Binance Coin - BNB Cryptocap / Idea I hey guys,
Yearly candle: inside bar - indication of possible upmove.
-> targets : 84 and 117 (previous ATHs)
-> levels are crucial for a resumed uptrend to be in place on the yearly chart.
Quarterly: Shooting Star below "showdown zone" - fib extension box from the yearly inside bars range BUT above 85. = Indecision - Balanced market.
-> Stochastic is bullish but reached OB zone.
Monthly: Confirming Quarterly… -Consolidation
-> shooting star with a long wick -> bulls be careful!
-> 80-85B becomes the crucial support area
-> stochastic has turned down
-> bearish setups all together
3D: Consolidation at Showdown spot
-> break will be necessary for a confirmation of Bias
-> Quarterly High and low, Monthly high and low will be visited / reaction will be monitored
Thanks for reading
Bnbchain
CAKE/USDT > Highly Probable > Strong Bullish Weeks AheadHello everyone,
first of all, please take a look at my recent ideas on the pair (CAKE/USDT) from back in
FEB 5th:
& March 7th:
NOW,
I can imagine two HIGH PROBABILITY scenarios with different timings yet exactly the same target for the near term future of (CAKE/USDT)
both of which are drawn as paths on the chart.
Scenario A: RED PATH / lower probability (30%)
Scenario B: GREEN PATH / higher probability (50%)
* what I clearly mean here is that there's a 20% chance for an unforeseen third path in which this idea is not valid anymore!
** please take the fact into account that PANCAKESWAP is of relatively small market cap and it's token's price is subject to strong fluctuations due to whale activity and big money moves.
Have a great trading and always KEEP IT SIMPLE...
BNB Versus BTC: A Grim PredictionAlthough this is probably becoming a more 'mainstream' view, I still believe BNB has lower to go. I mainly think that shorting BNBBTC is the best expression of a negative view on BNB and Binance broadly, as I think BTC will probably go higher over the next few months.
As Binance struggles with all these lawsuits and faces issues in and out of the US, its competitors are rising. In my opinion, all exchanges will face lawsuits from the US; it's just that Binance is the biggest target. Recently, regulators or Binance revoked some of its licenses, like the UK, Belgium, Netherlands, and Cyprus.
It's been clear for many years now it has done many shady things for which it would eventually have to pay a heavy price. It's unclear how dire the consequences will be, but it's unlikely that they will escape unscathed. There are also many big questions around BNBchain, which is heavily centralized and controlled by a few people.
BNBBTC peaked when FTX collapsed, a clear sign to go short. Why? Because regulators would have to become more active and mainly focus on Binance as it was selling its FTT and was partially blamed for the collapse. But how low could it go? And why?
In BTC terms, the minimum target is 0.0065. It will probably test that high and sweep the double bottom left untouched. However, as time passes, I think it will go significantly lower and potentially get as low as 0.003.
My reasoning is that 1) More exchanges will rise and compete with Binance, like Coinbase, Gemini, and other TradFi exchanges. Maybe even FTX gets revived (FTX 2.0), 2) BTC will dominate flows and liquidity as the ETF over the next year is almost a certainty, 3) Bitcoin, Ethereum, and their L2s will get the most users. Bnbchain will fail to gain extra traction, 4) Binance will face severe regulatory pressures and lose some court cases.
Finally, as you can see in the chart below, BNBUSD doesn't look healthy at all. It's still extremely overvalued, had a mini blow-off top and failure to reclaim support, has been rejected at the yearly Pivot, and has a massive FVG lower. I believe that the price could get to 150 over the next year, even if Bitcoin keeps rallying.
$ID RALLY: Bearish Divergence VS SPACEX Factor BINANCE:IDUSDT
Amongst the crypto community the sentiment attached to SPACE X is that a successful launch would rally all of crypto. The correlation between successful launches and crypto market cap(s) is unknown. However I agree with this perspective, and I'm eagre to see how it plays out. So its noted, and plotted for 9AM EST (2hrs from now). People are expecting Elon Musk too genuinely put DOGE coin on the moon... pundits are expected to shift the conversation too tokens of true utility with genuine business use case. I do see strongly branded projects mooning. And the eToro x Twitter partnership becoming common knowledge as a common talking point when discussing his successes on air. 450,000,000 DAU (daily active users) getting crypto info is huge.
Could retrace to .80 or .78 USD but... i doubt it. There's 66,000+ holders, and the project is on over 30,000 watchlists.
The retracement is normal, remember in the past 7 days we crossed 106% in growth, so this isn't a dump. Its a minor correction at best before we continue blowing shorts out of the water. Personally I'm bullish and I expect to rally from here.
#SPACEID being down 10% is nothing.... its already hovering, settling, and repositioning for another breakout to the upside. It's successfully battled the -10%. It gives me confidence to see it stand up to the selling pressure. Also, people taking profit is too be expected. If we trail sideways I'm fine with that. BINANCE:IDUSDT
Bonus Historical Data:
One of the most publicized SpaceX launches was the Crew Dragon Demo-2 mission, which took place on May 30, 2020. Here are the approximate Bitcoin and Ethereum prices for the day before and after the launch:
May 29, 2020 (Day before the launch):
Bitcoin: ~ HKEX:9 ,400
Ethereum: ~ HKEX:220
May 31, 2020 (Day after the launch):
Bitcoin: ~ HKEX:9 ,700
Ethereum: ~ HKEX:235
$BNB/USDT 2D (#Bybit) Broadening wedge breakout and retestBinance Coin is pulling back to 200MA daily where a bounce seems likely on strong demand zone.
⚡️⚡️ #BNB/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.7X)
Amount: 7.4%
Current Price:
297.70
Entry Zone:
291.00 - 268.40
Take-Profit Targets:
1) 332.85
2) 372.85
3) 412.85
Stop Targets:
1) 235.25
Published By: @Zblaba
Websites: binance.com bnbchain.world
Tags: #BNBUSDT #Binance #BuildNBuild #BinaryFinance #Payment #SC #CEx #CeFi #BSC
$BNB/USDT 2D (#Bybit) Falling broadening wedge on resistanceBinance Coin (a.k.a. BNB Chain) got rejected on daily 200MA and does not seem to be able to break-out quite yet.
Let's hedge our holding with a short position without leverage, entering on the possible bearish retest!
Current Price:
303.00
Entry Zone:
309.95 - 339.85
Take-Profit Targets:
1) 248.80
2) 209.10
3) 172.45
Stop Targets:
1) 386.00
Published By: @Zblaba
Risk/Reward= 1:1.25 | 1:1.9 | 1:2.5
Expected Profit= +16.26% | +35.64% | +46.92%
Possible Loss= -18.81%
Tags: #BNB #BNBUSDT #Binance #BnbChain #BuildNBuild #BinaryFinance #Payment #SC #CEx #CeFi #DEx #DeFi #BSC
Websites: www.binance.com www.bnbchain.world
Contract:
#Mainnet