BNBBTC
BNB/BTC to bounce +15%Ever since Binance’s token BNB has set a new all-time high against BTC in mid-February, it has traded mostly in the range between 0.0040s and 0.0050s.
The support level has been gradually moving lower, so Cindicator’s tokenholders voted to ask Hybrid Intelligencec a question about BNB:
“The cryptocurrency Binance (BNB/BTC) settled at 0.0045352 BTC at 09:45 AM UTC at the Binance exchange on Monday, March 15. Will BNB/BTC trade above 0.0052155 BTC (+15%) earlier than trading below 0.0038549 BTC (-15%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 88%
This is a bullish sign, suggesting that BNB is likely to bounce back from this level.
Dipping below 0.0040 could cause a deeper correction, but it’s more likely that BNB will be pushed back into 0.0050s. This could be a good time to add to a long position in BNB or make a few sats swing trading.
BNB/USDT | Potential Upward Movement 🚀 🚀 🚀 Technical Analysis:
The price on the higher time is trading inside a bullish channel formation where it posted a lower correction to a daily support. On the 4-hour time frame, the price is trading within a bullish pennant channel near a strong confluence zone between the 61.8% Fibonacci retracement level and a relevant support. This could lead to a pump to the upside toward the 294.41 USDT Mark.
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Trade Idea:
Buy Limit Order @ 254.01
Take Profit @ 294.41
Stop Loss @ 233.81
Trade Safely 🙂
Bearish on BTC until strength shownNot a big fan of the price action around the pink line. Exited position at 60k and waiting for strength to be shown above the pink line. Interested to see where the day ends in 2 hours.
I was hoping for bounce at 60k yesterday and not a falling under for it to only slide downwards.
As always, the schiff pitchfork i use has the values listed in the linked idea. If you like it, feel free to use it.
Binance - Long Signals31D:
- 20 Days until TD Sequential trend exhaustion.
- Pivots (Fibonacci) targets R2 & R3 within reach.
1D:
- Above Nison Strategy 'Trading The 9' EMA.
- Williams %R crossing mid range up.
- RSI bounce from mid line on Piercing Pattern in PB&J sweet spot.
12H:
- Piercing Pattern within PB&J sweet spot.
- TD Sequential bullish flip.
8H:
- Above Bollinger center band.
6H:
- Between EMAs suggesting potential bullish reversal.
6H:
- Change of Polarity (old resistance becoming new support)?
- Shadow-30 PB&J pattern long signal within PB&J sweet spot.
- Support bounce on Inverse Fisher ALMA.
- Deep within Fibonacci pullback between 38.2 - 23.6.
4H:
- EMA 50 support.
3H:
- Change of Polarity.
1H:
- Hammer
- Hammer on Bollinger lower band.
- Ichimoku potential reversal area.
BINANCE COIN! A defined Setup with Huge Risk:Reward!BINANCE:BNBBTC
🚨PLEASE LIKE AND SHARE IF YOU FIND IT USEFULL🚨
Some of you liked the way I explained my procedure for enteering a trade and calculating position size in my EOS/USD swing trade, so today I'll try to replicate it with this new BNB/BTC setup that I found.
** This analysis is ment for educational purposes, not financial advice. Trade at your own risk **
🟠 ¿WHY AM I ENTERING THIS BNB/BTC TRADE?
The first thing to consider is that there is clear evidence that the 2019 highest weekly close is acting as support after breakout. The previous two candles have long wicks down that immediately show rejection and return above 0.00456. Context is also important and should be considered, especially since cryptocurrencies show the highest correlation of any market. In the lower right graph we see Bitcoin in the daily time frame, which is currently breaking out from it's all time high of $57,500. As explained with red lines, a continuation after a daily close happens above is pretty likely. Keep in mind that the only reason you want to buy an Altocin instead on Bitcoin in this case, is if you expect it to go higher percentage wise. Assuming that BTC continues to rise after this breakout, altcoins will rise in a similar way, unless they have a particular setup as is this case.
In the upper right graph we see Binance Coin against the US dollar, which is currently in an area with a confluence of two types of support:
1. Horizontal Support at $255 derived from the highest daily close of the first of March.
2. Trendline support from extending the broken triangle formation.
With this in mind and considering the three relevant graphs, I believe that Binance Coin will rise against Bitcoin in a way similar to the last Leg Up of more than 200%. Not only that, but I also believe that Bitcoin wil rise as well, compounding the efect of your gains against the US Dollar. I believe that it will also happen in a more predictable way, allowing traders to use much larger positions without risking a larger amount by having a stop so defined and so close to the entry.
🟠 ENTRY (0.00457)
For this swing trade it does not matter much if we place the entry right in the highest weekly close of 2019. Price is currently just where we want it to be, so in my case I will enter with a market order at the current 0.00457 price.
🟠 STOP LOSS ( 0.003975)
As explained on my previous idea, the distance between your entry and your stop loss is what should define your position size, not random numbers or a percentage of your account balance. However, you shouldnt try to place your stop randomly close to your entry either, but at a place where you feel like the price reaching it invalidates the whole setup. In this case I will use 0.003975 as a stop loss, because I think it is far enough apart to withstand a flash crash if it happens, but not so far that it affects my position size too much. Aditionally, any weekly close below the level of support, would also be an early sign for exiting the trade, even if the stop loss hasnt been reached.
🟠 TAKE PROFIT
Defining take profits in an all time high is one of the most challenging things in formulating this type of setup, mainly because there are no areas of horizontal resistance that you can plot forward. That is why in my opinion, as long as you know that your probable take profit is at a reasonable distance that meets your R:R tolerance, you can eventually decide based on analyzing market conditions as a whole.
Knowing your take profit isnt necessary to calculate position size, which is also why I think it is less important than the price of entry or your stop loss definition.
🟠POSITION SIZE
Looking back to that EOS / USD trade, you can see that Position Size is calculated by dividing the risk ammount (What you are willing to loose if this doesn't work) by the distance in percentage from the entry to stop loss.
In this case I buy at 0.00457 and my stop loss is 0.003975, which is -13.3% below. Let's do an example with $100 risk ammount.
POSITION SIZE = (RISK AMMOUNT) / (DISTANCE TO STOP LOSS)
POSITION SIZE = ($100) / (0.133) = $751
This means that with a -13.3% distance to stop loss and a risk ammount of $100, my position size will end up being $751.00. If the ammount you get is bigger than the value of your portafolio, use leverage. :)
Thank you very much for your time and for sharing. I'll continue to update this idea as it develops, so feel free to follow me to get notifications on any news.
Feel free to post your comments or questions in the comment section. All positive feedback is well recieved.
Is Binanance going to have support here?Binance is in a great run but is it going to hold this support white trenline?
$BNB BINANCE IS AN ABSOLUTE MONSTER - 10X IN FUTURE$BNB IS A COIN THAT WILL NOT GO ANYWHERE BUT UP IN THESE NEXT 90 DAYS.
Binance is much larger than Coinbase in almost every metric. Private sales value Coinbase at approximately $100 billion. That begs the question, what is Binance worth? ALOT more than Coinbase so these $BNB tokens will be climbing in the weeks to come.
$BNB also looking very nice here with the TA.
Great Opportunity to make a lot of money.
Good luck out there, friends.
**NOT financial advice**
BNB/USDT ( buy after breakout )BNB / USDT
Binance coin finally cool off after massive Breakout and we can now set a new trade according to my view
Potenial bull flag pattern
Reatrced to golden fib level
Good RSI + MACD
100 Ema dynamic support on 4H TF hold price well until now
👉 You can only buy after the Breakout / retest of the trendline
Invalidation : if the price close by 4h candle below Local support area
Cryptomarket Trading include volatility and high risk....Only trade what you can afford to lose
Best wishes
Binance Coin (BNB) & The Binance EcosystemHello everyone, in this idea I'm going to go over a brief explanation of the Binance Coin token (BNB), and explain why I think this has the potential to increase in value.
What is Binance?
Binance is the worlds largest cryptocurrency exchange. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.
1. What is Binance Coin (BNB)?
Binance Coin is the crypto-coin issued by Binance exchange, and trades with the BNB symbol. Binance coin runs on the Ethereum blockchain with ERC 20 standard, and has a strict limit of maximum 200 million BNB tokens.
2. How Is Binance Coin’s Supply Controlled?
Binance held an ICO for BNB (basically the same as a IPO), originally selling 100,000,000 coins to those that wanted to participate. The founding team was allocated 80,000,000 coins and the other 20,000,000 went to initial investors.
3. How Is Binance Coin Distributed?
Each quarter the Binance exchange uses 20% of its profits to buy back BNB. Think of this like a share buy back that a traditional company would engage in. Binance will then destroy these coins (this is called a coin burn), in turn reducing the supply until 100,000,000 BNB remains outstanding. All in all, half of the originally issued coins will be destroyed.
4. Why is this positive for BNB ?
The rules of Supply & Demand tell us that when the demand of an asset outweighs the currently supply, we often see a increase in prices.
In BNB's case, first of all the tokens supply will be lowered over time with the BNB Coin burn described above: almost by half. Cryptocurrencies and Crypto Trading continues to increase in popularity and with Binance positioning itself as the #1 Crypto Exchange Worldwide one can only expect the demand to use BNB Token will increase, because BNB is used to power the Exchange Ecosystem, with features such as fees discount & digitized loaning & staking the growing user base will want to use more & more BNB token to lock in their fee discounts and receive potential rewards.
What does the chart show us ?
I can see two quite obvious formations on the chart which are giving us hints of the potential paths of movement here.
1. Head & Shoulders Pattern
In the Head & Shoulders Pattern price forms 3 distinct peaks after a strong uptrend, the left and right peak should have a similar height (shoulders), the middle peak (head) has to be the highest or this can not be a HS pattern . They should seem triangular in appearance but as long as it fits the main characteristics can still be a valid pattern.
You can click the above image for a further explanation of this pattern.
2. What is General Pattern Failure?
General Pattern Failure occurs when a chart pattern breaks out, fails to hit target, quickly reverses then rejects off that same breakout level back inside the pattern continuing in the opposite direction of the breakout. General pattern failure can also be considered a Liquidity Grab or can be referred to as a “Fake Out” also when it happens more rapidly after the original pattern breakout.
Pictured in the above image, you can clearly see how the price after heading downwards from the Head & Shoulders Pattern, came back inside of the pattern, "failing" it and then proceeding to head upwards from there.
So eventually, if the BNB token were to come back inside this Head & Shoulders Pattern support area, we have the potential for the initial downwards breakout to get rejected and fail. The parallel channel may be giving us a sign that the price is going to head in that direction now.
Learning to trade patterns such as these can provide great opportunities if you understand price action and how to identify the key areas inside the patterns that other traders and investors may be focusing on too, these areas become important psychological levels on the chart & price tends to have strong reactions from these areas.
If you enjoyed the insights you can show your support by commenting & liking - below i have linked 3 other ideas explaining the Head & Shoulders & Inversed version of the pattern for further education.
BINANCECOIN (BNBUSDT/BNBBTC) Potential Long Entry 2021/03/11Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $250-255 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
#BNBUSDT #4H #binancecoinHi guys..its the latest analyze chart of #BNBUSDT in #4H time frame .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
BNB First Analysis - BreakoutIdea for BNB
Mirroring bitcoin is a good sign
it seems to be acting independently during this breakout however
A breakout and continuation above a channel of this size would be massive
Been overlooking this coin for awhile now
⚡ BNB 12345, Huge Profits Coming 🚀As you can see in the chart, BNB has had a great bull-run in the past few months.
If BNB wants to complete its 5 uptrends, it is expected to experience prices above $ 650 soon, given the Fibonacci ranges.
Note that considering the hypothesis of decreasing buying desire by FOMO, in each wave of movement the rate of return will be less than the previous wave, and this can be clearly seen in this analysis picture.
This analysis is by no means the basis for decision-making and investment, and you must analyze the market yourself before making any investment.
Binance Coin (BNB) Can Hit $500 Soon (+120%)BNB has made incredible progress, making it one of the best performing altcoins.
BNBUSDT has been going sideways for a while now suggesting a breakout is imminent.
Technically BNBUSDT is ready for a breakout upwards. Bottom trend of BNBUSDT is being tested actively but the more a trend(line) is being tested, the weaker it becomes.
That's something to watch out for. A breakout downwards is less probable, but not excluded!
BNBBTC (bottom chart) looks more reliable and clear.
You can tell BNBBTC is creating the same scenario as before. A strong demand zone (green box) and lower highs creating a descending triangle in a bullish trend .
It's just a matter of time for the next pump to be big enough to break that supply zone (red box).
(In case TradingView messes up my drawings on the bottom chart.)
Taking it all in consideration it looks pretty bullish .
Target:
If BNB follows its bullish course, it's solid to estimate the next pump will be about the same intensity as the previous ones which were 120-150%.
$500 equals an increase of 120%, it's a round number and is by nature a psychological level (of resistance).
$600 equals an increase of 150%. It's also a round number but not as round-round as $500 ;)
The way BNB works also explains why BNB is surging.
BNB can be bought on Binance and then be used for transactions as the fee currency. It's like the in-house currency.
By using it for transactions you pay 50% less in fees and you can save more money over time.
BNB is pre-mined as 200 million BNB tokens meaning all tokens are already in circulation.
The BNB that gets used in transactions is then burned making the currency gradually deflationary. Binance keeps on burning until the supply is cut in half. (100 million tokens)
Around 30 million tokens (30%) are already burned. That's 70% more to burn. See this overview of burnings .
BNBUSDT Is forming a sweet 5th elliot stepLooking at the chart, it is quite probable there is a sweet jump in the price waiting for our beloved BNB coin.
BNBUSDT (BINAINCE COIN) Struggling to BREAKPOUT! ANALYSIS 🔎
Here is the 4hrs chart on Binaince Coin. BNB has tried many times to hit resistance here!
- BNBUSDT is consolidating in a descending triangle pattern.
- I think relatively a big move is imminent if we breakout the descending resistance
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the descending triangle inclined resistance.
- Downtrend ⬇️: breakdown below support.
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