Get started

BNB-BTC

The Ballsy BNB TradeGood afternoon folks! After calling the top on the Bitcoin ratio for Binance Coin (BNB), I suggested a large bounce could occur in the wake of the Binance hack news. That played out nicely, but BNB failed to reach past 45000. In my recent video, I talked about how I think BNB is reaching a "last chance" bounce zone. This is because it has JUST wicked off the long term rising log trend support that dates all the way back to 2017, when it first came on the market. That's right. BNB has never been in a downtrend against Bitcoin. What this also means is that if it breaks below current support (right at 31000, perhaps with some wiggle room down to 30000), it will be a change of trend for BNB, and it will look bearish against Bitcoin for the very first time. This is extremely significant. To be clear, either direction is possible here, though I'm posting it as a long setup. Here are the potential trades I'm seeing: BUY - NOW or near 31000 Stop Loss - below 30000. Potential target SELL areas - 37000 40000 45000 50000 75000+ OR - you can SHORT/sell the breakdown below 30000 as it could be pretty massive (confirming the end of the uptrend for BNB). Previous BNB charts linked at bottom. This is not financial advice. I am not making this trade, since BNB isn't part of my long term portfolio and I'm happy with my positions. This is for educational purposes, and to show what a potential setup would look like. What you choose to do is up to you. -Victor Cobra
Long
by VictorCobra
BNB-BTC Inv-H&S in the making?Here is BNB set up I see. (Target=0.006 BTC) Inv-H&S (Continuation pattern) in the making on Daily chart, volume looks very healthy and RSI comfortable in the neutral zone. Plenty of support below (multi-60 EMA ribbon giving very good support range), also 60-EMA in yellow is holding price very well. Caution: > If BNB breaks below 0.0035-0.0033 BTC range then this pattern might be invalidated (I will try to keep this post updated) > This is a long term set up so have patients and wait for this pattern to mature.
by ammypatt1987
BNB/BTC cross plays ahead of speculated altcoin decoupling.BNB/BTC stickiness might be something to watch for in the future, but as BTC bulls rally on to 5,700 resistance before a 6,000 breakout, Binance yet lacks the heft to overtake Bitcoin as influencer. On cursory analysis, BNB appears to be entering a short period of ranging, but whether this actually happens may depend largely on BTC's continued effect on the altcoins, taking to a trend cycle with robust volatility to keep BNB's home mill on the upswing. As the market for crypto continues to grow it will be interesting to see if BNB will remain neutral enough to benefit from global participation. Of course, this is all speculation, I have more questions than answers about this market, but what do you think: What factors make BNB vs. BTC so exciting, and what plays should traders be considering, and where?
by latticephreak
BINANCE COIN (BNB) bumpity bumping against ATHEveryone is saying BNB has risen enough and needs a correction. Perhaps they're right - the resistance at the all-time-high is indeed strong, and my finger is still hovering over the sell button. BUT, as with Bitcoin, Ethereum, Ripple and so many others in 2017, reaching an ATH is sometimes just the beginning. Markets are held back by 'overhead supply' from people who bought long ago. They wait until the price rises back to the point they bought at and then they sell. Once the ATH is breached, there is no more overhead supply. That can set a coin free to fly like a bird. Fly, little birdy, fly!
Long
by GlenGoodman
BNB thoughts Here is my current outlook on BNB. Nice price recovery so far as anticipated with the next IEO coming up in just over a week. I do not anticipate a dump in the next few days. Price should at least hold near these levels. If we see a continued pump toward ATH I would take profits around .0044 and buy back lower after post IEO sell off. My targets are outlined as scenario #1. If we stay range bound (see: yellow box) leading up to the next IEO then .00394 might be about as good of a price one will find to get out. If this is the case I anticipate a much stronger sell off; scenario #2. Regardless I would not be holding through the IEO unless you are a long term HODLer.
by DefineRisk
Hedge Against BTCThis is a very simple explanation on why I am long in BNB coin. It is a great coin to hedge against BTC because it is a very useful utility token that Binance users use to reduce fees in transactions and liquidate their positions. If you see this graph, BNB has gone up around 250% since the start of 2019 while bitcoin has rallied down most of the time. The line in black is the trendline that effectively crossed in multiple resistance and support levels shown in the little red circles. It would be a good opportunity to enter this trade because we are trading below the trend line. Also, to confirm this trade and that we are actually sitting in a resistance level we can see that the EMA 50 (purple) has been a great support for the last three months and right now we are trading below it, so the ideal strategy is to buy the support and sell the resistance. Sometimes could happen that the candlesticks drop below the EMA 50 and usually hit their next support at the EMA 200 (green) in that case I would double up on my position and create a DCA, HOWEVER WE RULE OUT the possibility that this happens by using the STOCHASTIC indicator that potentially indicates that a buying pattern (or trend reversal) will soon start. Thank you guys. If you really like this idea THUMBS UP I am studying technical analysis to be even more professional.
Long
by Cincottitrader
3
CELR | TRADE ANALYSISFor those looking to trade CELR on Binance, there is a possibility to enter now between 620 - 645 with a tight stop loss at around 613 in our opinion. DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page.
by Axsonex
2