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BNB-BTC

BNB good hedge while BTC and other Alts dump? Upon news of the BTC rejection of an ETF, BTC and other alts have plunged while BNB has been making higher lows/highs. The trend is still valid if BNB can stay above the yellow dotted line. Resistances can be seen around the two green lines up above. If BNB can stay above the yellow dotted line and grind higher, we can possibly see BNB break from BTC and move in the opposite direction as people find a better hedge against BTC whether that be BNB or Tether - this has held true in the past. If we definitively break the yellow dotted line, this C&H might then be invalid and it is time to re evaluate the position and take profit/losses. I will keep you updated as this plays out :D
Long
by thenotoriousbtc
BNB to rise throughout BTC retracementWhen Bitcoin begins a retracement after a large pump (such as has begun today), BTC traders have three main options to prevent losses: withdraw to fiat move funds into Tether move funds into Binance Coin (BNB) All of these are temporary, until BTC finishes it's move down, and then funds can then be moved back into BTC for the next huge rise - which is coming. But both the fiat and tether options (which are essentially the same thing) miss out on the opportunity to benefit from BNB's relationship with BTC. Generally speaking, when Bitcoin is going down, BNBUSDT is going up (and vice versa). As the fees coin for the biggest exchange in the world by volume, BNB is the temporary safe haven of choice for many (but without the inherent disadvantage of a stablecoin such as USDT). The beautiful thing about this relationship is that with well-timed moves, you are either making profits from one or the other. BNB has very strong support at $12 (even during the huge BTC pump of this week it did not drop below this level) and strong resistance at $17. Having started today at the base of that range ($12.15), and with the Stochastic RSI primed for a nice rise, there is plenty of scope for BNB to rise to between $14 and $17 as traders move funds temporarily out of BTC. The next week should prove very profitable for BNB. BNB also just happens to be an excellent long term investment - slow but steady, and relatively predictable based on Bitcoin's large moves. Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
by BCryptological
2
BNBUSDT (Volume Analysis Prediction 7/13/2018)Ticker: BNBUSDT Exchange: BINANCE Mid term signal: buy The coin moves irrespective of the market Now the coin is on global support We buy after the reaction of buyers Stop put below lower point of the current wave From this support, price unfolded several times And the reasons to be sure that now the price will break down this point, we do not have We have an excellent risk-profit ratio After completing the first goal, move the stop to the break-even point Enter: 12.45 Take profit 1: 13.50 Take profit 2: 14.65 Take profit 3: 15.60 Stop: 11.77
Long
by mooncatcherpro
BNBUSDT (Volume Analysis Prediction 7/09/2018) Ticker: BNBUSDT Exchange: BINANCE Mid term signal: buy This coin goes by itself This coin goes clear from level to level, and from this is more attractive Now the price of support, and formed a pattern of "false breakdown" Yes, maybe we will get a loss But we have an excellent risk-profit ratio And we have the opportunity to be at the very beginning of the trend Also notice when the market falls, this coin either grows or stays in place, which indicates that the capital is flowing into it Enter: 13,92 Take profit 1: 15,04 Take profit 2: 16,50 Stop: 12,93
Long
by mooncatcherpro
ASCENDING TRIANGLE PATTERNASCENDING TRIANGLE PATTERN Looks to me like BNB (the coin that keeps on giving) is forming on the daily chart and looking to have convincing breakout passed 18382 stats. Temporary support at 16485 stats and base support at 14730 stats for the week. Positive cross over on the STOCH RSI on the weekly chart. ------------------------------------------------------------- *Disclaimer 1) This is for educational purposes only and not financial advice. (blah blah blah) 2) I would really appreciate if you left a comment and some feedback if you like this post. 3) If you disagree with me, let me know what I'm overlooking. It's not about being right or wrong. It's more about creating a helpful and open discussion. 4) I like posting my ideas to keep myself accountable and try to get better about TA for myself. It's better than cycling through my different charts with constantly changing trading strategies. 4) If you are going to leave a troll type comment saying I'm wrong after the fact, you can go John McAfee at a BTC under 1 million USD by the end of 2020. Unicorn of the Sea - Narwhal
Long
by UnknownUnicorn2706281
It's Time to Consider BNB As Your Base CryptocurrencyFUD is nothing new, but in recent weeks cryptocurrency trading has been increasingly tough. Bull markets rarely ever teach us anything as nearly everyone makes money in Bull markets. Every coin is seen as either a great project today or the future coin of tomorrow. Projections and promises of these projects tend to be high; and so tend to be their price. Even lackluster returns or news can send a coin skyrocketing. Bear markets, in comparison, show us the real "meat on the bone." They help us see what projects people actually believe in versus what projects were speculative in nature; only being chased for the hopes of abnormal returns. It goes without saying that it has been a tough year for Bitcoin. My actively traded investment has fallen nearly 20%. Bitcoin seems to loose against the USD on a daily basis, with bad news ruling the headlines. But what if I told you that there was a better way, and that there is a coin that is OUT performing its 200 SMA? What if I challenged you to describe what exactly makes BTC so special that everyone wants to accumulate it? What if I told you that the best investment to accumulate BTC would be to change currencies? Finally, What if I challenged you to seriously consider changing your base currency to Binance Coin? You would probably tell me that the devil is in the details. Let me share them with you. BNB is currently trading at nearly $15 and has gained steadily since it struck bottom in February. Instead of trending downward and scaring the entire crypto community half to death, BNB began a nice uptrend. Overlaid (in orange) is BNB versus BTC. It doesn't take a rocket scientist to see that there is no comparison. BNB is currently the only coin that is actually outperforming SMA 200 against BTC, USDT, AND ETH. Furthermore, BNB is a fundamentally sound coin. The Binance exchange accepts this coin as payment for fees on the exchange. Traders get their fees half off (.05%) if they use the coin; which is currently the cheapest fee in the industry. Traders have been flocking to this site (myself included) because of its incredible liquidity and the ability to save loads of money on fees. Binance has quadrupled its customer base since January, and this kind of expansion is likely to continue. Furthermore, Binance has limited the supply of this coin, which will increase scarcity and raise prices. Lastly, Binance has become a trusted name in crypto; and this is likely to continue for as long as the managerial decisions are in line with the basic investor. While no one will likely say that BNB is going to be the next world currency, it has shown that it is good store of value while the Bear market continues to drag on. Setting your AI and strategies to trade against BNB simply can't go wrong in the short term; as you can always re buy BTC or ETH at a later date for your long term HODL. Many, including myself, have been searching for a way to short BTC in this market. BNB may present the best way to do it.
Long
by jgree107
1