BATBTC
Bearish Signal Based Off Descending Triangle for BAT BTCHi all,
The Trading Guru is back here with a bearish scenario on BAT. After the big pump 4 days ago, we have seen several attempts of bringing the price down. Each attempt resulted in a bounce off around the 0.00002180 zone. However, every subsequent bounce has been slightly weaker. This is a very bearish signal, and is called a descending triangle.
I expect the price to break through the support soon, as we can see the bears are clearly winning from the bulls at this point. Only once the price goes back to normal ranges as defined by the horizontal support, it will become more unpredictable about what will happen with the price. At this point we should leave the trade.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
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$BAT. UCTS Buy signal on the 12H as it flipped ~2250 sats$BAT
UCTS Buy signal on the 12H as it flipped ~2250 sats resistance level into support on LTFs..
Showing good volume here aswell..
Looking for an entry at support level w/ tight SL (due to BTC) for a potential run up to ~2600 sats as 1st target...
#BAT
BAT - 45% Trade SetupBAT - Some nice TA on #BAT price has been slowly decreasing in this wedge where it found support on the 25% range.
On the Binance news today was able to push to the 50% where it stopped to the tick.
Want to see a S/R flip of blue or purple for further upside - Target 75%/ 100% of the range.
For conservative entries - wait for wedge breakout....
Plz leave a comment / like & follow...
BATBTC formed Gartley on 2 week chart | Upto 59% move expectedA formation of big bullish harmonic Gartley pattern:
At one side the Basic Attention Token with Bitcoin pair has formed a very big bullish Shark pattern on 2 month chart that I have already shared however for reminder I will again share that 2 month bullish Shark chart again.
Within that big bullish Shark pattern on 2 week chart the BAT has formed a big bullish Gartley pattern that can also help the execution of bullish Shark pattern that is formed on 2 month time period charts.
Let’s dig the pattern deeper to see how perfect it has been formed.
Intial leg was started in Sep 2019 and ended on Oct 2019, after initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.618 to 0.786 Fibonacci and now entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Buy between: 0.00002289 to 0.00001973 sats
Sell between: 0.00002539 to 0.00003138 sats
So this trade can has capacity to produce upto 59% big profit.
Stop Loss:
The potential reversal zone area that is up to to 0.00001973 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
BATUSDT formed bullish Butterfly | Upto 24% moveA formation of harmonic bullish Butterfly pattern:
This time on daily chart Basic Attention Token (BAT) with Bitcoin pair has formed bullish Butterfly pattern and entered in potential reversal zone and ready to move up at any time.
Even though after visiting the buying area the pricline of BAT has already hit 2 times in sell zone but MACD is still turning bullish therefore I am expecting that the price action of Basic attention token will again take powerful bullish divergence to enter in sell zone.
Let’s dig the pattern deeper to see how perfect it has been formed.
After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 01.27 to 01.618 Fibonacci and now entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern should be:
Buy between: 0.00002223 to 0.00002086 sats
Sell between: 0.00002329 to 0.00002587 sats
So this trade can has capacity to produce upto 24% good proit.
Stop Loss:
The potential reversal zone area that is up to to 0.00002086 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own reaserch before any investment.
BAT/BTC TA Update (must hold key support)BAT/BTC
BAT just barely closing below important support at 2200 sats level and currently holding it for 7 days already.
BAT is approaching immediate trend-line resistance which is located between 2300-2400 sats.
If the bulls can break this key trend-line, we may conclude that new support is built and we can expect a short-term rally up to 2700-3000.
If you are a conservative trader, waiting for the breakout confirmation is a must to add an extra layer of security.
Basic Attention Token Trade Signal [BATBTC](116%)Basic Attention Token (BATBTC) is trading within EMA300 (grey) and MA200 (black).
This setup is bullish since prices are now moving above EMA200 and we have a bullish cross on the MACD and strong RSI.
Other altcoins are also starting to grow.
Below the full trade numbers...
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Trade: Basic Attention Token | BATBTC
BUY: 0.00002500 - 0.00002750
NEXT SUPPORT: 0.00002222
TARGET:
1) 0.00002950
2) 0.00003150
3) 0.00003500
4) 0.00003750
5) 0.00004150
6) 0.00004400
7) 0.00004750
8) 0.00005750
PROFITS POTENTIAL: 116%
(Price at writing 0.00002666)
STOP: Close weekly below 0.00002000.
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This is not financial advice.
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Basic Attention Token Had some good rallies this year but looks bearish to me as we approach resistance.
Basic Attention Token Daily Setup BATUSDTDaily Chart with Fibonacci retracements on BATUSDT
As you can see we are sitting right at the .236 fib retracement level, which indicates we could see a bounce.
I like BAT as it has a working product, aka Brave Browser + BAT
Looking for a retrace up especially if BTC bounce up from these lower 8700 levels. Lets see what happens GLTA
(BAT) prices as of 2/28/20
$0.219139 USD (-2.82%)
0.00002508 BTC (-1.35%)
0.00095237 ETH (-2.14%)
Market Cap
$313,478,407 USD
35,883 BTC
1,362,359 ETH
Volume (24h)
$65,589,593 USD
7,508 BTC
285,049 ETH
Circulating Supply
1,430,500,738 BAT
Total Supply
1,500,000,000 BAT
BAT / BTC Fractal 2019. History repeats itself. Potential + 180%Copying. While there is a clear tracking of the fractal. Even the time frame is almost day to day.
Maybe this is specially done to deceive at the most crucial moment.
The price is now at the resistance line of the downward channel in increments of about 33%.
ENTRANCE
On a break of the downtrend line, or a rollback after the break, depending on your trading strategy.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the coin volatility))))
As history shows Stop Loss on this coin for losers. Stop Loss knocked out was -33%. And in most book traders put Stop Loss at 3-5%, well, the most aggressive at 8-10%. But still, those who are smarter know where the crowd puts Stop Loss. Why pull the crowd and give money? The crowd should buy only near the highs, or who does not dare to enter the market after knocking out Stop Loss, feels a sense of "lost profit", as on this coin. And to justify oneself is all manipulations, this is not an honest game, the book does not write to do so). In such a Stop Loss knockout, no Stop Loss size will help you ...
Therefore, the pump happened by + 180% from breaking through the downtrend line, and if we take into account the knockout of Stop Loss from the price to about + 210%. Growth was without passengers.
Therefore, I emphasize once again that it is not the Stop Loss size that matters, but the entry point!
TARGET
In cases of breaking a downward trend line and working out a fully fractal, the potential is about + 180%.
It is also worth noting that I showed the time frame of the price movement, but you need to understand that this is subjective, but with what the demon is not joking.
Pivot points (zones) I showed on the chart. All levels (price zones) on the chart.
Also, if the price does not break the downtrend line (resistance of the downtrend), then the possible work in this channel with a width of about 33%.
Work on the situation, depending on how the price responds to a particular level (zone).
Also, do not forget that the price is now flat at the bottom of the main horizontal channel of the trend.
BAT is at the bottom of its former channel Potential + 140% October 2019
The trading idea of this coin is to the dollar.
BAT / USD Formation of a symmetrical triangle. Potential + 310%
#BAT is near a major resistance level, good bounce is expected#BAT is looking good and it seems that March will be a profitable month for holders.
The coin almost reach its major support which has been holding the price from falling since 2018 year. Expect to see a nice-bounce in mid-term.
My previous idea on #BAT:
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BAT Structural Resistance|Respecting Support|Probable BreakoutEvening Traders!
Today’s update will be on BATBTC, clearly supporting its trend line as projected direction is into structural resistance.
Points to consider,
- Trend putting in consecutive higher lows
- Structural resistance to break
- EMA’s providing current support
- RSI respecting trend line
- Stochastics neutral
- Healthy volume
BAT has been establishing consecutive higher lows; a higher high will confirm a change in the overall market structure. Structural resistance in a staunched level for the bulls to close above, this is an important level at the apex.
The EMA’s are providing current support, must hold true when structural resistance is breached.
RSI is respecting its trend line, looking healthy in this immediate uptrend into the apex. The stochastics on the other hand is neutral, stored momentum in both directions.
Volume has been healthy, must sustain an increase upon break of structural resistance.
Overall, in my opinion, BATBTC has a clear structural resistance to break in order to change overall market structure. A break needs to be backed with viable volume, target are at equivalent resistances.
What are your thoughts?
Please leave a like and comment,
A remember,
Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
BATBTC ready to battle 3400 satsWelcome fellow Tradingviewers,
BATBTC has not shown much traction since we shared our first analyses, mostly just sideways action.
Untill the start of February where we finally retested our MA's for 'one last time' before aiming for higher grounds.
Without further or due, lets start analysing:
We will be analysing BAT using a top-down strategy, including candlestick patterns, indicators and price patterns.
Monthly :
- This last monthly candle wasn't that interesting, but this one is turning in to a bullish engulfing candle, indicating more upside.
- The volume this month is definitely increasing, currently prices are increasing to, indicating more upside momentum.
Weekly :
- The last weekly candle closed in a bullish engulfing candle, indicating more upside.
- The volume on the last two weekly candles keeps on increasing, indicating more upside momentum.
- MACD has crossed bullish , indicating more upside momentum.
- RSI is still neutral.
- Approaching the 3200 weekly resistance, indicating downside momentum.
Daily :
- We clearly found support on the 200MA indicating that the bullish case for BAT is still legit, indicating more upside.
- Above all Ma's indicating more upside momentum.
- MACD has crossed bullish indicating more upside momentum.
- RSI is nearing oversold territory, indicating downside momentum.
In summary:
We can clearly see that the bulls are trying to let BAT take off.
The volume is increasing a lot while price is slowly following, which are major bullish signs.
We still have a long way to go but the first steps are being made here.
The 3200/3400 sats resistance is going to be important for the bulls to break.
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like !
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO