BNBBTC trade ideas
#BNB does what was expected from cup and handle #BTCI posted this some days ago and hopefully, you made some profits as it was so clear what's going to happen...
BNB still has juice, feels like a DejaVueCup & Handle
Bull flag
Fibonacci levels
highest liquidity
top centralized exchange
previously mentioned,
BNB/BTC - Consolidation in ATH means another impulse is incomingHigh probability of BNB breaking it's most recent consolidation vs USD and BTC.
I trade BNB against BTC at the bottom of the ascending triangleYesterday I took a trade BNB against BTC at the bottom of the ascending triangle. Normally I place a trade the moment the price breaks out of a triangle, but in this case I got in early for two reasons:
1. we are in a bull cycle!
2. it is a very clear pattern
I expect the coming months a lot of opportunities in alt coins. I trade alt coins to accumulate Bitcoin. This is my strategy for the coming period.
My first target is just below the 0.011800 based on Fibonacci level and the measured move technique.
From there I a will see what price action does. If it is still very bullish I will wait to sell, otherwise I might sell 50% or so. If there is a lot of resistance and it looks that the price will drop first, I might take 100% and get in again at the dip.
My current stoploss is 1 ATR under 0,008072, which is very low. I do this because i'll keep monitoring the marked and might get out if the triangle is broken at the downside. And BTC dominates the market, and I do not want to get stopped out when Bitcoin dips and bounces. The stoploss in this case is only to protect my trades when it all turns really ugly and I am asleep.
BNBBTC / BNBUSDT to the moonWait till breakout and up. Make cup and descending broadening wedge pattern.
Disclaimer: Do with your risk! Attention
BE VERY CAREFUL FOR DOWNTREND!Bnb seems to not affected by much needed retrace in crpyto markets which is not a good sign!
One should be very careful with bnb trading if they are long bnb!
Bnb is very close to the ATH area and highly overbought right now.
Volume is decreasing a lot lately and BTCUSD pair is trending downward hard.
Therefore one should not buy from this area and should start taking profits!
I expect BNB price to retrace 0.008 areas for healthier uptrend.
Right now price action is too hot and volatile.
This mean money running from BTC and coming to BNB but if BTC keep losing its value people can panic sell that can lead to huge loss in altcoins!
Be very careful and let the price consolidate or even retrace a bit.
Time to hold BNBI believe that: BNB can reach 0.018 BTC ~ 1600 USD at the end of this bullrun ~ Nov 2021.
BNB/BTC CnH idea - mid termJust an idea, similar to SOL/BTC CnH spottet some time ago. Lets see how this one plays out
BNBBTC ShortWilliam Alligator : the crypto is in a bullish position because the candlesticks start being above the Teeth, Lips and Jaw and the lines are “eating with an open mouth” this indicates that the crypto is in a strong uptrend.
RSI : the line is above 70, so the crypto is overbought.
Candlestick patterns : there is a bullish engulfing which is a bullish confirmation.
Overall : it can be interesting to take a sell position on this crypto because the crypto is overbought. Entry price is lower than the current price for assurance and stop loss is set at 5%.
BNB INDECISION!Bnb had a huge price action for maybe over a year and in the last couple of months.
Bnb price doesnt affected by the market sell off and still consolidating for the last couple days with lower volume.
To be honest i really think bnb should go lower before another price spike because it went parabolic and need to chill a bit.
I m not buying from this area but i will definitly not short it! Im waiting price action to get out from triangle and then make a decision.
Be patience before making any trade decision.
Link is preparing the most incredible pump ever seenHere you can compare the chart of Link-Btc and BnB-Btc, this two cryptos have the most incredible performance ever seen.
Binance maybe has finished his work, but Link is still starting. Against BITCOIN!!!
Is this possible? I really think so. We will see it in one or 2 months.
Binance Secure Chain Index I've created this ticker myself to get an idea on how BSC projects perform as an asset class. I may not have all of the BSC assets in this index so if you know any other worthwhile projects, let me know.
Anyways, I am seeking an entry to BSC and looking for possible consolidation around 0.00185 levels. If it reaches there, I might get bigger positions in the BSC projects.
BnbbtcBnb had a huge rally recently. It needs to chill a bit. I do expect it to go much higher because binance is 1 of the best markets out there. But bnb has a parabolic rise in daily charts and it should definitly need a consolidation period in order rise consistently in the future. Im not sure if it will go lower but i know i will wait and be cool before making any trades.
