Outperforming — Trading Ideas on TradingView

Bullish Trend for ERIE Despite Bearish Equity Sentiment 1. Market is supported by long term trend line on Weekly Chart. 2. RSI rebounded from support zone, which corresponds to previous rebound from trend line support. 3. Break out of consolidation phase, now trending higher. 4. Sharp price rejection at 120.00 level, which is a 50% Fibonacci retracement level Conclusion: Bullish trend expected to continue to projected price level at 150.00. Alternatively look to RSI (100) resistance at 60.0 as a profit taking guide.

It's Time to Consider BNB As Your Base Cryptocurrency FUD is nothing new, but in recent weeks cryptocurrency trading has been increasingly tough. Bull markets rarely ever teach us anything as nearly everyone makes money in Bull markets. Every coin is seen as either a great project today or the future coin of tomorrow. Projections and promises of these projects tend to be high; and so tend to be their price. Even lackluster returns or news can send a coin skyrocketing. Bear markets, in comparison, show us the real "meat on the bone." They help us see what projects people actually believe in versus what projects were speculative in nature; only being chased for the hopes of abnormal returns. It goes without saying that it has been a tough year for Bitcoin. My actively traded investment has fallen nearly 20%. Bitcoin seems to loose against the USD on a daily basis, with bad news ruling the headlines. But what if I told you that there was a better way, and that there is a coin that is OUT performing its 200 SMA? What if I challenged you to describe what exactly makes BTC so special that everyone wants to accumulate it? What if I told you that the best investment to accumulate BTC would be to change currencies? Finally, What if I challenged you to seriously consider changing your base currency to Binance Coin? You would probably tell me that the devil is in the details. Let me share them with you. BNB is currently trading at nearly $15 and has gained steadily since it struck bottom in February. Instead of trending downward and scaring the entire crypto community half to death, BNB began a nice uptrend. Overlaid (in orange) is BNB versus BTC. It doesn't take a rocket scientist to see that there is no comparison. BNB is currently the only coin that is actually outperforming SMA 200 against BTC, USDT, AND ETH. Furthermore, BNB is a fundamentally sound coin. The Binance exchange accepts this coin as payment for fees on the exchange. Traders get their fees half off (.05%) if they use the coin; which is currently the cheapest fee in the industry. Traders have been flocking to this site (myself included) because of its incredible liquidity and the ability to save loads of money on fees. Binance has quadrupled its customer base since January, and this kind of expansion is likely to continue. Furthermore, Binance has limited the supply of this coin, which will increase scarcity and raise prices. Lastly, Binance has become a trusted name in crypto; and this is likely to continue for as long as the managerial decisions are in line with the basic investor. While no one will likely say that BNB is going to be the next world currency, it has shown that it is good store of value while the Bear market continues to drag on. Setting your AI and strategies to trade against BNB simply can't go wrong in the short term; as you can always re buy BTC or ETH at a later date for your long term HODL. Many, including myself, have been searching for a way to short BTC in this market. BNB may present the best way to do it.

ETHUSD Still Beating Bitcoin - Even on a Down Day ETHUSD Still Outperforming Bitcoin ETH rallied just under 100% from the resurrection day lows at 360 to high at 713. In that time Bitcoin rallied 50% or so. Today Bitcoin is down 3.7% at moment and Eth is down 2.9%. That's impressive price action by ETH for sure. So far at least. It should be double that decline but it's less than like-for-like. Whatever the current ratio, it still moves with Bitcoin - which has hold up at 8800 for ETH to stay overall positive too. At the moment despite losing the lower parallel and tripping over its edge Eth is holding up off the first support line at 625 - it's ralled from just above the line towards the underside of the parallel and been rejected. But it looks unlikley to break lower still unless Bitcoin in turn breaks below 8800. And if so, Eth would be likely to fall to 576 and the lower parallel of a potential flag in the early stages of formation where it becomes a buy again if tested with stops below by 5 points or so. Returning to the upside any break above the upper parallel of the nascent flag formation at 693 now would be very bullish and signal further nearer term strength to 869- 89. Eth is still outperforming though, as today's price action confirms.