Awesome coin that we saw rise 48% in the span of 12 days however I'm expecting it to retrace alot further compared to other ALTS. Continue to short BNB BTC until it reaches it's base of 8596 stats or until another good buy opportunity appears in late April.
BNB USDT would be an altnerative however there are better USDT pairings coins that would yield better results. BTC will have a stronger 2nd quarter compared to BTC.
This analysis is for educational purposes only and not financial advice.
I was wondering if this analysis includes the bnb coin burn which hasn't been announced to have occurred yet (as far as I know) but is meant to be done by around April 15? :)
UnknownUnicorn2706281
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@djeady, Good point. Did some digging. Just read this article about the last few BNB coin burns. It talks about BTCUSD. cryptorecorder.com/2018/02/18/the-upcoming-march-burn-will-push-binance-coin-bnb-to-50/ The TA is for BNB/BTC so the real question is whether the burn will help BNB out perform BTC for USD comparatives. As for the BNB/BTC comparative, the January 15th burn didn't the help BNBBTC chart. The Oct burn looks like it was priced in before two weeks before Oct. Could be the case that the upcoming April 15th burn is already priced in the gains from the past two weeks. Really appreciate the comment. Thanks.
djeady
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@narwhal_crypto, no worries, glad to contribute, thanks for your post! :)