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Batlong

BAT/BTC UpdateSo my previous chart on BAT got invalidated due to lack of bearish momentum. So, i made a new analysis on BATBTC. - As we see here, BAT broke out of the channel and flipped it to support. - We can expect the price to go up to the 1.272-1.618 fibonacci extension. That would be our first take profit region. - If the price extends beyond that point we can look to tak our next profit at 2.24 extension. All of which is marked in the chart. Will update when required. Follow me for regular content on Crypto and Equity based charts. -Kautilya.K
Long
by kautilya_k
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.
BLong
by a1mtarabichi
1
BATUSDT formed bullish butterfly | Upto 35% move exptectedPreviously I have posted chart where the price action of Basic attention token formed a bullish shark pattern. And at that time the price action was moving in the potential reversal zone of this harmonic pattern. And at that time I was expecting up to 90% profit but the price action took a powerful bullish divergence and produced more than 102% profit. Another Harmonic Move Now this time the price action of Basic attention token has formed another bullish harmonic pattern and this time it is bullish Butterfly. And this is another awesome opportunity to earn more profit. This time the profit probability is up to 35%. Let's dig this pattern deeper to see how perfectly this pattern is driven: The first leg was started from 16th to 18th Feb 2020 and after that the next A to B leg is retraced between 0.618 to 0.786 Fibonacci levels, then B to C leg is moved up to the Fibonacci projection level between 0.382 to 0. 886 Fibonacci and that is the Fibonacci projection of A to B leg. Then C to D leg is retraced between 1.27 up to 1.618 Fibonacci levels and now the formation of bullish butterfly is completed here. At this time the priceline is entered in the buying zone and we can place our buying orders in this area. Buying And Sell Targets: The buying and sell targets according to harmonic Butterfly pattern should be: Buy between: $0.2205 to $0.1994 Sell between: $0.2340 to $0.2707 Stop Loss: The potential reversal zone area which is up to $0.1994 can be used as stop loss in case of complete candle sticks closes below this level. This idea is for short and mid term traders not a long term idea, I will be keep posting more trading ideas.
Long
by moon333
BAT / USDT. Potentially Forming a Dragon Pattern. BAT/USDT may be forming a Dragon Formation , provided that the price breaks the downtrend line (red line) and fixes above it. If the price cannot overcome the downtrend line, then the downtrend will start with the target zone being the local low. The points of observation are showed on the graph. ENTRANCE 1) Entrance on a breakthrough or pullback after breaking a trend resistance line (red resistance line). 2) Entry from the previous price lows when confirming support, if in this situation the price can not overcome the downtrend line. TARGET 1) If the price overcomes the trend resistance line and fixes above it, then the Dragon Formation will be confirmed. The entire length of the "Dragon's tail" is the target zone of this figure. The potential is from +19% (hump level) to +128% (head level). 2) If the price does not overcome the downtrend line, then after the downtrend, the entrance is from support (around. 0.145-0.15) the first target being the downtrend line. Stop Loss Under key support levels during your entry into the market. I learnt this formation from "SpartaBTC" so if it works out, he deserves the credit.
by TravelingAndTrading
BATUSDT found resistance |all indicators,patterns are bullishOn day chart the price action of Basic Attention Token (BAT) has found $0.1959 and resistance at $0.1487 this support of 0.1487 dollar was found 29 Aug 2019 when the price action took drop more than 29% upto $0.1326 but since then the priceline could not break down this support. Sofar this support has been found very firm therefore we can expect a breakout form here or more sideways move at this level for some more time. Indicators and Oscillators: Price action is hitting the upper band of Bollinger bands and the mouth of bollinger bands is expanding and moving up. Relative Strength Index (RSI) was oversold up till 18 Dec and now bullish. Moving average convergence divergence (MACD) is strong bullish. And if we see the Directional movement the +DI has crossed up -DI and ADX is above 29 level and giving strong bullish signals. On 12hr chart the Ichimoku cloud is turned bullish and lagging span of ichimoku cloud has crossed up the priceline and the price action has also crossed up the bearish cloud on the other hand the chop zone has also given strong bullish signals by turning bullish. Moving Averages: If we see the simple moving averages with time period of 25 50 100 and 200 the we have the same position as we had in Sep 2019 the order of moving averages was as: 25MA was below all then we had 50MA then 100MA and then 200 simple moving average was above all then on 3rd Nov 2019 a complete alligator mouth was opened which was formed with 25MA , 50MA and 100 simple moving average but 200MA was not able to be the part of this alligator mouth and the price action turned bullish and hit the $0.2784 which was the highest point since Sep 2019 to the date of writing. The moving averages are likely to make the same move and 25MA has crossed down the price action and pushed the candles sticks up now the price line has hit the 50MA and 50MA is likely to cross down the price action soon and this will also lead to the golden cross between 25MA and 50MA then a strong bullish divergence can push the price action more to cross up the 100SMA and then the price action will hit the 200SMA and if the price action will be able to cross up the 200 simple moving average then we can see a complete alligator opened mouth between all these simple moving averages and the price action can hit the second resistance level at $0.2695 and if this resistance level will be broken then a strong bull run can be observed. The Harmonic Move: In my previous predicted that Basic Attention Token has formed the Shark pattern and it will hit the projection area of 0.382 to 0.786 Fibonacci of C to D leg of this Shark pattern and below was the article: Now you can see sofar the price action has taken the bullish divergence form the potential reversal zone of this Shark pattern and entered in this projection zone as I predicted Alhamdulillah and sofar it has produced more than 25% gains this is a very positive signal but we need a breakout the 0.786 Fibonacci projection level in order to start a real bull run and as we have see above all signals from moving averages and indicators are turning bullish so it is really possible So guys be ready I hope this prediction will be full filled soon as my previous article however if you have any suggestion and ideas you can share in comments section with me. Thanks and Regards, Atif Akbar (moon333)
Long
by moon333
Bullish cypher and up channel can lead the BAT to $2After the drop since Nov 2019 the bear leg is completed coz this is the point where the Cypher pattern is completed and now we are in the potential reversal zone of this pattern. On 27 of Nov we had a very long bear spike which has hit the bottom of potential reversal zone but the power of Cypher did not let the priceline to breakdown this support. At this point we have four different supports whom did not let the price action move more down and now they are pushing the price action up. 1. Simple moving average with time period of 50 2. Bollinger bands support where the price action has hit after Sep 2019 3. The Ichimoku cloud support 4. And the most powerful support above all is the potential reversal support of bullish Cypher pattern The channel has been changed: Since April 2019 the priceline of Basic Attention Token was moving within a down channel but after hitting the lowest price $0.14660 in Sep 2019 now the priceline has changed its channel and now it is forming an up channel and at the moment the price action is getting bounced from the support of this channel. If we keep hold the token then this channel can lead the price action to $0.50 between 3 to 6 months, but crossing the 50 cents resistance can lead the price action to $2 before the end of 2020. However for short term trade we can buy within PRZ area of this bullish cypher pattern and sell between 0.382 to 0.786 Fibonacci projection of C to D leg of this Cypher pattern as below: Buy between: $0.21094 to $0.18625 Sell between: $0.23047 to $0.27724 Regards, Atif Akbar (moon333)
BLong
by moon333
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.
Long
by CryptoEngineering
11
BAT the most bullish looking alt coin out thereAs you can see we broke out of the weekly range and BAt had a nice reaction of the retest of it. That itself was THE perfect entry. You can see now it is testing another weekly level/orderblock i expect another leg up from here so i will be looking for longs around this area( i will post a lower timeframe chart for this shortly after this What is the target? honestly, this might be one that just goes crazy parabolic aka DASH/ethereum 2 years ago So i am not really looking for targets but like long term hold where i will take some profits on logic places and will be looking to add if it gives me the opportunity. I will for sure take maybe 30% profits at the 2.618 fib extension and see what price action is telling us for the rest. Will post the lower timeframe analyses in the comment section
Long
by Civel