✴️ Binance Coin Correction Imminent
Updated
28-December we have a very strong bearish candle: Long upper wick, small real body closing red near the session low.
The entire up-move is an inverted correction; upwards ABC.
We cannot count 5-waves up here, which means that this pair was weaker than most.
The strong negative candle 28-Dec. is followed by multiple bearish close.
The 1st January 2024 (Happy New Year) starts full red...
Unless a miracle happens (Bitcoin Spot ETF launch?) this is going lower... And the SEC will delay everything again until they put CZ in prison.
We don't know how far down it will go... Hope for the best, prepare for the worst.
Namaste.
The entire up-move is an inverted correction; upwards ABC.
We cannot count 5-waves up here, which means that this pair was weaker than most.
The strong negative candle 28-Dec. is followed by multiple bearish close.
The 1st January 2024 (Happy New Year) starts full red...
Unless a miracle happens (Bitcoin Spot ETF launch?) this is going lower... And the SEC will delay everything again until they put CZ in prison.
We don't know how far down it will go... Hope for the best, prepare for the worst.
Namaste.
Note
Today's candle went toward $334 just to comeback down crashing hard.Daily, BNBUSDT now trades below EMA10.
This is just the start.
We had plenty of time to adapt, prepare and to take action (secure profits).
Good luck.
Namaste.
Note
We have a lower high 3-Jan followed by a failed attempt to move higher, BNBUSDT daily.With a full red candle today, BNBUSDT is back below EMA10.
If the day closes below this level (11 hours from now), the next target secured is $270.
It can start moving before the day closes but confirmation only happens when the session ends.
Binance Coin remained strong compared to some other Altcoins and yet it is now also showing some early bearish signals. This is quite revealing and can mean that a broader market-wide correction is about to show up.
It is still "early" but 1-3 days max it seems before the next major move happens.
Note
No new highs... This is the b wave of an ABC correction.Lower prices predicted...
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