BNB had good performance in December. At the top, it appeared to have formed a falling wedge, which would be a bullish continuation pattern. However, it had a weak breakout, and now we seem to be forming a rising wedge pattern, which would be bearish continuation.
This shows the indecision in the market. Apparently, everyone is waiting for the bitcoin situation to resolve.
In the best-case scenario, a bullish continuation will lead us to $14.
Worst, $5. The monthly MA may provide some support above $5.
I just got some this morning as I opened a Binance account. It's my way to hedge against the possibility that BTC will go up from here, even though my mid-term view has been bearish.
Check out my website: jlteng.com
And my view on bitcoin:
This shows the indecision in the market. Apparently, everyone is waiting for the bitcoin situation to resolve.
In the best-case scenario, a bullish continuation will lead us to $14.
Worst, $5. The monthly MA may provide some support above $5.
I just got some this morning as I opened a Binance account. It's my way to hedge against the possibility that BTC will go up from here, even though my mid-term view has been bearish.
Check out my website: jlteng.com
And my view on bitcoin:
Nota
still in the wedgeNota
still in wedge. maybe break outNota
BNB broke out today. Very nice. I personally will keep holding because it's useful for everyday trading & because it's useful every day on binance, it's unlikely to fall to crazily.Nota
OMG, should've bought more. I suspect this is because money on binance don't have a good place to flow into at the moment
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.