BNB Project 2019, P01, E01 - In a channel

15 Jun 2019

1st BNB analysis

As per the 4 HRLY and Daily Chart, the following observations.

Conclusion:
Go long on BNB, based on BTC pairing results
Buy at the dips within the BTC pairing chart.

DAILY Chart:
The rise of BNB has been impressive.
It seems to be in a large ascending triangle (channel) and within this, in the upper part.

BNB\BTC Pairing Chart:
> Given that BTC is on a uptrend, ALTs will do less against BTC as per BNBBTC pairing chart;
> The EMA ribbon indicates we have a strong resistance to pass which equates also to BTC dDominance increasing (forecasted);
> Blue region is the target after the break out;


4 HRLY Chart:
> Note the RSI levels and direction for the short term;
> After a significant increase, BNB has dropped back into the bull channel where it will accumulate before increase in price;


BTC Dominance results + forecast chart:

15 Jun 2019

Trade aktif

BNB facing strong resistance.

15 Jun 2019

Catatan

BNB\BTC pairing > if your going long, the green zone is the optimum area to buy. Currently getting rejected by the red zone. In my opinion, if your going long, its a good time to buy. If your going short, allow the 4 hrly candle to close above the resistance.

15 Jun 2019

Catatan

15 Jun 2019

Catatan

For the short term, BNB bearish
BNBUSDT

BNBBTC Pairing

16 Jun 2019

Trading ditutup secara manual

If only I had thought of it before, I would have gained so much.
My theory for why BNB did not recover well is due to BINANCE removing USA clients.
These clients have a big section on BINANCE transactions and it makes sense that they would sell off BNB for BTC as a means of moving their $$ as there is little option otherwise.

20 Jun 2019

Trade aktif

You blink and you miss it.

20 Jun 2019

Catatan

before