The Crypto market’s volatility gives traders a chance of taking benefit from huge price swings. If you research well, responsibly trade and develop a solid system of risk management, volatility is never a bad thing. Learning crypto trading has become very popular with traders. Mostly those who are interested to invest in volatile bullish or bearish markets. Trading crypto is a more attractive opportunity over more conventional markets. From 1st January to 6th June Bitcoin is nearly up by 25 %. Such a figure includes the huge correction from the all-time $64900 price high that was reached last year April. In this same period, a rise was seen in S&P by 12 %. It was less than half of all gains seen with BTC/USD. So suppose you have invested in an S&P tracker fund in the amount of $1000 on 1st January last year. Such an investment would make $120 in profit by 6th June. If you are a beginner, engage in Bitcoin trading confidently with Bitcoin Motion

If you invest this $1000 in Bitcoin, by 6th June you will make $250. Bitcoin or other crypto trading is profitable also in bearish markets. Any trader shorting Bitcoin on 15th April for nearly $64000 and closing the position at $30300 on 19th May will be generating a 50 % return in only 5 weeks. Bitcoin ranged from the mark of $28.7k to the resistance level of $30.6k in the last 2 weeks. Binance Coin is one of the best performing leading 20 altcoins by market cap in the last 10 days. It appeared to include a bullish structure on the price charts a few days back. But this price was rejected at a vital resistance level. The bullish bias thus appeared to shift bearish again.

Chart of BINANCE coin: 4 hours

On the chart of 4 hours, the price had been in a serious downtrend before in May.
It formed a very low high at $332.8.
In the previous week, the price made more promising low points as it rose from underneath the mark of $250 the whole way to the mark of $335.
Besides, the price broke over the lower high of the downtrend at $332.8 two or three days prior, to show that the market design might have had a bullish shift.
The levels of Fibonacci retracement plotted for the drop of BNB from $413.6-$218.8.
It showed the level of $339.2 to be the retracement level of 61.8%.
This region additionally had a juncture with the more drawn-out term even level at $337.5.
It which had gone about as help in January and February’s dive in prices.
This conjunction of the opposition saw a dismissal for BNB.
The value had all the earmarks of being set out toward a meeting close underneath the $316.2 mark, the half retracement level.
This could see the $316 level retested as opposition and a further drop in prices.

Binance chart: 1 hour

On the lower period price chart, the last 11 days’ uptrend should be visible all the more plainly.
It began when the price flipped the area of $280 to demand from supply on 14th May.
The price rallied higher from that point forward.
It can likewise be perceived how significant the $316 support was throughout recent days.
This is because it got tried on various occasions.
Notwithstanding, ongoing long periods of trading saw such a level broken in a single meeting.
A retest of this previous help zone as obstruction could offer a shorting a valuable open door.
This short position’s stop-loss would be simply over the opposition zone, at $324.2.
While the take-benefit lies at the zone of interest at $296 the cost posted a new move upwards.
Binance’s 1-hour indicators show that the bearish momentum has areas of strength for been that selling volume has been weighty in the last couple of hours.
The AO and RSI jumped underneath the neutral lines to show the dominance of the seller.
The OBV likewise slipped underneath momentary help levels and could be going a lot lower.

Conclusion

The 4-hour flip in the structure, combined with the chart of 1 hour and all indicators, clearly suggested that Binance Coin may be moving downwards to the zone of $295. For a trade, one important aspect is technical analysis. Equally important are trade psychology and risk management. So the short position size must get allocated so that only a trading capital of 25 is at risk during entry.