I see a potential long trade for BNB again. On the left we see an H&S in the making, indicating more downwards movement. Price broke the neckline today and jumped back in again. This might be a big signal that this H&S might fail and that we see a contrair movement. And the bullish wedge we can see on the left, gives the failure of the H&S a bigger chance.
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Still moving within the wedge, it broke out but got pushed back in again. It's not a bad sign but it's nothing good as well :) So actually nothing has changed yet. Think we should see a breakout withing the next 24H.
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Support broke, seems the H&S has been activated. Trade went wrong, if BNB could be shorted i would probably do it, but it's not possible. The trade was risky because of the H&S, but still i am a bit surprised the support broke. Assuming the target of the H&S will get reached, it would suggest like something is wrong with the BNB exchange?
what about a correlation between btc and bnb? for me a trade is too dangerous at the moment..
kiero
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@botje11 Do you know guys where one can short bnb and maincoins to USD or USDT?
botje11
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@kiero, dont think thats possible, otherwise i would like to know as well :)
alireza88
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i don't think i understood ur question as well @kiero BNB is not available for trading outside Binance. you can short to USDT and TUSD at Binance exchange.
kiero
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@alireza88, I think Bibance doesn't let you short, does it?
botje11
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@kiero, No, if their smart they won't give you that oppurtunity, would put their pyramid in danger :)
kiero
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@botje11, Interesting. Do you think their coin or the whole exchange is a pyramid?
botje11
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@kiero, The exchange is the exchange, that earns big bucks with the fees. So as far as i know, it has nothing to do with the coin in that sense. But the coin is a pyramid IMO
UnknownUnicorn1541497
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@alireza88, No you cant short at Binance in any form right now