We looked at Binance Coin (BNBBTC) and always have a great feeling about this altcoin... It is sort of like Bitcoin in a way, whenever you see it growing, you know the market is also going to be doing good.
For the full analysis go here:
Now, more volume is starting to come in, we can notice the biggest volume bar since July 2019 while both, EMA300 and MA200 have been conquered (prices moved and closed above said levels).
With all this in place, Binance Coin (BNB) is ready to accelerate its growth!
don't you think its already late to start a long position on this?
it has already moved and it is very risky to get in i think
AlanSantana
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@ITRAM2, Depends on your targets, your plan and your goals.
AlanSantana
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@ITRAM2, But there is still plenty of room left available for growth.
Confucius-The-Great
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@alanmasters, Exactly. Long too all time high. That is what it seems we are heading at this time around. Even crypto krown had to admit it today looking at historical volatility on the weekly chart :D " we will first see a facemelting move around autumm" Meaning bear market. Historical volatility is really powerfull. Always right when it hit rock bottom and begins to expand to max and the other way around on the weekly graph =) ( the market will follow btc )
Confucius-The-Great
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@Confucius-The-Great, BTC growing for 6 months more with this silly speed would be a fast 30k hahaha. Bullish, Bullish is the key word.
Confucius-The-Great
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@Confucius-The-Great, The only thing I see stopping this bullrun before 20k btc would be the FED stop moneyprinting so the stock market goes into depression. And the world economy with it. Crypto and the stock market is strongly correlated on a monthly basis.
Confucius-The-Great
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Master! I totally agree. BNB is like a Bitcoin in it self. Also in the way that it drops far less than the market in bear markets, pumps stronger than the market, and can go against the market trend even the USD pair. ( I talk only about the usd pair here ). BNB has been outperforming in bull and bear since 2017. I bought BNB a few days it began to pump! =) Because I was thinking the same as you master.
Thanks for all your hard work! Day out and day in!
it has already moved and it is very risky to get in i think