BNB Going UpThis symmetrical triangle breakout is a much needed move up....let's hope the previous daily trend corrects itself and continues. Either way this is at least a good day trade in my opinion.
BNBUSDC trade ideas
Head For The HillsBNB is gaining strength as the great Satoshi Bears move in to weather the price retreat on the BTC horizon. Won't you join us as we cross the mountain of increase once again and head back to the comforts of the caverns of great gain; I'm sure you will like it there.
Don't miss expedition to the Moon - Buy BNBDon't miss expedition to the Moon. Don't miss expedition to the Moon - Buy Binance coin.
You Say It's Hard To Make Money In CryptoLet me ask you a few questions? Can you point to another crypto (or stock for that matter) doing this well? Another Question; given the relatively short amount of time the candles on the left represent (weeks) do the ups and downs of the candles on the right (days) really amount to anything other than white noise as far as investing goes? So unless you are speaking of trading, which can be hard in any financial sector; all I can say is GET SOME ALREADY!
This is not financial advice (ROTFL)
A hedge against BTC capitulationThis upward trend and these moving averages are looking like some great things are happening as we see BTC and it followers retracing; could it be that holding BNB is the new ctypto-currency hedge-fund strategy :)
Still "Probably" A Good Idea To Short This OneWatch this candle at closing. You know how to read charts, and you see multiple reasons for caution just like I do (oversold, possible double top , falling volume )....be careful out there; that's a lot of profit to give back! It's better to miss out on a few more bucks than to lose a whole lotta bucks (go ahead, put that Fibonacci retracement tool on it and see). Conquer that emotion, greed is your enemy! If it cools off some you can always jump back in; the market isn't going anywhere.
Possible Trend ReversalThe Stoch RSI is starting to show a bearish divergence, and there is a double top, and there has been an extremely long uptrend (105% 0n the month, 50% on the week, and 12% on the day) so this is a crucial time to watch and consider moving into a stable coin if need be. But, on the other hand, one oscillator alone showing divergence is usually a false sign, so watch the other two; I could be wrong....but nothing goes up forever!
The ONLY way to HODLWhen your not currently in a trade, why wouldn't you leave your crypto in BNB. When everything else went down (average was -80%) in 2018, BNB was up 11%. And look at this recent daily chart....WOW 3X in 2 1/2 months! So do yourself a favor and let your coins rest easy in BNB and we can get it even higher! And please no lectures about the virtues of BTC; your not Satoshi and I'm just a trader trying to make a buck like you (if you say your not I don't believe you anyway). Good luck trading!
Only 1 place to HODL cryptoWhen your not currently in a trade, leave it BNB!!! When almost everything else went down 80% in 2018, BNB was up 11%, and look at this recent weekly chart...WOW...so do yourself a favor and let your coins rest easy in BNB and we can get it even higher, and besides there are no taxable transactions if your not trading in USD, and Binance will give you a discount for trading in BNB. Can you think of a Better way?
