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BNTBTC

Bancor VS Bitcoin MA RejectionSince April, Bancor started to rise, breaking above the 200 Moving Average. Price went from 30k up to 58k satoshis (to considering the price spike). For two consecutive times BNT/BTC rejected the the moving average, but yet failed to produce a new high. Currently Bancor is trading very close to the 200 MA, which could, once again act as the support. If it will be rejected, and price stays above, the wave up might follow. Nearest resistance is 38.2% Fibonacci retracement at 60k satoshis. Second resistance is at 61.8% Fibs that is 80k satoshis area.  Break and close below the Moving Average should result in a decline towards 48k support level, but break below it is likely to establish a downtrend, sending price back to 30k satoshis area.
BLong
by CryptoPAMM
1
BNT:BTC - An interesting mixture of Bullish and Bearish signs!Ok let’s have a look at BNT:BTC on the daily log chart! Back on the 29th of March we finally found a bottom which we subsequently tested 5 times over the proceeding 7 days confirming it as support. Since then we have had a bullish crossover of the short term moving average (EMA 12) over the longer term moving average (EMA 26) around the 14th of April (green circle) propelling us upwards and through the 23.6% Fib like butter through a knife! We have since trended higher and blasted through the 38.2% Fib (this was expected given it had previously provided support in Mid-February). We are currently trading well above both the EMA 12 and EMA 26 and looking set for a test of the 50% Fib level. We last tested this as confirmed resistance back on 26th of Feb; and given RSI has just crossed over to oversold (red circle), it is likely we will find some strong resistance here again. Although the MACD is trending above the signal line, there is not a huge amount of momentum and it appears to be slowing down; which likewise confirms a likely retest of the 50% Fib. The flip side to this is that there has not been a lot of sell volume and buyers have been out in force. One thing we need to look out for though is that buyers who got in during the bottom might be seeking to offload shortly especially seeing as though we are oversold on the RSI and Accumulation/Distribution is trending downwards. We also have some interesting candlestick patterns potentially emerging including a Dark Cloud Cover on the 30 minute chart (at time of writing), a Doji Star Bearish and a Gravestone Doji on the daily. If the 50% Fib does provide resistance, it is a good chance we will find some good support back on the 38.2% Fib and bounce back off it after a short period of consolidation (and waiting for the EMA 12 and EMA 26 to catch back up and give us even more support). Note: This is the scenario outlined by the red arrows. If this does occur we could potentially form a cup and handle pattern (shown in black) which will actually take us higher than scenario 1 (up to around 0.00021850 which is a 43% increase from current prices)! However, if we do break through the 50% Fib without finding any resistance (green arrows scenario) then there is not a lot to hold us back until the 78.6% Fib level. In summary we have an interesting mixture of some very bullish and some very bearish indicators. I will be patiently waiting neutral and make a long trade if we can confirm above the 50% Fib and take profits just before the 78.6% Fib; or alternatively if the 50% Fib provides enough resistance waiting for a confirmed bounce (and good indication the down fall is over from other technical indicators including a potential cup and handle pattern) back off the 38.2% Fib. Let's be clear though, overall I am bullish long term - I am just waiting to decide where and when I make my trade depending on how this plays out over the coming days! Trade safe! Cheers
by Corrupt_Economy
Bancor | BNT ... Bancor Network Launches Native Wallet Bancor Network Launches Native Wallet With Built-In Token Conversion I think Bancor is good coin for long-term According to Bancor’s statement, over 100 Blockchain apps with their own cryptocurrencies have already announced integration with the Bancor Network, including such popular tokens as ETH, EOS and DAI. Bancor reportedly neither holds nor has access to customer funds, which in turn enhances the wallet’s security. We should buy it and hold it Buy order : 30000 - 33000 Profit : (1) 35000 (2) 40000 (3) 47000 (4) 53000 (5) 60000 Stoploss : 28000 Good luck Everyone Thanks
BLong
by Glorali
BNT: Losing Steam or Pushing Through Long Term Resistance?Charts like BNT's current chart are tough for me to gauge because I do not use fundamental indicators like RSI. However, I see the trend continuing and will look to buy in once BNT has broken through long term resistance (as shown with the red line and green circle on the right side of the chart. This will be a great one to monitor going forward. Tell me your thoughts! Looks like buy levels are in flux and former Fib level support are acting as resistance. The 7 day moving averaged topped off and went below both of the long term and short term Fib levels. In the past, this has been an indication of very strong downwards resistance. I think this guy needs time to deflate before moving higher. Therefore, I will follow the low lying trend line I drew on my last Bancor chart. The buy in opportunity will most likely be where long term support break long term resistance, rather than this brief pump. Last Bancor chart: Hold fast since this guy will come up again, few weeks max. If you bought at the top it might be wise to sell here and then buy again when the trend breaks long term downwards resistance. I will be looking for better short term trades at this particular time and am pulling bitcon off of bid orders.
by SgtOuiOui
BNT Trade JournalBNT is added to my watchlist. With Wave 1 nearly complete and the gains on the 1st wave were 350%+! That means Wave 3 is going to be massive! I will be watching the retracement of Wave 2. Initial Target Entry Level: 27645 - 21619 *This may change as the wave forms =============================================================== Welcome to my journal of thoughts on trades and price movements. These are just ideas. This is NOT investment advice but rather a way for me to keep track of my trades and to record my thoughts and emotions on a trade to reflect on for the benefit of my psychology and charting for the future. You can follow me if you wish but please do your own due diligence when it comes to investing your own money. FOLLOW ME BELOW Twitter > twitter.com Blog > whynotcrypto.com YouTube > www.youtube.com MY RECOMMENDATIONS Favorite Exchanges > Bittrex: whynotcrypto.com Binance: whynotcrypto.com Favorite Crypto Portfolio Tracking Apps > Altpocket: whynotcrypto.com Bitcoin Tip Jar: 1L7HkYqjviyeLmFkrKZWZcoBWHnP19JH7u
Long
by GannJourneyman
2
Bancor: Partnerships & Israeli-Crypto InnovationBancor has been on my radar since the beginning. However, what began as a massive ICO -- about $150 million in 3 hours - ended up in a massive dump when BNT came to market. However, after compiling enough data it seems Bancor will be making its way up in Market Cap and price in terms of BTC. This chart shows that BNT could be following one of two paths. The first path is a massive jump in price out of the gate. The catalyst for this jump could be their partnerships with Status, Aragon, Gnosis, Civic, Neo and Coinmarketcap.com; the creation of the Bancor API and the list goes on and on and on. (blog.bancor.network) However, if this price action does not play out in the short term due to a large rise in the price of BTC or some other unforeseen cause of resistance, then the price will stabilize within the current wedge between short term support and long term resistance at roughly 0.0007 BTC to 0.0005 BTC. If Bancor's vision works out, this could be a very good early off-bitcoin-blockchain solution to providing liquidity to decentralized exchanges in 2018/2019, since Lightning Network still seems far away. We'll see how it plays out. Disclaimer: This information is not reliable or valid or good in anyway. Please ignore this and do not take it for investment advice at all.
Long
by SgtOuiOui
3