BNB/BTC - 4h - Analysis published on 03/02/2021

Moon to Earth … it’s Cosmo 😃 and as promised I’ll continue with my Coin/ Token to BTC analysis today to determine which of the Coins/ Tokens are currently over- and which are underperforming compared to BITCOIN. So, let's get started: I have a Binance Coin/Bitcoin (4 hours time frame) analysis for you this afternoon.

Summary of the Analysis for BNB/BTC - 4h timeframe
Trends: Short Term – Bullish & Long Term – Strongly Bullish

Crypto Screener™ (by TradingView) Rating: BUY

Technical Indicators (by TradingView & intotheblock): STRONG BUY
- Summary: 1 Bearish; 9 Neutral & 16 Bullish
- Oscillators: 1 Bearish; 8 Neutral & 2 Bullish
- Moving Averages: 0 Bearish; 1 Neutral & 14 Bullish

Fundamentals: BUY
- Circulating/ Max Supply = 91% --> BUY
- 821 out of 1,000 Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto)
- B+ SIMETRY™ Rating (by Crypto Briefing)
- BBB Rating with stable outlook by TokenInsight
- 99.6% out of 100% Asset Score™ by TokenInsight
- 86.83 Dynamic Performance Score™ by TokenInsight

AI (Artificial Intelligence) by CENTRALCHARTS: BUY

Multi Timeframe Analysis:
- 1h (1 hour frame): neutral
- 4h (4 hours frame): very positive
- D (1 day frame): very positive
- 7d (last 7 days): neutral

BNB/USD (purple) curve constantly above BTC/USD (yellow) curve!

My Opinion: BUY - Bullish over BTC 0.0045249

My targets: 0.0054967 (+8.4%) & 0.0065300 +28.7% (from current price level)

Binance Coin is on a long-term bullish trend against Bitcoin (15° upwards) which means BNB constantly outperforms BTC as Binance – as the biggest Crypto exchange on the planet – is really booming. This trend seems to be sustainable because trading will continue no matter whether the general market will be doing (rising or falling) especially because Binance offers lots of options for SHORT (Magin, Futures & Options Trading) positions nowadays as well.
Hence, traders may only consider long (buy) positions if the price stays well above BTC 0.0045249 (Stop Loss Level = 1st light red line below current price; -10.8% from current price level). Next resistance levels are indicated as light green lines in the chart. A bullish breakout above a resistance line would increase bullish momentum.
Signal Force (0-10): 5 = medium force

We are currently trading slightly below Session VWAP (Session just started @ 05:00 PM UTC+1). Before the previous Session ended, we observed a sharp decline. Should we break significantly upwards now, this would be a strong BUY signal.

Please note that as a Hedge Fund Manager I would NEVER go outright long = only buy ... I always have potentially underperforming coins or tokens short against the longs!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Like and follow as there are more analysis to come which will focus on over- and underperforming (compared to BTC) coins and tokens again. Please also look at my current AVAX/BTC Analysis --> AVALANCHE SHORT and my ongoing BTC/USDT (general market) analysis --> Bitcoin LONG.

Because of strong demand of my followers, I will issue this analysis in a BNB/USDT-Version in a minute as well. I know you guys have a bigger focus on the Coin to USD relations. For the fund I’m actually also trading BNB/USDT because that’s the deepest market … but for the over-/underperformer analysis it makes more sense to use the BNB/BTC relation.

We now have 2 LONG and 1 SHORT in Moonraker Crypto Hedge Fund. Please note that you always have to rebalance after inception of a new position. In this case we also increase the AVAX SHORT to stay balanced.
This is ESSENTIAL 😇 because as a Hedge Fund we want to have a balanced position with all underperforming Coins/ Tokens SHORT and all overperforming Coins/ Tokens LONG to be able to make money 🍀💵 in all market situations and independent from the price action and level ... and that’s exactly what the big guys do 🤑: They always organize their Portfolios as a Hedge!

Happy trading everyone … to be continued.

Published on 03/02/2021, 5:30 PM (UTC+1)

Comment:

--> Target: BTC 0.0054967 (+8.4%) reached