Binance Coin - A 10.000% TriangleHello Traders and Investors, today I will take a look at Binance Coin.
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Explanation of my video analysis:
After the beautiful break and retest on Binance Coin back in 2020, we saw an insane rally of roughly +10.000% towards the uspide. Then BNB topped out in the beginning of 2021 and created a descending triangle formation. We saw a bullish breakout on Binance Coin just four months ago and maybe we can even see a similar move of 10.000% towards the upside from here.
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Keep your long term vision,
Philip (BasicTrading)
Bullrunincoming
USDT.D Monthly Rising Wedge Breakdown!📈 USDT.D Monthly Analysis: A Rising Wedge Catalyst for the Crypto Bulls 🚀
Traders and crypto enthusiasts, buckle up for a potential game-changer as we dissect the monthly chart of USDT.D (Tether Dominance). The recent confirmation of a rising wedge pattern has set the stage for what could be the ignition point for the next crypto bull market.
🔍 Analyzing the Rising Wedge:
The rising wedge, a classical chart pattern, is now unmistakably confirmed on the monthly timescale for USDT.D. This wedge is characterized by narrowing price action, indicating a tightening range between support and resistance. Historically, when a rising wedge forms, it often resolves with a breakout to the downside.
📉 USDT.D Descends, Crypto Assets Ascend:
Traditionally, when Tether dominance is on the decline, it tends to signal a shift of capital from stablecoins to riskier assets like cryptocurrencies. The decreasing dominance of USDT.D suggests a growing appetite for risk in the market, and we've seen in the past that this trend often coincides with bullish movements in the broader crypto space.
📆 Timing the Bullish Surge:
As we observe this rising wedge pattern on the monthly timescale, it becomes imperative for traders to monitor key support and resistance levels. The eventual breakout from the wedge could mark the onset of a new bull market for various cryptocurrencies. Keep an eye on price action around the wedge boundaries for potential entry points.
📊 Risk and Reward:
While patterns provide valuable insights, it's crucial to acknowledge the inherent risks in trading. Always employ proper risk management strategies and consider multiple indicators before making any trading decisions.
🚨 Stay Informed, Stay Ahead:
The crypto market is dynamic, and staying ahead of the curve is essential. Watch USDT.D closely in the coming weeks for any signs of a breakout or breakdown. The implications could be significant for the broader cryptocurrency landscape.
Remember, information is power in the trading world. Share your thoughts, analyses, and strategies in the comments section. Let's navigate these exciting market dynamics together!
📈💹 #CryptoAnalysis #USDTD #RisingWedge #BullMarketIgnition #TradingView 🚀
Daily Crypto Market Update - Are the Bulls returning? Jasmy AltsIn this video:
* I start with the stock market indexes, assessing the markets reaction to the FOMC press conference yesterday
* Stock markets look to have received the Fed's statements well.
* VIX (fear index) dropped as expected. Indexes popped.
* All of this positive reaction still must be confirmed on the daily
* If the sentiment continues, it will eventually spill over into the crypto space and we will turn bullish again
* We are seeing lots of positive signs in the altcoin space
* I believe we are at/near our bottom and I like the entry benefits on many coins at these levels
Bitcoin predection and analysis! (BULLISH) RUNWith the current state of the economy around the world, governments and leaders are looking to keep their economy afloat (save their a$$). EU leaders just announced that they will spend 2 Trillion on corona relif. If I get a check I know where that is going, straight to BTC. As many other individuals will do as well. People, if they havent already, will start to realize that this is in no way, shape, or form, good for any economy at all. It only truly benifits the elite and the banks that are on the brink of failing. So, the more money they print, the better it is for assets such at bitcoin and gold. But bitcoin more so, because there is a fininte amount of btc and an unlimited amount of dollars (because they can print whenever they want) it will only be a matter of time before investors, retail and insitutional jump in as the dollar keeps loosing value. The amount of technology that has been created around the cryptocurrency space over the last 4 years is immense. This will fuel the bull run to 10x the pump it was before. From videogamers, to insitutions, to revolutionists, to governments, to your average Joe, everyone is bullish and some dont even know it yet. Enjoy!
IF YOU GET MONEY FROM THE GOVERNMENT, DO NOT GIVE IT RIGHT BACK TO THEM, PLACE IT IN A SECURE PLACE LIKE BITCOIN!
Not financial advice
Inflation vs DeflationIt's a widely known fact that in Bitcoin's history it would have been the best investment of the century, however, I never imagined that when visualised againtst it's competition it would look quite so... umm...
Anyway, thought this was worth sharing. Bitcoing being where it is right now, I thought it would be nice to have a gentle reminder of it's history from this point of view.
The video starts off by showing the S&P500 index against the Bitcoing BLX index, It then moves on to the Tesla TSLA chart just to illustrate that you get pretty much the same picture when using other stock charts that have performed well. I guess you could say the chart is essentially showing some sort of inverse log scale version of the regular Bitcoin / USD chart?
Not financial advice etc,
Biffy.