Binance Coin has been trading in narrow range since quite some days...
A sym Triangle is forming on hourly chart.
I am betting on it breaking upwards with targets of 285 and 310 if Bitcoin and global market behaves.
Stop is 257.
If i get stopped out, i will look for another long between 250-253 zone with a stop of 239.
Bitcoin Consolidating nicely after the dump.
Seems like making a base at 45k now.
Ascending Triangle is being formed right now.. If it breaks upwards, i must be looking at 51500 zone.
Try to catch a dip.
Stop loss must be hourly close below 46200. Because we may hunt stops below 46000 one more time.
Bearish Divergence has been Building on daily chart for quite some time now.
I was expecting a Blow off above 60k but that didn't happened for now. May still happen but should be a selling opportunity for the time being
Its a bull market and divergences like this one have 50-50 chances of working. Correction from this level is only bullish after a big run...