Trading ALT PairsWhen it comes to crypto, everyone assumes that Bitcoin & Ethereum are King & Queen. When it comes down to the technicals, there are better options. 2 of my favorites are ETC & BNB. They are reliable and light weight compared to their OG counterparts. My latest pine_script experiments are yielding better results as I learn more about the raw coding. These are 2 varying codes that are over-laid to produce trend patterns combined with trading bot algo strategies using Wunderbit. What I am finding is that alt pairs are more consistently profitable in backtesting than BITC/USD. More updates to come. Hit me up with your ideas.
BNB-BTC
NEO BNB LONG IDEANeo bouncing nicely from the support. Target 1 is 0.69 BNB. Expect it in comming weeks.
BNBull or BNBear??BNB has been in a bear-trend since its massive rally to ATH's in early 2019 when it reached 48134sats. On the way down price lost the Weekly Supports of 33000sats and 26555sats, however the Weekly Support of 16800sats has held strong since first being tested in March this year. Price is now testing the downtrend identified on the Weekly TF which runs from ATH and the swing high of June 10th 2019 Weekly candle. If price were to close above this trend-line I expect it to test 22841sats Weekly Resistance at least with the Weekly resistance of 26555sats being my next target. If the trend-line were to remain unbroken then price would be forced to break the 16800sats Weekly Support and test the Monthly Support of 12472sats.
Don't miss the great buy opportunity in BNBBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00204).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.00230
TP2= @ 0.00260
TP3= @ 0.00299
TP4= @ 0.00354
TP5= @ 0.00439
TP6= @ 0.00472
SL= Break below 0.00200
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BNB-BTC ALLIGATOR OPENED MOUTH! ***NEW BULLISHH TRADEPLAN***BNB-BTC ALLIGATOR OPENED MOUTH! ***NEW BULLISHH TRADEPLAN***
BINANCE:BNBBTC
We see clearly that the alligator has opened his mouth! This is an message of a new possible trend.. Open trend untill the alligator closes his mouth..
Buy in between: 18880 - 20468
Goals:
1: 20826 10%
2: 21390 13%
3: 22301 18%
closing trade conditions:
- when goal 1-2-3 is reached
- when alligator closes mouth
Intraday Yearn.Finance YFIBNB/BTC Theory Open Platform microloan financier. No contracts beyond math coded and open for public view and record. YFI adapts to meet future needs of first, second, third and continued world countries. Learn, adapt, embrace and listen to the people of the world.
Embrace the opportunity.
BInance coin VS Bitcoin ;-)Beinance Exchange Popular Coin vs. Bitcoin
One of the few currencies that has had almost constant daily trading volume is BNB.
In the daily time frame, the base line price has risen sharply and well.
We have the intersection of the convension and base lines under the Komo cloud and upwards.
In the last 6 days, we have seen a good increase in the average daily trading volume.
The price has shown a positive reaction to the moving average of the Bollinger Band indicator.
The following goals and targets for this coin are conceivable.
LINKBTC - Bitcoin going to pump?LINK is building a huge rising wedge...
If that thing triggers we are going a 60% decline in value vs BTC.
It could, but I don't think this chart is going to hit the upper boundary before falling through the wedge.
XTZBTC also looks very bad (chart analysis follows)
BNBBTC also looks bad (analysis follows)
Other big coins too.
The most logic outcome in my opinion is: Bitcoin is going to pump in value and people will move from ALTS to bitcoin.
If Bitcoin goes down, people would not convert LINK / XTZ / BNB etc to BTC but instead to USDT. If they see Bitcoin pump, they move their ALTS to BTC.
Fear and Greed Index on Bitcoin is also quite low for what happened the last few weeks.
Happy Trading!
BNB is about to the moon, if ETH / BTC break the neck line. BNB is very near to the down trend resistance, I think this time is very likely to break the resistance. watch tight ~ 20 usdt.
and crypto world is all about the status of BTC and ETH. these two brothers is about to test the very key neck line ~ 8970 and 233.
if BTC and ETH break neck line, BNB is going to the moon!