Binance Coin to $20 or $50 Post Coin Burn :)
Updated
Hi TradingView Family,
PERSONAL THOUGHTS:
A bit late on the BNB chart
I have had friends in the private group who traded the previous BNB coinburn pump and he stated he earned a cool 25% and he was a bit late to the market.
Buying now is a high-risk trade because #1 RSI is overbought (but note in DECEMBER, everything was overbought for weeks) Currently we are 40% ROI in Two days.
There are two dates slated for the Binance Coinburn, either March 31st or April 15/16th. That being said there is still time for the price value to retrace.
You would have to analyze your personal risk analysis on the purchase and the level of profits you would like to obtain. Personally, I have entered cheap enough in the market and set a long term strategy for the coin. MIND YOU BINANCE STARTED AS AN EXCHANGE IN JULY 2017. IT IS NOW A POWERHOUSE AND HAS ONLY BEEN IN BUSINESS FOR 9 MONTHS. I am intrigued to continue to see this coin grow and the potential value it might bring.
TRADE ANALYSIS:
Right now in the short term, let us buy & sell the news.
If you look at the charts with the green arrow we can almost see the same identical patterns between the previous BNB rise and the bullish market run. if the market follows it's previous pattern we are expected another run up in value, this would make sense, in correlation to the incoming CB.
I have already claimed in my earlier TA's that we should start seeing more positive price actions around March and early Q2. We might be able to see more consolidations here as a market whole and stabilizations. So right now expect a bit more bullish sentiment for the coming 2 weeks, a pullback and then consolidations at potential higher lows for BNB.
T1: $20
T2: $30-50 (post coin burn).
I will continue to update this post. I myself am debating if I should sell into profits rebuy on the down and wait out until the Coinburn, or hold out until it actually happens.
You decide there is no one right answer :) Drop a <3, share, & Follow!
Good luck and Happy Hunting,
Reg
PERSONAL THOUGHTS:
A bit late on the BNB chart
I have had friends in the private group who traded the previous BNB coinburn pump and he stated he earned a cool 25% and he was a bit late to the market.
Buying now is a high-risk trade because #1 RSI is overbought (but note in DECEMBER, everything was overbought for weeks) Currently we are 40% ROI in Two days.
There are two dates slated for the Binance Coinburn, either March 31st or April 15/16th. That being said there is still time for the price value to retrace.
You would have to analyze your personal risk analysis on the purchase and the level of profits you would like to obtain. Personally, I have entered cheap enough in the market and set a long term strategy for the coin. MIND YOU BINANCE STARTED AS AN EXCHANGE IN JULY 2017. IT IS NOW A POWERHOUSE AND HAS ONLY BEEN IN BUSINESS FOR 9 MONTHS. I am intrigued to continue to see this coin grow and the potential value it might bring.
TRADE ANALYSIS:
Right now in the short term, let us buy & sell the news.
If you look at the charts with the green arrow we can almost see the same identical patterns between the previous BNB rise and the bullish market run. if the market follows it's previous pattern we are expected another run up in value, this would make sense, in correlation to the incoming CB.
I have already claimed in my earlier TA's that we should start seeing more positive price actions around March and early Q2. We might be able to see more consolidations here as a market whole and stabilizations. So right now expect a bit more bullish sentiment for the coming 2 weeks, a pullback and then consolidations at potential higher lows for BNB.
T1: $20
T2: $30-50 (post coin burn).
I will continue to update this post. I myself am debating if I should sell into profits rebuy on the down and wait out until the Coinburn, or hold out until it actually happens.
You decide there is no one right answer :) Drop a <3, share, & Follow!
Good luck and Happy Hunting,
Reg
Note
also forgot to mention...cup and handle anyone?Note
Last time I saw a 3 months cup and handle.. this happened... PLEASE NOTE HOWEVER, WE ARE NOT IN A BULLMARKET SO WE MIGHT NOW HAVE THE JUICE TO SUSTAIN THAT GNARLY AMOUNT OF RETURNS BUT WHOO KNOWS :P
Note
BNB has moved perfectly down to our "load" up zone if you haven't entered already. I think placing buys between $10-9 range is a safe area if you are playing the coinburn.Note
Still looking good :) Keep it up team! right now i'm seeing a lot of support at 15,000 satoshi it had multiple instances to break but never did. I'm still waiting for Coinburn and then sell off!!! I love this part of crypto. I dont need to chart every god dam day and just the charts play it self.
A bit tired and needing a weekend of rest (Easter Weekend) so i will probably work on a full fledge btc and ltc chart for everyone on TV. Already told my private group to load up lower 6k's but dont worry if u are bag holding. market is recovering up to around 7.2-8k range. Sell any buys here and load up at 6.5k do it again 1-2x and then set buys for 5k. We are looking at a complete market reset.
Note
HMMMMM 80% up since i drafted this??? :) hahah i'm the oracle of crypto! Keep HODLing. I got more beastly calls coming up this week! First pick of my thoughts are posted on my Telegram group first.
Note
Sold my BNB (: Stay patient got a couple more coins ready to go 20-50% ROI this monthNote
I came in looking to double my earnings and i did. Not looking at USD value i was reviewing my Satoshi value. Was 80% up from my entry. The lesson here is learning to trade and stick to your strategy. I notified my group that i was selling and moved into another opportunity (which i already am positive in).
I would love to see BNB climb and i think it will! Glad you are all in profits and i hope you make that $20! (it will when the CB hits).
The Overbought conditions was a concern and the rapid development in price growth has me thinking whales/marketmakers are in pushing the price north for the CB. (Which I would do as well if i had my own coin/exchange).
GL with everyone still HODLing on BNB (: Set your SL in profits. I still have members playing BNB and I am still keeping tabs for buy in opportunities leading up to the 16th.
Note
All Targets Achieved I am looking for another great long opportunity :) Follow like and share
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