BNB/ETH 50% price drop aheadBNB/ETH 50% sale ahead
From yesterday cryptocurrencies are experience more pressure from bears. The sentiment is not positive, people are scared of losing all. Liquidation bot on bitmex was very active, sending thousands of liquidation notification via email. Some experienced hell. When you hears that rekt notification sound, you know it is over.
If BTC dont change its direction and continue upwards to the moon, we will experience much higher drop than this one yesterday and today. I dont belive the price of BTC or any other major cryptocurrency will rise very soon, so you can alredy know where the bar is sticking its paw. You can smell it. If I concentrate this article only on BNB/ETH we can see big opurtunity to short this pair or in other words sell all bnb. I didnt say sell all ETH, but anyway, if you expect gains in next months, please dont.
This will be BNBs first major break and after non-stopping rising towards moon, we can only expect the worst case scenario. BNB is going down, dont expect only a small correction, like you expected for btc in 2017. That means it is time to take profits and searching for another profit maker.
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Be polite, Thanks DL
Binancecoinethereum
A second Chance to Buy in BNBETH...Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index (RSI) is 45.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.0345). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.0345).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
New Take Profits:
TP1= @ 0.03450
TP2= @ 0.03951
TP3= @ 0.04200
TP4= @ 0.04550
TP5= @ 0.04940
TP6= @0.05175
TP7= Free
Trade Setup:
We opened 5 BUY trade(s) @ 0.027570 based on 'Valley' entry method at 07.25.2018.
Total Profit: 27991 pip
Closed trade(s): 11250 Profit
Open trade(s): 16741 Profit
Closed Profit:
TP1 @ 0.02669 touched with 0 Profit.
TP2 @ 0.02871 touched at 07.26.2018 with 1140 Profit.
TP3 @ 0.03075 touched at 07.28.2018 with 3180 Profit.
TP4 @ 0.03450 touched at 07.28.2018 with 6930 Profit.
0 + 1140 + 3180 + 6930 = 11250
Open Profit:
Profit for one trade is 0.044311 (current price) - 0.027570 (open price) = 16741
1 trade(s) still open, therefore total profit for open trade(s) is 16741 x 1 = 16741
All SLs moved to Break-even point.
A second Chance to Buy in BNBETH...Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index (RSI) is 45.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.0345). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.0345).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
New Take Profits:
TP1= @ 0.03450
TP2= @ 0.03951
TP3= @ 0.04200
TP4= @ 0.04550
TP5= @ 0.04940
TP6= @0.05175
TP7= Free
Trade Setup:
We opened 5 BUY trade(s) @ 0.027570 based on 'Valley' entry method at 07.25.2018.
Total Profit: 27991 pip
Closed trade(s): 11250 Profit
Open trade(s): 16741 Profit
Closed Profit:
TP1 @ 0.02669 touched with 0 Profit.
TP2 @ 0.02871 touched at 07.26.2018 with 1140 Profit.
TP3 @ 0.03075 touched at 07.28.2018 with 3180 Profit.
TP4 @ 0.03450 touched at 07.28.2018 with 6930 Profit.
0 + 1140 + 3180 + 6930 = 11250
Open Profit:
Profit for one trade is 0.044311 (current price) - 0.027570 (open price) = 16741
1 trade(s) still open, therefore total profit for open trade(s) is 16741 x 1 = 16741
All SLs moved to Break-even point.
A trading opportunity to buy is near in Binancecoin Ethereum...A trading opportunity to buy is near in Binancecoin Ethereum...
Technical analysis:
. BINANCECOIN/ETHEREUM is in an uptrend and continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Trading suggestion:
. The price is in an uptrend and we forecast the uptrend would continue.
. There is a possibility of temporary retracement to suggested support zone (0.02503 to 0.02330). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02503)
Ending of entry zone (0.02330)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02669
TP2= @ 0.02871
TP3= @ 0.03075
TP4= @ 0.03450
TP5= Free
A trading opportunity to buy is near in Binancecoin Ethereum...Technical analysis:
. BINANCECOIN/ETHEREUM is in an uptrend and continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Trading suggestion:
. The price is in an uptrend and we forecast the uptrend would continue.
. There is a possibility of temporary retracement to suggested support zone (0.02503 to 0.02330). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02503)
Ending of entry zone (0.02330)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02669
TP2= @ 0.02871
TP3= @ 0.03075
TP4= @ 0.03450
TP5= Free