EuroChartCreator

#BTCEUR remains in bull flag since the March ATH, with a quick hit-n-reverse ~45k #EUR which is well telegraphed before July 24Q2 review. While the path toward that Aug. low is more complexe then I initially expected, it exactly fits the corrective characteristics of a 4th #Elliottwave labeled in yellow.

To the upside, 90k region is a very good conservative target, it would make orange (5) roughly 0.618 of (3), and yellow V 0.618 of III. Additionally 2.236 is a common target for a 5th wave, in this case for the yellow V. 2.618 or 116k can be an outsize target but we will only evaluate its possibility after the March ATH is taken out.

For now the Aug. low is important to watch as it happened to test the lower limit of the most bullish interpretation. By no means the longterm bullish potential breaks if BTC gets lower, but making a higher low in Sep. would be a nice confirmation of an immediate bull run. Under 40k EUR would be a red flag for bulls and under 36k the impulsive upside potential will no longer be viable. Longterm hodlers can use the 50/55WMA combo or the 89WMA as guidance to manage risk.
Looking closer, the action off the Aug. low is rather corrective, but that's ok as we are looking for a wave 1 which can be an LD, and the entire 5th can also be an ED. For shortterm traders 50k-47k is a decent long entry and fibs support for bulls, with defined risk of 46.9k stop. Bears on the other hand can use 55k and 56k as aggressive short stops.

TLDR: maintain $BTC target 90k #euro as long as 45k holds.

#BinanceTurns7 and I remember vividly the days BNBUSDT was trading under 10 bucks around the 2020 crash. For reference, $BNB went ICO in July 2017 for $0.15 or 2700BNB/ETH. As per the yellow fibs below, BNB went parabolic to the May 2021 top and got through a flat #Elliottwave correction till June 2022, where a new rally phase as per the orange fibs can be observed.

That context is important when evaluating #BNBEUR as trading against #EUR didn't start until 2020 so we miss some info for the yellow fibs. Nonetheless the long term posture of both pairs is rather bullish, since parabolic move typically does not end with a long flat top. This sideways consolidation of more than 3 years is more likely building a firm base for more upside.

Looking closer at the orange fibs, one can see the strong resistance around 580 euro where BNB had a failed breakout, slightly missed the 1.618 extension. The reversal was swift into the low 400 region where support was expected:
6/14 BNBEUR hourly 530 vs 5806/20 BNBEUR still below 580 cluster

The action since the March 2024 top has been very messy, as demonstrated on the daily chart, but one can argue for yet another sideways consolidation after a parabolic rise.

The reaction off this July low at 421.2 has been constructive so far but I will not be surprised by a lower low. My bias remains bullish above 350 EUR, going under that will be a red flag and under 300 I will have to look for an exit.
#BNBAnalysis

Take the super long term #EURUSD chart with a grain of salt, but beside the usual fib levels, the region around 1.15 also seems interesting.

For the next few months or even years, the Jul.2006 top is much more relevant. Off that top the #euro falls against the #dollar in a very corrective fashion and I can argue for a #Elliottwave diagonal being completed. As long as 1.05 holds, immediate path to the upside should reach 1.16 minimally, while 1.24 seems to be a strong resistance.

Back on Binance one can take advantage of the Zero Fee Promotion for the EUR/USDC trading pair. Even with sippage due to low volume, it still has a very interesting structure on the hourly: a flat correction retracing 0.618. I would watch the last two lows, 1.06 and 1.03, closely if attempting long #EUR

$EUR $USDC

Filtering out intraday noises, #BTCEUR monthly has been in a very tight range since BTC struck a ATH in March.

Looking closer at the weekly, the "drop" from the March top has been corrective and looks more like a consolidation/bull flag than a crash. Again from last week: even a drop into 45k #EUR is very bullish, a typical target range of 4th #Elliottwave is the 0.236-0.382 retracement of the 3rd, in this case roughly 52k-45k. Warning for long term holders: under 34k is not good!

Getting to the daily, typical targets for the ABC pattern are 1.0/1.236/1.618 extension of A, here 52k-49k-45k. Where did I hear that range before?
While I much prefer a lower low to be seen, to be more confident about the pattern but also to be able to buy more, we're technically close enough to declare the first target of 52k has been reached. It would be a pity if the correction ends here.

Attention check: without going back to the monthly chart above, did you notice the drop since July?
Now sentiment check: did you panic for the drop of the last few days? Should you?

#BTCanalysis

Got some free LISTA (many thanks to Binance Megadrop!) and #LISTABNB seems to have a very interesting #Elliottwave structure: an impulsive 5th wave went right into the 1.764 extension, slightly exceeding 0.618 of the 3rd and the rising wedge, and got rejected from ATH.

The drop looks impulsive but arguably only 3 waves so far so immediate path higher still possible if 0.0012 holds and back above 0.0014 would make a stronger case for that. However if a fifth wave forms, probably in the ballpark of 0.0011xxx then a much larger drop likely follows after a corrective sideways-to-up action.

As is right now, I like $BNB more and therefor sold some LISTA. Please note though, charting in minutes and charting new coin are both not very reliable, so this post is a combination of both and should be taken with a huge grant of salt.
I'm probably not gonna look at the LISTABNB trading pair for a long time, until it gets more trading history or unless LISTA gains more traction and can be traded against #EUR . I do plan to review the weekly/monthly charts of #BTCEUR and #BNBEUR this weekend after the quarter close: longterm charts, of major coins, against major fiats, are much more reliable.

$BNB got the expected lower low and the subsequent bounce is corrective so far. The #BNBHODLer activity gave a boost from the 536.8 #EUR low but note the rally off the 550 low seems to be 3 waves in #Elliottwave term. If that low holds, measured move to the upside only target 579.1, around the important 580 level for #BNBEUR

Weekly view: look for 420 if under 510, without invalidating the longterm bull case; aggressive long should already have a stop under 540 though.

Bonus: those interested in the potential outperformance of BNBvsSOL should pay close attention to the 0.20-0.16 region of SOLBNB, and I would not want to see it drop under 0.13:

#BNBAnalysis

$BNB clearly posted a 3 waves up in #Elliottwave term, off the 511.4 low and reversed quickly below the 2021 double top.
First sign of new bullish trend will be back above the upper half of the red channel ~= the important level of 580 #EUR
Until then I'm watching bottoming structure for #BNBEUR around 530:

Failing to hold 530 on the daily, or 504 as intraday signal, next major support will probably not be found until the lower 400 region:

While the stops from last week are no longer stops, their price levels remains highly relevant as #BTCEUR is still trading mainly in range of 3 weeks ago, between 62k-65k #EUR
I'm currently watching two #Elliottwave path:
blue as diagonal to retest the March top north of 67k;pink as impulse down to the 2021 top around 60k;

I'm giving blue path a slight edge at the moment as $BTC is still on top of the symmetrical triangle but there's a lot of air under 63k. In the very short term aggressive trader can use 65.7k as short stop or 63.6k as long stop.

After #BNBEUR breaking out of a triangle to the upside, the target of 700+ #EUR from Wednesday becomes even more realistic. However, several indicators are showing negative divergence on the daily and weekly. Given triangle in #Elliottwave term is either a 4th wave or b wave formation, with only one last leg to go, one should be cautioned that the current rally will end soon and a sizable correction will follow in probably a few weeks. Longterm $BNB buyer should be able to get a better entry in Q3 or Q4.
On the weekly chart while several projections point to the 750 region, one should pay close attention to the breakout level around 580, with 13 SMA as last defense.

On the very short timeframe, the 617 level from Friday is still holding, I'm now moving it a bit lower to 616 as stop for agressive long, and adding 655 as stop for agressive short = confirmation of upside continuation.