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🔥 Bitcoin Uptrend Still Intact: Bearish Binance NewsToday we had a big bearish headline about Binance, the biggest crypto exchange in the world. The US Government is charging Binance with the following: • Conspiracy • Conducting Unlicensed Money Transmitting Business • Violating International Emergency Economic Powers Act This has resulted into CZ, CEO of Binance, stepping down as part of the settlement. Furthermore, Binance has to pay a small sum of 4.3 billion dollars fine. Naturally, the markets reacted bearish. This move was exaggerated by the high amount of open interest (leverage) being in the market, making dumps like these quick and deep. The long-term uptrend is still intact. Wouldn't be surprised at all if Bitcoin would see a move towards 39k from here, but there's some minor risks in the market that we can't ignore. Worst case for the bulls would be a move towards the bottom purple support. As long as this holds, bulls have the short-term advantage.
Long
by FieryTrading
6
BNB Price Soars As Binance Discusses $4 Billion Fine The U.S. Justice Department is seeking more than $4 billion from Binance Holdings as part of a proposed resolution of a years-long investigation, Bloomberg News reported on Monday. Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange's founder, Changpeng Zhao, would face criminal charges in the United States. The BNB price soared as much as 7% after Bloomberg News reported that Binance is in discussions with the US Department of Justice (DoJ) that may result in it paying a $4 billion fine to settle allegations of multiple criminal violations. The discussions with the DoJ may result in a settlement within weeks, but founder Changpeng Zhao may still face criminal charges, Bloomberg reported, citing people familiar with the matter. Binance, the world’s biggest crypto exchange, has been accused of money laundering, violating sanctions, bank fraud, and breaking US securities laws in a case that has weighed heavily on the crypto industry. A $4 billion settlement would make it one of the biggest in the history of the cryptocurrency space. Whether other conditions would be imposed as a part of the settlement are unknown, Bloomberg said. The BNB token, which powers the Binance ecosystem, spiked as markets interpreted the news as a bullish, best-case scenario for the beleaguered crypto exchange. It subsequently pared gains to trade up 4.8% at $260.73 as of 06:12 EST but is now trading at $257.3 with a gain of +1.77
Short
by DEXWireNews
🔥 AlchemyPay + Binance = To The Moon❓ +700% To The ATH❗️CZ announced the upcoming partnership of Alchemy Pay(ACH) and Binance. ACH is already start growing on this news. The test the order flow (green area) as the support will be an additional buy signal. The closest target is at $0.31 and the next massive target is and ATH at $0.1. 💥Altcoins from my buy list is continuing pumping. Try to now miss the upcoming ideas and video guides. like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
1
BNB => Ascending channel retest 🚀🚀🚀Binance Coin (BNB) has emerged as one of the stalwarts in the cryptocurrency space, showcasing remarkable strength and resilience. Let's delve into the fascinating world of BNB's price action, particularly its impressive ascending channel on the weekly chart, and explore the potential for a bullish breakout. Binance Coin's Ascending Channel: A Powerhouse of Potential The weekly chart reveals BNB's remarkable performance within an ascending channel. This channel represents an area where BNB's price oscillates upward within well-defined boundaries. Ascending channels often serve as powerful indicators of a bullish trend. Anticipating a Fakeout: A Clever Strategy As BNB moves within the confines of this ascending channel, traders should be aware of a potential fakeout. A fakeout occurs when the price temporarily breaks below the channel, tricking traders into selling. Look how fakeout can be done : A fakeout is a strategic move by whales and market participants to shake out inexperienced traders. The Art of the Retest: A Bullish Sign Should BNB execute a fakeout, it often follows up with a retest of the ascending channel's upper boundary. The retest serves as a validation of the channel's significance and a strong bullish signal. Experienced traders often view retests as prime entry points for long positions. BNB's Weekly Strength: An Encouraging Indicator BNB's ability to maintain its upward momentum on the weekly chart is a promising sign. Strength on the weekly timeframe is often seen as a sign of potential further growth in the mid to long term. Conclusion: Seizing the Binance Coin Opportunity As Binance Coin demonstrates its strength within the ascending channel, traders and investors have the chance to make informed decisions and capitalize on potential opportunities. Understanding the nuances of a fakeout and the subsequent retest can be a strategic advantage. While the cryptocurrency market remains dynamic and unpredictable, recognizing and leveraging these patterns and signals can empower traders to navigate the ever-evolving landscape. Remember to employ sound risk management practices and stay informed. Engaging in discussions, sharing your insights, and being part of the crypto community can be invaluable in this exciting journey. 🚀💼🌐 ❗See related ideas below❗ Feel free to like, share, and leave your thoughts in the comments.💚🚀💚
Long
by Yaroslav_Krasko
Bitcoin Dominance Drops: Are Altcoins Poised to Shine? 🚀The cryptocurrency market is buzzing with anticipation as Bitcoin's dominance shows signs of decline. 📉🔍 The Shift in Dominance Bitcoin's dominance has been a cornerstone, but it's now on the decline. This shift suggests a potential opportunity for altcoins to steal the spotlight. 🌟💰 Altcoin Season: What to Expect As Bitcoin dominance wanes, "Altseason" becomes a tantalizing possibility. Altcoins could experience significant price surges, making them a focal point for traders and investors. 🚀📈 Factors at Play Several factors contribute to Bitcoin's dominance decline, including rising interest in altcoins and exciting blockchain projects. Ethereum, Binance Coin, and other top altcoins are driving this change. 💎💼 Trading Strategy: Navigating Altseason Traders should diversify their portfolios, keeping an eye on promising altcoins. Risk management remains key in this volatile environment. 💼📊 Conclusion: A Shifting Crypto Landscape Bitcoin's dominance decrease hints at a potential altcoin resurgence. But remember, the crypto market can be unpredictable. As we anticipate Altseason, keep a close watch on the evolving landscape. Diversify your investments wisely, manage risk effectively, and prepare for exciting opportunities in the world of altcoins! 🌐🚀
CRYPTOCAP:BTC.D
by AlexWhale
BNB Binance Coin PT| Binance vs SEC Lawsuit | Whales DumpingIf you haven`t read my article about Binace being the new FTX: The you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, my price target for BNB Binance Coin is $184. Looking forward to read your opinion about it!
Short
by TopgOptions
BNB 2days/candle Binance Ponzi 50% correction🔸Hello traders, let's review the daily price chart for BNB today. Prior strong downtrend conditions then compression into rising wedge in downtrend signals further losses. 🔸BNB CZ took down FTX previously, however as a domino effect now Binance is under heavy scrutiny by global regulators and SEC in US. Things are not looking good for Binance and the Ponzi BNB token, previously artificially inflated by CZ/Binance manipulations is under heavy sell side pressure. expecting 50% correction. 🔸Recommended strategy for BNB/Binance bears: Short the Ponzi token at market, after breakdown of rising wedge we are hanging by a thread near 200/220 USD, once this final S/R is broken, free fall mode until 130/140 USD, expecting a waterfall dump and deflation of the artificially propped ponzi BNB. final TP bears is 130/140 USD. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:BNBUSDShort
by ProjectSyndicate
33
BNB Market Cap Looks Ready to Fall From a $20 Billion CliffI have made a few bearish Charts about BNB in the past and this is just a small followup and reminder of what seems like the dump to come. BNB has broken below all major moving averages and has been rejected from the 200-week SMA and now, if we break below $30B in market cap there will be no support below until 10 Billion Dollars but it could go much lower than even that. I thought about plotting some things on the chart such as a Bearish flag or a Harmonic, but I think the plain and empty chart in this scenario speaks more to just how bad this looks than any pattern ever could. I will however provide a chart link below to the projection I plotted for BNB earlier on in the year:
CRYPTOCAP:BNBShort
by RizeSenpai
1
BNB in a MASSIVE Bearflag.. BNB has been trading sideways for many months and after all the legal problems they have, its time to go LOWER. BNB is in my opinion still OVERVALUED. and also, there has not been any CAPITULATION event on BNB holders. As you can see, volume keeps dropping (bearish sign). very low liqiudity. also, BNB has formed a MASSIVE BEARFLAG. the flag has already broken down. in crypto, things must get WORSE before it gets better, and for BNB its time to get worse. i believe in the WORST case scenario, bnb can go as low as 120 or 80 dollar. In the BEST scenario, bnb can go as low as 202 or 180 dollar. They say dont fight the FED, i say dont fight the SEC. BINANCE:BNBUSDT BINANCE:BNBUSDT.P KUCOIN:BNBUSDT MEXC:BNBUSDT
Short
by realmadrid2015b15
BNB Binance Coin Sell Opportunity? BNB (Binance Coin) may face potential downside risks as a bearish outlook looms over the cryptocurrency. The recent surge in price could be seen as a sell or short opportunity, primarily due to the ongoing lawsuit against Binance by the US Federal Reserve (FED). The FED lawsuit raises concerns about regulatory scrutiny and potential consequences for Binance, which could have a negative impact on the value and reputation of BNB. If the lawsuit results in unfavorable outcomes for Binance, it may weigh heavily on the coin's performance in the market. Investors considering BNB should carefully evaluate the potential risks associated with the regulatory uncertainty surrounding Binance. My short term price target for BNB is $225. Looking forward to read your opinion about it.
Short
by TopgOptions
5
Binance Coin | A dormant Whale Sold 10,000 BNB tokens !If you haven`t sold BNB at the resistance, here: Then in my opinion Binance Coin (BNB) faces significant challenges that could potentially impact its price negatively. The first factor is the ongoing investigation by the U.S. Securities and Exchange Commission (SEC) into Binance and its CEO Changpeng "CZ" Zhao. Regulatory scrutiny can create uncertainty and potentially lead to a decline in investor confidence, affecting the price of BNB. Furthermore, After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million. What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then. Based on the information above, with the SEC investigation and the selling pressure from whales, a price target of $220 is reasonable, in my opinion. Looking forward to read your opinion about it!
Short
by TopgOptions
1
Binance selling BTC Bitcoin to prevent BNB selloff ?!?In my opinion, Bitcoin faces multiple factors that could potentially lead to a decline in its price. Firstly, the presence of a head and shoulders chart pattern is often seen as a bearish indicator, signaling a potential trend reversal. This pattern suggests that Bitcoin's price could experience a downward move. Adding to the bearish sentiment is the speculation surrounding Binance's potential selling of Bitcoin to prevent a selloff in its BNB token. Tweets from popular traders on Twitter, highlighting short-term price correlations between Bitcoin sell-offs and BNB purchases, went viral. The tweets suggested that BNB was being sold off for BUSD to suppress volatility in Bitcoin and that Bitcoin was being swapped out for USDT to suppress downside volatility. The circulation of such tweets, viewed by millions of users, can influence market sentiment and potentially lead to selling pressure on Bitcoin. The notion that BNB purchases are capping the upside potential of Bitcoin raises concerns about the sustainability of Bitcoin's price movements. While Binance CEO Changpeng "CZ" Zhao dispelled rumors of selling Bitcoin to support BNB, the impact of these speculations and Twitter discussions cannot be completely ignored. The uncertainty created by conflicting statements can contribute to market volatility and potentially affect Bitcoin's price. Based on these factors, my bearish outlook for Bitcoin includes a price target of $23,000, which represents a significant decline from current levels. Looking forward to read your opinion about it!
Short
by TopgOptions
BinanceUS suspends U.S. dollar depositsIf you haven`t sold BNB here: Then you should know that BinanceUS, a part of the biggest crypto exchange Binance, has made an announcement regarding changes in its operations. Going forward, the exchange will cease accepting U.S. dollar deposits, and customers will soon no longer have the option to withdraw dollars from the platform. This decision follows a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, its CEO Changpeng Zhao, and the operator of its U.S. exchange. The SEC alleges various misconduct, including artificially inflating trading volumes, misusing customer funds, failing to enforce restrictions on U.S. customers, and providing misleading information about market surveillance controls. I think BNB will test the $220 support. Looking forward to read your opinion about it.
Short
by TopgOptions
3
TRADE OF THE DAY | BNB our faith is with you CZ poss. 11%TRADE OF THE DAY | BNB our faith is with you CZ poss. 11% EXTREMELY VOLATILE TIMES - possibly some of the most for Crypto to date. There is a full week of FED announcements, the Binance Case (Freezing of assets now no longer looking like its happening), Hinman E-Mails. Although our faith is very much with Binance on this one - we have a bullish signal, along with a bullish divergence coming in from an oversold position on the RVI. There is a strong trendline breakout. It is is also looking like it could be setting up a new range between 301.14 and 220.75. Along with the bullish untested Weekly Pivot.
Long
by Kryptochristian
4
BNB: THE FALL TREND OF BNB below $200According to the latest study, there is a strong likelihood that BNB (Binance Coin) will experience a downward trend, potentially reaching a new low within a short period of time. This prediction is based on the previous trends of BNB, taking into account technical aspects of the cryptocurrency. As per the update, it is expected that BNB will drop below the $200 mark. The analysis of BNB's price history reveals that it started at a value of $8, and since then, there has been a significant increase in liquidity volume. However, when a considerable portion of this liquidity decreases, it can have an impact on the price movement of BNB. This is not trading advice, manage always your trades and risks well.
Short
by Goldenbreakout
🔥 BNB Waiting For Oversold Bounce Break OutBNB has been a leading bearish crypto over the last couple of days, which has most likely to do with the legal issues that both Binance and CZ are currently facing. Nevertheless, I think that BNB is still a worthwhile asset. With BNB hitting daily oversold (bottom indicator is daily RSI), I'm expecting some kind of bounce in the near future. The entry signal will be once BNB can successfully close an hourly candle above the dotted purple resistance. Stop below the recent swing low (currently 263) and a target of 300.
Long
by FieryTrading
6