BNB double top. Review!▪️ Deadline for the deal is 7 days. BNB has formed a double top, this pattern is reversal, I think we will go down on the chart in the near future. (see chart)
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Binancesignals
Bitcoin - This actually does happen check it outHappening right now: Looking at the one-day timeframe you can see that we have stayed consistently above the 50MA if you see at least 3 candles above the 50MA that shows strength, however, this move is highly suspicious since there is so much divergence in so many indicators. We have a tremendous spike in volume while the candles are generally small. In cases like this, the best move is to not make a move. This decision is easy to make because the odds of going down are greater than the odds of going up. Why are the odds of going up lower? Because the consumer is in debt, savings are depleted and a retail trader with lots of disposable income is much needed in order for the powers that be to make their billions. When money is dry the only way you can lure consumers back is by dropping the price, so the only way BTC is going back up is by coming down in price. So what can we expect? In the next few months, we'll see small moves up, long sideway ranges, and one last drop.
We have to talk about this: Check this out, this massive wick that reached to the center of the earth is called a flash crash, they start and end in less than a minute. When these flash crashes take place all other coins will flash crash as well. Does this happen often? Yes, but not that severe. How to capitalize on this? We'll talk about this at length in a future post but this is part of the severe market manipulation by exchanges. They use it to hunt stop-losses once they accumulate and you can use it to set up buy orders and make thousands in less than a minute.
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Crypto - Trade SetupMost ALTs haven't tested the main resistance level yet and even though they rejected beneath the resistance still there is a smell of bulls in the price action. Yes not so much interest yet but i'm expecting something more likely upward towards the resistance zone soon. But like i say market emotions change with the time so we must not stay rigid, we need to move along with the market.
Here are the key areas for my trade setup on ENJI against USDT, I'm saying again once the price reaches my zones I'll observe the market emotion clearly then only i get into the trade otherwise I'll look for another trade setup. This is what disciplined traders do so what are you doing ??
My calling : 0.5922
Note : I'll update once the trade setup got triggered!
Disclaimer : I'm not a financial advisor, trade at your own risk.
BNB- A good push up inside a triangle!Hi everyone
As two directors have left Binance in the past couple of weeks, the market kept going down, but less selling pressure is obvious.
So there is an expanding triangle inside our daily triangle , which is a good indication of reversal ,short term. For a longer perspective , we have to see the price react to our daily triangle top or bottom.Remember that the price is in a bear trend and we don't have any indications to show this was our last flag.
Resistance levels are top of our triangle and 300$ level and support levels are 295$ and bottom of triangle.
Hope this analysis helps you in a way.
I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
SOLU/USDT WATCH BUY/LONG SET UP FOR BULIf we want to follow this trade pattern then we should be looking for buy/long to fill up the gaps of this wedge pattern in the next coming days. take this and make use of it. if BTC is going to complete its retracement then this too should be going on with the wedge pattern, the wedge still shows up in a lower time frame. Please if this analysis is helpful to you kindly give me some likes and comment below on the analysis you want me to cover
BTC has formed a bearish flag on H1BTC has formed a bearish flag on H1
After the rejection at around 32k the price had a sharp move to the down side and then we can see a bearish flag which indicates the trend continuation after the breakout
💎 BTCUSDT
🔵 Entry zone 30142.25 - 29437.04
🟢 TP1 28622.00
🟢 TP2 27498.00
🟢 TP3 26272.00
🔴 SL 30880.00
Good Luck 🎲
BNB-A Good chance for reversal?Hello everyone
In the past couple of days we have seen a new face of the crypto market. Daily chart of BNBUSDT shows,a bear trend taking place and for today's bar so far we have a pinbar. Now you may think "It's a good time to buy", NO.After a bear trend this steep, with this much volatility and fear? Anyway,pinbar is a good signal but a really bad context.In lower time frames,we have the micro channels forming.If you are a trader and not an investor, you know what to do.
For now. we have the support levels of 200$,225$ and 260$ which is more likely to break and for resistance we have the top line of the bear channel and key level of 300$.
Ant take this Jedi to the Moooooon!!!!The Force is super strong with Ant, Padawan, No need for my Lightsaber the Force is All i Need.