Price analysis: BTC, BAT, BNB, ETH

Price analysis: BTC, BAT, BNB, ETH

By MadMaxx | Trader's paradise | 20 Sep 2020


Before we get started, I have a host of offers for you that I'm sure you'd love.

1. YFI has been forked, again! But this time, you can get the fork completely free. Just input your ETH address into the text field in this link, and you're done!

2. Join my telegram if you want daily market updates, technical analysis and occasional signals(for the free channel.) Join here.

That's it! Either of those two activities are guaranteed to make you money, so step on it!

Now let's get into the analysis.

BTC

Yesterday, I shared a long setup with you. I'm glad to report that the long setup reached its target, printing 20% profits for my Telegram group and (hopefully) you!

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Now I have decided to stop sharing setups here as it basically takes away from the service I offer. So no more setups.

However, here is a detailed analysis.

BTC's price likes to stall during the weekend. False moves to both the up and downside which are usually corrected in time are made while BTC moves during the week end.

However, Monday would show the true intentions of the Bitcoin whales, and that's what I'm currently waiting for.

So I don't intend on taking any setups tomorrow.

 

ETH

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ETH looks even worse than BTC.There was a lackluster move into resistance, followed by an equally lackluster rejection at resistance. These two weren't shorting opportunities, so I held my peace.

However, ETH is currently in a range, with no clear HLs or HHs. I usually refrain from taking trades in ranges, except price moves to one of the portions of the range.

That said, ETH might very well break the resistance above, and with the decreasing selling volume and falling wedge on the RSI, it seems more likely.

However, ETH's moves are also subject to BTC's moves. So I'd wait for that to play out first.

 

BAT

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After following my squiggly prediction almost perfectly, BAT is in a no trade zone for me once again. I don't plan on trading any altcoins (except for a few active short positions in the telegram) because of the BTC dominance which is currently bouncing from support.

However, this might be a good place to scoop up some BAT for the long term if you're into it.

I promised to make an article on the replacements of BAT, and I will make that happen tomorrow. Stay tuned, and hit the follow button.

 

BNB

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BNB is in a tight spot currently. After a huge volume spike up due to people buying it to stake it to get BEL and WING, it has since retraced the entire move up with a terrible sell off. 

Luckily, we were able to short BNB in the group and covered with good profits. 

However, BNB is also currently in a no trade zone for me. Price hasn't made any moved to either side yet, so I'm starting out and not touching it for now.

 

That's my analysis guys! Thanks for reading.

If you enjoyed it, please leave a tip and like on the post. Also follow me for more undiluted technical analysis articles.

Till next time!

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


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