BinanceCoin (BNBBTC) Potential Rejection and Short!
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Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
BNBBTC is testing the 200MAs on the 1H timeframe for the 1st time since price broke down from the 200MAs. Price typically bounces on the first retest of the 200MAs after an extended move. There is initial rejection right now, but I am waiting for price to close below 0.009340 with strong volume before opening up a short position.
Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
BNBBTC is testing the 200MAs on the 1H timeframe for the 1st time since price broke down from the 200MAs. Price typically bounces on the first retest of the 200MAs after an extended move. There is initial rejection right now, but I am waiting for price to close below 0.009340 with strong volume before opening up a short position.
Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Uwaga
breaking down after rejection at 200MAs: 
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