Crypto Untapped Educational Series EP. 1: TrendsIn today's video, we analyze Binance Coin traded against Bitcoin as an example for what trends are & how to identify trends based off lows and highs! Enjoy :)
DISCLAIMER: Investing into cryptocurrency and DeFi platforms comes with inherent risk including technical risk, human error, platform failure and more. Invest at your own risk. None of our content is to be construed as financial advice, we are a cryptocurrency education platform.
Binancecoin
Binance Hot list coin July 15, 2020 : XMRUSDT #3Looking similar with the other 2 coins IOTA and BNB. Currently the price is trending slightly below the resistance zone of the ascending triangle pattern for short term perspective. But, for longer term perspective there is a small gap for the price to test the resistance trend line that is a strong resistance zone. Breaking above this resistance trend line will lead the price to the new up trend bias in long term. The hidden bullish divergence is occurring and I think the take off will take place soon.
Binance Hot list coin July 15, 2020 : IOTAUSDT #2Currently the price is trending slightly below the strong resistance horizontal line (white). Beside that, there is still another hidden bullish divergence on RSI that is forming now. Breaking above this resistance will leads the price to interim swing high as the nearest target.
Binance Hot list coin July 15, 2020 : BNBUSDT #1The price is having a strong momentum to breaks out of the white resistance trend line soon in the near future. There is a strong horizontal resistance zone that the price is currently trending at. However, this zone is having an alignment with the resistance trend line formed in the daily degree. Another strong indication that the momentum is so strong is that there is a higher low on the price action but lower low on the RSI showing us the criteria of hidden bullish divergence as the continuation pattern to the upside. If the price can breaks out of this current resistance, potentially 40% profit with parabolic moves at the blue region.
Binance Hot list coin July 13, 2020 : BCHUSDT #3Breaking out above the green resistance trend line with a huge candle which is good for the upside potential. Currently, the price is trending slightly above the white support zone which is a strong zone for buying during this accumulation. All I can see is an upside potential moves with a short pullback to $230 region as the support line and the $225 as the potential liquidation level. After that, upside movement is imminent toward $270 in short term.
Binance Hot list coin July 13, 2020 : ETCUSDT #2Here is my premature deduction based on the Elliot Wave Theory and count on Ethereum Classic. There could be a complex and flat correction wave on 4th which forms a potential descending triangle that usually becomes a failure. Beside, the RSI has its first peak and there could potentially the 2nd peak which forms a lower high but higher high on the price. Breaking out above the resistance trend line will activate my laddering buy.
Binance Hot list coin July 13, 2020 : QTUMUSDT #1Quantum is looking good for now. The action of slowing down of the volatility and the fact of the contracting triangle to form after a huge break out from the white resistance trend line could be the action of the accumulation zone. During this accumulation phase, the bulls is slowly gaining some momentum of potential breaks out to the upside of the triangle. Currently there is a hidden bullish divergence occurs between price, RSI and MACD. This is one of a good sign of potential bullish continuation.
Binance Hot list coin July, 8th 2020 : BATUSDT #2Looking at the price, you can see that the price bounced right after it touched the golden pocket zone which is having an alignment with the 200 Moving Average on the 4 hours chart. The price potentially is forming a sign of inverse head and shoulder which usually is very bullish as a reversal pattern from correction. If the price can breaks out of the white resistance trend line as the neckline, there will be a huge spike to the upside in near future.
Binance Hot list coin July, 8th 2020 : XRPUSDT #1A simple deduction of current price action and the chart pattern of ripple. With the structure of bullish falling wedge pattern, there is a possibility of the price to moves up higher and challenge each fib levels especially the golden pocket as a strong resistance. The fact that there is a bullish divergence on RSI and MACD making this structure is very interesting. The key movement is to breaks out of the white resistance trend line and the upper line of this falling wedge.
Binance Hot list coin July, 7th 2020 : ONGUSDT #3This coin is worth to see, some confluence reasons to go long is strong enough with current bullish structure. The price is now trending slightly above the yellow support trend line which has held the price since June 15th. Another side is that the price is now forming a bullish falling wedge which usually will shows us some sort of bounce in near future. Entry buy when the price breaks above the upper line of the wedges.
Binance Hot list coin July, 7th 2020 : NPXSUSDT #2The price is currently forming a Symmetrical triangle with the sign of lower in volume and volatility. On the 2 hours chart the price is trending slightly above the EMA 55 (yellow) which acts as a dynamic support. This is however a strong support for Pundi X. While the price comes closer to the APEX of the triangle, I'll expect a breaks toward the upside and targeting the white region as the nearest resistance and the interim swing high.
Binance Hot list coin July, 7th 2020 : ONEUSDT #1Harmony is now trending slightly below the 7 month resistance trend line which has been formed since December 2019. Breaking out above this region will give us a chance to print another easy 80% profit with the target at the white region. A huge volume is needed considering this resistance trend line is a very strong resistance. A huge volume means a huge confidence in the market!
Binance Hot list coin July, 6th 2020 : XTZUSDT #3The price is trending slightly above the white region support. This white region support however is a strong support zone which has confluence with the 200 MA on the daily chart. Another confluence reasons to enter this trade in the upcoming session is that there is a regular bullish divergence if we compare it with the RSI. A lower low price action with the higher low RSI on the oversold region. My entry point will be when the price breaks out of the white resistance trend line on lower degree and targeting the golden pocket zone which is in alignment with the upper line of the channel.
Binance Hot list coin July, 6th 2020 : KNCUSDT #2On the 2 hours chart, the price is trending slightly above the 55 EMA which acts as a strong dynamic support (yellow). Beside that the price is now forming a strong bullish falling wedges. This is however could be the action to complete ABC zig zag correction structure. I will only catch the B wave which align with the golden pocket zone as well before shorting the C wave. Just like usual, open long position when the price breaks out of the upper line of the falling wedges.
Binance Hot list coin July, 6th 2020 : TCTUSDT #1TCT is trending slightly above the strong support which has the alignment with the white support trend line. Currently it's forming a falling wedges pattern which usually ends up breaking out toward the upside. All we have to wait is when the price breaks out of the upper line of the wedges and targeting the swing high as usual. This set up will be invalidated if the price breaks down below the white support trend line.
Binance Hot list coin July, 4th 2020 : BANDUSDT #3BAND has shown us the sign of lower low on price action but the RSI is gaining strength with the higher low. We can't deny that this is a regular bullish divergence which give an indication that the bears are completely tired and losing some strength.
Breaking out from the blue resistance trend line will leads the price to the .382 fib level (1.35) and potentially can push higher to the golden pocket region (1.62).
Binance Hot list coin July, 4th 2020 : IOTAUSDT #2IOTA is currently trending above the white resistance trend line after a phase 1 of break out strategy. there is a high probability that at current structure, the price is forming the 2nd phase of break out strategy which is retesting the previous broken resistance as a support.
After this break out, the price forms a descending type of triangle which I expect it to become a failure with a break out to the upside. The confirmation of buy is when it has broken out of the upper line of the triangle and simply targeting the interim swing high.
Binance Coin Wyckoff Accumulation Event "Extra Strength"I am continue to show you Wyckoff accumulation phase examples on cryptos , now best example of Ascending Channel as reversal pattern: Binance Coin BNBUSD
Price now in Mark Up phase, so there is no good entry for mid-long-term traders
Previous analysis for BNB gained around 100% so far, you can check it here:
BNB pump could have been seen with 2 indicators and patteIn the chart i used 2 indicators William %R and Stoch.
4h timeframe
Stoch index tried to escape first time above 50(trigger for uptrend) ,but he couldnt managed and comed back down at 45 , meanwhile on chart we got formed a HAMMER PATTERN + on %R Index we got a nice rebound over trendline so we go again to beat stoch index at 50 ...it succeded so we got a nice pump of 32%
Hammer pattern : 4exanalysis.files.wordpress.com
All 3 indicators used as i sayd should give you nice punps . If you see any patterns like this , post it here and i will analyze to see if we can make a nice gain over combination of 3 indicators :D
What is the 'Moving Average Convergence Divergence - MACD'Introduction
Developed by Gerald Appel in the late seventies, the Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available. The MACD turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average. As a result, the MACD offers the best of both worlds: trend following and momentum. The MACD fluctuates above and below the zero line as the moving averages converge, cross and diverge. Traders can look for signal line crossovers, centerline crossovers and divergences to generate signals. Because the MACD is unbounded, it is not particularly useful for identifying overbought and oversold levels.
Note: MACD can be pronounced as either “Mac-Dee” or “M-A-C-D.”
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals.
BREAKING DOWN 'Moving Average Convergence Divergence - MACD'
Moving average convergence divergence (MACD) indicators can be interpreted using three different methods:
1. Crossovers - As shown in the chart above, when the MACD falls below the signal line, it is a bearish signal, which indicates that it may be time to sell. Conversely, when the MACD rises above the signal line, the indicator gives a bullish signal, which suggests that the price of the asset is likely to experience upward momentum. Many traders wait for a confirmed cross above the signal line before entering into a position to avoid getting getting "faked out" or entering into a position too early, as shown by the first arrow.
2. Divergence - When the security price diverges from the MACD, it signals the end of the current trend. For example, a stock price that is rising and a MACD indicator that is falling could mean that the rally is about to end. Conversely, if a stock price is falling and the MACD is rising, it could mean that a bullish reversal could occur in the near-term. Traders often use divergence in conjunction with other technical indicators to find opportunities.
3. Dramatic Rise - When the MACD rises dramatically - that is, the shorter moving average pulls away from the longer-term moving average - it is a signal that the security is overbought and will soon return to normal levels. Traders will often combine this analysis with the Relative Strength Index (RSI) or other technical indicators to verify overbought or oversold conditions.
Traders also watch for a move above or below the zero line because this signals the position of the short-term average relative to the long-term average. When the MACD is above zero, the short-term average is above the long-term average, which signals upward momentum. The opposite is true when the MACD is below zero. As you can see from the chart above, the zero line often acts as an area of support and resistance for the indicator.
IOTA/BTC Binance TA for beginners. EnjoyHello Traders,
A follower has asked for a simple TA on this pair so I have kept this as simple as I can.
The two major features of the chart are the descending triangle on price. You can see with the Blue circles, we keep putting in the same or lower highs. The Yellow circles show us that we are putting in the same lows.
When we have lower highs, and the same Lows it suggests eventually we will run out of buyers at the level of the lows and price will break down. We are looking for a break down on this pair unless we see a Higher High (Price puts in a new high price, that is higher than a previous cycles High).
So price means our bias is short, or to sell.
MY other concern is Volume, a number of these pairs are seeing volume drop and eventually volume creates the demand to move price. When volume is down price can spike on small transactions making trading messy.
To Trade this I would want to see price Advance down through the support (Black Line), and then pull back up to the black line, I can then enter short or wait for bar to move down and sell the bottom of that.
I am trying to keep this simple to follow, if you have any questions please ask them and I will try and clarify them for you.
Always remember if you want to make dollars your decisions need to make sense. You need to take your time with this one, wait for a clear entry or keep your money.
Feel free to follow if this was helpful to assist your trading.