Binance Coin / Bitcoin
Long
Updated

BNB: Rocket or Bomb ?

641
Failed bearish megaphone (see 5), Falling wedge, weekly TD count=9, oversold on almost any short timeframe, capitulation ongoing.
I wouldn't exclude it's a nuclear bomb just about to explode in the hands of BNB holders. So ?

Then i accumulated Long.

Will look back in 3/4 months.
Likely best or worst trade in a while, eager to know.
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Oh, by the way: here is the 4-YRS performance so far of BNB as a "hodler" coin.

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26.000%

Not bad if you ask me.
Better options?
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Speaking about short term, a recovery over 0.00145-0.0015 resistance area would be rather welcome and pretty encouraging.

Awaiting weekly close.
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Rocket in flight ?

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We'll see.
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Let's avoid burning in the atmosphere below the red limit ;)
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Stoch RSI never went so low.

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Almost flat zero.
Let's see how long market may keep up with this kind of pressure.
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Ok here we are.
Tonight BNBUSDT went for the ATH.

We have monthly close in two days, IF BNBBTC manages to closeover the edge of that guge megaphone we may end with a killer Long setup.

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BNBBUSDT new ATH, over 40$.
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Indicators hinting bottoming inbound.

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Taking a further oppportunity at 0,00108
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So it was a ROCKET after all.

;)

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Best trade in a while.
Trade closed: target reached
Promised to look back in 3 months.
Well it's a 300% appreciation, after achieving >500%.

Enough for evaluation.
Time to close this post.

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