Hello CZ how are you?Hello friends
Today analysis BNB coin
I can say a lot of good words about CEO binance CZ, about the team and the strategy for promoting the exchange and their coins, but I look at the chart and now I will explain what I see and why.
BNB is one of the most liquid coins on the binance exchange, because of the commission on deals, the IEO lottery, the holding of coins, transition projects to their Bockchain, and Margin trading opportunity very soon.
A lot of good news, I even saw such articles where people called BNB a new bitcoin. I think this euphoria :)
I don't want you making your investment decisions with emotions.
In fact, on March 24th, when BNB was on highs (look at chart), Binance announces “Update to the Binance Launchpad Token Sale Format”
www.binance.com
All in the best traditions of manipulators.
On the high people are encouraged to keep the coin for at least 20 days. After that, anonasirovanie buduyuschih good news that everything will be fine.
But after that, some more people are prepared for the next Tothemoon and the announcement comes out that the Binance exchange has been hacked, but everything is fine, but the team solved all the problems, but in my opinion if it happened once, it can happen a second time.
Information space can be filled with good news. But in fact, everything works cyclically and this situation is very similar to the situation of EOS when they had a minenet
Now we see the second cycle on BNBBTC and my first target is the support line for the upward channel 0.0022-23, we will most likely break this line down and the final target is the largest horizontal volumes 0.0016-15
MA50 MA 100 cross in D1 chart
CZ
BNB is the new ETH! In the past, we have posted most charts on BNB against USDT and BTC.
Now is the time to take our LONG TERM view on BNB and compare it with the biggest ALT, that is ETH.
In 2017, ETH saw price hike of almost 2000% from the level marked, actual hike was much more as it started rallying from 13 USD.
Why do we draw this comparison? A detailed note will follow on how BNB will lead the new kind of ALT run this year, but for now, BNB eco system is the reason behind us expecting this similar 2000% hike.
Tighten up your sealt belts, keep holding and happy trading :)
BNB/BTC AnalysisExtremely messy chart, I know. If the bull flag is to get played out, a long term target of around 0.0053 which also coincides with the fib level of 1.618 as drawn for the current wave, may be likely. As for short term targets, I expect to see a price around 0.0040700-0.0040800 relatively soon which coincides with our area of resistance and a fib level of 0.78 starting from the low of our last rally.
Also. some fundamental notes: I know there are tons of negativity surrounding CZ and binance. let's assume they're involved with tether shit. let's assume they're involved in pump and dump scams. they're making money through these scams, right? what are they doing with this money?! It seems to me they're injecting some of this money into their own projects and well BNB coin seems to be their favorite child. So are they gonna stop pumping it anytime soon? I don't think so. Although none of this really matters, listen to what the chart is telling you, not the news. The chart looks bullish and it has held its ground through all the recent alts bloodbath. wouldn't you say it's a strong chart if it wasn't related to CZ?
On another note, I think most of this negativity is due to judging them with our old-fashioned standards. We won't get a new world if we stick to the standards of our current one. Yeah they're not licensed, they're shady, but guess what, the whole crypto is shady and not licensed. Also, one of the main points of all this is getting rid of the middle-men, the middle-men who will cost us tons in money and time to make us licensed.
BNBUSDT Loss of 7,000 bitcoinsCheerful mid week!
My heart smelled yesterday, oh, not a simple CZ tweet! 7,000 cuets sailed into free-floating (which is not the name for the team's amokor). True, CZ in the morning AMA reassured everyone. They say that the reserve fund is not just organized. 42 million will get easily. Yes, and a couple of friends were ready to be thrown off. Although the brief details of the AMA have already gone to chat rooms, like hot cakes. So, nothing fundamentally new, I will not tell you.
I have already stated many times that only a hack can lead to a BNB crash. And the internal hack. A la Mt.gox. Today we saw that CZ is quite capable of repulsing a multimillion blow to the reputation and the market as a whole. Even the reorganization of the network is not needed (somewhere Acne is crying). Actually, the most interesting moment of this whole story is where exactly the vulnerability was and how it was used, and most importantly, whether CZ has enough eggs to tell all this.
What you need to do personally:
1) Change your account password.
2) Change 2FA.
In large hacks, it is always better to perebdet, than to come short.
And CZ softened the blow as much as possible. Press F to pay respect.