An update on the inverse relationship between BNB and BTC
Hello, I recently posted a theoretical idea about how the relationship between BTC and BNB is inversely correlated. Today I am providing a zoomed in point of view for the upcoming BTC movements.
Please see original post here:
And the corresponding BTC path here:
Clearly, the theory is working out as anticipated. Today, I'd like to go zoomed in and understand on a lower time frame what'g going on.
In the above chart, we see that BNB is doing a low volume B wave, exactly what the B wave looks like. But it means that we have a C wave yet to build....So how does it get there, if BTC goes down and BNB goes up? And vice versa?
To hit our mark of 18544, which is a natural support and a fib retracement zone we need to see if BTC is going to go up during that period. I anticipate that it will:
So to boil it down a bit, we anticipate BNB dropping by 6.4% and if we do a 1:1 inverse ratio, that means that BTC is expected to rise by 6.4% as well. That would put BTC at around the 6300 Zone where it catches some decent resistance and also the territory of the (3) Wave down (which it can't penetrate with force). BNB is running a wave (4) Expanding Symmetrical bearish retracement presently. When it hits the 7300 mark, we should see a continuation wave (5) that terminates around 6700.
BNB acts as a tether when BTC drops sharply. So presently I am in BTC but as that limit approaches I will be rebuying BNB for the satoshical gain and also the fiat protection. When BTC bottoms out, moving back into BTC at 6700.
Please see original post here:
And the corresponding BTC path here:
Clearly, the theory is working out as anticipated. Today, I'd like to go zoomed in and understand on a lower time frame what'g going on.
In the above chart, we see that BNB is doing a low volume B wave, exactly what the B wave looks like. But it means that we have a C wave yet to build....So how does it get there, if BTC goes down and BNB goes up? And vice versa?
To hit our mark of 18544, which is a natural support and a fib retracement zone we need to see if BTC is going to go up during that period. I anticipate that it will:
So to boil it down a bit, we anticipate BNB dropping by 6.4% and if we do a 1:1 inverse ratio, that means that BTC is expected to rise by 6.4% as well. That would put BTC at around the 6300 Zone where it catches some decent resistance and also the territory of the (3) Wave down (which it can't penetrate with force). BNB is running a wave (4) Expanding Symmetrical bearish retracement presently. When it hits the 7300 mark, we should see a continuation wave (5) that terminates around 6700.
BNB acts as a tether when BTC drops sharply. So presently I am in BTC but as that limit approaches I will be rebuying BNB for the satoshical gain and also the fiat protection. When BTC bottoms out, moving back into BTC at 6700.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.