🔥75% OF CRYPTO MARKET MIGHT BE UNDER BINANCE CONTROL❗ BUY MORE❓
🔥Hi friends! The monopoly of Binance will start, if FTX finnaly scamed. FTX was the top-2 exchange, right after the Binance. So now I recommend you to pay the attention to the strongest BINANCE projects or project based on BNB chain, because they can bring you the HUGE income in 1-2 year.
✅ The list of it I will add at the end.
🚩 RIGHT NOW: Binance have released the amount of crypto on their wallets. CZ yesterday named it Proof of Assets. Also, now you can find this information on the Binance website.
📊 TECHNICAL ANALYSIS
Now the BNB return to the HUGE accumulation area of $268-304, where the most coins were bought by the big players (whales). Now we see that price possibly make the false breakout of the lower boundary and this is strong bullish signal, if BNB close inside the area.
📊 The trading plan to open a long:
🔥 bnb still in the value area of $260-304
🔥 possible false breakout of the local low which take the sl of traders and the whales will buy even more coins
🔥 volume growth on sl collections
🔥squeeze to the local trndline after the breakout
🚩 Also, remember about DOM and Footprin which is my most important trading tools for scalping. They shows me the best place to buy and to sell crypto with the whales. So you can increase your winrate by +25-30% using just this scalping tools.
✅ The targets for BNB:
1. $300 - the top boundary of the value area
2. $335 - the local highs
3. $400 - the local highs after the pump
📊 Why the short trade is still possible? The main reason for the dump is BTC. So if it will fall to $12-14k, all the altcoin make -30-40% more.
🚩 The main precondition for the short trade is the fall below the value area of $260-304 and test it as the resistance. You can set sl above the local high and ope nice trade with 20-30RR. The main target is the closests support at $235-243 value area.
All of these plans I leave on chart, so you can use it at any moment!
✅ Now BNB skyrocketing on FTX. The price already reach it's ATH at $670. I think this is because of rumors that Binance will return the money to the owners of BNB on other exchanges (if this funds will be lost ). This is the possible reason why BNB start to PUMP.
📊 WHY THE POSSIBLE BINANCE MONOPOLY ISN'T GOOD FOR ENTIRE CRYPTO MARKET?🚩
If BINANCE get the monopoly at the market, the problem of BINANCE will be the problems of the entire crypto market. If Binance will got in trouble (hacked, robbed, DDOS-attacked, etc.), this will immediately affect the price of Bitcoin, and since 99% of altcoins follow it, altcoins will fall even more.
🚀The list of coins related to Binance:
🔥 BNB
🔥 TWT
🔥 CAKE
🔥 LINK
🔥 1inch
🔥 XVS
✅ Actually, the relation to Binance is the main reason why these coins just return to the accumulation areas, despite the other alts make -35-40% and go to the hell.
🚩 Traders, is this idea usefull for you? What do you think happen to Binance in the future? What coins do you recommend to buy at the bottom og the market?
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade!
✅ The list of it I will add at the end.
🚩 RIGHT NOW: Binance have released the amount of crypto on their wallets. CZ yesterday named it Proof of Assets. Also, now you can find this information on the Binance website.
📊 TECHNICAL ANALYSIS
Now the BNB return to the HUGE accumulation area of $268-304, where the most coins were bought by the big players (whales). Now we see that price possibly make the false breakout of the lower boundary and this is strong bullish signal, if BNB close inside the area.
📊 The trading plan to open a long:
🔥 bnb still in the value area of $260-304
🔥 possible false breakout of the local low which take the sl of traders and the whales will buy even more coins
🔥 volume growth on sl collections
🔥squeeze to the local trndline after the breakout
🚩 Also, remember about DOM and Footprin which is my most important trading tools for scalping. They shows me the best place to buy and to sell crypto with the whales. So you can increase your winrate by +25-30% using just this scalping tools.
✅ The targets for BNB:
1. $300 - the top boundary of the value area
2. $335 - the local highs
3. $400 - the local highs after the pump
📊 Why the short trade is still possible? The main reason for the dump is BTC. So if it will fall to $12-14k, all the altcoin make -30-40% more.
🚩 The main precondition for the short trade is the fall below the value area of $260-304 and test it as the resistance. You can set sl above the local high and ope nice trade with 20-30RR. The main target is the closests support at $235-243 value area.
All of these plans I leave on chart, so you can use it at any moment!
✅ Now BNB skyrocketing on FTX. The price already reach it's ATH at $670. I think this is because of rumors that Binance will return the money to the owners of BNB on other exchanges (if this funds will be lost ). This is the possible reason why BNB start to PUMP.
📊 WHY THE POSSIBLE BINANCE MONOPOLY ISN'T GOOD FOR ENTIRE CRYPTO MARKET?🚩
If BINANCE get the monopoly at the market, the problem of BINANCE will be the problems of the entire crypto market. If Binance will got in trouble (hacked, robbed, DDOS-attacked, etc.), this will immediately affect the price of Bitcoin, and since 99% of altcoins follow it, altcoins will fall even more.
🚀The list of coins related to Binance:
🔥 BNB
🔥 TWT
🔥 CAKE
🔥 LINK
🔥 1inch
🔥 XVS
✅ Actually, the relation to Binance is the main reason why these coins just return to the accumulation areas, despite the other alts make -35-40% and go to the hell.
🚩 Traders, is this idea usefull for you? What do you think happen to Binance in the future? What coins do you recommend to buy at the bottom og the market?
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade!
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