BINANCE COIN / BNBBTC / Ichimoku / Heikin AshiBNB is looking very bullish . I feel the fundamentals behind this token are strong. The long term decentralized vision of Binance makes a lot of sense to me, and they have the capital and liquidity to pull it off. The move to Malta, ability to bring fiat pairs, and a coin that actually has a use (exchange fees), all in all i like this coin a lot.
We have reached the all time high for a double top.
RSI is showing bullish divergence on the 4 hour & the 1 Day chart.
We are well above Kumo, Tenkan and Kijun, showing a very strong trend.
A retracement back to the trend line is likely , but the bullish RSI indicates we may break out and make a new all time high vs BTC.
I am waiting for a strong bounce off of the Tenkan, a white candle with no bottom wick, and a close above the 1 to enter.
I think this is worth keeping an eye on. it's nice to see an all time high in this market. go binance!
Heikin
Looking BearishVWMACD is gaining momentum, both short term and long term. Also, ADX is increasing, whilst having DI- higher than DI+, meaning that a bearish trend is forming. In addition, SuperTrend's descending supertrend is beginning to fall. Considering the last few Heikin-Ashi candlesticks have been red, I think it looks bearish.
BTC Retracement to the Tenkan LineCOINBASE:BTCUSD should be pulling back to the Tenkan line as it's been off the Tenkan for a few days now. I had originally thought that pull-back would have already occurred but it appears we are going to head to the bottom of the Kumo Cloud (around $12k) before we get this push back. I do not see us breaking through the Kumo Cloud without retracing back to the Tenkan Line. After we get back to the Tenkan I believe we will make a run up into the Kumo Cloud and test the $14.5k zone.
Bull TrapBitcoin has always been a bull trap, investors got In early before praying on a rebellious section of the population to propose itself as the death of banks the end of inflation. little did these dumb money investors know they were in the deep end with sharks everywhere they are still dying praying for recovery which is entirely possible, but trading is dependent on a smart mature mind. do you panic when you see your stock falling? are you over leveraged? are you being greedy? its a beautiful game, long term I hope bitcoin and other cryptos show the world there potential so I'm all for it. ill be analysing and looking for a yearly position id like to see 5k again first happy trading give me a thumbs up
Heikin-Ashi Monthly Trend StrategyTrade current Heikin-Ashi monthly trend long or short/bonds/cash
Reverse trade with a decisive break of the 7 period Moving Average at close of monthly candle
Decisive means non-Doji candle with body 50% or more above/below the 7MA
Doji or indecisive break of 7MA may just be consolidation, stay with current trend
Ethereum Trendlines with Heiken Ashi candles on the Daily ETHUSDEthereum is approaching a battle zone around $300, these next few days and coming weeks will be key on its new trend. If it breaks it current down trend and heads upward the next resistance will be the double top around $400. If it breaks its long term uptrend then its support levels will be around $200 and $135.
Crude Oil Continues Moving LowerCrude moved lower on Monday but ended the day in the middle of the daily range, unable to break through Friday's low of 46.74. Price also tested the weekly Pivot Point above at 48.13 but was not able to break above that mark. As long as crude trades below that Pivot Point, it indicateds that price wants to keep moving lower.
The Heikin-Ashi chart showed a slowing of the downward movement with an inside candle today. However, the trend is still solidly red.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.