BINANCE COIN (BNBUSDT/BNBBTC) Daily Trade Setups 2021/02/19
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BNB has been rallying very strongly recently, driven in large part due to the success of Binance Smart Chain and the defi ecosystem that is being built on it. It is very possible that price continues to rally from here, but should we have a correction, the levels marked out are potentially great entries to go long. I will also continue to monitor the market structure to see if we can get an entry closer to current prices.
Trade Setups
Below are the potential trade setups that I would be interested in trading:
BNBUSDT
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $145 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, Above average volume, MACD bottoming
BNBBTC
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ 300K Sats by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
About Me
Why Follow Me
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins!
BNB has been rallying very strongly recently, driven in large part due to the success of Binance Smart Chain and the defi ecosystem that is being built on it. It is very possible that price continues to rally from here, but should we have a correction, the levels marked out are potentially great entries to go long. I will also continue to monitor the market structure to see if we can get an entry closer to current prices.
Trade Setups
Below are the potential trade setups that I would be interested in trading:
BNBUSDT
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $145 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, Above average volume, MACD bottoming
BNBBTC
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ 300K Sats by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
About Me
- I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
- I have worked on Wall Street trading bonds, stocks, and options.
- I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
- Daily analysis on the latest market movements and price zones for high probability trade setups.
- Sharing of live trades that I take.
- A great place to help each other, learn from each other, and grow together.
- Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
- Constantly testing and adding new trading strategies and refining battle-tested ones.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
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Youtube Video Analysis: youtube.com/channel/UCPwR8Rv2YVI7qZIhedX7pQw
Youtube Video Analysis: youtube.com/channel/UCPwR8Rv2YVI7qZIhedX7pQw
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