+10% How I Bought The Bottom And Sold The Top Of BNB Overnight No Stress

BNB/USDT is still very much influenced by the BTC price movements and sentiment. It was due to break out of this triangle when I started watching the BNB graphs.

You can see the BTC/USD BNB/USD interactions with this bar overlay. I stayed up until 4am last night waiting for BTC to drop at the top of its consolidating triangle. When BTC dropped and the triangle's bottom support held up, I knew it was a good time to buy BNB.

I noticed that BNB had overcorrected and it was still at previous lows. BNB was my coin. Knowing BNB spiked when BTC sentiment was high, I knew that BNB was due to spike as BTC held at its rising support. I bought at 11.9 BNB/USD, watched BNB fall, and decided to hold for the night. My stop order was a support from a few days ago. I set an alert for BNB crossing 12.3 and fell asleep.

My alert woke me up in time to sell at the top of the BNB spike. There is no analysis to selling at the top of a BNB spike like that, if you hold you will wait days to weeks waiting for the MA to reach those levels again.

The Stoch Indicator and MA of Net Volume were detrimental indicators in confirming the BTC price movements, but don't often make sense on the BNB/USD exchange. Use these powerful tools wisely.