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EuroChartCreator
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#BNBEUR holds 510 #EUR long stop and the correction off the 554.2 top is a clean ABC #Elliottwave so $BNB continues to look up to 560-570 i.e. to retest the lower half of the green channel as long as the last low holds. #BNBAnalysis
#BNBEUR holds 510 #EUR long stop and the correction off the 554.2 top is a clean ABC #Elliottwave so $BNB continues to look up to 560-570 i.e. to retest the lower half of the green channel as long as the last low holds. #BNBAnalysis
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EuroChartCreator
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#BNBEUR chops sideways under the expected resistance above, while 5th #Elliottwave of some degree can be considered done, as long as the quoted 510 #EUR stop holds, more immediate upside around 570 can be seen. First support below around 480 if $BNB breaches stop. #BNBAnalysis
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EuroChartCreator
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#Elliottwave doesn't look complete to the upside for #BTCEUR but stop for aggressive long should now be trailing up to 51k #EUR or more. Still eyeing 56k-57k for potential short $BTC
Stop for #BTCEUR long now up to 56k #EUR Adding the green channel as guide since $BTC broke out above the yellow one. Lower green crosses upper yellow around 57k, above that I see 62k+ next. Otherwise the azure #Elliottwave labels make more sense than the red ones, implies we topped at 60690, aggressive short can try against that swing high.
Stop for #BTCEUR long now up to 56k #EUR
Adding the green channel as guide since $BTC broke out above the yellow one. Lower green crosses upper yellow around 57k, above that I see 62k+ next. Otherwise the azure #Elliottwave labels make more sense than the red ones, implies we topped at 60690, aggressive short can try against that swing high.
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EuroChartCreator
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Stop for #BTCEUR long now up to 52k #EUR
Reminder: daily $BTC trend is still down (BTCEUR 24Q2 review) and rally off the July low has been corrective #Elliottwave on the hourly.
#BTCEUR Aggressive short stop should now be downed to 59k #EUR or lower. Very micro I can see a 4th #Elliottwave forming so expecting at least one more low. Still no setup for aggressive long $BTC , though eyeing 56k for potential bottom at least on the hourly.
#BTCEUR Aggressive short stop should now be downed to 59k #EUR or lower. Very micro I can see a 4th #Elliottwave forming so expecting at least one more low. Still no setup for aggressive long $BTC , though eyeing 56k for potential bottom at least on the hourly.
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EuroChartCreator
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#BTCEUR dips into my sub 60k #EUR target zone from last week so I'm starting to look for bottoming structure for $BTC : on the hourly I think we will still get a lower low under 59311 but positive divergence has been building up, though no setup for aggressive long at the moment. Aggressive short can move stop from 62k down to 61500.
For the #Elliottwave nerds, the overall structure of the decline from the 66k top is clearly corrective so don't bother about the subwaves, just remember that the last leg of a diagonal can be sharp, as well as the reversal that follows.
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BNBEUR hourly 530 vs 580$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](https://app.binance.com/uni-qr/cart/9037997308369?l=en&r=45044188&uc=web_square_share_link&uco=lhTrbHBzPao0UDP-fuW5Pw&us=copylink) 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:

BNBEUR hourly 530 vs 580

$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:
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Bullish
#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%.
#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%.
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EuroChartCreator
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BNBEUR approaching intermediate top
After #BNBEUR breaking out of a triangle to the upside, the target of 700+ #EUR from Wednesday becomes even more realistic. However, several indicators are showing negative divergence on the daily and weekly. Given triangle in #Elliottwave term is either a 4th wave or b wave formation, with only one last leg to go, one should be cautioned that the current rally will end soon and a sizable correction will follow in probably a few weeks. Longterm $BNB buyer should be able to get a better entry in Q3 or Q4.
On the weekly chart while several projections point to the 750 region, one should pay close attention to the breakout level around 580, with 13 SMA as last defense.

On the very short timeframe, the 617 level from Friday is still holding, I'm now moving it a bit lower to 616 as stop for agressive long, and adding 655 as stop for agressive short = confirmation of upside continuation.
#BTCEUR hourly symmetrical triangle$BTC has been trading in a very tight range lately, one can observe a symmetrical triangle on the hourly chart of #BTCEUR For a very short term trade for the next few days, one can use 65k #EUR as stop for short and 62k as stop for long. Since the daily trend is up, breakout is biased to the upside. Additionally, the purple line is an extra signal to the downside. The same pattern can be observed on the BTCAEUR chart. Unfortunately AEUR trading pairs are very tiny traded, so while there is zero trading fee, the slippage makes them very unreliable to trade on the shorter timeframes,

#BTCEUR hourly symmetrical triangle

$BTC has been trading in a very tight range lately, one can observe a symmetrical triangle on the hourly chart of #BTCEUR
For a very short term trade for the next few days, one can use 65k #EUR as stop for short and 62k as stop for long. Since the daily trend is up, breakout is biased to the upside. Additionally, the purple line is an extra signal to the downside.

The same pattern can be observed on the BTCAEUR chart. Unfortunately AEUR trading pairs are very tiny traded, so while there is zero trading fee, the slippage makes them very unreliable to trade on the shorter timeframes,
#BTCEUR falls out of the green channel but action is a rather clean #Elliottwave ABC, expect topping probably in the lower half of the channel ~65k #EUR as long as the last low holds. While a minor overshoot to a new ATH >67k is not impossible, again reminder we are around 2.618 extension & 0.764 retracement with limited immediate upside potential, hedged long is better than full long, and I believe a better chance to buy $BTC is going to present itself soon. It was correct to have the aggressive long stopped out at 60k with profit, even though we're back above it. Stop for long position taken from the 1-2 low can be put at 59k.
#BTCEUR falls out of the green channel but action is a rather clean #Elliottwave ABC, expect topping probably in the lower half of the channel ~65k #EUR as long as the last low holds.
While a minor overshoot to a new ATH >67k is not impossible, again reminder we are around 2.618 extension & 0.764 retracement with limited immediate upside potential, hedged long is better than full long, and I believe a better chance to buy $BTC is going to present itself soon.
It was correct to have the aggressive long stopped out at 60k with profit, even though we're back above it. Stop for long position taken from the 1-2 low can be put at 59k.
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EuroChartCreator
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60k #EUR is now a reasonable stop for aggressive long as #BTCEUR is completing a 5th #Elliottwave of some degree.
We're now at the 2.618 extension off the July low coincides with the 0.764 retracement off the March ATH.
Expect more resistance for $BTC
Hope you enjoyed the chop while #BTCEUR was completing a larger degree 5th #Elliottwave labeled in orange with a 64k #EUR top as of writing. Now a highly speculative setup presents itself as per azure labels, though I personally am more confident with the orange interpretation, the RR in azure is insane with tight stop 59k slightly under the Nov.2021 top. Either way, the action off the July low is constructive for a new ATH sooner than I previously expected in my $BTC [24Q2 review](https://app.binance.com/uni-qr/cart/10360115857986?l=en&r=45044188&uc=web_square_share_link&uco=lhTrbHBzPao0UDP-fuW5Pw&us=copylink), as long as 52k holds. For reference, the 0.618 retracement of this July rally currently coincides with the Apr.2021 top around 54k. So until breakout to new ATH, prudent longterm holders still need to be mentally prepared for a revisit under 50k: as per the 24Q2 review, even a drop into 45k can be very bullish with a 6-12 months outlook.
Hope you enjoyed the chop while #BTCEUR was completing a larger degree 5th #Elliottwave labeled in orange with a 64k #EUR top as of writing.
Now a highly speculative setup presents itself as per azure labels, though I personally am more confident with the orange interpretation, the RR in azure is insane with tight stop 59k slightly under the Nov.2021 top.
Either way, the action off the July low is constructive for a new ATH sooner than I previously expected in my $BTC 24Q2 review, as long as 52k holds. For reference, the 0.618 retracement of this July rally currently coincides with the Apr.2021 top around 54k.
So until breakout to new ATH, prudent longterm holders still need to be mentally prepared for a revisit under 50k: as per the 24Q2 review, even a drop into 45k can be very bullish with a 6-12 months outlook.
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EuroChartCreator
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#BTCEUR falls out of the green channel but action is a rather clean #Elliottwave ABC, expect topping probably in the lower half of the channel ~65k #EUR as long as the last low holds.
While a minor overshoot to a new ATH >67k is not impossible, again reminder we are around 2.618 extension & 0.764 retracement with limited immediate upside potential, hedged long is better than full long, and I believe a better chance to buy $BTC is going to present itself soon.
It was correct to have the aggressive long stopped out at 60k with profit, even though we're back above it. Stop for long position taken from the 1-2 low can be put at 59k.
Moving #BNBEUR stop up to 515 #EUR with expanded flat #Elliottwave (azure labels) as the most immediate bullish path, but great RR either way for both aggressive long and short. Look for 500 and 480 below if 515 breaks. #BNBAnalysis Binance just announced that "Launchpool Supports DeFi BNB Assets in Binance Web3 Wallet" which should support $BNB future growth, so keep watching out for buy-the-dip chance in the weeks ahead but of course we're facing FED decision today with potentially extremly high volatility. #BNBToken
Moving #BNBEUR stop up to 515 #EUR with expanded flat #Elliottwave (azure labels) as the most immediate bullish path, but great RR either way for both aggressive long and short.
Look for 500 and 480 below if 515 breaks. #BNBAnalysis
Binance just announced that "Launchpool Supports DeFi BNB Assets in Binance Web3 Wallet" which should support $BNB future growth, so keep watching out for buy-the-dip chance in the weeks ahead but of course we're facing FED decision today with potentially extremly high volatility. #BNBToken
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EuroChartCreator
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#BNBEUR holds 510 #EUR long stop and the correction off the 554.2 top is a clean ABC #Elliottwave so $BNB continues to look up to 560-570 i.e. to retest the lower half of the green channel as long as the last low holds. #BNBAnalysis
1. That's why you always need a stop for trading. 2. Unlike BTC, #BNBEUR didn't post a convincing impulse #Elliottwave off the July low and is now approaching 0.618 retracement ~468 #EUR w/o much support on the quoted levels, be prudent if taking this long trade, lower size but wider stop: layer in between 470-450 w/ 430 or 420 stop gives 7%-9% defined risk. 3. Short stop can now be safely move down to 500 or even 490, or both to take profit in tranches. 4. Be mindful of the red pah potential on the daily, if 420 breaks measured move lower targets 350 without invalidating the bullish potential of $BNB to new ATH. #BNB_Market_Update
1. That's why you always need a stop for trading.
2. Unlike BTC, #BNBEUR didn't post a convincing impulse #Elliottwave off the July low and is now approaching 0.618 retracement ~468 #EUR w/o much support on the quoted levels, be prudent if taking this long trade, lower size but wider stop: layer in between 470-450 w/ 430 or 420 stop gives 7%-9% defined risk.
3. Short stop can now be safely move down to 500 or even 490, or both to take profit in tranches.
4. Be mindful of the red pah potential on the daily, if 420 breaks measured move lower targets 350 without invalidating the bullish potential of $BNB to new ATH. #BNB_Market_Update
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EuroChartCreator
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Moving #BNBEUR stop up to 515 #EUR with expanded flat #Elliottwave (azure labels) as the most immediate bullish path, but great RR either way for both aggressive long and short.
Look for 500 and 480 below if 515 breaks. #BNBAnalysis
Binance just announced that "Launchpool Supports DeFi BNB Assets in Binance Web3 Wallet" which should support $BNB future growth, so keep watching out for buy-the-dip chance in the weeks ahead but of course we're facing FED decision today with potentially extremly high volatility. #BNBToken
BNB longterm review 24Q2#BinanceTurns7 and I remember vividly the days BNBUSDT was trading under 10 bucks around the 2020 crash. For reference, $BNB went ICO in July 2017 for $0.15 or 2700BNB/ETH. As per the yellow fibs below, BNB went parabolic to the May 2021 top and got through a flat #Elliottwave correction till June 2022, where a new rally phase as per the orange fibs can be observed. That context is important when evaluating #BNBEUR as trading against #EUR didn't start until 2020 so we miss some info for the yellow fibs. Nonetheless the long term posture of both pairs is rather bullish, since parabolic move typically does not end with a long flat top. This sideways consolidation of more than 3 years is more likely building a firm base for more upside. Looking closer at the orange fibs, one can see the strong resistance around 580 euro where BNB had a failed breakout, slightly missed the 1.618 extension. The reversal was swift into the low 400 region where support was expected: 6/14 [BNBEUR hourly 530 vs 580](https://app.binance.com/uni-qr/cart/9433905953233?l=en&r=45044188&uc=web_square_share_link&uco=lhTrbHBzPao0UDP-fuW5Pw&us=copylink)6/20 [BNBEUR still below 580 cluster](https://app.binance.com/uni-qr/cart/9734847888569?l=en&r=45044188&uc=web_square_share_link&uco=lhTrbHBzPao0UDP-fuW5Pw&us=copylink) The action since the March 2024 top has been very messy, as demonstrated on the daily chart, but one can argue for yet another sideways consolidation after a parabolic rise. The reaction off this July low at 421.2 has been constructive so far but I will not be surprised by a lower low. My bias remains bullish above 350 EUR, going under that will be a red flag and under 300 I will have to look for an exit. #BNBAnalysis

BNB longterm review 24Q2

#BinanceTurns7 and I remember vividly the days BNBUSDT was trading under 10 bucks around the 2020 crash. For reference, $BNB went ICO in July 2017 for $0.15 or 2700BNB/ETH. As per the yellow fibs below, BNB went parabolic to the May 2021 top and got through a flat #Elliottwave correction till June 2022, where a new rally phase as per the orange fibs can be observed.

That context is important when evaluating #BNBEUR as trading against #EUR didn't start until 2020 so we miss some info for the yellow fibs. Nonetheless the long term posture of both pairs is rather bullish, since parabolic move typically does not end with a long flat top. This sideways consolidation of more than 3 years is more likely building a firm base for more upside.

Looking closer at the orange fibs, one can see the strong resistance around 580 euro where BNB had a failed breakout, slightly missed the 1.618 extension. The reversal was swift into the low 400 region where support was expected:
6/14 BNBEUR hourly 530 vs 5806/20 BNBEUR still below 580 cluster

The action since the March 2024 top has been very messy, as demonstrated on the daily chart, but one can argue for yet another sideways consolidation after a parabolic rise.

The reaction off this July low at 421.2 has been constructive so far but I will not be surprised by a lower low. My bias remains bullish above 350 EUR, going under that will be a red flag and under 300 I will have to look for an exit.
#BNBAnalysis
#BTCEUR July'24 review: BTC chose the orange path, briefly peeked below 58k #EUR and is currently defending 0.382 retracement of the July rally. If this mini pullback on the 15min chart holds 59.5k to make a higher high, preferably above 61k we will have a clean impulsive #Elliottwave to work with. Bigger picture on the hourly, aggressive short should move stop down to 62k while 58k becomes interesting for aggressive long. More context for July: - from [July 22](https://app.binance.com/uni-qr/cpos/11114747253034?l=en&r=45044188&uc=web_square_share_link&uco=lhTrbHBzPao0UDP-fuW5Pw&us=copylink) : "We're now at the 2.618 extension off the July low coincides with the 0.764 retracement off the March ATH. Expect more resistance for $BTC " => signaled limited upside potential; - from [July 26](https://app.binance.com/uni-qr/cpos/11323763128506?l=en&r=45044188&uc=web_square_share_link&uco=lhTrbHBzPao0UDP-fuW5Pw&us=copylink) : "I believe a better chance to buy $BTC is going to present itself soon" => it was 62k then and went briefly above 64k, getting sub 60k now; - from [July 29](https://app.binance.com/uni-qr/cpos/11463614334930?l=en&r=45044188&uc=web_square_share_link&uco=lhTrbHBzPao0UDP-fuW5Pw&us=copylink) : "the 0.618 retracement of this July rally currently coincides with the Apr.2021 top around 54k" => 52k-54k should be strong support; So with weekly levels from [BTCEUR 24Q2 review](https://app.binance.com/uni-qr/cart/10360115857986?l=en&r=45044188&uc=web_square_share_link&uco=lhTrbHBzPao0UDP-fuW5Pw&us=copylink) still applies, we now have a more immediate bullish setup to work with. As long as 51k holds, new ATH should be seen by 24Q4.
#BTCEUR July'24 review: BTC chose the orange path, briefly peeked below 58k #EUR and is currently defending 0.382 retracement of the July rally. If this mini pullback on the 15min chart holds 59.5k to make a higher high, preferably above 61k we will have a clean impulsive #Elliottwave to work with.
Bigger picture on the hourly, aggressive short should move stop down to 62k while 58k becomes interesting for aggressive long.

More context for July:
- from July 22 : "We're now at the 2.618 extension off the July low coincides with the 0.764 retracement off the March ATH. Expect more resistance for $BTC " => signaled limited upside potential;
- from July 26 : "I believe a better chance to buy $BTC is going to present itself soon" => it was 62k then and went briefly above 64k, getting sub 60k now;
- from July 29 : "the 0.618 retracement of this July rally currently coincides with the Apr.2021 top around 54k" => 52k-54k should be strong support;
So with weekly levels from BTCEUR 24Q2 review still applies, we now have a more immediate bullish setup to work with. As long as 51k holds, new ATH should be seen by 24Q4.
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EuroChartCreator
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Hope you enjoyed the chop while #BTCEUR was completing a larger degree 5th #Elliottwave labeled in orange with a 64k #EUR top as of writing.
Now a highly speculative setup presents itself as per azure labels, though I personally am more confident with the orange interpretation, the RR in azure is insane with tight stop 59k slightly under the Nov.2021 top.
Either way, the action off the July low is constructive for a new ATH sooner than I previously expected in my $BTC 24Q2 review, as long as 52k holds. For reference, the 0.618 retracement of this July rally currently coincides with the Apr.2021 top around 54k.
So until breakout to new ATH, prudent longterm holders still need to be mentally prepared for a revisit under 50k: as per the 24Q2 review, even a drop into 45k can be very bullish with a 6-12 months outlook.
#BTCEUR getting close to 54k #EUR & potential #Elliottwave 2 of V support region, layer in long positions between 55k-52k with 51k stop gives defined risk of max. 2.5k or less than 5%, conservative upside target roughly 80k-90k.
#BTCEUR getting close to 54k #EUR & potential #Elliottwave 2 of V support region, layer in long positions between 55k-52k with 51k stop gives defined risk of max. 2.5k or less than 5%, conservative upside target roughly 80k-90k.
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EuroChartCreator
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#BTCEUR July'24 review: BTC chose the orange path, briefly peeked below 58k #EUR and is currently defending 0.382 retracement of the July rally. If this mini pullback on the 15min chart holds 59.5k to make a higher high, preferably above 61k we will have a clean impulsive #Elliottwave to work with.
Bigger picture on the hourly, aggressive short should move stop down to 62k while 58k becomes interesting for aggressive long.

More context for July:
- from July 22 : "We're now at the 2.618 extension off the July low coincides with the 0.764 retracement off the March ATH. Expect more resistance for $BTC " => signaled limited upside potential;
- from July 26 : "I believe a better chance to buy $BTC is going to present itself soon" => it was 62k then and went briefly above 64k, getting sub 60k now;
- from July 29 : "the 0.618 retracement of this July rally currently coincides with the Apr.2021 top around 54k" => 52k-54k should be strong support;
So with weekly levels from BTCEUR 24Q2 review still applies, we now have a more immediate bullish setup to work with. As long as 51k holds, new ATH should be seen by 24Q4.
#EUR This #BTC bullrun can go parabolic up to $80k (72k EUR) in April, followed by a heavy correction (25-33%) to 48K (43k EUR). Then new rally up to $125k (112k EUR) in 2025 or... all the way back to $28k (25k EUR). #BTCEUR $BTC
#EUR This #BTC bullrun can go parabolic up to $80k (72k EUR) in April, followed by a heavy correction (25-33%) to 48K

(43k EUR). Then new rally up to $125k (112k EUR) in 2025 or... all the way back to $28k (25k EUR).

#BTCEUR
$BTC
#BTCEUR Under the triangle again means failed break-out to the upside, then measured move to the downside will be 59k-60k #EUR just in the neighborhood of the Nov.2021 top. (levels identified [from days ago](https://www.binance.com/en/square/post/8905614025738) still apply)
#BTCEUR Under the triangle again means failed break-out to the upside, then measured move to the downside will be 59k-60k #EUR just in the neighborhood of the Nov.2021 top.
(levels identified from days ago still apply)
BTCEUR keeps consolidatingUnlike BNB, #BTCEUR is still trading in a very tight range, with overlapping structure in every swing. The highlighted levels in [prior post](https://www.binance.com/en/square/post/8905614025738) remain in place. Until decisive breakout, both bull and bear should be cautioned for more whipsaw. Longterm #BTC bull should not be shaken out by a potential revisit of the 50k #EUR level. 80k-90k is a conservative upside target

BTCEUR keeps consolidating

Unlike BNB, #BTCEUR is still trading in a very tight range, with overlapping structure in every swing. The highlighted levels in prior post remain in place.
Until decisive breakout, both bull and bear should be cautioned for more whipsaw.

Longterm #BTC bull should not be shaken out by a potential revisit of the 50k #EUR level. 80k-90k is a conservative upside target
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