#BTCEUR on track to the sub 60k #EUR level from last week, we should see a bounce soon at least on the hourly. Not sure $BTC will get enough support there on the daily though as the retracement of the supposed 3rd in #Elliottwave term is getting deep. The old "long waring" at 62k can now be used as an early signal if you were aggressive short.
I'm not wild about $ETH at the moment despite the ETF hype, as #ETHEUR haven't been able to take out the 2021 top unlike BTC or BNB. For the immediate path higher in #Elliottwave term I would not want to see it drop under 2700 #EUR
While #BNBEUR holding itself above the red channel is initially a good sign, the sideways action looks increasingly like a 4th wave in #Elliottwave term, with at least one more lower low to go on the hourly. 582 #EUR remains a reasonable stop for aggressive short.
The sideways consolidation on the #BTCEUR weekly is very bullish in #Elliottwave term, even a drop into 45k #EUR would not invalidate the case that $BTC is in a longterm bull market, but that would be more than 25% down from current price, so position size is very important.
#BNBEUR has a decent chance to bottom here on the hourly level, it's getting back above the red channel and I can make case for 5 waves up in #Elliottwave term, 582 #EUR can be used as aggressive short stop for the next few hours. Just be mindful that $BNB is still in a down trend on the daily so 554 is a good stop for aggressive long. On the weekly it's solidly in a uptrend.
$BNB clearly posted a 3 waves up in #Elliottwave term, off the 511.4 low and reversed quickly below the 2021 double top. First sign of new bullish trend will be back above the upper half of the red channel ~= the important level of 580 #EUR Until then I'm watching bottoming structure for #BNBEUR around 530:
Failing to hold 530 on the daily, or 504 as intraday signal, next major support will probably not be found until the lower 400 region:
The #eurusdt pair does a decent job at tracking the #EURUSD fx rate on the daily level, while the hourly slippage due to low volume makes it difficult to trade. But sometimes even slippage has interesting structure and I can make case for 3 waves down retracing exactly 0.618, after 5 wave up in #Elliottwave term. $EUR holders who are planning a visit in the dollar region in the next few months might want to start thinking about the exchange as I think the #euro is in a structural uptrend against the #dollar eyeing 1.16 and potentially 1.2+. One can opportunistically put some small buy orders below current price to capture potential slippage.
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EUR Spot Campaign: Trade EUR to Get Up to 250 USDC in Token Voucher!
Fellow Binancians, Binance has launched a new promotion for users in the Euro (EUR) zone. During the Activity Period, users who click [Register Now] on the Activity page and trade a minimum of 100 EUR on any of the available EUR spot trading pairs (including both buy and sell transactions), will be eligible for rewards. Activity Period: 2024-06-13 12:00 (UTC) - 2024-06-26 12:00 (UTC) Each eligible user may qualify to receive up to 250 USDC in token voucher as per the rewards structure below. Rewards will be distributed to a limited number of qualified users in each tier on a first-come, first served basis. The final token voucher reward received by each qualified user depends on their total EUR trading volumes on Binance Spot during the Activity Period. EUR Reward Structure TierMinimum EUR Trading Volume on Binance Spot During Activity PeriodUSDC Token Voucher Reward Per Each Qualified UserNumber of Qualified Users1500,000250202100,0005075310,0002515041,0003500510011,000 Join the Promotion Now! Terms & Conditions Only verified users who click [Register Now] on the Activity page during the Activity Period will be eligible for any rewards.This Activity is open to retail users only. VIP and institutional clients are not eligible to participate in this Activity.Each user may qualify for a maximum of one reward on a first-come, first-served basis.Token voucher rewards will be distributed to eligible users within 14 working days after the Activity ends. Users may check their rewards via Account > Rewards Hub.The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a token voucher.A sub-account’s trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).Binance reserves the right in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice at any time, including but not limited to canceling, extending, terminating, or suspending this Activity, its eligibility terms, and criteria, the selection and number of winners, and the timing of any act to be done.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2024-06-13 Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
#BTCEUR still within multi-weeks range of 62k-65k, but increasingly likely to revisit 60k #EUR Just a reminder though that even with a drop under 50k, $BTC still have a very bullish structure in #Elliottwave term.
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EUR Spot Campaign: Trade EUR to Get Up to 250 USDC in Token Voucher!
Fellow Binancians, Binance has launched a new promotion for users in the Euro (EUR) zone. During the Activity Period, users who click [Register Now] on the Activity page and trade a minimum of 100 EUR on any of the available EUR spot trading pairs (including both buy and sell transactions), will be eligible for rewards. Activity Period: 2024-06-13 12:00 (UTC) - 2024-06-26 12:00 (UTC) Each eligible user may qualify to receive up to 250 USDC in token voucher as per the rewards structure below. Rewards will be distributed to a limited number of qualified users in each tier on a first-come, first served basis. The final token voucher reward received by each qualified user depends on their total EUR trading volumes on Binance Spot during the Activity Period. EUR Reward Structure TierMinimum EUR Trading Volume on Binance Spot During Activity PeriodUSDC Token Voucher Reward Per Each Qualified UserNumber of Qualified Users1500,000250202100,0005075310,0002515041,0003500510011,000 Join the Promotion Now! Terms & Conditions Only verified users who click [Register Now] on the Activity page during the Activity Period will be eligible for any rewards.This Activity is open to retail users only. VIP and institutional clients are not eligible to participate in this Activity.Each user may qualify for a maximum of one reward on a first-come, first-served basis.Token voucher rewards will be distributed to eligible users within 14 working days after the Activity ends. Users may check their rewards via Account > Rewards Hub.The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a token voucher.A sub-account’s trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).Binance reserves the right in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice at any time, including but not limited to canceling, extending, terminating, or suspending this Activity, its eligibility terms, and criteria, the selection and number of winners, and the timing of any act to be done.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2024-06-13 Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Good to had a $BNB long stop in place as #BNBEUR dropped much lower, now at critical level 580 #EUR
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#BNBEUR setup for the next few hours: Taking a small $BNB long here against 622 #EUR as I can make a argument for 5 waves up #Elliottwave Minimal target measured move to 639, max loss 0.90%.
While the stops from last week are no longer stops, their price levels remains highly relevant as #BTCEUR is still trading mainly in range of 3 weeks ago, between 62k-65k #EUR I'm currently watching two #Elliottwave path: blue as diagonal to retest the March top north of 67k;pink as impulse down to the 2021 top around 60k;
I'm giving blue path a slight edge at the moment as $BTC is still on top of the symmetrical triangle but there's a lot of air under 63k. In the very short term aggressive trader can use 65.7k as short stop or 63.6k as long stop.