BNB/BTC - Very good risk/reward ratio.

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Binance Coin / Bitcoin (BINANCE:BNBBTC)

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BINANCE:BNBBTC Binance Coin / Bitcoin

trendanalysis chartpattern waveanalysis elliottwaves binance binancecoin bitcoin practice educational practicepattern trend

Hello! I've been practicing Eliott Waves and in my opinion we are currently in front of a big level 3 wave which will hit the target at 382 fib res lines. There will be profit taking there as we go back to test the 0,5 fib level and bounce for a big 5th wave at 236 fib. I think this is a very good risk/reward ration, setting the stop/loss a little bit under the end of C correction wave. Good luck

Buy-in : NOW
Stop Loss: 6987 sat

TP1: 14700 sat
TP2: 16600 sat

Trade active.
Good luck

Handel aktiv:

heading for wave 3 bounced back nice from the support level, lets go!

Kommentera:

Currently fighting the 0,5 fib level after breaking it, lets see if it can remain. otherwise when breakdown occures (btc volatility) sell and get in at 618 fib. Happy trading

Handel aktiv:

a bit of consolidation around the 0,5 fib line but bitcoin is stabilizing so I think we are ready to explode

Handel aktiv:

FIRST TARGET REACHED: 14.8K SATS+ hope you took your profits, now wait for correction to rebuy , correction may stay at 13k sats and become a shorter wave 4

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