BAT Trading Plan - 65% Profit Target Potential this Week
Updated
Here is a detailed trading plan for BAT. If everything goes as expected, an easy 63% profit could be made this week.
OCTOBER 6:
A "Mercury" preview is scheduled to release sometime today. This could trigger a quick 10-15% profit potential.
BUY: 5400
SELL AT TARGET PROFIT 1: 5900-6400 SATS (~12% Profit)
The price is expected to dump down to the 1st support line as people sell the news where you can set 50% of your buy orders in the small blue rectangle just above the 1st support, around 5400 sats. If the price dumps below the 1st support line, it should fall down to our main accumulation zone where you can set your 50% buy orders in this zone, around 5000 sats. At that point, your average accumulated BAT price will be around 5250 sats.
October 12-13:
This is the date where devs have promised to release "Mercury" along with all the partnership news. We will start seeing some price action here in anticipation to the release. There is a heavy resistance at 7000 sats so it would be advisable to take profit at the green zone right under "Target Profit 2", between 6800-6950 sats (30% Profit for a total of 42% profit so far). On release, I expect that we will easily break that resistance, but don't buy until we get a confirmation that this resistance has been broken. These buys should be placed at the "Rebuy Zone" at 7150 sats. Our target profit will be at 9000 sats and grabbing profits at 8700-8900 sats is advisable (Another 23% profit for a total of 65% profit).
Good luck! Trade at your own due diligence and remember to ONLY invest what you can afford to lose. This technical analysis is assuming that "Mercury" will not be delayed AGAIN for a 3rd time (It has already been delayed twice).
OCTOBER 6:
A "Mercury" preview is scheduled to release sometime today. This could trigger a quick 10-15% profit potential.
BUY: 5400
SELL AT TARGET PROFIT 1: 5900-6400 SATS (~12% Profit)
The price is expected to dump down to the 1st support line as people sell the news where you can set 50% of your buy orders in the small blue rectangle just above the 1st support, around 5400 sats. If the price dumps below the 1st support line, it should fall down to our main accumulation zone where you can set your 50% buy orders in this zone, around 5000 sats. At that point, your average accumulated BAT price will be around 5250 sats.
October 12-13:
This is the date where devs have promised to release "Mercury" along with all the partnership news. We will start seeing some price action here in anticipation to the release. There is a heavy resistance at 7000 sats so it would be advisable to take profit at the green zone right under "Target Profit 2", between 6800-6950 sats (30% Profit for a total of 42% profit so far). On release, I expect that we will easily break that resistance, but don't buy until we get a confirmation that this resistance has been broken. These buys should be placed at the "Rebuy Zone" at 7150 sats. Our target profit will be at 9000 sats and grabbing profits at 8700-8900 sats is advisable (Another 23% profit for a total of 65% profit).
Good luck! Trade at your own due diligence and remember to ONLY invest what you can afford to lose. This technical analysis is assuming that "Mercury" will not be delayed AGAIN for a 3rd time (It has already been delayed twice).
Note
BAT actually dumped on the Github "Preview" release. Looks like the majority of people chose to sell the news so we missed the chance of going to Target Profit 1. We are currently in the "Accumulation Zone" where we can stack up on more BAT. If you are still holding BAT and was anticipating to catch Target Profit 1, it is not a good price to sell at due to this big sell off and holding would be the best bet imo.TP2 and TP3 are still active targets for "Mercury" release next week.
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