BATBTC, 4h, Possible Elliot Wave CountHello traders,
You can see my earlier ideas about BATBTC at related ideas section. I'm gonna take this trade with invalidation level and i hope it helps some other people also.
This is just an idea, you should set-up your stop loss, and take profit levels and be careful about your margin. (Always use fibonacci levels for that.)
Always consider the worst possible scenario and have a good day.
BATBTC
BAT/USDT (Bounce at Previous Support?)BAT/USDT
-cross ultimate indicator priority is Long @ 7th April
-strong sell area is reached last 9th May
-market drop as BTC dump the price to 8k regions
-if the price can hold the current levels
-we could see a potential upside bounce
-our key stoploss is below the green box support
Basic Attention Token On The Same Path (Easy 60%)This is the same chart I shared back in April... Notice the drop a few days ago was just a fake breakdown.
We continue with the same bullish bias and the yellow arrow scenario is still on.
Here is the previous analysis if you want additional details on the Basic Attention Token (BATBTC) chart.
Apr 11 |
Thanks a lot for reading.
Namaste.
Basic Attention Token (BAT) Might Explode Like A BombProject Description: Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
The token can be used to obtain a variety of advertising and attention-based services on the BAT platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
We see that the bat price is stuck in a long-term symmetrical triangle. I guess that wherever this long-term symmetrical triangle moves, it can move hard in that direction.
Red areas are trend areas. Green areas are the potential accumulation zone.
Let's see what the bat project will do in the future.
Yours ..
Bearish Continuation pattern for BAT.Moving inside an ascending triangle, which should continue it's bearish trend and test the support again around 0.00002000-2100 sats.
High possibilty to test the 200MA, creating a false breakout to 0.00002550-2600 before heading into the triangle again, and break downwards.
Brave's BAT Token - Bullish postureThe Brave browser already has millions of monthly active users.
Those active users are all potential BAT token adopters.
Add on top of that content providers including YouTube content creators are also adopting the platform to earn rewards, all this leads to exponential growth of BAT adoption.
batgrowth.com
BAT Is In a Downwards Channel, But Might Soon PumpBat is going down again here in this channel after seeing a significant upwards spike of 100%+.
Surprisingly, the coin didn't suffer much during the Corona crisis. However, you could argue it's already priced in as we're looking at the BTC pair here and not the USD pair.
I expect the price will continue to go downwards for a while until we reach a very important point: the confluence of the channel and the support zone.
I think this area could be a great buy opportunity as we've seen BAT does have the potential to spike when it's making lower lows. I will put it as a short for now with the expectation it will follow this channel, but I am bullish long term.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Patience is Rewarded -- WEDGE on BATBTC triggering higher highThe MOST important figure is 2093 -- AKA THE STOP LOSS.
If you're NOT new to my publications then you've seen me press on this point OVER and OVER again, and I apologize for sounding like a broken record: but those who are new need to hear it!
It breaks my heart to see so many new excited crypto enthusiasts transition into new adopters only to get CRUSHED by the sheer volatility & loose regulatory "wild west of wall st" candor that is the global crypto markets -- which NEVER close.
I cannot tell you how many times I've seen cats with decades of experience on WallSt boast about how easy they think forex swing trading crypto is/would be *cough* Peter Schiff *cough* but the sad truth is that they always get dominated, just as I got dominated, as all the tech moguls get dominated.
Another point I've pressed upon in the past (repeatedly) is that fintech is a hydra/3headed beast. If you're not familiar with API/SDK/multisig3/open source p2p blockchaintech/whitepapers/roadmaps, if you're not familiar with indicators, double bottoms/C&Hs, bart simpsons & elliot waves; if you're not familiar with SDK protocol/Smart contracts/node: you are INCAPABLE of taming the 3 headed beast!
I've been doing this FULL-TIME (all you QQing about "self-quarantine" I've been self-quarantineed 24/7/365 since the summer 2014, so to me I notice nothing different) with my point being: it took A LOT OF PAINFUL LOSSES & WASTED TIME for me to start reaping significant ROI!
I'm not trying to lecture or boast; I'm trying to save you the pain and trouble I went through by reminding you to humble yourselves (regardless of how much of a boss you think you are at forex trading, or how badass a dev you think you are) that's neither here nor there.
There's a reason blockchain/fintech was rated #1 on top 10 most difficult fields of 2020. Generally financiers don't care for software engineering, and vice versa.
Personally I began as a developer. I love writing algos. I love patterns & solving puzzles. I hated numbers & arithmetic, most of all LOATHED finance. Then I realized that after several dozen quarters and over 5000+ (atleast) hours of doing this -- charts began to reveal patterns and not randomness.
Here's an analogy to clarify: Lebron James loves basketball. That's a given. Now ask yourself if Lebron couldn't dribble, missed every foul shot & was HORRIBLE in every game -- do you think he'd still have the same passion?
Not to drift too far off topic; I'd hate to digress, so let me get to the point: people grow to enjoy what they're good at and vice versa! as I'd never envisioned myself enjoying conducting TA though once I broke through those first few years & got a handle on how things were done; once I started seeing patterns & not just random candles, and most importantly: once I started MAKING more money than LOSING after developing a solid formula for Forex EMA swing trading: I began to enjoy it. Aside from the fact that I am making money, even if I were to paper trade for lulz it is still something I'd find a passion (something I'd never though I'd admit years ago) so with that being said:
TP1-4 are green horizontals respectively. It's difficult to pinpoint an accurate timeframe for when alot of these alts will peak though I'd have to guess it would be after the halving (which is already priced in) though it is what it is.
Thanks to the COVID19 scandal it seems as if my 'strategic consultation' for the GOP has been suspended until further notice, therefore all regulatory policy proposals & think tanks I participate in are suspended until June and so for that reason I've been allowed to resume full-time crypto trading without risk of violating 15 U.S. Code § 78u–1.Civil penalties for insider trading. Nonetheless, I'll still tag a disclaimer so you folks know the drill.
I'll keep this as a mid-long in terms of time-frame: though it's difficult to tell. I'll know for certain by closing bell Friday (16:00EST) & keep you guys updated/posted.
Respectfully,
@a1mtarabichi
DISCLAIMER
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
BAT Reached Support Zone with Confluence on Volume ProfileHey all, here’s another entry on my tradingview series called 'Quick Updates'.
We can witness this nice confluence on the support zone by price, but also by volume profile. This is clearly a very important area for BAT. That's why this could be a very interesting LONG position using a standard support and resistance trade setup.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Basic Attention Token Ready (60% Target Mapped)Now we are looking at Basic Attention Token (BATBTC), on the request of one of our amazing supporters... Let's see what we have here, follow me!
We now have prices moving above EMA50 while...
Wait, let's start from the beginning.
BATBTC, the altcoin trading pair for Basic Attention Token vs Bitcoin, hit a low on 6-Sep. '19.
After this low, a 121% bullish wave took place that lastest 47 days (yellow arrow on the left).
Afterward, prices started to retrace and a higher low was hit on 23-March. This retrace lasted over 155 days.
And now we have prices moving above EMA50 while trading volume is going up.
The RSI is really strong at 60 and the MACD is now above the zero line.
If you look at the chart above, the second yellow arrow is what we are looking for.
Even though we have a bullish chart, remember that everything can change in a matter of days.
So, make sure to develop a strategy/plan before you decide to trade.
Thanks a lot for reading.
This is Alan Masters.
Namaste.