As we mentioned in previous idea, the head and shoulders pattern appeared.
Good time to enter a short position.
The target is above 34500-33500.
Good luck!
#BNB Analysis🧩//
BINANCE Token looks Bearish📉 and we could see a move down to the daily support area at 261$ and we might see it bouncing over the Black resistance if the #BTC price did a small bullish retracement but either way I see a good entry at 262$ (Above the daily support) for long buyers!
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ISMASHPROFIT 💎
The coin is looking good and can pump from here have a good trend line support and is making (HH) and (HL) so can be a good trading opportunity.
Should be accumulated in buy zone and trade with stop loss.
It's just a trading idea no financial advice trade on your own risk.
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...
Currently short since 35500 I will be looking to long at point D of the Harmonic with
a target at the 1.272 fib extension 38K this is calculated from the movement of Point X to A 127.2% of the move.
Fibonacci Extension and Retracement drawing tool used to determine all levels and drawing of Gartley ensuring that Construction Rules are respected...
Bitcoin Will Recover after Drop to best close support
Now BTC Hitting so close on support zone and will look like recover after this \
and look for buy it on right that
Target (Resistance ) 40-41 K
Support Zone 30 - 33 K
Goodluck
Ton Trader
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![BTCUSDTPERP: Bitcoin [H2] Will Recover after Drop to best close support](https://s3.tradingview.com/6/6XpLsEC0_mid.png "Bitcoin [H2] Will Recover after Drop to best close support")
