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BNB chart explained ( General Idea )Hello traders, welcome back. I decided to write down about my own watchlist during this unstable market, this way you can have a solid strategy on how to react in certain scenarios. during these series of Idea I will be talking about how the charts are looking, support and resistances and also what to expect in short, mid and long term. * Keep in mind this is not a financial advice * Now as you can see, BNB has been in a long term uptrend channel, everytime we tried to break out of it, we got rejected on around 650$ resistance zone. you can also see our major support and resistance zones. recently we broke the orange trend line, now what I expect is a ride toward our first support zone, I believe its going to be the reversal point, by any chance if we break that level the next support would be our reversal zone ( very low possibility ). so basically you can DCA and place buy orders on each level, your goal would be ATH and after that if we broke the 650 there is going to be a bull market. Good luck. Don't forget to like and subscribe.
by Algo_Analyst
This is where I start looking to re-enter - 42-46kHi Traders, A non-video post for you all here. Bitcoin, under the ascending BLACK trendline, has now entered into bearish territory. But, as I have explained numerous times throughout my daily update videos, I do NOT think this is the beginning of a longer-term bear market. This, quite simply, is a pull-back that may last for a few more weeks or through mid/end of December. Why? Institutional investors and hedge funds are collecting profits. Re-allocation will begin in Jan-Feb, at which time Bitcoin should turn bullish once again. Time, price, pattern. That was the time aspect. Now onto price and pattern. We are in bear territory. Slightly. But still. Looks like a bear flag has formed on the daily, but we also have adequate support below us at anywhere from $42,000 to $46,000. Long term hodl'ers don't seem to be releasing their grip. Lots of volume below us according to VPVR as well as the 200 day. Additionally, two potentially significant uptrending lines for support. All of these are strong arguments for a near bottom in this drawback soon. Stock markets are bearish. Yes. True. I've stated my case for this in the last several videos but you may view my last one in the related links below. In correlation with the stocks becoming bearish, Bitcoin has followed suit. However, I am not sure how long this correlation will last? Maybe it continues and the stock market bulls return pulling bitcoin up with it? Maybe a de-coupling occurs and stocks continue to be bearish but crypto turns bullish? This all remains to be seen. What I can read from the charts is that it does look like our crypto space is nearing a bottom on this current drawback. A few more days or maybe weeks and I should be able to start putting together some decent setups once again. Stay tuned and until then, trade safe all! -Stew
INDEX:BTCUSD
by stewdamus
1
The graph analysis (GRT)Hello guys, welcome back. I think GRT is a great deal right now, price been accumulating for quite a long time, now I believe we should start going up again. as you can see on chart, we also had this rounding bottom formation over and over, we have a very important resistance zone ( 1.05 - 1.1 $ ), break of this level can lead to a huge move. Entry zone : 0.7 - 0.77$ Stop loss : 0.54$ Take profits : 1 ) 1.06 $ 2 ) 1.26 $ 3 ) 1.7 $ 4) ATH * It's not a financial advice *
Long
by Algo_Analyst
8
BTC Bear Market 1st Peak FractalAre you all starting to understand or see what i have been talking about?? Get ready for BTC's Longest Bear Market to Date.. Now Let me State That Yes I can bee 100% Wrong here. I Could be completely wrong and be making judgement too early and it be that we actually do see a parabolic run up soon before the bear market begins but as the state of the current Stock market is looking so bad i can't see us going on much longer without seeing a black swan event.
BITSTAMP:BTCUSDShort
by JZ-2Short
1