BNB Idea for 24 August, 2022 - Trade setup276-283 is an important level. There are two possibilites at that level:
1. I will go long at 283, with a stop loss at 275.5 with a target of 315.
2. It could also form a head and sholder pattern, causing the price to go lower to 235 levels. If I get stopped out at 275.5, I might take a trade in the short side.
Binancesignals
Time to long bitcoin once again!Hello everyone, now that Bitcoin has dipped a bit + RSI has reset and no longer has a bearish divergence + we are also above very strong local support here at $20,8k-$21,3k, I am starting to feel more bullish now!
Enter longs here at $21k, keep stop loss at or below $20,5k!
Risk: Medium
Targets:
TP1: $21,8k
TP2: $22,7k
TP3: $24,7k
Update for BitcoinIn my previous analysis, we closed most of our shorts in enormous profit, and opened a long.
I now see some bearish signs, so I advise either closing the long in profit right now and shorting, or hedge a short and keep the long open as well.
This is a scalp trade, however if we continue the downtrend and break the local support at $20.8k - $20.9k then it can turn into a longer term swing trade!
RISK: Medium/High ( be careful!)
Risk to Reward: Excellent
Keep the short's Stop loss at $21,4k$, or slightly above!
Short term targets are the support at $20,8k - $20,9k, if we break these I will post an update with more Targets!
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Long TRXUSDT aka Tron!TRXUSDT seems pretty bullish, including TRXBTC.
I think Tron will uptrend pretty well along with Bitcoin.
But the uptrend may not last too long because Bitcoin may continue the downtrend after this bounce I am expecting in the following post:
Why is Tron bullish?
Well,
1. have spotted bullish divergences
2. Tron has a good potential for a breakout from the falling wedge
3. MACD is bullish
4. Bitcoin is bullish
Please do not use high leverage on this trade if you are trading futures!
REMEMBER, Alts are very volatile and are far more unsafe than bitcoin futures!
Time to short Bitcoin!Bitcoin has shown lots of bear flags which have made me short.
Personally I shorted around 24,7k$, right now the price is about 24,4k$.
I would wait till btc goes up a few hundred more before you short, keep stop loss at $25,3k-$25.5k$!
TP1:$23.5k
TP2:$21.9k
TP3:$21.2k
TP4:$20.4k
Expecting a bounce for Bitcoin!Hello everyone, I have closed my shorts because I am expecting a bounce.
We are above some decent support here at 21k$, and we also have bullish divergences.
I am expecting a bounce in price which could take us to 22k, before either dumping or trending upwards more.
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Analysis Update, Enjoy the gainz ;)Hello everyone! I hope you catched the short from 24,7k, and are enjoying the gainzzzz!
Here is a little update for our short:
We are approaching support from 22,4k-22.6k$ level.
We may bounce from there up to 23k$ before we continue the dump.
There is a chance we may start a bull rally from bouncing from this support, but it is unlikely.
Hold your short, take a bit of profit if you would like though!
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BNB Trend Analytics August 11BNB has jumped out of the bearish channel and is marching towards the next crowded trading resistance. The whole process is going to oscillate upwards.
The crucial support of pullbacks are at $301.8; $271.5; $269.1
$338.8 is the intraday resistance today and the upper edge of the rising channel. It will come back and forth along this line before a breakout.
Breakout and holding above the line for 24 hours will see a major swing high.
Expecting a decent dip for Bitcoin!I am pleased to show you guys another one of my fantastic trading predictions, in this prediction I am expecting a dump down to 22-21k$.
After there we may dump much more, or we may bounce up and start a rally upwards!
I will post an update once we approach 21-22k$ or if the charts show me that we will go up!
This is a swing trade, keep low leverage and put your SL at 24,7k$ or preferably, a tiny bit over 25k$!
Time to Re-Long! In my previous analysis I expected bitcoin to rise from the 22.8k$ area, but it seems like btc decided to fall down a bit lower.
Bitcoin is still very bullish to me, and I am still expecting the same uptrend I did in the previous analysis!
Keep your stop loss at around $22,000-$22,250! Do not put Stop loss above that just in case of a shakeout !
BNB short! Forecast !#BNB
▪️I think cz binance wants to lead us into a trap, we have come to the $300 zone, a significant level, I expect a correction in the near future, the indicators are overbought!
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BNB makes a profit, moving up the channel!we are moving up the channel, after a good growth - it would be time to go for a correction, I expect further growth after a slight decline!
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