BNB Exhibited a ton of strength in 2018 returning 147.60% vs. BTC
With Binance Chain on the horizon, it's time to take a closer look.
We know CZ delivers on customer experience, token mechanism design, and liquidity. Given the available information, it is logical to expect Binance to continue that tradition when they introduce their non custodial, blockchain based exchange, Binance Chain, in the near future. That still leaves us with a ton of un-answered questions regarding BNB, consensus & governance. Let's lay out the potential outcomes.
Base Case- Binance executes on a leading decentralized exchange in crypto.
Must Haves:
Speed
Security
Seemless integration with established cryptonetworks
Bull Case- Binance "Amazon's" the entire crypto space
Golden Geese:
Proof of Stake/Profit Staking- Binance Distributes a % of Profits to stakers of BNB
Token Holder voting
An ecosystem of on chain companies & p2p networks using a "BNB-20" like standard
Margin Trading
The base case ends up with binance having the most active centralized, decentralized, and margin exchange marketplace in the world.This is a huge value add for token holders and the entire crypto ecosystem.
In the bull case, Binance "Amazon's" crypto by distributing its cash flow to BNB token holders (passive income) and cultivating a massive ecosystem of apps/companies (active income opportunity).
Oh yea, and there is also an uncanny ascending triangle on the daily which is confirmed on a daily close above .0016900 sats and invalidated on a close below .0015700 sats.
Crypto currency trading is extremely risky. None of the above is legal or investment advice, just the musings of a curious speculator. I welcome your thoughts and criticism.
Disclosure: I own BNB.
With Binance Chain on the horizon, it's time to take a closer look.
We know CZ delivers on customer experience, token mechanism design, and liquidity. Given the available information, it is logical to expect Binance to continue that tradition when they introduce their non custodial, blockchain based exchange, Binance Chain, in the near future. That still leaves us with a ton of un-answered questions regarding BNB, consensus & governance. Let's lay out the potential outcomes.
Base Case- Binance executes on a leading decentralized exchange in crypto.
Must Haves:
Speed
Security
Seemless integration with established cryptonetworks
Bull Case- Binance "Amazon's" the entire crypto space
Golden Geese:
Proof of Stake/Profit Staking- Binance Distributes a % of Profits to stakers of BNB
Token Holder voting
An ecosystem of on chain companies & p2p networks using a "BNB-20" like standard
Margin Trading
The base case ends up with binance having the most active centralized, decentralized, and margin exchange marketplace in the world.This is a huge value add for token holders and the entire crypto ecosystem.
In the bull case, Binance "Amazon's" crypto by distributing its cash flow to BNB token holders (passive income) and cultivating a massive ecosystem of apps/companies (active income opportunity).
Oh yea, and there is also an uncanny ascending triangle on the daily which is confirmed on a daily close above .0016900 sats and invalidated on a close below .0015700 sats.
Crypto currency trading is extremely risky. None of the above is legal or investment advice, just the musings of a curious speculator. I welcome your thoughts and criticism.
Disclosure: I own BNB.
Comment:
Precision is important. The ascending triangle breakout confirms above .0016945. .0017 to be safe
Trade active:
Cloise above .0016945. Trade Active
Trade active:
**Closed above .0016945. Trade active.
Trade closed: target reached:
Target at 20k sats reached. Stopped out at 19.5k sats, 18.8k sats, and the last bit at 18.25k sats.
I am bullish long term. Neutral in the intermediate, but will wait to open a new position when another set up arises. Thanks for the views and likes.
I am bullish long term. Neutral in the intermediate, but will wait to open a new position when another set up arises. Thanks for the views and likes.
Trade active:
Reopened this beast on the break back above 20k sats
Added to position 22k, 24k, 26k, 30k.
Added to position 22k, 24k, 26k, 30k.
Comment:
Trade Stops out on 10 day lows, two consecutive closes below the 21 ema, or 2x atr at .00351. Will consider cutting 10% of position on 4 hr close below .0037550
Trade closed: target reached:
Taking some off in light of potential usd double top, almost 300% return, tether situation, and this monthly candle.
