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Bnbtrader

Binance Coin: All about patternsSince Cryptospace has become more popular.. trades are more intensive and technicals. This is just an idea of what could happen with BNB in the next few days... Just an idea ;) I think this could form a Cup, that will be confirmed if price crash for make the handle... that could show itself as a H&S or some kind of Harmonic of reversal trend. +EMA 21 just cross EMA 55 +Volume increasing +MACD positive correlated. Let's see... for now.. TRADE the UP!! And after that.. it has loooooot more to rise! GoodTrade! -CJ-
by CristoJaraba
Interesting times ahead for BNBI've been following this for a few days now, BNB seems to be trading in a textbook ascending triangle. Volume has been diminishing the further it gets along the triangle. Volume also picks up a bit on the moves up. RSI not overbought, starting a nice slope up. Candlesticks printed three white soldiers, so a bullish pattern. Furthermore it has been in an uptrend for a few weeks now and it has good fundamentals behind it. So if volume picks up on the breakout, then a move to the 18 Dollar range wouldn't surprise me. I'm not a financial adviser, I will not take any accountability for any losses on your behalf. Otherwise, happy hunting. AndyN
Long
by Andy_N
Binance Coin BNB - Triangle formation 5 APR UpdateLEGEND: RED - Resistances YELLOW - possible support/resistances LIGHT BLUE - Trend Support It looks to me like BNB has finished a 1-3-5 Motive Elliot Wave yesterday. I'm currently expecting a correction to a maximum of $11 - based on the current trend support. Right now BNB seems to be forming a triangle. But I'm not sure yet as to *where* is the end of it. I have to wait for the Possible purple trend line to be validated/invalided. Based on current data I'm expecting either an "abc" sharp correction that might end anywhere on the red line (yes, even the dotted red line). Otherwise, it might form an ABCDE correction (meaning that it will go up a bit more before falling back down). Observe the *purple* MA(100) line. It follows it perfectly up until now. When it breaks below it - I expect the next correction wave to begin.
Short
by reynar
What is the 'Moving Average Convergence Divergence - MACD'Introduction Developed by Gerald Appel in the late seventies, the Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available. The MACD turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average. As a result, the MACD offers the best of both worlds: trend following and momentum. The MACD fluctuates above and below the zero line as the moving averages converge, cross and diverge. Traders can look for signal line crossovers, centerline crossovers and divergences to generate signals. Because the MACD is unbounded, it is not particularly useful for identifying overbought and oversold levels. Note: MACD can be pronounced as either “Mac-Dee” or “M-A-C-D.” Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals. BREAKING DOWN 'Moving Average Convergence Divergence - MACD' Moving average convergence divergence (MACD) indicators can be interpreted using three different methods: 1. Crossovers - As shown in the chart above, when the MACD falls below the signal line, it is a bearish signal, which indicates that it may be time to sell. Conversely, when the MACD rises above the signal line, the indicator gives a bullish signal, which suggests that the price of the asset is likely to experience upward momentum. Many traders wait for a confirmed cross above the signal line before entering into a position to avoid getting getting "faked out" or entering into a position too early, as shown by the first arrow. 2. Divergence - When the security price diverges from the MACD, it signals the end of the current trend. For example, a stock price that is rising and a MACD indicator that is falling could mean that the rally is about to end. Conversely, if a stock price is falling and the MACD is rising, it could mean that a bullish reversal could occur in the near-term. Traders often use divergence in conjunction with other technical indicators to find opportunities. 3. Dramatic Rise - When the MACD rises dramatically - that is, the shorter moving average pulls away from the longer-term moving average - it is a signal that the security is overbought and will soon return to normal levels. Traders will often combine this analysis with the Relative Strength Index (RSI) or other technical indicators to verify overbought or oversold conditions. Traders also watch for a move above or below the zero line because this signals the position of the short-term average relative to the long-term average. When the MACD is above zero, the short-term average is above the long-term average, which signals upward momentum. The opposite is true when the MACD is below zero. As you can see from the chart above, the zero line often acts as an area of support and resistance for the indicator.
Education
by TheWolfOfBinance
Binance BNB/BTC A sleeper coinWe have a descending triangle and a buy indicator at the 9 on a 4hr chart. Looking at past indicators for the same pattern, the trading by 9's seems to be pretty accurate. I modify the trading strategy from 1 day for stocks to 4hrs for crypto due to the increased volatility . The coin also has good fundamentals. It's used to pay fees on the Exchange at a rather large discount. Binance is also buying the coins back. The Exchange is located in Japan which is a crypto friendly place. It's by far the easiest exchange to setup and use. It takes literally minutes. It has a simple to use interface -0.39% that could reach a broad audience. With regulation coming down in many countries I could see users seeking refuge on Binance. A final thought... When markets pull back it makes you think about the coins you chose and their underlying value. There is a lot of speculation on what might be built, or how useful something might become. This coin is being used today.
Long
by CryptoColombia
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