BNBBTC trade ideas
BNB: is going to form a Bat harmonic patternPlease only enter the short position in case of price reaction to the resistance zone.
Don't forget the capital management
BNB/BTC bounces from support. Long oppertunityBNB has been on a decline since it´s ath in February. I has now touched the 200 EMA on the 4 hour. I will be taking my profits at the next resistance marked on the chart, and SL on 0,0045.
I support my idea on behalf of the BTC.D dominance which is looking quite bearish, being that it rejected forming the H&S pattern. I am also bullish on the coming altseason.
BNB/BTC BUllishBNB Forming a decent symmetrical triangle but it may retest the lower trend line before aa a possible breakout... so keep your eyes on it and fill your bags before next bull run...
we had better wait just breaking out of 0.0048240 resistanceOn this chart, I put "tend-base fib time" on the base of red triangle, at the same time we have a historic resistance on 0.0048240, which is now play as a Icy wall (like Game of Thrones), it is challengeable mountain for climbing up.
The base of the triangle begins on 19 Feb, however by occurred waves, The vertex of the triangle would be about 30 Mar, therefor up to now we have passed 0.61% of this period, by next week I expect for next movement to attack to above mentioned resistance and I hope it would be break out ultimately,
BNBBTC - 2DPossible giant bullflag! When you're trading a altcoin, it's important to keep the BTC chart in sight. You need to know if it's worth playing the ALT over BTC
For every new follower i will add a new idea :)
Binance coin formed bullish Shark for upto 22% profit moveHi friends, hope you are well and welcome to the new update on Binance coin with Bitcoin pair.
Previously we had a good trade of Gartley pattern by BNB with BTC pair:
Now again on the 12-hour time period chart, the price action of BNB coin with Bitcoin pair has completed the formation of another bullish harmonic move and this time we have a bullish Shark move.
On the other hand, the Bitcoin is rejected by the resistance of an up channel, therefore the Binance coin can grow more against the BTC:
Buying and sell targets for Shark move:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Buy between: 0.004578 to 0.004333 btc
Sell between: 0.004797 to 0.005288 btc
Stop loss:
The maximum extent of the potential reversal zone to 0.004333 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 22%,%, and the high loss possibility upto 6%.
Note : Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BNBBTC - LONG setupBNBBTC on the daily timeframe marked has formed a nice M formation, in which we expect the pattern to complete at the neckline giving us an upside target.... dropping down to lower timeframes we can see market has just formed this nice inverted head and shoulders pattern giving us more bullish confluence, i am waiting for a break and close above this level of resistance from a 1hr perspective before possibly looking for a valid entry to long.
BNB/BTC to bounce +15%Ever since Binance’s token BNB has set a new all-time high against BTC in mid-February, it has traded mostly in the range between 0.0040s and 0.0050s.
The support level has been gradually moving lower, so Cindicator’s tokenholders voted to ask Hybrid Intelligencec a question about BNB:
“The cryptocurrency Binance (BNB/BTC) settled at 0.0045352 BTC at 09:45 AM UTC at the Binance exchange on Monday, March 15. Will BNB/BTC trade above 0.0052155 BTC (+15%) earlier than trading below 0.0038549 BTC (-15%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 88%
This is a bullish sign, suggesting that BNB is likely to bounce back from this level.
Dipping below 0.0040 could cause a deeper correction, but it’s more likely that BNB will be pushed back into 0.0050s. This could be a good time to add to a long position in BNB or make a few sats swing trading.
BINANCE COIN! A defined Setup with Huge Risk:Reward!BINANCE:BNBBTC
🚨PLEASE LIKE AND SHARE IF YOU FIND IT USEFULL🚨
Some of you liked the way I explained my procedure for enteering a trade and calculating position size in my EOS/USD swing trade, so today I'll try to replicate it with this new BNB/BTC setup that I found.
** This analysis is ment for educational purposes, not financial advice. Trade at your own risk **
🟠 ¿WHY AM I ENTERING THIS BNB/BTC TRADE?
The first thing to consider is that there is clear evidence that the 2019 highest weekly close is acting as support after breakout. The previous two candles have long wicks down that immediately show rejection and return above 0.00456. Context is also important and should be considered, especially since cryptocurrencies show the highest correlation of any market. In the lower right graph we see Bitcoin in the daily time frame, which is currently breaking out from it's all time high of $57,500. As explained with red lines, a continuation after a daily close happens above is pretty likely. Keep in mind that the only reason you want to buy an Altocin instead on Bitcoin in this case, is if you expect it to go higher percentage wise. Assuming that BTC continues to rise after this breakout, altcoins will rise in a similar way, unless they have a particular setup as is this case.
In the upper right graph we see Binance Coin against the US dollar, which is currently in an area with a confluence of two types of support:
1. Horizontal Support at $255 derived from the highest daily close of the first of March.
2. Trendline support from extending the broken triangle formation.
With this in mind and considering the three relevant graphs, I believe that Binance Coin will rise against Bitcoin in a way similar to the last Leg Up of more than 200%. Not only that, but I also believe that Bitcoin wil rise as well, compounding the efect of your gains against the US Dollar. I believe that it will also happen in a more predictable way, allowing traders to use much larger positions without risking a larger amount by having a stop so defined and so close to the entry.
🟠 ENTRY (0.00457)
For this swing trade it does not matter much if we place the entry right in the highest weekly close of 2019. Price is currently just where we want it to be, so in my case I will enter with a market order at the current 0.00457 price.
🟠 STOP LOSS ( 0.003975)
As explained on my previous idea, the distance between your entry and your stop loss is what should define your position size, not random numbers or a percentage of your account balance. However, you shouldnt try to place your stop randomly close to your entry either, but at a place where you feel like the price reaching it invalidates the whole setup. In this case I will use 0.003975 as a stop loss, because I think it is far enough apart to withstand a flash crash if it happens, but not so far that it affects my position size too much. Aditionally, any weekly close below the level of support, would also be an early sign for exiting the trade, even if the stop loss hasnt been reached.
🟠 TAKE PROFIT
Defining take profits in an all time high is one of the most challenging things in formulating this type of setup, mainly because there are no areas of horizontal resistance that you can plot forward. That is why in my opinion, as long as you know that your probable take profit is at a reasonable distance that meets your R:R tolerance, you can eventually decide based on analyzing market conditions as a whole.
Knowing your take profit isnt necessary to calculate position size, which is also why I think it is less important than the price of entry or your stop loss definition.
🟠POSITION SIZE
Looking back to that EOS / USD trade, you can see that Position Size is calculated by dividing the risk ammount (What you are willing to loose if this doesn't work) by the distance in percentage from the entry to stop loss.
In this case I buy at 0.00457 and my stop loss is 0.003975, which is -13.3% below. Let's do an example with $100 risk ammount.
POSITION SIZE = (RISK AMMOUNT) / (DISTANCE TO STOP LOSS)
POSITION SIZE = ($100) / (0.133) = $751
This means that with a -13.3% distance to stop loss and a risk ammount of $100, my position size will end up being $751.00. If the ammount you get is bigger than the value of your portafolio, use leverage. :)
Thank you very much for your time and for sharing. I'll continue to update this idea as it develops, so feel free to follow me to get notifications on any news.
Feel free to post your comments or questions in the comment section. All positive feedback is well recieved.
BNBBTC - Long - Potential 11.34%BNBBTC - Long - Potential 11.34%
Exchanges: Binance
Signal Type: Regular (Long)
Entry Targets:
1) 0.0049296
Take-Profit Targets:
1) 0.0051131
2) 0.0054875
Stop Targets:
1) 0.0045202
Trailing Configuration:
Entry: Percentage (1.0%)
Take-Profit: Percentage (1.0%)
Stop: Breakeven -
Trigger: Target (1)
Is Binanance going to have support here?Binance is in a great run but is it going to hold this support white trenline?
Binance Coin (BNB) & The Binance EcosystemHello everyone, in this idea I'm going to go over a brief explanation of the Binance Coin token (BNB), and explain why I think this has the potential to increase in value.
What is Binance?
Binance is the worlds largest cryptocurrency exchange. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.
1. What is Binance Coin (BNB)?
Binance Coin is the crypto-coin issued by Binance exchange, and trades with the BNB symbol. Binance coin runs on the Ethereum blockchain with ERC 20 standard, and has a strict limit of maximum 200 million BNB tokens.
2. How Is Binance Coin’s Supply Controlled?
Binance held an ICO for BNB (basically the same as a IPO), originally selling 100,000,000 coins to those that wanted to participate. The founding team was allocated 80,000,000 coins and the other 20,000,000 went to initial investors.
3. How Is Binance Coin Distributed?
Each quarter the Binance exchange uses 20% of its profits to buy back BNB. Think of this like a share buy back that a traditional company would engage in. Binance will then destroy these coins (this is called a coin burn), in turn reducing the supply until 100,000,000 BNB remains outstanding. All in all, half of the originally issued coins will be destroyed.
4. Why is this positive for BNB ?
The rules of Supply & Demand tell us that when the demand of an asset outweighs the currently supply, we often see a increase in prices.
In BNB's case, first of all the tokens supply will be lowered over time with the BNB Coin burn described above: almost by half. Cryptocurrencies and Crypto Trading continues to increase in popularity and with Binance positioning itself as the #1 Crypto Exchange Worldwide one can only expect the demand to use BNB Token will increase, because BNB is used to power the Exchange Ecosystem, with features such as fees discount & digitized loaning & staking the growing user base will want to use more & more BNB token to lock in their fee discounts and receive potential rewards.
What does the chart show us ?
I can see two quite obvious formations on the chart which are giving us hints of the potential paths of movement here.
1. Head & Shoulders Pattern
In the Head & Shoulders Pattern price forms 3 distinct peaks after a strong uptrend, the left and right peak should have a similar height (shoulders), the middle peak (head) has to be the highest or this can not be a HS pattern . They should seem triangular in appearance but as long as it fits the main characteristics can still be a valid pattern.
You can click the above image for a further explanation of this pattern.
2. What is General Pattern Failure?
General Pattern Failure occurs when a chart pattern breaks out, fails to hit target, quickly reverses then rejects off that same breakout level back inside the pattern continuing in the opposite direction of the breakout. General pattern failure can also be considered a Liquidity Grab or can be referred to as a “Fake Out” also when it happens more rapidly after the original pattern breakout.
Pictured in the above image, you can clearly see how the price after heading downwards from the Head & Shoulders Pattern, came back inside of the pattern, "failing" it and then proceeding to head upwards from there.
So eventually, if the BNB token were to come back inside this Head & Shoulders Pattern support area, we have the potential for the initial downwards breakout to get rejected and fail. The parallel channel may be giving us a sign that the price is going to head in that direction now.
Learning to trade patterns such as these can provide great opportunities if you understand price action and how to identify the key areas inside the patterns that other traders and investors may be focusing on too, these areas become important psychological levels on the chart & price tends to have strong reactions from these areas.
If you enjoyed the insights you can show your support by commenting & liking - below i have linked 3 other ideas explaining the Head & Shoulders & Inversed version of the pattern for further education.
BNB Not SAFU - Short Setup I will be looking for one of the short setups you see in the chart to potentially play out over the following day offering great returns with minimum risk .
I am hoping to see a swing failure pattern of the previous swing high targeting crowded stops and then a move to the downside .
You can decide if you want to pre set orders or wait for confirmation , I personally will have alerts set and will wait for them to go off.
Whatever you decide lose the minimum and gain the maximum , set a sl and manage your Risk .
Like and follow for more setups ...Thanks for stopping by
Binance coin formed Gartley | Upto 19% profit expectedHi patrons, hope you are well and welcome to the new update on Binance coin with Bitcoin pair.
On the daily time frame chart, the price action of BNB has formed a bull flag and within this bull flag , it has completed the final leg of the bullish Garltey and entered the potential reversal zone.
