Options Trading & Analysis

Who’s Right — BNB or XLM?


There’s been a strong move in cryptos so far today, and for most large cryptos it’s been to the downside. Most notably, leaders BTC and ETH are testing key support levels with slightly higher volume.

We’d say there is nothing bullish about the current set up except for two indicators worth noting:
1) XBT futures has a weekly chart pattern that is a high prob for higher prices at some point (so intermediate or long-term, the chart says we’ll see higher prices)
and
2) BNB — this is a rarity and could just be BNB has it’s own story to let it break away from the rest of the crypto market or it could be an indicator that a sharp move down for large cryptos might be to shake out weak hands before a real bullish move higher. And on the more bearish side there’s this indicator still out there—-
3) XLM (prior chart shown) — We shared recently how XLM has been underperforming the market and it’s moving down again today —

BOTTOM LINE: Prior patterns would give the edge to large cryptos dropping to test lower levels of support like XLM did before going higher — but BNB (and to a lesser extent TRX say maybe not this time)
OR if you want an even simpler bottom line $3500 BTC and $95-100 ETH are still the price levels to watch for the overall state of the crypto market, until they’re not…..

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The Options Insider Radio Network

The Options News Rundown

Your source for the most important news and information from the world of options.

The Options News Rundown

The Options Insider Radio Network

All of our radio programs in one convenient place.

The Options Insider Radio Network

Options Insider Radio

The original options podcast. Features interviews with leading options figures.

Options Insider Radio

The Option Block

This high-octane program features education, analysis, strategies and unusual activity.

The Option Block

Volatility Views

The premier radio program for volatility traders.

Volatility Views

The Long And Short Of Futures Options

Your source for futures options information.

The Long And Short Of Futures Options

The Advisor's Option

Arming advisors with the info necessary to manage risk.

The Advisor's Option

Options Boot Camp

Get into peak options trading shape.

Options Boot Camp

Options Insider Special Events

Compelling panel & special event recordings from the options world.

Options Insider Special Events

OIC's Wide World of Options

A dynamic mix of current events, investor resources, & strategy insights.

OIC's Wide World of Options

Trading Tech Talk

We break down all the amazing technology that takes your trades from the click of a mouse to the clearinghouse.

Trading Tech Talk

Options Playbook Radio

Break down cutting-edge options strategies and learn how to incorporate them into your portfolio

Options Playbook Radio

Options Oddities

We track all the unusual options trading activity on Options Oddities.

Options Oddities

This Week in Futures Options

The program designed to help active futures options traders stay on top of this ever-changing marketplace. 

This Week in Futures Options

The Business Show

If you like business, if you like humor, if you like stock symbols, this is the podcast for you.

The Business Show

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