Binance coin will conduct a coin burn in the coming days, and from a fundamental point of view, this is pretty good news, as demand increases as supply decreases.
Let's take a look at how the price has historically reacted to this process. Statistically, after burnout, the price falls more often than it rises. 10 out of 13 burnout cases ended up with an average price drop of 15%, and only in 4 cases did the price rise. This time is likely to be no exception, and the price will also react to this burnout.
This proves once again that news does not always have a positive effect on price movement, and the first thing to do is to work on the trend and understand the price dynamics. Only knowledge will help you do that, and Biko Academy will help you with the knowledge.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
nice analysis! I've been thinking of doing something like this in advance of the planned burn, but i just never got around to it. And now you saved me the trouble! Very interesting & counterintuitive indeed.
Thanks for sharing!
Yuriy_Bishko
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@Crypto-Fury, Thank you for your feedback, will you be opening a trade?
Crypto-Fury
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@Yuriy_Bishko, not on BNB no haha. But for a lot of other reasons besides from this burn. Ones i'm sure you're already familiar with. Btw i just shared your chart on my discord. Hope you get a few more followers from it. Thanks again!
amsa6488
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Hi, despite reaching up to the history of Token Suzi, the opposite of the bugs before this time, we do not see any positive reaction! Despite the downtrend of the foreign exchange market and other coins, they even have better growth than BNB. What is your opinion on this?! Although the market trend is not good, Rumblon Suzie did not even create a minimum growth process? What do you think?