BNT Trade JournalBNT is added to my watchlist.
With Wave 1 nearly complete and the gains on the 1st wave were 350%+!
That means Wave 3 is going to be massive!
I will be watching the retracement of Wave 2.
Initial Target Entry Level: 27645 - 21619
*This may change as the wave forms
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Welcome to my journal of thoughts on trades and price movements. These are just ideas. This is NOT investment advice but rather a way for me to keep track of my trades and to record my thoughts and emotions on a trade to reflect on for the benefit of my psychology and charting for the future. You can follow me if you wish but please do your own due diligence when it comes to investing your own money.
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BNTBTC trade ideas
BNT is up for a solid pushBNT has been going up nicely and steadily (not like one of those onedaypumpndump coins) - check the volume accumulation on 1D chart. MAs on 4H crossed and the price has been moving nicely above both MA and the cloud. MAs on 1D are about to cross, which will give another push. I had 125 as the original target, but will probably let it run all the way up.
No advice here, except for - clean after your dog in public places.
Bancor: Partnerships & Israeli-Crypto InnovationBancor has been on my radar since the beginning. However, what began as a massive ICO -- about $150 million in 3 hours - ended up in a massive dump when BNT came to market. However, after compiling enough data it seems Bancor will be making its way up in Market Cap and price in terms of BTC.
This chart shows that BNT could be following one of two paths. The first path is a massive jump in price out of the gate. The catalyst for this jump could be their partnerships with Status, Aragon, Gnosis, Civic, Neo and Coinmarketcap.com; the creation of the Bancor API and the list goes on and on and on. (blog.bancor.network)
However, if this price action does not play out in the short term due to a large rise in the price of BTC or some other unforeseen cause of resistance, then the price will stabilize within the current wedge between short term support and long term resistance at roughly 0.0007 BTC to 0.0005 BTC.
If Bancor's vision works out, this could be a very good early off-bitcoin-blockchain solution to providing liquidity to decentralized exchanges in 2018/2019, since Lightning Network still seems far away. We'll see how it plays out.
Disclaimer: This information is not reliable or valid or good in anyway. Please ignore this and do not take it for investment advice at all.
BNT gonna try to break resistanceOne more try might be the last one. Lets see if it can break the resistance. If it does, we might see a crazy bull run.
BNT bottom reversal signalBancor was one of the hottest ICOs that looked very promising, but the only thing this coin has done - massive drawdown in Satoshis.
Right now, it's showing huge Ascending Triangle which was formed within all-time low. Triangles are usually continuation patterns, but sometimes they can act as reversal of the tops and the bottoms.
We can observe an increase in volume since the last 3 months.
Massive spikes in volume indicate us, that somebody is aggressively buying.
Targets - I don't really know how much this coin will be accumulating. Due to the upcoming Alt boom, we can see this coin pumped a lot in near future. My targets will depend on chart patterns and time.
BNTBTC Downtrend Over, Possible 5X+As you may know, the end of downtrends often have the highest upside potential.
BNT has been in a downtrend for a long time, Since it's been out, vs BTC.
We can see that it has broke out of the resistance of the downtrend and is heading upwards.
We have gotten buy signals on:
Squeeze Momentum Indicator
Williams_Vix_Fix (Bottomed out)
MACD
Ultimate RSI (Bottomed out)
We can also see that they are releasing a new website design and layout, below:
coinmarketcal.com
Stop loss can be set at top downtrending white line
Targets: Fib levels. mainly looking for a break of .382 and new ATH at around .786- 1 fib level.
Letting this run for a while, no point in taking short term profits for something with so much upside potential.
Bancor looking GREAT! MOON coming soon - load up nowBNTBTC hasn't been this high since mid October. A solid team, and diversified assets in a time of great volatility have made it a safe haven for many, including the explosion of new entrants to the crypto trading world. This has all lead to a precipitous rise since early December. After a massive decline since its ICO, a mere path to recovery is enough to shoot it to the MOON and beyond.
2 Possibilities
Either we see a slight but insignificant dip and then a moon shot for a Cup and Handle formation
or
Straight shot up today or tomorrow. Play it safe and don't miss out, buy buy buy!
BNT Bancor Bullish Breakout (4 B's can't be stopped) 100% + LONGBottomed out = The only way is up = Bullish
Bullish Pennant on 4hr and 1 day Chart = Super Stronk
Mac D showing positive divergence on 1 day chart = Bullish
7 MA just crossed over 77 MA = Stronk breakout candidate
RSI Trending up = Bullish
Higher highs, Lower lows = BULLISH
Bullish Flag on 4 hour chart:
Targets based on Fibonacci Levels:
Do your own research before buying this coin. I am not an expert and this is only an idea of mine.
If you would like to tip me with some of your earnings:
My BNT Wallet: 0x848f1abd104b43af6a79ab7b96b8e33ca61581ef
My BTC Wallet: 1JWGq6YWoENLK1nrRRtCUQeARcod78Za37
My LTC Wallet: LTddysmLQr1v1wusHgDG4CLjeSsJ1FQbUZ
My ETH Wallet: 0x1676ae4c42028fc1a4e6fc6338e677337d7fdc6c