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BNB-BTC

BNB/BTC: Tattoo shenanigans Taking a look at BNB here after a lot of recent news and announcements... CEO of Binance CZ got a tattoo of the BNB/Binance logo on his forearm, proceeded a pretty nice pump from the middle of a range to almost what appeared to be a breakout..... Ended up being a fakeout and resistance around 16k sats held. Looks like 14k sats may be support turned resistance here, on the 3day it appears to be closing under, indicating that it may continue to range in this lower area between 14k sats and the lower support of 12k sats The purple line I drew is because I think the range will continue to a little while... and then lead to an eventual breakout. News of the DEX and other developments in Binance is always bullish for BNB which makes me think we might eventually see a breakout. No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
Long
by chartsdragonbtc
BNB good hedge while BTC and other Alts dump? Upon news of the BTC rejection of an ETF, BTC and other alts have plunged while BNB has been making higher lows/highs. The trend is still valid if BNB can stay above the yellow dotted line. Resistances can be seen around the two green lines up above. If BNB can stay above the yellow dotted line and grind higher, we can possibly see BNB break from BTC and move in the opposite direction as people find a better hedge against BTC whether that be BNB or Tether - this has held true in the past. If we definitively break the yellow dotted line, this C&H might then be invalid and it is time to re evaluate the position and take profit/losses. I will keep you updated as this plays out :D
Long
by thenotoriousbtc
BNB to rise throughout BTC retracementWhen Bitcoin begins a retracement after a large pump (such as has begun today), BTC traders have three main options to prevent losses: withdraw to fiat move funds into Tether move funds into Binance Coin (BNB) All of these are temporary, until BTC finishes it's move down, and then funds can then be moved back into BTC for the next huge rise - which is coming. But both the fiat and tether options (which are essentially the same thing) miss out on the opportunity to benefit from BNB's relationship with BTC. Generally speaking, when Bitcoin is going down, BNBUSDT is going up (and vice versa). As the fees coin for the biggest exchange in the world by volume, BNB is the temporary safe haven of choice for many (but without the inherent disadvantage of a stablecoin such as USDT). The beautiful thing about this relationship is that with well-timed moves, you are either making profits from one or the other. BNB has very strong support at $12 (even during the huge BTC pump of this week it did not drop below this level) and strong resistance at $17. Having started today at the base of that range ($12.15), and with the Stochastic RSI primed for a nice rise, there is plenty of scope for BNB to rise to between $14 and $17 as traders move funds temporarily out of BTC. The next week should prove very profitable for BNB. BNB also just happens to be an excellent long term investment - slow but steady, and relatively predictable based on Bitcoin's large moves. Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
by BCryptological
2
BNBUSDT (Volume Analysis Prediction 7/13/2018)Ticker: BNBUSDT Exchange: BINANCE Mid term signal: buy The coin moves irrespective of the market Now the coin is on global support We buy after the reaction of buyers Stop put below lower point of the current wave From this support, price unfolded several times And the reasons to be sure that now the price will break down this point, we do not have We have an excellent risk-profit ratio After completing the first goal, move the stop to the break-even point Enter: 12.45 Take profit 1: 13.50 Take profit 2: 14.65 Take profit 3: 15.60 Stop: 11.77
Long
by mooncatcherpro
BNBUSDT (Volume Analysis Prediction 7/09/2018) Ticker: BNBUSDT Exchange: BINANCE Mid term signal: buy This coin goes by itself This coin goes clear from level to level, and from this is more attractive Now the price of support, and formed a pattern of "false breakdown" Yes, maybe we will get a loss But we have an excellent risk-profit ratio And we have the opportunity to be at the very beginning of the trend Also notice when the market falls, this coin either grows or stays in place, which indicates that the capital is flowing into it Enter: 13,92 Take profit 1: 15,04 Take profit 2: 16,50 Stop: 12,93
Long
by mooncatcherpro