BNB is one of my favorite things to trade. It's already at the shallow .786 fib that would be an expected retrace region for cryptos in a bull market. BTC is not yet at its .786 so BNB will probably retrace a bit farther until BTC get there.
This is one I will probably scalp the move frequently over the next day or two long. Plan is to wait for BTC to get to its zone then be a bit aggressive about finding a support area to buy on BNB.
This is short term trading only for me, probably not held more than 48 hours.
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In area where looking for double bottom shape
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Very actively watching for tag of 22.60 for scalp long
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Never printed good double bottom shape - watching for something to happen around 9:30
@allegorycave, it tends to give me the cleanest signals and cleanest turns of all the cryptos. I think it's because the volume for it is concentrated on one exchange and there's not a lot of arbitrage noise. It's good for both very short term trading and swing trading. I think for much longer term trading eth is the best since it has the potential to make a 50x move which I don't see bnb doing, but if I want to scalp I look at bnb first.
mljones
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@mljones, an example on how bnb's price action is so clean is that on the chart the 4 point tagged the red counter trend line exactly.