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Eliotwave

Is it better to buy Binance than Bitcoin (or Ethereum)!?!We wrote about Binance going bullish vs USD nearly 2 weeks ago (check Related Ideas). Is it going bullish vs BTC also? Binance is well known as being one of the largest if not the largest crypto exchange in the World. Binance coin is one of the coins with clear utility use. You can even use it to pay your trading fees on Binance. Probably now it makes sense to us why Binance Coin made astronomical growth after being introduced. However, it had to go thru some bad times also. As the whole crypto market did. On the other hand, it recovered with more than 600% growth at the start of this year (more in % than BTC) after we came out of the bear market (which I'm 90% we already did some time ago!). At that time it was more profitable to hold Binance Coin than Bitcoin. Is it the same today after both coins reached local hype peak!? Let's check the pros and cons! PROS: - we just reached 0.5 Fibbonaci level (50% is bullish support and worked as a great resistance at two points before - check iv and 2) - we have a similar pattern when we broke below the previous level but stopped at the peak that was made just before the top (check !) - MA500 is usually really strong support and served as a great resistance from where we had a bounce CONS: - we had MA100 crossing down MA200 and it took us first to consolidation and then local dip - we had the opposite of "golden cross" where MA50 crossed down MA200 and it wasn't nice Seems like price wise it's not that bad to start buying BNB today for ROI. However, for a trader, it might be smarter to wait for either higher low so you have confirmation that trend has changed or to play bounces from key levels and turn them into midterm holding if they prove to be just fine. RIT is much better in that case! Either we will have wave 4 bottom and start of the run similar to wave 2 finishing or we would have consolidation, this is still strong coin to hodl. Crypto market is in a bull trend and Binance is the leading exchange - a solution that already works in practice. What else needs to be said!? This is just an idea. It's not investment advice.
by Samoto
4
Triple Combo WXYXZ.The market quickly penetrated the support line overnight and then reversed. It may be too early to say, but it is a concrete sign of reversal. The daily candle will probably close in "Evening Star"... to follow! We can also notice a head and shoulder pattern on a 15-minute chart Le marché à rapidement pénétré la ligne de support cette nuit pour ensuite se renverser. Il est peut être trop tôt pour se prononcer mais c'est un signe concret de changement de tendance. La bougie daily va surement fermer en "Etoile du soir" .. à suivre ! Nous pouvons aussi remarquer une figure tête épaule sur une chart de 15 min
BITFINEX:BTCUSDShort
by coyotcrypto
Gold up We just finished the primary w.4 with triangle correction, as we all know that triangle usually the move before the last move so now is the time for the last move w.5, we can see that gold just broke the triangle in which confirm the start of w.5 of primary degree. We can see that w.1 of the lesser degree is finish and we are now in the correction w.2 of a lesser degree. The ideal retracement would be around 61.8% of w.1 in which we are very close to that already. We also might also see w.2 retrace back to around 78.6% but the count is still valid as Long as w.2 is not exceeding the beginning of w.1. This is the perfect trade with really good ratio with tight stop loss and high profit!.
FX:XAUUSDLong
by montioga
1
Daily FB forecast timing analysis by Supply-Demand strengthStock investing strategies View a Chart with Supply-Demand(S&D) strength forecast: www.pretiming.com Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk S&D strength Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations Today's S&D strength Flow: Supply-Demand strength has changed from a strong buying flow to a suddenly strengthening selling flow. D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 0.3% (HIGH) ~ -1.3% (LOW), -0.5% (CLOSE) %AVG in case of rising: 2.3% (HIGH) ~ -0.2% (LOW), 1.8% (CLOSE) %AVG in case of falling: 0.8% (HIGH) ~ -1.4% (LOW), -0.6% (CLOSE) Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
FShort
by pretiming