BNB Potentially Down -70%

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Watching BNB for quite some time now waiting for the coin to drop. Not because I have anything against Binance. It's just the only major coin that hasn't fallen to its lustrum current:

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That tells me it's being artificially inflated. Great opportunity to look for shorting opportunities.

Now is the first time I can see multiple signs that now may be the time:


Low Tide Signal

High tides (H) show when there is upward pressure. Low tides (L) during downtrends. BNB is showing the first L since September '19. Back then, the price fell -33%.

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Ebb Flow Confirmed

Flow indicated back in March '23 that liquidity was falling (Ebb). We got a short-term bounce in April, then a dip in May; both confirmed. The bounce in June was short lived (so far, at least).

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Topping Candles

Just for good measure, we can see that Energy is showing topping markers indicating resistance.

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Season (Almost) Crossing Year

The coup de grâce is the seasonal average about to cross the yearly. This usually coincides with about a -50% drop in BNB -- and by usually I mean 100% of the time.

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So that's my two cents and I'll be shorting BNB for the next while. I'd love to hear what you're seeing.

노트
Current buy signal in crypto is causing a bounce in BNB. Will be re-shorting once a pause signal shows up.
binanceChart PatternscryptoTechnical IndicatorsTrend Analysis

"Even the wise cannot see all ends." - Gandalf

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