Look at what the price did following ATH, right at the bottom of the first 4H imballance (791-789) hitting 788.63 USD.
Advice paying.
Advice paying.
نشر
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Ed Trent
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صاعدHello $BNB Brothers and Sisters ! Let’s continue our #TradingAnalysis after #BNBBreaksATH !
PS: I try to give you accessible trading methods and tips, if it helps you appreciating the market dynamics, Like, Share and Follow greatly appreciated, Leave a comment to say thanks :) Want a specific coin to look into ? Let me know !
This morning we had histoical BNB ATH at above 805 USD. Then what ?
Remember Monday High-Low ? MH fot breached and so this is logical uptrend indication for the week.
Now how to look at the market ? On 1H and 4H we had two areas of Fair Value Gap (FVG) or gaps not covered by the wicks of the before and after candels (yellow and red rectangles). This creates market imbalances which are logical pull back areas to regain buy side volume and momentum.
I was too late to sell this morning but this gives you good view on where to plan new entries.
A. 791 to 789
B. 785 to 775
If A is breached by bottom, it will go to B. This is how big players trade.
Note that I updated the trend which is now in a clean uptrend bullish canal.
Yesterday followed my thoughts on testing the first imbalance and pulled up without testing further imbalance bellow -> bullish sign.
Target for this bullish run : 940 - 1040 USD.
Exercise for you : everyday, draw your / update your imbalances (on daily and 4h). Whenever the price goes crasy up (like 2-3 days on a row) and price still above closest beliw imbalance
- sell a small percentage of your asset (5-10%)
- place an auto order in the top part of your imbalance
See the results. This is how you buy and sell when you are not pro.
#CryptoClarityAct
PS: I try to give you accessible trading methods and tips, if it helps you appreciating the market dynamics, Like, Share and Follow greatly appreciated, Leave a comment to say thanks :) Want a specific coin to look into ? Let me know !
This morning we had histoical BNB ATH at above 805 USD. Then what ?
Remember Monday High-Low ? MH fot breached and so this is logical uptrend indication for the week.
Now how to look at the market ? On 1H and 4H we had two areas of Fair Value Gap (FVG) or gaps not covered by the wicks of the before and after candels (yellow and red rectangles). This creates market imbalances which are logical pull back areas to regain buy side volume and momentum.
I was too late to sell this morning but this gives you good view on where to plan new entries.
A. 791 to 789
B. 785 to 775
If A is breached by bottom, it will go to B. This is how big players trade.
Note that I updated the trend which is now in a clean uptrend bullish canal.
Yesterday followed my thoughts on testing the first imbalance and pulled up without testing further imbalance bellow -> bullish sign.
Target for this bullish run : 940 - 1040 USD.
Exercise for you : everyday, draw your / update your imbalances (on daily and 4h). Whenever the price goes crasy up (like 2-3 days on a row) and price still above closest beliw imbalance
- sell a small percentage of your asset (5-10%)
- place an auto order in the top part of your imbalance
See the results. This is how you buy and sell when you are not pro.
#CryptoClarityAct
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