[Heads up] BNBBTC still close to ATH, watch it.

2022年5月21日

BNBBTC is still relatively close to its ATH, despite opverall alts weakness (except for ETH).

Given the peculiar recent tall doji candle, despite low volume, it's worth watching.
If it holds it may paint an ascending triangle or Cup & handle towards a new ATH.

2022年6月24日

註釋

Impressive so far.


Hardest is part ahead, though.

2022年7月30日

註釋

... and it did a new ATH, technically.

2022年7月30日

註釋

W chart:

2022年7月30日

註釋

Resistance area met.

2022年8月4日

註釋

Unsurprisingly:



Nice green candle, so far.
Needs confirmation on W close, though.
Volume needed as well.

2022年8月9日

註釋

BNBBTC is likely to pullback soon.
MInd that.

2022年12月1日

註釋

An amazing run with a single pullback to 0,012 area.


What i noticed along the way is the low volume though.
To be fair i think there's quite some wash trading going on as it would explain both low volume and absence of substantial retrace.

Given the above considerations i opted for liquidating a substantial part of my BNB stash to BTC in order to derisk my portfolio.

2022年12月1日

註釋

Monthly.

2022年12月5日

註釋

On LTF may bounce once more, offering a further exit / risk-off opportunity.
Personally i don't care.

2022年12月5日

註釋

2022年12月6日

註釋

Slightly OT, but a handful of alts looks pretty bad against BTC.
This is Monero, for instance:



Tht's a tricky setup, seeing risk of a 20%+ relative correction.

2022年12月13日

註釋

1 week later BNB retraced already > 20% from high.
Unsurprisingly.

Was it due to the bad news ?
No, these were simply a catalyst, we had a topping pattern.

Eyes on Monero as well as other coins exhibiting possible topping patterns on BTC.

2022年12月15日

註釋

Pretty impressive move down, given the short timespan.

2023年1月25日

註釋

In the end BNBBTC lost > 30% within less than 3 months.
Now close to the 0,013 mark.

That said it's possibly not over, given Parabolic SAR M just flipped.
MInd that.

2023年1月25日

註釋

Back in december (above) i gave a word ow warning about Monero as well.
Once more XMRBTC act pretty predictably on its 9th TD candle.

Third time in a row it slips from there.
This time losing > 20% already, as suggested.