BNBBTC trade ideas
Hedges and trends... wen Altseason? If the dollar breaks and recovers, everything else bleeds. If not, BTC goes parabolic. Looks like the best value right now is ETH and its a good time to accumulate altcoins as this data points to an absolutely epic altseason in spring of 2021.
Any questions?
FOR BNB/BTC "fly me to the moon"BNB sometimes acts independently of the BTC. It is preparing for such a move again...
TP-A : 23013
TP-B : 25092
BNB Price at Resistanceprice break the support trend line and now touching the resistance
for price to move higher it need clear close above the trend line support zone
if unable to close it is bearish retest
Ever Catch a falling knife?BTC is cruising towards $20k, and I believe it will head on towards $240k before we know it.
That being said, the ride will be one helluva rollercoaster. I'm expecting some profits will be taken around the ATH for BTC and that about aligns with the end of this falling knife for BNBBTC.
There is MASSIVE DIVERGENCE on the Daily TF and WEEKLY and we are approaching a strong reversal level.
And to top that all off. BNB isn't a shitcoin.
BNBBTC ⋃ƝiWave Long BINANCE:BNBBTC
BNB Fundementals:
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BNB/BTC Is Looking Very BearishBNB/BTC broke through a major support (now a resistance) two days ago. Bearish sentiment has not stopped or reversed, but instead signalled that it wants to keepo dropping. Bitcoin's dominance is not going to diminish anytime soon, meaning bad news for the X/BTC pairs.
The next major support line is found around 12.3k sat, ie the November 2018 lows which signalled the start of the early 2019 bull run. Consider exiting there.
BNB/BTC Bullish Action AheadAt the moment BNB/BTC is consolidating around 18k sat. We might soon see a reversal happening: a bounce from the lower trend line of its wedge. The wedge has been holding strong for over a year now, will it continue to hold?
Before entering the trade, make sure that the reversal is actually confirmed. If a daily candle manages to close above 19.5k sat, we might actually see a push towards 25k sat. Be patient.
