Binance Coin (BNBUSDT) has gone below the 0.786 Fib. retracement level but this only confirms after the daily candle closure.
We saw massive outflows from the exchange and their delisting tactics are back in full swing.
Watch-out as your money gets stuck in pairs being delisted without warning. They can always give a warning before time; days, weeks, months but it is normally done without warning.
✴️ Binance Coin Final Shakeout Of 2022 | 2023 RocketShip! | Published 10-Dec.
We remember an exchange that used to be at the top, won't say names; Bittrex, yet it decided to list tons of scam coins and run a massive amount of clients disturbing schemes. They are no longer #1.
We remember another exchange with massive daily volume, won't mention any names, BitMEX, that ran embarrassing types of manipulation... Great trading volume no-more.
We remember Binance being #1, until they started to screw everybody up.
Or maybe that's just how things go... It is a casino after all. Don't know if you are aware but casinos skew the numbers in their favor, the house always win.
The bearish targets are as follows, $185 possible if the 0.786 support breaks. $134 only possible later, we will have to go deeper into the reading the chart because we are ranting and...
After the correction, it normally recovers and tends to move back up.
But this one will also replaced because they are playing against their own customers and that's a huge no-no!
Namaste.
ノート
$50 Is also possible if charges are announced officially... Or the chart shows this potential regardless but there is always some sort of catalyst, some sort of news that comes up to fuel the event.
The chart shows us before it happens though... Here it is, BNBUSDT on the weekly timeframe: