#BNBBTC 0.0118 level is both the 1.618 extension off the De | EuroChartCreator on Binance Square

Trending Articles

Bookmarked and Liked

EuroChartCreator

--

#BNBBTC  0.0118 level is both the 1.618 extension off the Dec.2023 low and the 0.618 retracement off the Nov.2022 high. Not trading this pair myself but I think we will get there, which means that BNB still can outperform BTC for a while.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BNB

504.9

+2.55%

BTC

55,055.59

+1.73%

515

0

Replies 0

Explore the lastest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

EuroChartCreator

@EuroChartCreator

Explore More From Creator

#BTCEUR got into the hourly buy zone as expected, stop can now be moved up to last low ~47.4k #EUR or your entry break-even. If still wish to initiate a non-zero position, one might delve into 15min and long against 47.7k tight stop. Given the action off the low is not clearly #Elliottwave impulsive, $BTC bear certainly has good argument to short against 50.5k/51.2k/54k #euro depending on risk tolerance.

--

BTC Aug.2024 review

--

#BNBEUR reach 0.618 retracement of the Jun.'24 ATH, arguably an almost full #Elliottwave 5up as per yellow fibs suggested and the angle of ascent is flattening. In the short term 470 #EUR is a key signal for whether it strikes a temporary top. While I'm still mindful of the risk of the pink fibs A=C, the relatively muted pullbacks along the rally off the Aug. low reminds us $BNB is still in a bullmarket overall, as long as that Aug. low holds, so the 420 region support becomes important for all timeframes now. Also the weakening USD is positive for all dollar denominated assets, it will be interesting to see how crypto and #euro react relatively. #BNBAnalysis

--

#BTCEUR remains in range and after the spike yesterday 49k #EUR has increasingly better fibs alignment for the #Elliottwave yellow ABC of 2. Just be mindful that $BTC is still in a larger degree bull market so aggressive bear should keep position size slight and stop tight at 55k/57k. Aggressive bull can certainly attempt long against 52k but I much prefer a 49k/48k/47k entry with 46k stop. Also note the weaking dollar as #euro is trying to break out, we might get a rising tide lifts all boats situation for the coming months.

--

The 53k #EUR stop has spared bulls many hassle as #BTCEUR is still hanging around the same level after it triggered.Bears on the other hand should have their stop down to 56.5k and take partial profit ~54.5k. The #Elliottwave azure path is at its limit as ii of 3 is getting deep and the reaction off the 51k low is quite overlapping. The range high & low of the past 24h can be decent stop with speculative RR for both sides, while 50k #euro region remains larger degree support for $BTC as action off the 57k top has been clearly corrective.

--

Latest News

US August Unemployment Rate Declines, Labor Market Remains Stable

--

Bitcoin(BTC) Surpasses 55,000 USDT with a 2.10% Increase in 24 Hours

--

Ethereum(ETH) Surpasses 2,300 USDT with a 1.62% Increase in 24 Hours

--

BNB Surpasses 500 USDT with a 1.63% Increase in 24 Hours

--

Elon Musk Unveils Plan For Human City On Mars

--

Cookie Preferences

ba-one-trust-cookie