On Jan. 17, 2024

After BITCOIN ETF APPROVAL, there was a sell of news that happened and majority of the people sold their $BTC which led them to allocate their funds to altcoins such as $BNB

  • Bitcoin D. Chart - Bitcoin vs the rest of the altcoins

    • Looking at the chart below, BITCOIN is looking weak compared to the rest of the altcoins and it is likely to continue moving forward and test the most recent support at 48%.

  • BNB/ETH

    • On #hootdex , I have placed a trade for the crypto pair #hBNBET (https://hootdex.net/cryptoPairs/hBNBET).

      Knowing the Bitcoin Dominance is going down, BNB seems to have been looking strong against ETH as well as the chart above shows that the price rejected the 0.1332 support area looking to go up and test the most obvious resistance at 0.1435

  • BNBBTC

    • On #hootdex , I have placed a trade for the crypto pair #hBNBBTC (https://hootdex.net/cryptoPairs/hBNBBT)

      Knowing the Bitcoin Dominance is going down, BNB seems to have been looking strong against BTC as well as the chart above shows that the price rejected the 0.006413 support area looking to go up until 0.009013

As of now Jan. 24, 2024

  • BNBETH

    • We are now at a 11% increase approaching our take profit level. To protect our trade incase it goes otherwise, I have placed a stop-loss at our entry area at 0.1212

  • BNBBTC

    • We are now at a 7% increase approaching a resistance area which is likely to be broken to further go to our take profit area at 0.009013

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Where are I am trading? I am trading at #hootdex , a Decentralized Digital Asset Swapping System

HootDex is a peer to peer decentralized digital asset swapping platform that was built from the ground up to meet the growing needs to crypto native firms, financial instituions and the retail digital asset community.

HootDex offers secure, fast, efficient and cost effective trading and settlement in a decentralized environment. It is a purpose-built platform that integrates the best practices from both traditional financial and decentralized financial markets.

https://www.hootdex.com/

Follow my trade portfolio at : https://hootdex.net/dbt/BCTx