Have you invested in an extremely rare opportunity of a lifetime?

Have you invested in an extremely rare opportunity of a lifetime?

The Next “Buzz Word” Altcoins
Last month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month.

Let me put this into perspective. In late 2017, I said that cryptoassets were the biggest institution revolution since the Industrial Revolution and that they represented the investment of a lifetime. Institutions, however, were not ready or capable of participating in that revolution so they “pooh-poohed” it. The SEC decided that most altcoins were securities which precipitated a huge bear market. By the end of 2018, cryptos had undergone an 85% decline and BTC hit a low price of $3,236.76 on Dec 15, 2018. But then look what happened.
BTC was up 92.71% in 2019
It was up 305.94% in 2020
And it’s up 75.42% in less than 50 days of 2021….

What did I say in 2018? There was actually a period from October through November last year when I made over $3 million in 7 weeks. Cryptos are the investment of a lifetime.

While BTC could go up another 10 fold in the long run, I doubt that it will go much over $100,000 this year…. But the opportunity of a lifetime is not over because now the altcoins are starting to move. Here are a few examples, and this is just the movement in 2021.

BNB 289%
ETH 144%
LINK 178%
SNX 215%
AAVE 397%
CND 145%

And remember those gains are just from the 48 days of 2021….

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Update on Cryptoassets
I think that there are a number of altcoins that could go up 10 times or more during the rest of 2021. Now we might have a decline of 40% or more during the year, but it probably will be short-lived with a very quick recovery…
BTC was up 92.7% in 2019, 305.94% in 2020, and in the first six weeks of 2021, it’s up 74.22%. Let’s contrast that with the other hedge against the USD and disaster, gold. Gold was up 20.94% in 2019, up 18.32% in 2020, and it’s down 5.1% so far in 2021. The path of safety is now BTC.

Gold has about 10 times more market cap than cryptos right now (even though cryptos are now over a trillion for the 1st time). If all of the money in gold went into BTC, BTC’s price would be about $370,000…

People talk about BTC being volatile and risky. But where can you find something that has made over 1,000% in 3 of the last 11 years, over 100% in 8 of them, and had only two losing years? There is only one other place than BTC with anywhere near equal performance – other cryptoassets.
If you had bought BTC at the beginning of 2012 (well, not at the very beginning), you would have turned $1,000 into more than $7.1 million (up $4.5M last month)…

Remember these are 30-day percent gains. This is probably the easiest market possible to make a lot of money. You could, however, just as easily enter a position and immediately have a 25% drawdown – which could cause you to exit and then miss out on some nice gains. If you don’t have strong beliefs about cryptos like I do, crypto volatility will test you…

This newsletter makes no recommendations about cryptos but is a free service… I personally own positions in most of the cryptos mentioned in this newsletter.

Author: Van K. Tharp, PhD

Note: This article was culled and abridged from a monthly cryptos update by Dr. Van Tharp. The full article can be accessed here.

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BINANCE (BNBUSD) Price: Would the Sellers Defend Resistance Level at $142?

BINANCE (BNBUSD) Price: Would the Sellers Defend Resistance Level at $142?

BNBUSD Price Analysis – February 12

In case the buyers were able to push the price above the resistance level of $142 and the daily candlestick close above the level, then, the price may incline further to test $169 and $178 resistance level. Inability to break up the resistance level of $142, the price may decline to the support levels at $117, $98 and $74.

GBP/JPY Market
Key levels:

Supply levels: $142, $169, $178

Demand levels: $117, $98, $74

BNBUSD Long-term trend: Bullish

BNBUSD is bullish on the long-term outlook. The coin broke out of the consolidation zone on February 05. The bulls acquired more momentum and pushed up the coin to reach a high of $74 on February 06. The resistance at $74 level prevented further increase in price and the price pulled back to retest the broken level. The Bulls further increase their pressure to penetrate the $98 and $117 levels, the bullish momentum has extends to $142 level.

BNBUSD daily chart, February 12

The 21 periods EMA is below the 9 periods EMA and the coin is trading above the two EMAs at a distance to the EMAs. The Buyers’ pressure is gradually increasing and further price increase is envisaged. The Relative Strength Index period 14 is above 80 levels with the signal lines pointing up to indicate a buy signal. In case the buyers were able to push the price above the resistance level of $142 and the daily candlestick close above the level, then, the price may incline further to test $169 and $178 resistance level. Inability to break up the resistance level of $142, the price may decline to the support levels at $117, $98 and $74.

 BNBUSD medium-term Trend: Bullish

The bulls rule the BNB market throughout last week. The price action of BNBUSD is trying to form a double top chart pattern provided the resistance level of $142 hold the price second time. The price tested the resistance level of $142 on February 10, pulls back to retest $117 level. It is currently increasing towards the previous high.

BNBUSD 4-hour chart, February 12

The RSI indicator period 14 is at 70 levels and the signal lines bending up to indicate a buy signal.

 

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Binance (BNBUSD) Price: Will Resistance Level of $69 Hold the Price?

Binance (BNBUSD) Price: Will Resistance Level of $69 Hold the Price?

BNBUSD Price Analysis – February 05

When the bulls maintain their momentum there will be an increase in price to $61, if it is broken upside $69 and $74 resistance levels may be tested. In case the resistance level of $61 is defended by the bears, price may drop to $55, $51 and $44.

BNB/USD Market
Key levels:

Supply levels: $61, $69, $74

Demand levels: $55, $51, $44

BNBUSD Long-term Trend: Bullish

The Crypto is under the pressure of the bulls that means it is bullish in the daily chart. On February 02, the bulls pushes the price to reach the resistance level of $55 but it could not break it up; it pulled back to retest the support level of $44. The daily candle of February 02 ended up forming a Doji candle, which means indecision in the market.   The bulls gathered enough momentum and pushed up the price to break the resistance level of $51 and $55. The price is heading towards $61 price level.

BNBUSD Daily Chart, February 06

The distance between the 9 periods EMA and 21 periods EMA is increasing which indicates that the bulls’ momentum is increasing. When the bulls maintain their momentum there will be an increase in price to $61, if it is broken upside $69 and $74 resistance levels may be tested. In case the resistance level of $61 is defended by the bears, price may drop to $55, $51 and $44.

 BNBUSD medium-term Trend: Bullish

BNB price is under the bulls’ pressure. When the price breakout from the consolidation that occurred two weeks ago. The coin kept soaring higher towards the resistance level of $51 where it consolidates for short period of time. The bullish momentum pushes the crypto to test the resistance level of $61 on February 05.

MNBUSD 4 hour chart, February 06

The crypto is trading above the 9 periods EMA and 21 periods EMA which indicates that bullish trend may continue. The Relative Strength Index is at the overbought level pointing down above 80 levels indicates a sell signal.

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Binance Coin (BNBUSD) Price Is Range-bound Within $44 and $40 Levels

Binance Coin (BNBUSD) Price Is Range-bound Within $44 and $40 Levels

BNBUSD Price Analysis – January 30

An increase in the bulls’ pressure may break up the resistance at the level of $44 which may increase the price to $47 and $51 support level. In case the resistance level at $44 is defended by the bears, the coin may face barriers at $40, $36, and $31

BNB/USD Market
Key levels:

Supply levels: $44, $47, $52
Demand levels: $40, $36, $31

BNBUSD Long-term Trend: Bullish

The Crypto is bullish in the daily chart. Seller’s pressure has pushed the price to a significant support level of $36 on January 22. The coin was bearish on the daily time that very week. A bullish reversal candle pattern emerges called Doji evening star at the same resistance level. This is the major reason why the price increases suddenly to the resistance level at $51 with the formation of the unstable market which leads to the formation of daily long-tailed daily candles.

BNBUSD Daily chart, January 30

The crypto is trading above the 9 periods EMA and the 21 periods EMA with the formation of many long-tailed Doji daily candles; this indicates an unstable market. An increase in the bulls’ pressure may break up the resistance at the level of $44 which may increase the price to $47 and $51 support level. In case the resistance level at $44 is defended by the bears, the coin may face barriers at $40, $36, and $31 resistance level.

BNBUSD medium-term Trend: Ranging

BNB price is on the ranging mode in the 4-hour chart. The bearish momentum pushes the crypto to taste the support level of $36 on January 22. A pin bar daily candle formed and this triggers the bullish movement in the BNB market. The price increases to test the $47 level. The price is currently constrained between the $44 and $40 level.

BNBUSD 4 hour Chart, January 30

The crypto is trading over and around the 9 periods EMA and 21 periods EMA which indicates that consolidation is in progress in the BNB market and the Relative Strength Index period 14 pointing down above 50 levels indicates a sell signal.

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BINANCE (BNBUSD) Tests $44 Price Level Twice, It May Fall

BINANCE (BNBUSD) Tests $44 Price Level Twice, It May Fall

BNBUSD Price Analysis – January 22

An increase in the sellers’ pressure may push the price below the support level of $36 and the daily candlestick may close below the level, the price will decline further to test the $31 and $27 support level. Inability to break down the support level of $36, the bullish trend may continue to target the resistance levels at $41, $44, and $48.

GBP/JPY Market
Key levels:

Supply levels: $41, $44, $48
Demand levels: $36, $31, $27

BNBUSD Long-term trend: Bearish

BNBUSD is bearish in the daily chart. The price soars towards the resistance level of $44 after it breaks up the resistance levels of $37 and $41. The price pulled back to retest the broken level of $31. The bulls increased the price and the resistance level of $44 is tested a second time but unable to penetrate the level. The bears are taken over the BNBUSD market as the bearish candles are forming.

BNBUSD Daily chart, January 22

The price has penetrated the dynamic support levels of 21 periods EMA and the 9 periods EMA downside and the coin is trading below the two EMAs which connotes the gradual increase of the bears’ momentum. The Relative Strength Index period 14 is at 50 levels with the signal lines pointing up to indicate a buy signal which may be a pullback. An increase in the sellers’ pressure may push the price below the support level of $36 and the daily candlestick may close below the level, the price will decline further to test the $31 and $27 support level. Inability to break down the support level of $36, the bullish trend may continue to target the resistance levels at $41, $44, and $48.

BNBUSD medium-term Trend: Bearish

The bulls’ momentum is gradually increasing in the BNBUSD market and the bears’ pressure is decreasing in the 4-hour chart. Last week. The coin tested the support level of $36 at the early stage of today’s market. A pin bar candle pattern is formed and the price started increasing towards the $41 price level.

BNBUSD 4 hour chart, January 22

The 9 periods EMA is trying to cross the 21 periods EMA upside while the coin is trading above the two EMAs which connotes an increase in the bulls’ momentum. The RSI indicator period 14 is above 40 levels and the signal lines bending up to indicate a buy signal.

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BINANCE (BNBUSD) Price Retests $41 Price Level and Bounces Off

BINANCE (BNBUSD) Price Retests $41 Price Level and Bounces Off

BNBUSD Price Analysis – January 15

In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, the price may decline further to test the $31 and $27 support level. Inability to break down the support level of $37, the bullish trend may continue to target the resistance levels at $41, $44, and $48.

GBP/JPY Market
Key levels:

Supply levels: $41, $44, $48
Demand levels: $37, $31, $27

BNBUSD Long-term trend: Bullish

The bulls return to the BNBUSD market after price retracement. In other words, BNB is bullish in the long-term outlook. On December 19, the bulls take over the market by breaking up the resistance level of $31. The price soars towards the resistance level of $44 after it breaks up the resistance levels of $37 and $41. The price pulled back to retest the broken level of $31. The bulls are taken over the BNBUSD market at the moment.

BNBUSDDaily chart, January 15

The price has retested the dynamic support levels of 21 periods EMA and the 9 periods EMA and the coin is trading above the two EMAs at the close range which connotes the gradual increase of the bulls’ momentum. The Relative Strength Index period 14 is at 60 levels with the signal lines pointing down to indicate a sell signal which may be a pullback. In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, the price may decline further to test the $31 and $27 support level. Inability to break down the support level of $37, the bullish trend may continue to target the resistance levels at $41, $44, and $48.

BNBUSD medium-term Trend: Bearish

BNBUSD is bearish in the 4-hour chart. Last week. The coin tested the resistance level of $44 on January 10 but there is no enough pressure to penetrate the level. A bearish engulfing candle emerges; which indicates an increase in the bears’ momentum. The price descends and tested the support level of $36. The Crypto bounces and increases to test the $41 price level. The price may continue its bearish movement.

BNBUSD 4 hour chart, January 15

The 9 periods EMA is trying to cross the 21 periods EMA downside while the coin is trading below the two EMAs which connotes a decrease in the bulls’ momentum. The RSI indicator period 14 is above 40 levels and the signal lines bending up to indicate a buy signal.

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BINANCE (BNBUSD) Price: Would there be Enough Buyers’ Pressure to Breakup $41 Level?

BINANCE (BNBUSD) Price: Would there be Enough Buyers’ Pressure to Breakup $41 Level?

BNBUSD Price Analysis – January 08

Inability to break down the support level of $37, the bullish trend may continue to target the resistance levels at $41, $44, and $48. In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, the price may decline further to test the $31 and $27 support level.

GBP/JPY Market
Key levels:

Supply levels: $41, $44, $48
Demand levels: $37, $31, $27

BNBUSD Long-term trend: Bullish

BNBUSD is bullish on the long-term outlook. Immediately after the breakout that took place at the $31 price level on December 19. The bulls have been dominating the BNB market with more momentum and the coin increases to reach a high of $37 on December 20. The resistance at the just mentioned level prevented further increase in price and the price retraced to the $31 support level. The Bears could not maintain the pressure, the price bounced and the $37 level was penetrated and the price reached the $41 level yesterday. The bearish momentum opened the market today with the possibility of decreasing further provided the support level at $37 does not hold.

BNBUSD daily chart, January 08

The price is retracing to test the dynamic support levels of 21 periods EMA and the 9 periods EMA and the coin is trading above the two EMAs at the close range which connotes that the sellers are preparing to take over the market. The Relative Strength Index period 14 is at 60 levels with the signal lines pointing down to indicate a sell signal. Inability to break down the support level of $37, the bullish trend may continue to target the resistance levels at $41, $44, and $48. In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, the price may decline further to test the $31 and $27 support level.

BNBUSD medium-term Trend: Bearish

BNBUSD is bearish in the 4-hour chart. Last week, the coin was obeying the bulls’ command and it is steadily increasing to break up the resistance level of $41. The price tested the $44 price level and turned it down. The price action of BNBUSD has formed another ascending channel in the 4-hour chart. The price is currently retesting the lower trend line of the channel.

BNBUSD 4 hour chart, January 08

The 9 periods is trying to cross the 21 periods EMA while the coin is trading below the two EMAs which connote a decrease in the bulls’ momentum. The RSI indicator period 14 is above 40 levels and the signal lines bending down to indicate a sell signal.

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BINANCE (BNBUSD) Price: Would the Buyers Defend Support Level at $37?

BINANCE (BNBUSD) Price: Would the Buyers Defend Support Level at $37?

BNBUSD Price Analysis – December 31

In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, the price may decline further to test $31 and $27 support level. Inability to break down the support level of $37, the bullish trend may continue to target the resistance levels at $41, $44 and $48.

GBP/JPY Market
Key levels:

Supply levels: $41, $44, $48

Demand levels: $37, $31, $27

BNBUSD Long-term trend: Bullish

BNBUSD is bullish on the long-term outlook. The coin broke out of the ranging zone on December 19. The bulls acquired more momentum and pushed up the coin to reach a high of $37 on December 20. The resistance at the just mentioned level prevented further increase in price and the price retraced to the $31 support level. The Bears could not maintain the pressure, the price bounced and the $37 level was penetrated and the price reached $41 level yesterday. The bearish momentum opened the market today with the possibility of decreasing further provided the support level at $37 does not hold.

BNBUSD Daily chart, December 31

The 21 periods EMA is below the 9 periods EMA and the coin is trading above the two EMAs at the distance which connotes that the Buyers’ pressure is increasing. The Relative Strength Index period 14 is below 70 levels with the signal lines pointing down to indicate a sell signal which may be a pullback. In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, the price may decline further to test $31 and $27 support level. Inability to break down the support level of $37, the bullish trend may continue to target the resistance levels at $41, $44 and $48.

 BNBUSD medium-term Trend: Bullish

The price action of BNBUSD has formed an ascending channel in the 4-hour chart. The price is currently moving towards the lower trend line of the channel. The 9 periods are above the 21 periods EMA and it is trading above the two EMAs which connote an increase in the bulls’ momentum.

BNBUSD 4 hour chart, December 31

The RSI indicator period 14 is at 0 levels and the signal lines bending up to indicate a buy signal.

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Annual forecast for Binance Coin (2021): Further Price Increase Is Envisaged

Annual forecast for Binance Coin (2021): Further Price Increase Is Envisaged

BNBUSD Price Analysis – December 25

The ability to break up the resistance level of $37 will expose the price to $41 and $48. In case the resistance level of $37 is defended by the bears, the price may reverse and face the $26, $24, and $22 support level.

BNB/USD Market
Key levels:

Resistance levels: $37, $41, $487
support levels: $26, $24, $22

BNBUSD Monthly Char: Bullish

The bulls dominate the BNBUSD market throughout the year 2020. The coin found support at the $12.1 level before the beginning of this year. Consolidation took place for three months. In July, the bulls gained more momentum and the price increased to break up the key resistance level of $20. The price increased towards the resistance level of $27. The bulls continuously increasing their pressure and the price level of $31 was tested and broken upside. The high of July 2019 is already reached this year.

BNBUSD Monthly chart, December 25

The price has already broken up the 9 periods EMA and 21 periods EMA and the coin is trading above the two EMAs at a distance which indicates an increase in the bulls’ momentum. The ability to break up the resistance level of $37 will expose the price to $41 and $48. In case the resistance level of $37 is defended by the bears, the price may reverse and face the $26, $24, and $22 support level. The Relative Strength Index period 14 is pointing up at 70 levels to indicate a buy signal. The price may test the resistance level of $41 before it reverses in the next year 2021.

BNBUSD Weekly Chart: Bullish

The BNBUSD steadily increases this year; it means the bulls’ momentum is relatively stable in the BNB market. The price increase was triggered at the support level of $12. The resistance level of $20, $27 and $31 was penetrated to test the $37 price level on December 21.
The 9 periods EMA is found below the 21 periods EMA from the beginning of the year; meaning that the uptrend is steady.

BNBUSD Weekly chart, December 25

The price is trading above the two EMAs which indicates a bullish signal. There is a high probability that BNBUSD will continue its bullish trend in 2021.
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Binance (BNBUSD) Looks Ready to Break Lower

Binance (BNBUSD) Looks Ready to Break Lower

BNBUSD Price Analysis – December 11

The ability to break down the support level of $26 will expose the price to $24 and $22. In case the support level of $26 is defended by the bulls, the price may reverse and face the $29. $33, and $37 resistance price level.

BNB/USD Market
Key levels:

Supply levels: $29, $31, $33, $37

Demand levels: $26, $24, $22

BNBUSD Long-term Trend: Bearish

BNBUSD is bearish on the long-term outlook. The price action formed a symmetrical triangle in the daily chart last week inside which the price was seeking a breakout. The bears eventually prevailed over the bulls.  The price broke out at the $29 support level. The price decline towards the $26 support level and the level is tested and pulls back slightly. Today, another daily bearish candle emerges and that indicate further price reduction.

BNBUSD daily chart, December 11

The 9 periods EMA is under 21 periods EMA and the coin is trading below the two EMAs at a distance which indicates increase in the bears’ momentum. The ability to break down the support level of $26 will expose the price to $24 and $22. In case the support level of $26 is defended by the bulls, the price may reverse and face the $29. $33, and $37 resistance price level. The Relative Strength Index period 14 is bending down at 40 levels connotes sell signal.

BNBUSD medium-term Trend: Bearish

The bears are controlling the BNBUSD market in the 4 hour chart. The bears pushed the price out of the symmetrical triangle, the former support level of $29 was penetrated down side and the price is moving closer to the support level of $26.

BNBUSD 4-hour chart, December 11

The 9 periods EMA has crossed the 21 periods EMA downside, and the price is trading below the 9 periods EMA which indicates increase in the sellers’ pressure. However, the relative strength index period 14 is at 20 levels pointing down to indicate a sell signal.

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