one thing, the selling was huge, and stopped for the weekend. Institutions don't do weekends, just saying.
OBV is positive, heavy accumulations, actually, the flash-crash had very little effect. And that's one of the reasons that I'm in this from the GOLDEN POCKET, and watching the reaction at fib 0.5 ($1118).
The fight is on to break above $1118. Once done, $1180 should be next as resistance, then $1250.
Alternatively, one could use WAVE B targets (on the chart).
Rejection at fib 0.5 could easily lead to another $1050 retest.
👽💙
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.