[Heads up] BNBBTC still close to ATH, watch it.
BNBBTC is still relatively close to its ATH, despite opverall alts weakness (except for ETH).
Given the peculiar recent tall doji candle, despite low volume, it's worth watching.
If it holds it may paint an ascending triangle or Cup & handle towards a new ATH.
Given the peculiar recent tall doji candle, despite low volume, it's worth watching.
If it holds it may paint an ascending triangle or Cup & handle towards a new ATH.
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... and it did a new ATH, technically.
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W chart:
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Resistance area met.
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Unsurprisingly:
Nice green candle, so far.
Needs confirmation on W close, though.
Volume needed as well.
Nice green candle, so far.
Needs confirmation on W close, though.
Volume needed as well.
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BNBBTC is likely to pullback soon.
MInd that.
MInd that.
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An amazing run with a single pullback to 0,012 area.
What i noticed along the way is the low volume though.
To be fair i think there's quite some wash trading going on as it would explain both low volume and absence of substantial retrace.
Given the above considerations i opted for liquidating a substantial part of my BNB stash to BTC in order to derisk my portfolio.
What i noticed along the way is the low volume though.
To be fair i think there's quite some wash trading going on as it would explain both low volume and absence of substantial retrace.
Given the above considerations i opted for liquidating a substantial part of my BNB stash to BTC in order to derisk my portfolio.
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Monthly.
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On LTF may bounce once more, offering a further exit / risk-off opportunity.
Personally i don't care.
Personally i don't care.
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Slightly OT, but a handful of alts looks pretty bad against BTC.
This is Monero, for instance:
Tht's a tricky setup, seeing risk of a 20%+ relative correction.
This is Monero, for instance:
Tht's a tricky setup, seeing risk of a 20%+ relative correction.
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1 week later BNB retraced already > 20% from high.
Unsurprisingly.
Was it due to the bad news ?
No, these were simply a catalyst, we had a topping pattern.
Eyes on Monero as well as other coins exhibiting possible topping patterns on BTC.
Unsurprisingly.
Was it due to the bad news ?
No, these were simply a catalyst, we had a topping pattern.
Eyes on Monero as well as other coins exhibiting possible topping patterns on BTC.
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Pretty impressive move down, given the short timespan.
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In the end BNBBTC lost > 30% within less than 3 months.
Now close to the 0,013 mark.
That said it's possibly not over, given Parabolic SAR M just flipped.
MInd that.
Now close to the 0,013 mark.
That said it's possibly not over, given Parabolic SAR M just flipped.
MInd that.
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Back in december (above) i gave a word ow warning about Monero as well.
Once more XMRBTC act pretty predictably on its 9th TD candle.
Third time in a row it slips from there.
This time losing > 20% already, as suggested.
Once more XMRBTC act pretty predictably on its 9th TD candle.
Third time in a row it slips from there.
This time losing > 20% already, as suggested.
Hardest is part ahead, though.