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Bancor / Bitcoin

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BNTBTC trade ideas

BNT/BTC (Test Old Support?)💎Technical Analysis Summary💎 BINANCE: BNTBTC -Bancor is on a downtrend since the pick at 23k sat area -Its value has declined by -70% already and still going lower -If BNT will keep respecting this descending channel -There is a channel to test old support at around 6k sat range -But until this parallel channel is broken to the upside -The Bears are still in control of the market -I recommend waiting for a proper breakout followed with a volume -This reduces the risk and have proper stop loss location `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
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by PolarHusk
4
BNT.BTC (Y20.P4.E1).Stalking for the next entranceHi, Just a heads up, Bancor did it once and its likely to do it again. Keep an eye on it as the formation is so far neat and the indicators keep getting bullish divergences. There is no setup to consider entering yet, but when it gets to the level, then we have the next piece of the puzzle. Currently is only planning stage. It's like when BTC finds an area to slow down and consolidate, then like many ALTS will find the moment to break to the upside. First target's like 40% gain. Cheers, S.Sari PREVIOUS POST: I made no trade in it at all. So maybe this time I'll time it.
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by ssari
3
BNTBTC one more 50% pushHigh risk trade. And could be a long trade... 200BTC vol on the scanner. 3/8/20.. Waiting for more vol to come in and push this baby to the moon. This is for break out traders!! So there should be a push above the resistance.....and then a retest on support...and that's the entry... Entering like this prevents catching a fakeout... Entering at this retest should confirm the nature of the vol, if vol not there do not enter... Coz you will be holding bags... Always wait for confirmation on trades like this.. This is a high risk trade idea and use it at you own peril. I am not a financial advisor.
BLong
by StayHungryStayFull
BNT/BTC (Breaking Trendline Support?)BNT/BTC -the daily uptrend must be over as the price starting to trade below the trendline -if this daily candle closes bearish with an engulfing -there is a high chance to retest the 50D MA and trendline support at 12800 range -if you are looking for a bounce trade setup -make sure there is a bullish reaction in within buy range -to avoid catching a falling knife -or if you want to be safe -you can just wait for the 4H trend reversal -because it will signal that the downtrend is over
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by PolarHusk
5
BNT/BTC swing trade Targets for weekly swing trades - it will hit the 2300 area or even go slightly above. IF we decide to re-test, we can go down to support level where I have placed my blue line. My most likely scenario is that we reach 2300 then retest to 1700 for a 35-40% move upwards. This is just my charting advice, nothing set in stone. I could be wrong, I could be right. I only do TA for the coins I have invested in myself and I place my order where my mouth is safe trading/investing :)
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by Asma7assan
2