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BAT is at the bottom of its former channel Potential + 140% BAT is at the bottom of its former channel. The potential is up to the upper boundary of the horizontal channel + 140%. I have shown all the turning points and important support / resistance levels on the chart. The channel itself with a step of + 160% I’ve been trading it for more than a year. Inside the channel, we see the formation of a “Cup with a handle” reversal pattern, which at the moment has become a reversal pattern after a downtrend. Now rollback after growth of + 111% which I predicted in past trading ideas for this coin in updates Double bottom and entrance to the former accumulation channel. And the result after 1 month BAT There is a "Cup" Coin in the channel Option "Cup with handle The result is two days later. Impulse + 23% A total profit of 111%. All important areas if this pattern will work out I showed on the chart. The potential is from + 20% to + 111%. In more detail, I described everything on a large scale in this trading idea: BAT Cup with handle Pivot points from +20 to 111% Channel bottom A very important point (indicated in red) is the bottom of the horizontal channel. Breaking it and fixing under it will mean a bearish trend. _____________________________________________________________ Channel development potential + 140% The risk is minimal, as the price is almost at the bottom of the channel. The potential for working out the “Cup with Handle” figure itself is from + 20% to + 111%, depending on which scenario we will go. + 20% -to the resistance of the cup, if we do not break through, then the figure is not confirmed. + 48% - still local high + 111% - full working out of the figure’s potential, as in the book. Stop loss under the red zone. The lower boundary of the global horizontal channel. Or depending on the trading strategy that you use ______________________________________________________________ It does not matter if you are right or wrong. The only important thing is how much money you earn when you're right, and how much money you lose when you're wrong. George Soros.
B
by SpartaBTC
7
BAT Cup with handle Pivot points from +20 to 111% Channel bottom BAT Figure "Cup with handle." Now "handle" is being drawn. Pivot points on which the confirmation of the figure depends, I depicted on the chart. After this growth, the coin is now at the very bottom of the previous horizontal channel. Very important red zone. This is the lower boundary of the channel. The movement of the coin for several months depends on this zone. Either the coin will go on a bullish path and will be traded in a horizontal channel with a step of + 160% as before , or it will go on a bearish path. I adhere to the first option more. The development potential of the “Cup with Handle” figure itself is from + 20% to + 111%. + 20% - until the resistance of the "cup", if we do not break through, then the formation is not confirmed. + 48% - previous local high + 111% - full development of the figure’s potential, as in a book. Stop loss - under the red zone. The lower boundary of the global horizontal channel. _____________________________________ The "Cup with handle" ("Mug") figure is a figure of the continuation of the trend. It is very reminiscent of the Saucer reversal pattern, but without the handle. One of the main features of this figure is that it is a continuation figure precisely on an uptrend. There is also a variant of this figure in mirror image on a downtrend: "Inverted cup with a handle." The name of the figure was due to the external similarity with the shape of the cup. The "Cup with handle" figure (Mug) consists of two parts: 1) Bowls. 2) handle. ____________________________________ The stages of the formation of the figure and the Take Profit     1) The very first condition for the formation of this figure model is an uptrend. How is it a pattern of continuing the uptrend. Ideally, the trend should be strong enough and long enough, but not too "old". Otherwise, the potential for further growth and confirmation of the figure is sharply reduced.     2) "Bowl" - should have a smooth concave bottom. In an ideal "Cup with a handle" ("Mug"), the maximums of the glass (edges on the sides) will be at the same level (general resistance), but this is not a requirement. But, the more "ideal" the form of the "Bowl", the stronger the signal. More rounded shape of the figure "guarantee" a fairly good consolidation and is a more reliable sign with strong levels of support and resistance.     3) After the formation of the "Bowl", the second obligatory component of the figure is formed - this is the "handle". After the maximum is formed on the right side of the "Cup", a small rollback occurs, which is formed to the right of it and which forms the "Handle". It may look different and take different shapes and shapes: flag, pennant, triangle ... Also, these shapes meet with the “Pen” without tilt, but with horizontal movement. Usually, the handle in height does not occupy more than 1/3 of the height of the glass.    It is believed that the smaller the “handle”, the stronger the breakthrough and further movement will be. The edges of the handle are approximately flush with the edges of the glass, which once again confirms the resistance of the figure. "handle" is the last step before the final formation of the figure and the subsequent breakthrough of resistance. The breakout level of the figure is located at the level of the edges of the "cup" or slightly lower if the "Handle" is tilted down (at the level of resistance of the "Handle").     4) The timeframe is of great importance. The longer the formation takes, the more reliable the signal is considered. The larger the time frame, the more reliable the signal.     5) As a rule, at the bottom of the "Cup" the volumes have a minimum value. Then, the volume indicators during the formation of the second part of the "Cup" should gradually increase. On the rollback, prices during the formation of the "Handle" should go down. At the breakout of the resistance of the "Handle" have a maximum value. When the resistance of the figure breaks through.     6) The goal of working out the figure is the distance between the minimum and maximum of the figure (resistance). Overlaid is the distance from the resistance breakout zone. But when setting goals, you need to consider global and local levels. They greatly depend on how the goals in the figure work out.
BLong
by SpartaBTC
6
Alt Coins - Binance Margin Trading Pairs Live ~ IOST, VETGreat news! Our enTHUZed TradingView channel has been selected to take part in beta testing for the next video feature - live video streaming on TradingView. This feature will allow us to broadcast in real time and the audience will be able to engage live via chat. Think of it as Twitch for traders. I am told we will be one of the first channels going live next week!! I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
by enTHUZed
BAT There is a "Cup" Coin in the channel Option "Cup with handleAfter the breakdown of the horizontal channel, the figure "double bottom" appeared on the chart of the coin. This was in the previous trading idea for this coin in the update. Profit amounted to + 76% The situation is now. At the moment, we have the shape of a cup (saucer, rounded bottom) which, at the 4th stage (breaking through the resistance of the "bowl"), can go up to the indicated resistance. Another option - a downward channel can be drawn, which will act as the "Handle" of the "Cup with handle" figure . It is very important that if we follow the second scenario, the red zone is important, which will act as a support for the global channel. Roughly speaking, a successful retest of it will give a signal in growth over the entire width of the channel, and this is + 160%. But if support breaks through, then in the near future it will be better to forget about trading this coin. This is a very unlikely scenario. But this must always be remembered. At the expense of the coin, the coin is very strong fundamentally , this is one of those coins that I constantly trade and increase my position. I’ve been trading for almost a year and a half BAT. For example, this trading idea for trading BAT / BTC in a horizontal channel for November 2018. I showed all three options on the chart. The most likely is the "Cup with handle." ______________________________________ A bit about the figures on the charts Saucer shape (Bowl, Rounded bottom). The Saucer shape, or as it is often called the Chalice, the Rounded bottom is a long-term figure that predicts long-term growth that looks like a concave arc. The figure is found on large timeframes. In most cases, on weeks, but on instruments that quickly go through their cycle (cryptocurrency), they can occur on a daily timeframe. The rounded bottom is quite rare, but very reliable bullish pattern. Typically, a pattern is formed at the end of a long-term “bearish trend” and usually gives a signal of a market reversal. It should be noted that the ideal symmetry of the figure is not a prerequisite. The main thing is the presence of its key components: the descent of the price, the bottom, the rise in price and the breaking of resistance. Ideally, the formation of the “Saucer” pattern usually occurs in a narrow price range, in a calm market with the least volatility, when a trend reversal occurs smoothly, without strong price spikes. If, however, price spikes occur, then very soon the price will return to its usual range. The figure signals the long-term nature of the formation of a trend movement. The longer the figure forms in time, the stronger the signal is considered. The most reliable are the figures formed on weekly charts for at least several months. The older the time frame, the more reliable the signal. The rounded bottom is a long-term figure, and can stretch on the chart for a long period. _________________________________________ Stages of the formation of the figure. The Saucer figure consists of the following steps: 1) The descent of the price is the first phase of the figure. Price fall trend with a gradual slowdown. In the classical case, it should be a smooth arc, but in practice its shape can be flat or contain, on the contrary, correction minima and maxima. The main condition in this case is the gradually decelerating pace of price reduction. 2) The bottom is the lowest point of prices. It is the geometric center of the figure. It should be located on a gentle bottom (smooth bottom, without peaks). Although sometimes such a formation as the "Thorn" down or closed squeezes comes across at the bottom. The main thing is that these local formations do not violate the overall picture of the figure and movement in the global. If the lower point of the price forms the so-called platform on the chart, then the trading volumes gradually decrease, and at the moment of the price jump up sharply increase. Another surge in prices may be a signal to buy if the maximum of current prices is higher than the previous maximum. 3) Ascent of the price - after the minimum follows the ascent, which should ideally be symmetrical to the descent, and should last as long as the first phase (the descent of the price). There is a tendency to increase prices with a gradual acceleration. 4) The intersection of the resistance formed by the upper boundary of the whole figure (passes through the maximum point of the figure at the beginning of the period of its formation) is an additional confirmation of the rounded bottom and the final phase of the formation of the figure. After breaking through and fixing the price, the resistance level turns into a support level. When crossing the resistance, the volume rises as a rule. ______________________________________ The figure "Cup with handle" (Mug). The "Cup with handle" ("Mug") figure is a figure of the continuation of the trend. It is very reminiscent of the Saucer reversal pattern, but without the handle. One of the main features of this figure is that it is a continuation figure precisely on an uptrend. The figure got its interesting name because of the external similarity with the shape of the cup. The "Cup with handle" figure (Mug) consists of two parts: 1) Bowls. 2) Pens. This pattern appears on an uptrend. A pattern begins to form when a bottom forms in a concave arc on an uptrend. This is the first part of the figure - "Bowl". Upon completion, another bottom is formed, much smaller than the first. The edges of the "Bowl" and "Handle" are at approximately the same level (form resistance). Upon completion of the formation of the "Handle", the price breaks the resistance line from the bottom up and the figure is successfully confirmed. ________________________________________ Shape shaping and volume change. As a rule, the volume at the bottom of the "Cup" has a minimum value. "Cups" should gradually increase. The prices of pens should be reduced during formation. On the breakthrough of resistance, “Pens” are of high importance. When the resistance of the figure breaks through. _________________________________________ You need not only to know the rules of technical analysis, but also to understand what and how and why it works. All successful bidding.
BLong
by SpartaBTC
6
BAT - Looking Sexy - 25% Gain Target AheadLooking at BAT's daily chart, it is looking very bullish. It has a bullish MACD and bullish RSI as it is approaching a key level of significance. This area around .000024 acted a strong support level all throughout the bear market until it was broken in August. Since then, BAT formed a inverse head and shoulders pattern which shot the price back up to this key level. With all the bullishness in the chart, I see no reason why the price cannot hit out .00003 target if it can break resistance at .000024. Look at the price action each time the MACD has crossed over the zero line. It is almost always a strong buy signal. But it will need some serious volume to get passed this resistance area. Have your buy orders ready on a strong break out. This has the potential to be a very nice quick gain. Did my idea help you make a successful trade? Donations are always welcome and much appreciated! BTC : 136dZZ2XyUirYUX1nUXwrU6sGgaBNPiFnU ETH : 0x2fda8b3ebf9f03078d2e4657ebca5c41ed020bf6 XRP : rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy Tag: 395032582
Long
by jpbrown1023
1
Bitcoin Cash Price Analysis BCH / USD: Looking For The BottomBitcoin Cash is consolidating around its current monthly trading low after the cryptocurrency suffered losses of around twenty percent, following the heavy early week decline in the cryptocurrency market. The BCH / USD pair is now trading at its weakest level since April 2nd this year, with price probing a long-term trendline which could determine its fate going forward. Technical analysis suggests if price drops beneath the trendline, the cryptocurrency could tumble a further twenty percent. The trendline in question has been in play since December 2018, with the BCH / USD pair remaining above the key trendline on the daily time frame ever since. Bitcoin Cash has seen a steady medium-term recovery while trading above the trendline, with the cryptocurrency peaking just above the $500.00 level this year. The bearish breakout point is located around the $215.00 level and will be watched closely by traders over the coming sessions. A bounce from this key technical area will be encouraging for traders that are medium to long-term bullish towards Bitcoin Cash. In the near-term, the recent decline in the BCH / USD pair has created significant amounts of bullish MACD price divergence on the one-hour time frame, which is a possible sign that a strong recovery in the cryptocurrency may be forthcoming. The bullish MACD price divergence extends all-the-way towards the $290.00 level, which could be unwound if buyers can breakout above the most recent swing-high, around the $244.00 level. Bullish MACD price divergence is also present from current levels to the $255.00 level. With the cryptocurrency market in full-on bear mode, a near-term recovery back the $255.00 level may be the more realistic scenario for the BCH / USD pair. Sentiment According to the latest sentiment data from TheTIE.io, the short-term sentiment towards Bitcoin Cash is bearish, at 36.00 %, while the overall long-term sentiment towards the cryptocurrency is bullish, at 61.00%. BCH / USD Daily Chart by TradingView Upside Potential The one-hour time frame highlights the 50-period period moving average as the key upcoming resistance, around the $244.00 level. The next highest resistance level is $255.00. The daily time frame highlights the $300.00 level as key, with bulls needing to mount a strong double-digit upside rally to reclaim the BCH / USD pair’s short-term bullish status. Downside Potential The downside is currently dominated by the previously mentioned long-term trendline, around the $215.00 level. Below this level the BCH / USD pair could quickly tumble towards the $200.00 level. The daily time frame is currently showing that once below the $200.00 level, then the April 2nd trading low, around the $165.00 level, offers the strongest form of technical support. Summary Bitcoin Cash needs to stage a strong double-digit rally from current levels or it may suffer another round of heavy technical selling over the coming sessions. The recently created bullish MACD price divergence suggests that the BCH / USD pair will eventually recover back towards the $290.00 resistance area.
COINBASE:BCHUSDLong
by CryptoBriefingTA
Basic Attention Token Price Analysis BAT / USD: VulnerableBasic Attention Token is back under downside pressure as the broader cryptocurrency market slides lower, leaving the BAT / USD pair in a vulnerable technical position. The cryptocurrency staged a powerful upside rally over the weekend, gaining around thirty percent in value from its September trading low. The latest sell-off in the cryptocurrency market has notably affected the BAT / USD pair, helping to erode around eighteen percent of its value from its monthly price peak and placing it in a undesirable technical position. Going forward, medium-term technicals for the cryptocurrency certainly suggest that the BAT / USD pair could still encounter another round of heavy selling unless a sustained rally is enabled above its current monthly price high. The daily time frame shows that the current monthly high is important as it the upper end of a large falling wedge pattern. The falling wedge pattern is characterized as a bullish reversal pattern with triple-digit upside potential, if a substantial upside breakout were to occur. At present, no meaningful technical breakout has been sustained on the lower timeframes to suggests that the BAT / USD pair could stage such a breakout. In fact, price still trades below important moving averages on the four-hour time frame. Worryingly for BAT / USD bulls is the negative MACD price divergence, which has been in place since February this year. The bearish MACD divergence is still very much in play and could see the cryptocurrency suffer losses of around thirty percent from current trading levels if it is unwound. From a technical perspective a break below the current monthly trading low should encourage a sell-off towards the February trading low. Interestingly, the bottom-end of the falling wedge pattern is also located extremely close to the end of the bearish MACD price divergence, leaving sellers with a distinct downside target. According to the latest sentiment data from TheTIE.io, the short-term sentiment towards Basic Attention Token is bullish, at 60.00 %, while the overall long-term sentiment towards the cryptocurrency is neutral, at 55.00%. BAT / USD Daily Chart by TradingView Upside Potential The four-hour time frame highlights yesterday’s swing -high as the most important technical resistance area, prior to the BAT / USD pair’s current monthly trading high. A potential inverted head and shoulders pattern could form if a rally ensues above the current monthly trading high. The daily time frame highlights the 50-day as a key technical area where bulls need to gain strength to encourage additional buying interest. At present, a breakout above the falling wedge pattern on the daily time frame is likely to prompt a major test of the cryptocurrencies 200-day moving average. Downside Potential The four-hour time frame is showing that the BAT / USD pair is testing towards its 200-period moving averages, leaving the September 18th swing-low as the strongest form of near-term support below. The daily time frame is showing the current monthly trading low as the major technical support region. Below this area, the bottom of the falling wedge pattern offers the strong form of technical support. Summary Basic Attention Token has shed over half of its recent trading gains, placing it in a vulnerable technical position going forward. If bulls fail to move the cryptocurrency back above the current monthly trading high, sellers could force the cryptocurrency back towards levels not seen since February this year.
BINANCE:BATUSDShort
by CryptoBriefingTA
Basic Attention Token Price Analysis BAT / USD: Pressed DownBasic Attention Token is still showing few signs of recovery as the cryptocurrency languishes towards its lowest trading level since March this year. Several technical indicators and price patterns are suggesting that the BAT / USD pair has further room to run lower and is not yet oversold. The BAT / USD pair peaked on April 21st this year, with the popular crypto’s losses accelerating during early June. At current trading levels, the BAT / USD pair has lost over sixty-five percent of its value since from its yearly trading high, and trades around forty percent higher from the start of the year. Looking ahead, technical analysis suggests that the cryptocurrency still has further to fall before it may start to begin a meaningful reversal. Firstly, the four-hour time frame shows a valid head and shoulders pattern, with the pattern holding a downside projection that would take the BAT / USD pair towards the $0.110000 level. The daily time frame also projects further losses for the BAT / USD pair, with three obvious negative developments happening on this time frame. Firstly, a bearish death-cross is underway, while a bearish channel breakout is also in progress. The mentioned time frame also shows negative MACD price divergence that extends down towards the $0.150000 level. The RSI indicator on the daily time frame also shows that the cryptocurrency is not yet oversold, despite suffering four-straight months of declines. According to the latest sentiment data from TheTIE.io, the short-term sentiment towards Basic Attention Token is positive, at 63.00 %, while the overall long-term sentiment towards the cryptocurrency matches the daily sentiment, at 63.00%. BAT / USD Daily Chart by TradingView Upside Potential The four-hour time frame is showing that the BAT / USD pair needs to break above the 0.208000 level to negate the bearish head and shoulders pattern on the mentioned time frame. The 0.270000 level is the foremost resistance area if a bullish breakout does occur. The daily time frame mirrors the four-hour time frame in terms of key technical levels, with key trendline resistance at the 0.208000 level, while the BAT / USD pair’s 200-day moving average is located at the 0.270000 level. Downside Potential The head and shoulders pattern on the four-hour time frame dominates the technicals on the lower time frames, with the 0.168000 level the neckline and breakout point for the bearish pattern. The daily time frame currently shows a bearish death-cross unfolding, with the 50-day moving average crossing over the 200-day moving average. The negative MACD price divergence extends down towards the 0.150000 level. Summary The short-term technicals for Basic Attention Token suggest a move towards at least the $0.150000 level, while medium-term analysis is even more bearish, and points to a drop towards the $0.110000 level. Overall, the BAT / USD pair shows few signs of making a sustainable recovery, heightening the chances of further downside for the cryptocurrency.
BINANCE:BATUSDShort
by CryptoBriefingTA