Buy & Hold Idea for BNB/BTC (May 2nd, 2020)

2 May 2020

I do not believe that this needs much explanation. There is some risk here as BNB has been in a very long downtrend against BTC for quite some time, however, I believe that the FA, coupled with the TA here, makes it for a worthwhile bet. Stops can be relatively wide here IMO because BNB holds value beyond just trading it.

Not financial advice. Just learning how to chart!

3 May 2020

Not

The "Manual Stop" Area may be good for DCA'ing into this. I will continue to update the idea.

3 May 2020

Not

This is looking weak. Still bullish on BNBBTC so not letting go of this just yet.

3 May 2020

Not

We're in do or do around 18300. Not wanting to let this go due to strong FA but we'll see how it goes.

4 May 2020

Not

DCA'd into this for better entry and RR.

7 May 2020

İşlem kapandı: durdurma seviyesi

This setup got destroyed by the pre-halving BTC move. I'm still holding and will post a separate setup. Phew. What a rip.