Binance Coin (BNB) UPDATE MAY 2024Hello Friends.
How are you?
today I wanna publish a new analysis of BNB
It's not financial advice. please just read and do based on your strategy.
Let me tell you something first. The market moved more than I thought. and it's really strange. when Bitcoin passed 42800 because Bitcoin did not react to this order block.
let's not go into details.
I used the Fibonacci channel. As you know, when we want to draw a channel, we need two points at the bottom and one point at the top.
so, I drew a channel line. and finally, the price succeeded in breaking the top of the channel.so I activated the second channel line.
we see the second channel line stopped the raising. and we had a very powerful pressure of selling. As a result, the price dropped to the top of the first channel line. and then the price raised to complete the pull-back to the broken midline and I expect to drop more.
the first target is around 226 USD the second one is around 85 USD and the last one will be 35 USD.
*** important notice:
Finally, wait until the price reaches $35. The price movement in recent months is not important to me because I believe that the price should reach around $35
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I'm still counting on my pre-analysis and I believe that the best place to buy and hold Binance-coin will be the 3rd one. and the price will touch that place at a few months later. I'm sure about that.
Please don't be fooled by Twitter and Instagram influencers. That's all.
please think about that carefully. and know that Opportunities in the market flow smoothly like a river.
Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends.
And Tell me do you agree with me or Not?
Please don't hesitate to write your comments below.
❤️❤️ Wish you the best ❤️❤️
Sincerely Yours
Ho3ein.mnD
Heavy
Dollar Index IdeaGood morning, traders! Here's a quick update on the Dollar Index. It appears to be experiencing a substantial selloff, and indications point toward a repricing into lower liquidity levels.
Interestingly, in contrast, we're observing rallies in other dollar pairs, including EUR/USD. We made an attempt to take a swing position lower in EUR/USD yesterday, but as we've seen, sometimes recognizing when a trade is moving against you is an art in itself. We promptly closed that trade with zero profit, demonstrating the importance of swift decision-making.
This situation underscores the significance of monitoring correlation between currency pairs. Understanding these relationships can be instrumental in making informed trading choices.
As for the Dollar Index, it's worth noting the presence of a single-print level at 104.897, often referred to as a "liquidity void" in modern trading vernacular. This is a particularly attractive target for algorithmic trading, and it will be intriguing to see how events unfold.
Wishing you all a day of successful investing, dear traders.
BTCUSD - a resistance noone is mentioningHello guys!
I have some BIG warning signs for you:
Bubble Theory:
Do you really believe we are currently in the phase of a sucker's rally when everyone is shouting "BUY". I'd rather hear my friends ask me "Do you still believe in this sh** market???". Than I buy!
Emotions:
--Last week, friends and family came up to me and asked me how they can invest in Bitcoin, they read that it went to 5000$ and they believe it's going to 100000$.
--> A - Sell the news
--> B - When the crowd buys, sell!
--> C - Think like the big boys, not like the people who work hard for the money day in and day out
Chart:
=> Noone looks at that massive resistance which is coming down aslant from the previous bottom. This old support held for months, means it is HEAVY resistance.
=> The weekly RSI wasn't able to move above the 60 level which means, that we are still holding our bear trend(!). This could lead us into a bearish Monthly RSI which will trigger new lows.
=> TD Sequential hit a perfected 9 in every timeframe and in the 12h the perfection was confirmed with the pump to ~5460 yesterday.
=> 21 EMA resistance on the monthly
=> You can draw EW (Elliott Wave) in two ways, one where we already hit the bottom, and the other one, as in the picture (recovery 1 is very steep, recovery 3 is very flat) which would give us new lower lows.
=> We could be building a bearish continuation flag on BTCUSD
=> If the candle closes the way it is at the end of the week, we have ourselves a beautiful reversal doji.
=> I see the support/resistance trendline as a long lasting one which we are going to hit several times from down- and upside and it may be our point of entry one it hits from upside to take it as support again.
Curious about your opinions, looking forward to your comments!
P.s
I'm in the market since July 2017. Left the market in December and January 2017. Love the market and I believe in the technology and a few projects, but lots of them, especially the exchanges are greedy, money washing machineries.
I do always update my friends about the crypto currency market, so let's give Tradingview Posts a shot.
KMTUY; long heavy machinery anyone who as been to the US always says the same thing; "Wow, there's just so much space here!"
Well china and russia the same way... huge countries with some mineral wealth that a) need it extracted and b) need to take the profits from exporting this mineral wealth and turn it into paved roads, water purification centers, hospitals, etc... the developed world!
A few companies do this $CAT $DE and $KMTUY
I have been long CAT for a long time, but recently have been eyeing KMTUY as it was falling... I think it could be oversold here and could move up with a tp1 of ~31.5 the KS
if we close below purple... probably time to close.
Manage your risk
GL HF
Xoxo
Snoop
CLAM vs Bitcoin Increased VolatilityRecently CLAM has been trading under the increased volatility and on the 24th of June price produced a spike in both direction, up and down, with the range of 75%. Prior to the spike, the double bottom has been formed at 36180 satoshis, although after the volatility price failed to close below that support level.
Today CLAMS/BTC gained over 15% and went from the 36180 support up to the current price at 40800 satoshis. The interesting point is that CLAM is trading right at the downtrend trendline and produced a high at 42323 sats. Break and close above this resistance should push price further up towards the 61.8% Fibs at 47k satoshis.
If that resistance is broken, further uptrend should be expected, this time it could rise towards the previous high at 60k satoshis. And only break and close above that resistance could suggest the beginning of an uptrend, rather just a corrective wave up.