BNB/BTC (Token used at Binance to have discounts on their fees) has been in a clearly uptrend since December.
From experts in crypto markets this chart has SO MANY signs of manipulation/centralization:
- The trendline has been so clear and definited, with several attempts of break out. See as example in point "a" how big the buying pressure was at support, and same for point "b" at resistance.
- Clear accumulation started at point 1 (look at the spike and then correction) and ended at point 2.
They moved the market then.
Our CLEAR signal is to sell it NOW.
1) We are approaching ATH of July
2) Incredibly high volumes
3) Crazy overbought Macd and RSI
This HAS to correct, in our opinion back to the previous support/resistance level
Trade safetly
BFCM
From experts in crypto markets this chart has SO MANY signs of manipulation/centralization:
- The trendline has been so clear and definited, with several attempts of break out. See as example in point "a" how big the buying pressure was at support, and same for point "b" at resistance.
- Clear accumulation started at point 1 (look at the spike and then correction) and ended at point 2.
They moved the market then.
Our CLEAR signal is to sell it NOW.
1) We are approaching ATH of July
2) Incredibly high volumes
3) Crazy overbought Macd and RSI
This HAS to correct, in our opinion back to the previous support/resistance level
Trade safetly
BFCM