Daily Analysis: Sensitive SituationHi Dears,
If the price can break the resistance and pitchfork, it will climb.
Otherwise, it will end up at the bottom of the triangle.
Of course, given the bad condition of the cryptos, it is more likely to be the bear market.
But remember that nothing in this world is 100%
Good Luck
Coins
BTC on the way to....Almost 7 month how we watching ours hero and hope fighting with real economics rule. "NOTHING CAN GROW FOREVER". I do be upset for people who by ignorance step in this game and put them own money in. I watch many scheme invite people deposit money and make x3-4 in short time. also people who ignore common sense and refuse to believe in BIG BTC corrections in 2018. If your brain and hands was fast, you made some money in Feb.,Apr., and now. BTC and all CRYPTO - its like Mars for humans, unknown but desired. All crypto Predictors like snake - twisting and turning depending of market situations. Ours memory can hold new not more than 2 weeks., after we forgot it or have new one, which will cover old. So no one gonna "wash old clothes' in press, even there was 1000000 wrong speeches, predictions, and fails. All what we saw in TV its how unbelievable easy can mane money with CRYPTO. Internet full of ICO adv, and SCAM. Ignorance in this CRYPTO has led some ordinary people to bankruptcy and the bottom. Be smart if you gonna risk, dont trust TV public people, advertisements, THEY WILL SALE THEM FACE FOR CASH...And after 1 month all world will forget about it, but YOUR back balance will drop down. Lear on mistake of another people, check information in different source.
It's Time to Consider BNB As Your Base CryptocurrencyFUD is nothing new, but in recent weeks cryptocurrency trading has been increasingly tough. Bull markets rarely ever teach us anything as nearly everyone makes money in Bull markets. Every coin is seen as either a great project today or the future coin of tomorrow. Projections and promises of these projects tend to be high; and so tend to be their price. Even lackluster returns or news can send a coin skyrocketing.
Bear markets, in comparison, show us the real "meat on the bone." They help us see what projects people actually believe in versus what projects were speculative in nature; only being chased for the hopes of abnormal returns.
It goes without saying that it has been a tough year for Bitcoin. My actively traded investment has fallen nearly 20%. Bitcoin seems to loose against the USD on a daily basis, with bad news ruling the headlines.
But what if I told you that there was a better way, and that there is a coin that is OUT performing its 200 SMA? What if I challenged you to describe what exactly makes BTC so special that everyone wants to accumulate it? What if I told you that the best investment to accumulate BTC would be to change currencies? Finally, What if I challenged you to seriously consider changing your base currency to Binance Coin?
You would probably tell me that the devil is in the details.
Let me share them with you.
BNB is currently trading at nearly $15 and has gained steadily since it struck bottom in February. Instead of trending downward and scaring the entire crypto community half to death, BNB began a nice uptrend. Overlaid (in orange) is BNB versus BTC. It doesn't take a rocket scientist to see that there is no comparison. BNB is currently the only coin that is actually outperforming SMA 200 against BTC, USDT, AND ETH.
Furthermore, BNB is a fundamentally sound coin. The Binance exchange accepts this coin as payment for fees on the exchange. Traders get their fees half off (.05%) if they use the coin; which is currently the cheapest fee in the industry. Traders have been flocking to this site (myself included) because of its incredible liquidity and the ability to save loads of money on fees. Binance has quadrupled its customer base since January, and this kind of expansion is likely to continue.
Furthermore, Binance has limited the supply of this coin, which will increase scarcity and raise prices.
Lastly, Binance has become a trusted name in crypto; and this is likely to continue for as long as the managerial decisions are in line with the basic investor.
While no one will likely say that BNB is going to be the next world currency, it has shown that it is good store of value while the Bear market continues to drag on. Setting your AI and strategies to trade against BNB simply can't go wrong in the short term; as you can always re buy BTC or ETH at a later date for your long term HODL.
Many, including myself, have been searching for a way to short BTC in this market. BNB may present the best way to do it.
LTCUSD Short-term supports and resistanceI added extra support and resistance lines with fibonacci support and resistance lines.
If price under the line, line will be resistance
If price up to line, line will be support.
These lines are also possible return locations.
It is just for information purposes only, not an investment recommendation.
Bitcoin Projections: It's All About the CorrectionHey traders,
Quick Summary, focus is on the correction today for obvious reasons, where is the bottom? 8700-8900. lots of confluence at this zone. I project a wick will make it through the 200 ema on the daily chart and bounce with nice volume off the .382 fib line for the overall retracement, if we fall below this area things may get bearish real quick.
Remember, its a bear market til we pass over 11780ish. As such, we can't let these rally's go to our head like Bitcoin is invincible. :) lol
Make smart moves and recognize when critical points are broke to validate certain scenarios playing out. Its easier to make short term projections than long term projections, as a trader, this is where the money is made.
If we break out of the descending channel we are in and find support on top of 8300 then a SHORT TERM long position I will enter to 8600 attempt, although i expect to get shutdown from there and fall lower overall.
Best of luck traders.
If you enjoy my videos please follow and like, you can find me under multiple other platforms as well under the crypto blend or crypto hippo. I can't post the links in here though so just YouTube it. Im the only crypto hippo :)
Tron - Looking Bullish in this Sea of RedForming a triangle. If it breaks down we can see support at the .5 fib, but we are getting higher lows, we are also seeing higher lows on rsi but also higher highs on rsi and lower highs on chart which is bearish/neutral.
If we break up we can expect wave 5 to start playing out.
We are at that point of apex now to make it an easy trade either direction.
ICX long trade ! Long time resitance which has become supportLongtime resitance which has become support, stop loss for this will be very short as if it breaks below this it will go further down. and upside i have kept just below the next resistence, if it crosses that then next target is even higher.
Bytecoin is heavily long to BitcoinAt the moment bytecoin has already surged over 100% in the last couple of days.
The BCNUSD pair is not that obious though. Looking at the BCNBTC pair you clearly see a break through the downtrend vom 2017.
Since the 4.618 extension was rechaed after corrections in the past i expect it to be reached. Depending on the current Bitcoin rate that would be around 0.000012 sats or 0.1 USD.
APPC/BTCNot sure about the price at the entry point, but APPC is a highly persperctive project getting a lot of attention from the community, 100% will catch a nice growth dynamics.
Buying now is quite risky but worth it. 400-550% by the end of #4.