Before we get started, I'd like you to know I have a telegram channel where I share my trade signals and educational content (all for free by the way). Join here!
Let's now get started.
BTC
BTC may be ready to start moving up. Over in my telegram, we already entered a short at 11800 (you can join with the link above), and we have started covering the short because Bitcoin has started entering demand.(green)
I shared the trade idea here in this blog, where I said it would be a great trade to short at the red zone. Now, the new trade idea would be to long within demand if the price starts showing signs of reversal.
That said however, the RSI shows that there may still be room for price to fall. So I wouldn't really bet on longing demand right now. Let's watch and see however.
BNB
BNB is suffering the effect of the BTC drop, and that is to be expected as BTC controls the market.
In the last analysis, I told you to buy at the 0.618 fib level (the arrow). Had you done that, you would have been up about 15% on 5x leverage.
However, BNB suffers from more than technical analysis. It's an exchange token with very little fundamental strength.
Even the rebrand to DeFi was unable to stop the slow bleed, and BNB continues to fall.
There's support at the EMA200, and there is every likelihood we fall to that spot. That would be a great long opportunity, and one I personally have orders for.
BAT
BAT gave us over 90% since the first analysis just about a week ago. This time, it is retracing, and we can use fibs to catch the perfect retrace.
The RSI looks ready for a move down to test support, and that is where we would be buying.
I have orders lined up in the green box, which is between the 0 and .382 levels. This is what I call the "Magic zone", and it has a 76% accuracy.
Buying within that zone is a good idea, and could yield massive results.
That's my analysis! Thanks for reading.
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Cryptocurrency Bitcoin (BTC) Price Analysis Basic Attention Token Binance Coin (BNB)
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