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BNB Profit Taking Levels & Retracement Levels To Look For Just some quick analysis on BINANCE:BNBUSD BINANCE:BNBUSDC BINANCE:BNBUSDT Seems to me like a pretty damn good location to start offloading some of your position. - Coming in to multiple key profit taking levels. I.E. ABCD objectives, range extension reversal zones. - Markets generally don't move in a straight line for long periods of time. - Overbought / parabolic market. - Waaaay above value based on real volume distribution. Real 'value' for this asset isn't until about $10.92 which lines up nice with a 78.6% retracement relative to the previous cycle's trough. Not financial advice, but obviously if you're looking to make money in a market like this you really can't justify coming in and buying BNB right now. To me this looks like the end of the move more than the beginning of the move. I'm NOT saying this is the top of the market. Not saying that at all. We could easily go higher. I'm just saying we're clearly in a parabolic market and coming in to levels where a lot of smart positions traders are selling. If/when the market moves higher we'll need to readjust our fib levels to paint our Key Reversal Zones (green boxes) a bit larger and a bit higher. Just my two cents. This isn't a trade setup. Just wanted to point this out on the BNB chart because its price action is quite different than all the other assets in the space. Want to learn the basics of technical analysis, risk management, setups, and the fundamental principles of profitable trading? Check out our Level 1 course. Giving it away for free right now for Tradingview users to beta test over the next few weeks. Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money. Use discount code 'Tradingview' - learn more and get a free course preview here education.truebinary.io Cheers, FromTheEth
BINANCE:BNBUSD
by bitflip01
Breaking The Trend?Are we breaking the downtrend? As far as I'm concerned we have two trends to break: the one with steeper angle and another with more gentle angle. As you can see we can predict the timing of breakouts very accurately with straight lines. This graph shows that we have broke out of steeper angle trend and poked little bit of gentler one. In my book we need to haven't quite broke out of the downtrend yet. We sit on the 2017 September resistance levels which turned support in October. For that to happen we needed quite aggressive push to 6000+ and the rest is history. I'm waiting this to happen, but meanwhile I want to show you this portfolio management tool. You can see inverse correlation against other altcoins so it makes trading easier when you can track which coins are on downtrend and which are going up. It works in all time frames so it's valuable tool when it comes to trend analysis. Does not work in Binance, because apparently we TV doesn't have Binance support for this just yet. I'm working on making it support all coins. These are random coins to play with.
BITMEX:XBT
by HeOnSun
BINANCE COIN READY TO RALLY... AGAIN?This project has been one of the best preforming assets in this bear market so far. After a 3x+ move in the past few weeks/months, this coin still looks surprisingly bullish. Printing a bullish pennant and a bull flag on the RSI, it seems like Binance Coin has some gas for another leg up. After CZ, (CEO of Binance) has announced another Binance Launchpad ICO: Celer Network that will take place on 03/19/19, that you can only buy with BNB, I'm expecting some FOMO bullish movement again with the hype and great performances of the previous launchpad ICOs: Bittorrent, (pulled a 5x) and Fetch AI. Treading carefully, but this pullback can be a great entry for the next run.
Long
by DIOR88
OMG 4HR Buy ZoneOMG approaching a key support level. The purple lines are resistance/support. The orange are the trend lines. Here's a quick run down: - Volume is looking good and is declining. - MACD is looking to swing onto the bull side. - Candles are still getting rejected to by the 10 EMA but despite that, all three of them are getting close to catching up with the 4 hr candles. Most importantly though, the RSI tends to bounce from 25-30 and currently it's around 43 so it still has some ways to go. (I've been using RSI a lot more over the last few months as it's been very useful.) The buy zone I've indicated between 1450 and 1370 is where I'm looking to scale in and buy some OMG.
O
by tired_man_willis
ICX Short Term Play 4hrICX had a nice 22% bounce since the bounce from $7k. After some green days we are finally getting the pullback that is needed. BTC is floating around $7.5k for the time being and can possibly retrace a little more around $7200. That being said, a drop in BTC will result in a drop in alts. This box that I've drawn is my buy zone and I have a few orders layered up. Additionally, I'm looking to see if the candles hit the trendline which could signal a potential double bottom. Things to add: Volume is declining signalling a potential break soon. RSI looks to bounce, historically, off the 20 or right above it.
Long
by tired_man_willis
BTC Bullrun, Altcoin Summer, and a few picks!Are you ready to ride the bull? After a few weeks of a much needed correction, BTC and Alts are starting to look really good again. BTC broke the 10k downtrend line recently, which should act as support, and we're nearing the fib that has one of the best probabilities of holding up the .618. The fact that it aligns quite well with the downtrend line isn't for show, it's painting a highly probable breakout in the near future. Although we could drop to the golden zone, I think there is more risk is waiting when the reward is as high as it is moving up. Waiting for a breakout seems smart, but if you miss a quick ascension most of the time spent waiting on the sidelines for a good deal will be wasted. It's really not that hard for BTC to go back to 8600. There isn't much resistance in the form of units as we've seen the RSI continue to show less oversold candles during the sideways action of the low 8k region. My personal opinion is that there won't be much resistance there either and we won't start to see some until the mid 8700's and with how much the supply has been drained, it's possible that a big player buys a big bag and the bots need to continue a trend, to have the amount of units to continue being market makers. Over the next month or so, we will see another attempt to bring BTC up and over 10k, and this time it will be a lot easier. I'm expecting BTC to eventually get into the 11k region and maybe higher if the fomo hits, supply units continue to run dry during critical moments, and ultimately if people don't sell too early. During that time there are a few alts to bag up, in order of expected R:R WAN - Heavily corrected, innovative and useful to all blockchains, and a very low supply all suggest a massive run could happen at anytime. I don't see much in it's way either unlike a lot of potential risks that a few of the other picks below will have. Although I am a big fan of VEN, it has not really corrected much over the past few months, and with main net, VET, nodes, etc it could be dumped into the FOMO of the FA marketing there. It's less likely than an airdrop but sell the news, buy the rumor is still very relevant. I'm currently mixed on the young Antshares look alike, but overall feel like it's a decent pickup if you're into the longer dividend game. I've been looking into ELF lately and although the $1 decentralized blockchain is very tempting, I feel like it will have to fight more inbound supply in the future. Although max supply is 1B currently there is only 250m in the market, which is fairly low for a coin that shows promise and is currently sitting at $1.22 - It's pretty heavily retraced, at one point it was sitting near 40% when the rest of the alts on discount were at 33%. It's still fairly new into the game, as the charts don't really have data for it for a full year, so it could be doing the standard sideways infant stages before the big breakout. I'm pretty mixed on EOS. On one hand it seems Bitfinex wants to integrate it into just about every function of it's business, but on the other hand there is a lot of negative PR out there. It was one of the strongest movers thus far this year, and could continue to be, but overall I feel like was a lot of fomo going on, and although I do expect it to do well, I'm not sure exactly how well. Supply isn't really all that low, but if enough people are using it, liquidity will dry up. The elliot wave count on it supports a very big push but it could have already finished a 5th and we might only see a B wave on the next BTC rally. I'm not sure if EOS is priced in or not, but I do not expect it to nearly as well as it did respectively to the last run up. That being said, I'm still interested in it as it could end up seeing some sort of double from the current $12 region, but I'm not sure that a 3x is there. Personally, I'm trying to look for coins that have a decent probability of a 3x over the next few months. EOS could. Not financial advice
Long
by Blockchaingang
1
When will POE bounce? That is the question. Similar to my STORM analysis but with a slightly smaller top end available, POE looks to be entering into it's major support area that took it over 670 sat. Granted I think it's highly possible we could be in for just the B wave of an ABC correction, so I've set the R:R to much less than that. If it breaks the top end major resistance, it could very well retest the 650 area, but it's a little too far away for us to make any assumptions in relation to that, as it will be predicated on what BTC does in the days to come. Sitting in the 510 region as I write this, I feel as if it's a great opportunity to get into a project that not only has a working product, but with plagiarism being a major issue on the internet provides utility that you can write home about. Not financial advice,
PLong
by Blockchaingang