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.
Batbtclong
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
BATBTC LONGThis one is gonna look great IF it breaks the upper line around 2734.
We already have a hammer candle forming which indicated we might go up very soon.
Volume is pretty green.
If we break that upper line, then we are about to form a much bigger ascending triangle with a huge upwards possibilities.
Do your own research before taking a trade, not a financial advice.
Remember to check my other ideas. Good luck with your trades.
#Basic Attention Token | Prepare To Take OffEntry : 0.00002348 - 0.00002251
Target 1 : 0.00002505
Target 2 : 0.00002722
Target 3 : 0.00002863
Target 4 : 0.00003264
Target 5 : 0.00003455
Stop loss : 0.00002154
Risk/Reward : 5%/52%
Do not risk a large amount of your money
Do not hurry to buy, the price may go down to good places
Please share your opinion in the comments box and do not forget to press the like button
Add to watchlist
BAT/BTC - Kumo Breakout off a Kijun BounceBAT bounce off the kijun and just broke out of the kumo.
I am entering a long as soon as we have a clear break as my alert is above the kumo we also had a long on our cryptorhythms indicator too for more confirmation.
Looking for 2.4R-3.2R on this trade.
Trade, Chart, Learn, Repeat
Coach K
@coachkcrypto
BAT BULLISH consolidation bellow resistance ?BAT was during bullish consoldation between 2410 and 2650 sats. Price action: BAT closed above 2650 sats breakout. Major Resistance was double top at 3450 sats.
BAT closed above EMA 21,50,100,200 periods Uptrend. Potential Target: 3150 sats.
Volume: of buyers increased confirm bullish price action.
Indicators: MACD bullish crossover above zero line, RSI above 50 points. Bullish Sign.
Pattern: Bullish Consolidation bellow resistance.
S/R: Major Support at 2211, Support 2410. Resistance 3150, Major Resistance 3450 sats.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
BAT news effect ?BAT jumped after Binance news. "Binance Adds Margin Trading for BAT". BAT price action above EMA 21,50,100,200 Uptrend. Hold above green support trend line. Potential long target: 3150 sats 1.618 fibs level.
Price action inside uptrend channel between green support trend line and red resistance trend line.
Volume: confirm bullish price action.
Indicators: MACD bullish crossover above zero line. RSI above 50 points.
Pattern: Uptrend channel.
S/R: Support at 2490, Major Support 2350 EMA200, Resistance 2915, Major Resistance 3150.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
BAT bullish Continuation ?BAT bullish price action above support green trend line and EMA 21,50,100,200 periods. Next resistance level at 2950. Potential correction to 2400 sats level.
Volume Confirm bullish price action.
Indicators: Bullish crossover above zero line. RSI above 75 points. Bullish sing. Overbought level.
S/R Support green trend line at 2340, Major support 0.5 fibs level 2060. Major Resistance 3150, Resistance trend line 2950 sats.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Basic Attention Token (BAT) Let's add one more alt to the bucket of charts that look good for a long position...
Round bottom, New 60-day high, breakout above key S/R level, Strong weekly/daily momentum, Average volatility, decent Risk:Reward.
LONG BATUSD FIBO BULLISH PARABOLIC UPBATUSD has all indicators volume, bb, kc, fibo, + FCP forex (mechanical; check link below) --
forexwot.com
SHORT @ $0.20363 -- FIBO/PIVOT
STOP @ $0.15873
DISCLAIMER
NOT financial advise. Enjoy your weekend!
-@a1mtarabichi
P.S. Sorry for lack of publications lately; will update more frequently (a lot more) post mid quarter / mid-late OCT.
BAT-BTC : Next stepsHi everybody,
this can be easily sorted to Beyond Technical analysis category.
There is no philosophical background behind this idea, I just played with fibs time zones a little and all past tops pretty fits.
This may be just huge coincidence, but let indicators talk:
MACD: golden cross - bullish
MACD: histogram buy signal
STOCH : buy signal
(dotted lines/gray stripes are daily chart resistances)
Realize that this is 1W chart and If trend remains, next top by fib time zone would be at 02/2020.
This is not a financial advice, do your own research.
BAT Daily Chart Analysis 400%+ potential profitsAfter 138 days decline from april highs to septembers low BAT is ready to make some great move.
Ahead of us is the first serious resistance, the level of 0.786 fib 3235-3315 sat. Which is a horizontal stop for buyers, and when approaching it, you should partially fix your positions.
BATBTC has completed cypher pattern | Upto 287% profit expectedThe priceline of Basic Attention Token has formed a compete cypher pattern on two month chart.
Now the price action of this cryptocurrency has entered in potential reversal zone and hits at 0.00002019 sats strong support and ready to hit the sell targets insha Allah.
Volume profile is showing very low activity of traders here which is favoring the bullish move from here.
MACD on week chart turned weak bearish from strong bearish since after may 2019 and also first Heikinashi bullish candle appeared on week chart since after April 2019 as below:
The targets are:
Buy between: 0.00003593 to 0.00002019
Sell between: 0.00004839 to 0.00007820
Best of luck and regards,
Atif Akbar (moon333)
Basic Attentio Token BAT/BTC Bullish Divergence, Easy 20+%BAT is one of the Altcoins that has found its bottom and is looking to start its bullish run.
Short term, there is a Bullish Divergence between the price and the RSI. As it can be seen from the graph, the RSI keeps rising, while the price is hitting lower lows. This is a textbook Bullish Divergence and is a Bullish indicator on a shorter time frame.
On a longer time frame things are also looking very good for BAT/BTC.
As it can be seen from the picture above, we are at a critical strong support/resistance range for BAT/BTC. Weekly RSI is also oversold meaning that the sellers have been getting more and more exhausted. Recent volume spikes indicate a existing buying market
Considering everything that's been said, BAT should definitely go up to at least 0.00002700 on a shorter time frame, while on a longer time frames targets are 0.00003000, 0.00004000 and 0.00005000.
Is it the beginning of the end or the end of the beginning? #8Trading crypto has large potential rewards but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest or trade the financial markets.
PLEASE UNDERSTAND WELL THE SENTENCE BELOW!
Definitely not for everyone and there is tons of ways of playing this Crypto game but anything worth while takes some hard work! You have to ask yourself why you are here! My ultimate goal is making money in crypto. If I am not making enough money for the time I put in it, I am out!
About 90–95% of the traders / investors lose money on Crypto Market, especially beginners. This is a well-known and publicized statistic. And it’s true!
The reasons are manifold: greed, lack of Crypto education, no consistent Crypto strategy, follow wrong people without Do Your Own Research. Usually no more complicated than going to Las Vegas all excited with some cash in your pocket and little common sense or skill in your head! The casino wins. You lose. So why, when the odds seem against you, does Crypto still attract so many new investor every day?
Because most people trust in their good fortune and are willing to take the chance for fast profits. But the smart, experienced Crypto investor does not compare himself with a gambler nor a Las Vegas casino person. For the smart investor it’s an art, skill, and patience strategy!
The second ultimate goal is to help the crypto community , I want to share everything I’ve learned because knowledge is only power if passed on.
Let’s start it! All your trades should end in one of four ways: a small win, a big win, a small loss, or break even, but never a big loss. If you can get rid of big losses you have a great chance of eventually trading success.Too many people do not know how to apply money management techniques. They have no discipline, no plan. Many also overstay when the market goes against them , and wont limit their loses!
The key to trading success is emotional discipline. Making money has nothing to do with intelligence or luck. Never gamble if you do not know what you are doing!
7 GOLDEN CRYPTO TRADING RULES
1) Never over-trade
2) Don’t close trades without a good reason.
3) Your stake size should not be more than 2% of your capital on any single trade
4) Do not FOMO, but consider the effects of FUD
5) FOLLOW #cryptoengineering on Twitter - ( I am sharing great things there )
6) Don’t try to guess tops or bottoms. Let the market show you that it has genuinely made a top or bottom.
7) Never buy or sell just because the price is low or high
8) Risk Only What You Can Afford to Lose
Be in a profit at the end of the day! Dont forget The S&P averages 9% per year. In Crypto, So many people want to do 100% overnight and 500% in a week. If you only focus 5% CONSISTENT WEEKLY PROFIT, You will amaze with a result.
Guest Trader Series -1
Ed Seykota
“In order of importance to me are:
(1) the long-term trend,
(2) the current chart pattern, and
(3) picking a good spot to buy or sell. Those are the three primary components of my trading.”
Seykota converted a meager $5,000 investment into an unbelievable $15,000,000 in his client account. In the early 70s, he designed and standardized a commercial programmed trading system. He was the first one to emphasize the price action patterns and chart patterns in the trade market. Seykota’s success came from an intense focus on patterns.
TARGET? The charts speaks itself! I’m happy to answer any questions you’ve got! Just put them in the comments below here or under my twitter post.
DISCLAIMER : Do your own resource and make your own decisions about where to put your hard earned money. I am not a financial adviser and this is not financial advice and if I really need to tell you this then it’s best to keep your money under a mattress anyway because when you lose it you’ll only blame other people for your mistakes rather than yourself.