Binance Trading

2022-05-26 10:19:39 Good morning from the Binance OTC desk!

Earlier this week BTC saw volatile price movements, but as the week progressed BTC appears to be trading within a tight range, highs being around $29,950 and lows $29,300. Right now looking at the charts it is quite difficult to decipher what is going on, as it stands on the higher time frames market structure is still pointing towards the downside as price fails to trade above any significant high. Fundamentally amongst the crypto community many are discussing the legitimacy of the biggest stablecoin, USDT, it is hard not to think about the repercussions this would have on the market if it were to prove illegitimate as this would certainly induce a crypto winter and change the space as we know it. On the other hand I am one to always think on the flip side and do wonder what would happen if the unexpected was to occur? USDC fails instead. Something to think about for the rest of the week!

BTC Levels of interest:
$30,500
$28,670

The OTC desk has seen significant interest in the following coins this week:
TRX
SAND
MANA
ATOM

Do get in touch with the OTC team for any of your trading needs and as always trade safe!


Minimum OTC trade size $100k Open / Comment

2022-05-23 13:53:01 Good morning from the Binance OTC desk!

Following a volatile week, BTC had an active weekend compared to previous weeks. Friday’s price action found strong support at $28,600 and formed a short term uptrending channel over the weekend with price steadily rising. Yesterday morning (UTC+0) BTC unexpectedly saw a 3.21% pump, breaking out of a high timeframe downtrending parallel channel, perhaps an early signal for a green week. At this current moment in time, BTC is trading at $30,500 which is a previous daily resistance.

Whilst seeing these movements to the upside is a pleasant sight, it is important to understand where BTC is on the bigger timeframe and identify each probable scenario;
BTC see’s steady consolidation at this current level ($30,500) buying volume steps back in and begins climbing to previous highs ($31,300). Before further steady movement to the upside, indicating a shift in market structure.
BTC rejects off current resistance, selling pressure takes control of the narrative, returning towards the downside, indicating a fake out and retesting old support levels
BTC remains range bound trading sideways between $31,300 & $28,800 before loading up for its next big move in either direction, dependant on the current macroeconomic climate

Our OTC desk is seeing significant interest in the following coins:
PYR
GAL
JASMY
ZEC

Do not hesitate to reach out to us, if you wish to trade or discuss any ideas. As always please ensure the appropriate risk management techniques are taken into account!


Note: The above does constitute investment tips of Binance’s official positions, trade with discretion Open / Comment

2022-05-20 19:28:54 Good evening from the Binance OTC desk!

Our weekly market report is now published, enjoy!

https://www.binance.com/en/news/top/7116112


If you do wish to trade, please reach out to us!

@TylerBinance
@jvanderboom
@colincx
[email protected]

note
For trade sizes less than 100k dollar notional value, please use our convert portal which can be found here: https://www.binance.com/en/convert Open / Comment

2022-05-17 14:04:08 Good afternoon from the Binance OTC desk!

After an extremely brutal 2 weeks, BTC seems to be showing early signs of recovery. Last week BTC hit a yearly low of around $26,700 and since then has been trading in a short term uptrend as local market structure has changed direction. As to be expected much of the crypto community is calling this the ‘Bottom’, whilst this is a nice thought to have, I believe right now this is extremely optimistic as BTC is not out of the woods yet. As of now BTC is approaching a local high of $31,350, the bulls will need to break through this level in order for short-term market structure to remain uptrending, once that is clear the next challenge is a weekly resistance of $32,500; which BTC failed to trade above prior to collapsing last week. Trading above $32,500 will be a big win for the bulls, indicating that market structure on the higher time frame will have shifted, leaving greater upside potential (providing it is not a fakeout). At the moment one other factor to be cautious of is trading volume, looking on the hourly chart since the 12th, whilst price has been steadily rising, trading volume has been decreasing, suggesting bearish divergence.

Over the past week the OTC desk has seen significant increase of interest in the following coins:

SOL
XRP
KLAY
AVAX

With the prevailing macroeconomic climate and technical indicators manage risk accordingly. Do get in touch with the OTC desk for fast execution, tight spreads, zero slippage and fees!

@TylerBinance
@jvanderboom
@colincx
[email protected] Open / Comment

2022-05-11 13:24:36 Good morning from the Binance OTC desk!

Chaos continues as Terra’s algorithmic stablecoin is still experiencing extremely high levels of volatility as it lost its peg from USD. Yesterday UST saw lows of 0.6059 and after making somewhat of a recovery back up to 0.94, it almost immediately sold off this morning hitting new lows of 0.225. $LUNA a coin which seemed to be almost impregnable to the bear market has lost over 90% of its value within a few days, a sight that no one expected to see. At the moment the future of Terra’s ecosystem seems uncertain as it all collapsed within itself, lets see what Do Kwon has to say and if he has any plans to do what almost seems impossible right now, save Luna.

Currently BTC is trading within a downtrending channel on the 15M chart, after an extremely red week 30k has held up nicely as a strong level of support on the higher time frame. Moving forward the bulls will need to see this level hold if we are to expect any signs of a reversal to take place. As always with unexpected events, volatility creates opportunities both in the short and long run, please do get in touch with the OTC desk if we can help buy or sell any coins. Stay safe!

@TylerBinance

[email protected]


Note: We will be moving this channel in the very near future, please keep an eye out for updates! Open / Comment

2021-12-20 18:37:47 https://www.binance.com/en/support/announcement/3430d0951e78497991b953132d844e86 Open / Comment

2021-10-25 08:02:54 Binance Adds 19 New Tokens and Multiple New Trading Pairs to the Convert & OTC Portal
https://www.binance.com/en/support/announcement/6b3ce074b4fb4c328a8368877e85ebf2 Open / Comment

2021-09-16 05:21:43 Binance Adds 9 New Tokens to the Convert & OTC Portal!
https://www.binance.com/en/support/announcement/25266c9d8c2448be8e8a3aa26a4ce9ba Open / Comment

2021-09-02 06:01:16 Binance Adds 18 New Tokens and Multiple New Trading Pairs to the Convert & OTC Portal!
https://www.binance.com/en/support/announcement/221055b0e8eb465db3cfc9a77e4953d5 Open / Comment

2021-08-27 09:00:48 Binance Adds 39 New Trading Pairs to the Convert & OTC Portal!
https://www.binance.com/en/support/announcement/f3cd06d605f344fa864355373efcd483 Open / Comment