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BATBTC

BAT - Basic attention token looking ready to launchHi all, BAT is looking quite interesting now against BTC. The pair I'm looking at is on Binance. As you can see on the daily chart, the coin is now on critical horizontal resistance, which if surpassed will open the door for the next stage to the last reached high from February. The downside reversal was exhausted after BAT found stability at a previously solid horizontal support line (red line), so today it breaks out of the downtrend. Let's see how the current setup evolves and good luck in trading. Cheers,
Long
by FutureBlockchain
BATBTC Trade Setup | Trend Reversal | Hidden Bullish Divergence Today's chart - BATBTC – Consolidating at key support; a successful re-test validates technical targets above. Points to consider: - Trend Reversal - 21 EMA visual guide - Hidden bullish divergence - Stochastics oversold - Low Volume BATBTC testing trend support after a strong bull move into daily resistance, price respecting support level will form a higher low on the chart, indicating a trend reversal and will allow for trend continuation. The 21 EMA will assist as a visual guide, price breaking and trading above the EMA is a confirmation of strong trend continuation. Although trading below 50, the RSI confirms a hidden bullish divergence: price has made a higher low whilst the RSI has made a lower low, indicating a strong market accumulation. This also allows for ample space before the oscillator reaches overbought conditions as price breaks bullish. Stochastics are also overextended, although they may remain there for some time, momentum has been stored to the upside. Volume has been tapering off, indicative of an influx being imminent, likely to coincide with a break in either direction. Overall, in my opinion, BATBTC needs to hold trend support and break above the 21 EMA to validate a conservative entry for a long trade to technical targets above. What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee
BAT retracement completePlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support. -------------------------------------------------------------------- - BAT is in bullish territory and continues to set higher highs and higher lows. - Volume is relatively consistent. - Touching a 4H-support level (yellow line), which might be a good entry Possible entries: - 0.382 FIB level = yellow support - 0.5 FIB = daily support (around 2650 sats) Targets: - Previous high @ 3015 sats - Weekly resistance @ 3181 No financial advice.
Long
by Coinathlon
If this is where you got excited I would say you do it wrong.Hello everyone, If you´re getting excited about BAT these days and considering a buy then I would be very carefull. This run could be just start of bull cycle in altcoins as altcycle is possibly starting as seen in chart below. But for now indicators showing toppy conditions and buying here is very risky. ChaChain ----------------------- KEYWORDS trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis , ----------------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by Anoinvest
2
BATBTC | Breakout | S/R Flip | Support Confluence | Trade Setup Todays analysis – BATBTC – Retracing from a multi-month triangle formation breakout (as explored in previous BATBTC analysis - link down below) Points to consider: - S/R flip retest - Support confluence - 21 EMA visual guide - Oscillators over-extended - RSI bearish divergence - Declining Volume BATBTC needs to hold the probable S/R flip retest at structural support to establish a higher low, validating a long trade. However, trend continuation at this level will negate the thesis. Price needs to respect structural support (in confluence with .382 Fibonacci retracement) indicating a probable trend continuation, forming bullish bias in the market. Trend continuation upon price testing the 21 EMA will support the bullish bias, allowing the EMA to act as a visual guide. Both the RSI and stochastics cooling off from overbought conditions, a retrace to structural resistance will allow the oscillators to cool off. Furthermore, a technical bearish divergence on the RSI affirms weakness in the immediate market. An increase in volume will be key as price tests support levels to avoid any false breaks. Overall, in my opinion, BATUSDT has strong support confluence giving it a greater probability of breaking bullish, however, support re-test is needed for a valid long trade. What are your thoughts? Let me know in the comments below! And if you’ve read this far - thank you for following my work and development as a trader! As always, Focus on you, and the money will too!
by Kudiiee
BAT/BTC 4H Ichimoku analysis. Be careful trading this!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). BAT has just completed a full Elliot Wave pattern on the 4H, this in general means the end of a move (5 point wave), and as it's very far from the cloud it does seem quite overbought, this is confirmed by the RSI. Usually, this means it's time for a consolidation phase or reversal at least for the short term. I did miss the move on BAT which happens, you can never catch all opportunities in a market, but people asked me to have a look at it so I thought it would be good to post this as it is at a reflection point. Chasing is always a dangerous move, it just broke the 300EMA which is quite bullish, although other things point to it needing a breather. So if you wanna trade this be very careful and wait for confirmation of continuation!
by VrotteOtter
1
Basic Attention Token BATBTC - Long Term strategyHello Traders! I have planned a long term strategy for BAT. We have a contracting triangle, and we might be completing the E-wave (according to Elliot wave triangles), and is exactly at point E, where I will buy to make maximum profits. The area to buy is indicated with the green rectangle . Another safer strategy, is to buy exactly at the break out of the contracting triangle. If everything goes as planned, we might be looking at 200% profits. I think BAT has a lot of use cases, and is a solid project. Please let me know what you think, and as always this is not financial advise do your on research.
Long
by sirfreakthemighty
BAT/BTC Local work. Channel. Diamond figure. Ascending triangleBAT / BTC trading idea for local work. There is a downward local channel whose resistance is broken. The formed reversal pattern of a diamon d is similarly broken through. There is a breakdown of the ascending triangle and a retest of its mirror level. If the price manages to consolidate, the local uptrend will continue. If the trend develops, lateral movement will continue to form in the horizontal channel indicated on the chart with support in the region of 0.00002 satoshi.
by SpartaBTC
Basic Attention Token BATBTC - Long Term strategyHello Traders! I have planned a long term strategy for BAT. We have a contracting triangle, and we might be completing the E-wave (according to Elliot wave triangles), and is exactly at point E , where I will buy to make maximum profits. The area to buy is indicated with the green rectangle. Another safer strategy, is to buy exactly at the break out of the contracting triangle. If everything goes as planned, we might be looking at 200% profits. I think BAT has a lot of use cases, and is a solid project. Please let me know what you think, and as always this is not financial advise do your on research.
Long
by sirfreakthemighty
Basic Attention Token (BAT) | Patience Is Key!Some people are losing patience with Basic Attention Token (BATBTC)... But remember, patience is key! This is the setup we have now where prices moved above MA200 but quickly fell below... Even though there was a rejection at this level, EMA50/100 is still working as support. From this level, prices can easily jump (green arrow)... But even if prices drop, we remain bullish after the drop... Patience is the key to win/succeed. Namaste.
Long
by AlanSantana
BATBTC | Structural Support | Apex | Low Volume Todays Chart – BATBTC – trading in a multi-month triangle formation nearing its apex. Points to consider: - Support and resistance converging (apex) - Macro swing low failure - Low volume - RSI breaking below 50 BATBTC needs to hold local support for a break and of local resistance. However, failing to hold local support; a break to structural support is plausible. Swing low failure (higher low) on the daily is indicative of a macro trend shift. S/R flip st structural resistance will solidify trend reversal. Volume is below average, an indication that an influx is imminent coinciding with the probable breakout. RSI is breaking below 50 showing weakness in the market indicating a probable retrace to structural support Overall, in my opinion, BATBTC has some work to do and needs setup. A long trade will be validated on a re-test of structural support (conservative entry) or a break and re-test of local resistance (aggressive entry). What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always, focus on you - and the money will too!
Long
by Kudiiee
2