We're on the last leg down of the (E) wave. BNB is the coin of choice especially during bear markets and start of bull markets. More trading, more BNB staked to lower fees, more BNB bought. And it shows! I expect BNB to kiss the $300 level goodbye soon.
Well we're movin' on up (Movin' on up) To the east side (Come on, movin' on up) To a deluxe apartment in the sky Movin' on up (Movin' on up) To the east side (Come on, movin' on up) We finally got a piece Of the pie
Cheers!
Not Financial Advice. I'm just a monkey with a tradingview subscription.
Trade active
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I'm staying the course on this trade. This is a fakekout, which happens on bull flags. This will quickly recover to the upside.
Cheers!
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Price recovered as mentioned several days ago. Though my idea needs to be restudied but don't have time unfortunately.
What are your thoughts on this now? Do we retrace back or make new highs from this?
sucky
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@iyssac, I have another long term price prediction for BNB (tldr; 10K by 2025). It's quite out there but if you followed my "crazy" prediction of $480 when it was $17, you'd believe this one too.
Al-Mughira
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@sucky, I mean short term. 10k is years away mate.
sucky
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@iyssac, I don't see it drop below this past bear market's low. Though I see an ATH much later this year and then some sideways action until the blow up when the bull market gets going in late 2024
Al-Mughira
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@sucky I'm short from 280, a big mistake you think?
sucky
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@iyssac, I'm super biased on BNB. Being short when we're past the brunt of the bear market is gutsy...
sucky
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@iyssac, when BUSD blew up I was thinking your short would finally come to fruition . But if the FTX saga and BUSD blowing up couldn't bring BNB down I don't know what possibly would... BNB is unplayable to the downside...
sucky
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@iyssac, What did you end up doing? Seeing how bnb dipped below 280...