Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
BNBBTC is testing the 200MAs on the 1H timeframe for the 1st time since price broke down from the 200MAs. Price typically bounces on the first retest of the...
BNBUSDT - Intraday - We look to Buy at 341.1 (stop at 324.8)
Daily signals are mildly bearish.
Bespoke support is located at 340.0.
Dips continue to attract buyers.
We look to buy dips.
Our profit targets will be 388.8 and 398.8
Resistance: 380.0 / 390.0 / 400.0
Support: 340.0 / 330.0 / 320.0
Im taking a long on BNBBTC due to a breakout of trendline resistance and a bullish divergence on the RSI. Stop loss at swing low and targeting 1:1 RRR as 1st target.
As always, I’m not a financial advisor, do your own research, and stay safe!
BNB has a high probability of being a good Long. Let me explain my reasons.
First of all, if we apply the Fibonacci retracement from the beginning of the parabolic bullish movement we can notice a great growth in BNB being that this retracement has led it to test 0.618% which is a fairly good zone in liquid currencies to initiate a possible Long . This means that...
BNB 1H support is at ~$380
Try to set some buy orders near the support zone
If BNB holds above the trendline,
the Take-Profit target would be $404, $420, and $445
BNB 1H support is at ~$330
Try to set some buy orders near the support zone
If BNB holds above the trendline,
the Take-Profit target would be $364, $385, and $408
BNBUSD gave a bullish breakout over the sideways congestion, with immediate target zone seen at 425 with next at 485/525 short term.
Near term traders may place 378 as stop.
I see only one scenario when I'll buy BNB. We have a clear resistance line at 387.6. Only if the price starts squeezing near to the level, I will ready to buy it after breakout and retest.
Write in the comments all your questions and instrument analysis of which you want to see.
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(BNBUSDT 1W Chart)
(1D chart)
We should see support at the 333.22 point and move above the 375.55 point to see if we can break out of the downtrend line.
If it falls from the point of 333.22,...
If you say btcusdt correction percentage is somehow equal to (for example) bnbbtc you can generate dips on bnbusdt.
I could aplly the concept on any pair if it got btc pair and finally i picked one
I say correction will be over since we didn't observe the balanced growth on alts if you think they are related to btcusdt price.
so there is dip
Probable correction...
