Logarithm. Time frame 1 month. Idea for understanding the main trend, secondary trends. Zones of accumulation and distribution of this asset of the most liquid and popular exchange (this is the main thing, the direction of thinking of the masses on a scale). Setting trends in the crypto market.
This is how the trend of this crypto coin with its own blockchain of the Binance exchange looks like on a line chart.
Potential news background in the future under the chart for price direction.
1️⃣Manipulation with the price of which (influence on the exchange and the turnover of billions) can very significantly affect the market as a whole, especially when the SEC announces that this cryptocurrency of this exchange is "outlawed" and is a "security" (the scenario of "probing the reaction" has already been launched in March 2023 for local corrections) or similar nonsense.
2️⃣Also remember the competition between the two superpowers, China and the United States, they will alternately supply each other with spokes in the wheels, as well as local news springboards for themselves (the race to monopolize and control cryptocurrencies, taxing, and so on).
Percentage decline from price peak. Liquidity. The game is good/bad.
Notice the % reduction. It has been preserved (liquidity, trust, suggestion) unlike other exchange tokens due to the good/bad play between the Binance (BNB) and FTX (FTT) exchanges. The sinking of the latter, and the redirection of financial crypto flows to the Binance (BNB) exchange from other exchanges (direct marketing about the reliability and unreliability of others, the disclosure (that's right) of some exchange wallets with large balances (the largest in the cryptocurrency market).
Decentralization or centralization? State. Supervision. The right to create money out of nothing. It's all pre-planned game, it's not an accident. Think about how the state and the digitalization process in general are connected with this. After all, such billions of dollars of financial flows to liquid exchanges, as well as the control of USDT / USDC (and other small stablecoins) cannot be outside state supervision. Who thinks otherwise I feel sorry for you in the future. Think about what would happen if the "state" gave the right to create money out of nothing to someone else. Is it possible? I think no. Is it a mimicry of new experimental trends to improve the financial system. And it is right.
📊Technical analysis. Secondary trend. Zones of accumulation and distribution.
Look first at the monthly time frame (publication), then below the local area chart (weekly time frame, less makes no sense).
Please note that the price is now at the lower zone of the ascending channel, there is a small "drop-out" from the channel on the monthly time frame (this is important). A flat with a % step between levels 218 - 327 has been going on for 14 months (426 days!). Now the price is near the lower zone of this flat trend (1311% of the average price of the previous set, not a minimum). What do you think, gentlemen, is this accumulation or distribution?).
📊Technical analysis. Local reversal zone. Candles. Time frame 1 week.
📊Technical analysis. Local reversal zone. Linear (to show the trend). Time frame 1 week.
👁Coronavirus. Super dump 03 2020
I would like to turn your attention to the time of the March 2020 corona dump. Here, the logic is very clearly visible on the chart of this exchange coin (direction of financial flows, creation of liquidity, development of the exchange, attraction of new users). Long-term accumulation and super removal in the moment. Removal of all stop-loss under the accumulation zone at the moment by a huge percentage. Continuation of the set after that (I remember at that moment everyone was waiting for a further decline in the market, psychology).
This is how this super dump looks on a line chart and is irrelevant from the position of the general trend. No matter how scary it was for some market participants at the moment.
Always remember this and be prepared, whether you believe it will happen or not.
📊BNB/BTC. Technical analysis. Reversal zone. Candles. Time frame 1 month.
📊BNB/BTC. Technical analysis. Reversal zone. Linear (to show the trend). Time frame 1 month.
Note
Always stick to your trading plan, observe risk and mani management. These simple banal things together are the grail of success in the speculative minefield of probabilities.
Note
Trade closed: target reached
Support of the local horizontal channel 219.2 has held. From this reversal zone +43.21% the price is moving to the resistance of the bowl level 327, which is a part of the large horizontal channel. From the reaction of this zone and the development of the trend, exit from the conditional accumulation or return back to the channel zone.
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Note
the price has almost reached the middle of the pump bowl after breaking the resistance of 237$ of the accumulation channel. The price entered the resistance zone of 398-444$ Possible local pullback or consolidation under this resistance.
The reason why BNB is lagging behind. From 219$ reversal zone is now almost +100% in the moment (super profit, concentration in conventionally "one hands", high liquidity, crowd sucked in, playing with the US hit and fines for stock fraud).
If you are in coin and looking long, it is rational to sell at market and put a buy stop above this resistance. Short similar logic, stop there as well.
Although, if the market positivity continues (there is time), it is quite possible that the market will break through this resistance without significant pullbacks. Risk management is a personal matter. But, nevertheless, one should think ahead in advance, not after the fact. Medium-term potential is the target of this bowl.
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Trade closed: target reached
price stop zone +140% of the average price of the set of "binans skam" and the "level" of 622.7 which became the resistance of the ascending triangle (bullish triangle), under the resistance of the trending pump bowl (zone of past highs of the 2021 cycle ).
Price highs were similarly made in the March 12-18 time zone (shown in the past update). And also in the idea itself on the monthly time frame at publication on 11 07 2023.
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Trend pump fan and ascending triangle under the resistance of a large bowl (historical highs 2021). Percentages to key support and resistance zones from a given reversal zone.
Note
Note
28 09 09 2024 classically through a false breakdown all logisticians were shaved, similarly and shorts removed their protective stops by the breakdown (did not allow to earn).
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