BNB has lost a very critical level lately (~260). I think its macro outlook is very fragile. You can check my macro TA for BNB from this idea.
I think a potential test of 260-270 level might be a good short entry.
NFA
I think a potential test of 260-270 level might be a good short entry.
NFA
코멘트:
Feels like the sell pressure will invalidate this:
코멘트:
I though this would bring us a test. But honestly why not this:
코멘트:
I'd like to see this:
코멘트:
That would be a short I'd take with confidence. Right now it's a coin flip. If you can't put a stop above 270.
코멘트:
Is it coming?
코멘트:
This just become bigger pennant. I'm not sure what it is. No meaningful range. Stop hunt and dump probably.
코멘트:
This thing should go now or it's probably losing its last chance to go.
코멘트:
I wanna get in from 0.618. Because this spent too much time at the "bottom" for my taste. I have an order at 272.
코멘트:
CZ what are you up to dude?
코멘트:
It's definitely coming. I think :D
코멘트:
Great entry imo:
코멘트:
This might be it. Critical $260 level is tested anyway.
액티브 트레이드:
I got a short from 258 with stop around 280.
코멘트:
I didn't want to wait more because I like this:
코멘트:
Next big resistance if it can break 260-270:
코멘트:
Let's see.
액티브 트레이드:
I added some from 268. It was the first stop loss from my original plan. 263 average 280 stop.
코멘트:
A lot of stops have been run around this box. Breaking this is dangerous for shorts. But I wanna see the reaction to 20w ema.
코멘트:
Just saying.
코멘트:
Everything is fine until it isn't.
코멘트:
I'm expecting bad news about Binance soon. There is no fundamental or technical support for this positivity.
코멘트:
My next order if I get stopped out. I'll be chasing for some time.
코멘트:
I haven't looked at BNB/BTC for a while. Big resistance ahead:
코멘트:
Ok.
코멘트:
Actually I don't wanna use stop loss with this. I'll add collateral today and make it practically impossible liquidate. It doesn't make sense to chase this with small steps.
코멘트:
Surprise surprise bear markets have really strong rallies:
코멘트:
BNB is one of the trendless pumps. We'll see.
코멘트:
Down only, retest, double top... We'll see. But it's not bullish.
코멘트:
The question is 'Will it hold 260 or not?'
코멘트:
I'll increase size at 290 if it comes.
코멘트:
He says he is gonna ignore more fud incoming hehe. Every bad news about Binance is FUD isn't it? About crypto in general. Magic words of cults.
코멘트:
BNB/BTC update. If you are bullish on this, you'll want to see an ascending triangle:
코멘트:
They will have to defend this box. If they do, I will respect it and close my trade entirely.
코멘트:
You act weird BNB.
코멘트:
BNB is testing nothing. No bullish argument. No significant trend. Really one of the worst manipulation of this mini rally.
코멘트:
200d ema will be a hard test. That's where I increase size, if it comes.
코멘트:
Increased position size at 287. Very close to 200d EMA. New average 273.
코멘트:
We have a clear resistance at 292. It'd be nice to clear that too.
코멘트:
Adding big around 320-330. We gonna have some fight.
코멘트:
Even if BTC is going to pump more, this is what BNB deserves:
코멘트:
코멘트:
264
코멘트:
Very good. Come to 330.
코멘트:
Let's pretend like there is no weakness here. And it's not related to any problem about Binance.
코멘트:
They can overextend this thing though. Because why not.
코멘트:
Hello CZ? Where is the money? We want it.
코멘트:
It's the bull market bro c'mon.
코멘트:
Volume is incredibly low on BNB. People don't trust Binance. They don't even wanna short it. Bank run is a long process in case of Binance. It's happening.
코멘트:
If everyone is bullish enough, we are returning to reality soon.
코멘트:
I mean about crypto. People are not bullish about Binance for sure. The trouble is obvious there.
코멘트:
ser?
코멘트:
You are not distributing on us, r-right?
코멘트:
The range is becoming clear. I need a lil bit more confidence to increase my short size.
코멘트:
He already owns most of the BNB you know. It's hard to convince people to buy here. Not enough shorters to squeeze too. Traders know how it can be manipulated if they short. But I'm in for it. Let's see :D
코멘트:
Let's make a huge bear flag. I'm in for it too.
코멘트:
Ouch.
코멘트:
I'll keep sharing FUD's :D Range high is tested.
코멘트:
Increased position size by %50 at $308. New average 296. I'm not planning to add more. It's gonna be either give up or hold after this.
코멘트:
Not by 50% :D. I was thinking something else. By 200%. Previous size is 50% of the new entry.
코멘트:
Still holding the position. $260 is the key. If I see something close to this, I'll close.
코멘트:
FUD is getting heavy :)
코멘트:
Still holding my short.
코멘트:
I have an alarm on this trendline. If this breaks up, I'm probably wrong about the next move.
코멘트:
It's a nice rounding top and if it gets invalidated, it will probably break the range next.
코멘트:
HODLing the short. 260-270 is where it should consolidate. This one should be bearish.
코멘트:
I will talk early. At major support. But GG if you ask me.
코멘트:
TL;DR Binance won't survive this bear market.
코멘트:
I added some @287. This is just because I've closed my other shorts lately. Basically moved profits to here from closed shorts. I still like BNB chart very much.
코멘트:
The luxury of not giving a fuck I have. About this trade. Mindless pumps are good. Let me see a consolidation so I can consider closing.
코멘트:
I am still holding but I don't even look at it. Long-term bag holder hehe. Isolated position liq. above 450. I don't care what it does.
