By nazrul70 on Skatehive
dailyhodl online news : A widely followed crypto trader is warning that Binance Coin (BNB) is on the verge of collapsing against Bitcoin (BTC). Bluntz tells his 224,500 followers on the social media platform X that the BNB/BTC trading pair has formed a bearish swing failure pattern (SFP). A swing failure pattern in an uptrend typically occurs when price makes a series of higher highs and higher lows, but at some point fails to make new highs and sell-side pressure begins to mount, hinting at a bearish reversal. Says Bluntz, “BNB is still top of the priority list for shorts. [There was a] savage SFP on BNB/BTC yesterday and the USD pair simply looks like an A-B-C [correction] up still. Also, [BNB] has the most horrendous high timeframe chart in my opinion.”_ https://dailyhodl.com/Bluntz/x.Source The BTC Crypto market is being affected by several factors, which can lead to a bad situation. First, the crypto market is highly volatile and volatile. The main reasons could be the salutatio