They're still quite inverse of each other, even after both were relatively flat for awhile, volatility returned, along with it the inverse relationship of the two, so from how things still look to this day, BNB is still a good hedge to btc imho.
The green line is BNBBTC
The red line is BTCUSD
RSI+ROC have not been this low since early 2015/late 2014
Forming reversal candles on the weekly chart
SRSI and RSI+ROC are starting to curl up
Horizontals marked are the S/R levels to watch for possible rejections and bounces
Prices of each level are on the right side of the chart
We have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday.
The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20.
I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise...
I am looking at $100 to $104 to re-buy at lower levels.
Disney has been consolidating forever, maybe years whether it's ready for moon, or not, has yet to be determined. Either way, we should make a large move soon though, of which I plan ON capitalizing on it.
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Steem has come down to the bottom of the long term symmetrical triangle. This is a good area to watch for a bounce so for now I have taken no trade yet. I will udpate once we get a bounce and trade is active. Aggressive traders could enter here with a 15% stop loss, though I will personally wait for signs of a bounce off of this trendline. Steem also has some...
is what it is.
measured move is to 295-310 which happens to be a major confluence zone for TSLA.
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The bullish scenario currently would be that we broke out of the large falling wedge we were in, and are now hooking back to re-test support before breaking out further. I would honestly be shocked if this happened but nonetheless it is a possibility still.
The blue dotted line is the point of control, at $2,550, the level where the largest amount of volume was...
I went ahead and showed all the divergences on amazon over the past 8 months or so, they've all had effect from minimal to large effect, we have bearish divergence currently, so amzn will probably pull back to the bottom of the wedge at least.
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Bitcoin has loved these megaphone patterns lately.
Currently breaking down from the larger megaphone pattern, after some hidden bearish divergence played out and a lot of leveraged longs were liquidated, most likely. BTC is hitting the .886 fib level and getting a temporary bounce, though I'm still bearish on BTC, thinking 6k will not hold and we'll drop do 5k.
Right above confluence zone of previous support
I would not be surprised to see a lot of stop losses line up right under 0.000255, and a some whales use them as liquidity before nuls can break up higher, therefore I'll wait for more confirmation before entering a position on nuls.
From this chart, you can clearly tell that BNB and BTC have been inverse of each other so far.
In Section 1, Bitcoin started to pull back after making a high of around $20,000 or so. This was the beginning of the Bitcoin bear market. At the same time, BNB started it's massive bull market.
In Section 2, Bitcoin dragged the entire cryptocurrency market down with...
BAT back at the bottom of the ascending triangle, also exactly on the 786 fib retracement and showing bullish divergence so let's wait and see if it bounces then I would enter. This is a Coinbase coin, so take that into consideration, it's a bullish indicator.