BATBTC trade ideas
BAT Head and Shoulder Trading SetupWait for Weekly Close above the head and Shoulder if close above.
We will Buy the retest of this zone.
BATBTC breaking outHi all,
BAT is breaking out now just as expected. The reversal to the upside was in the making ever after we surpassed the diagonal resistance. Now the BATBTC pair is going after our next target as marked on the chart. I would take out some profit once reached as a pullback is to be expected.
Cheers,
BAT (DAILY) LOOKING RDY FOR NEXT BREAKOUT / DYOR!!! (TRADE#2)I have decided to chart breakouts of coins I hold for practice, maybe by watching you will learn something too. Please like if you find this entertaining or helpful. Without further ado lets dive in...
BAT/BTC Wyckoff distribution Bat is currently sitting in a big range, accumulating.
The upper resistance is given by the Fib retracement since ATH (0.382 FIB).
BAT is showing the same pattern as ADA before starting the massive bull run.
This is usually a boring period with up and downs of around 5-10%.
One can start accumulating in this area, or the other way is trading the breakout of that FIB retracement.
This is just an educational post, do your own research before investing.
BATBTCBATBTC
Purchase in the area of 0.00002885 - 0.00002278
Goals in the area of 0.00003875 - 0.0000528
Breakdown of 0.00002072, the price may fall below
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Waiting for your comment, what do you think about this?
BATBTC bullishBATBTC looks set to go on a run from here, nice push then pull back to the 50 fibs, should move up from here or have a small pull back to 61.8 fibs first. Watch closely.
BAT - Basic attention token looking ready to launchHi all,
BAT is looking quite interesting now against BTC. The pair I'm looking at is on Binance.
As you can see on the daily chart, the coin is now on critical horizontal resistance, which if surpassed will open the door for the next stage to the last reached high from February.
The downside reversal was exhausted after BAT found stability at a previously solid horizontal support line (red line), so today it breaks out of the downtrend.
Let's see how the current setup evolves and good luck in trading.
Cheers,
BATBTC, Another pair to watch...Either of areas are good entries, you can buy if it drops to lower support area (avg. 2200 SATs) or buy after breaking out of resistance area (avg. 3300 SATs).
I see two major targets for it as shown on the chart.
BATBTC Trade Setup | Trend Reversal | Hidden Bullish Divergence Today's chart - BATBTC – Consolidating at key support; a successful re-test validates technical targets above.
Points to consider:
- Trend Reversal
- 21 EMA visual guide
- Hidden bullish divergence
- Stochastics oversold
- Low Volume
BATBTC testing trend support after a strong bull move into daily resistance, price respecting support level will form a higher low on the chart, indicating a trend reversal and will allow for trend continuation.
The 21 EMA will assist as a visual guide, price breaking and trading above the EMA is a confirmation of strong trend continuation.
Although trading below 50, the RSI confirms a hidden bullish divergence: price has made a higher low whilst the RSI has made a lower low, indicating a strong market accumulation. This also allows for ample space before the oscillator reaches overbought conditions as price breaks bullish.
Stochastics are also overextended, although they may remain there for some time, momentum has been stored to the upside.
Volume has been tapering off, indicative of an influx being imminent, likely to coincide with a break in either direction.
Overall, in my opinion, BATBTC needs to hold trend support and break above the 21 EMA to validate a conservative entry for a long trade to technical targets above.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
BAT/BTC: Weekly Chart Wedge Breakout+ Price broke and held out of Wedge Pattern
+ Change in Market Structure ie. HL + HH
+ Price holding on 38.2 f fib level (bullish behavior)
+ Price broke up from Centre Bollinger Band
+ Price currently "Trading The Range"
BAT retracement completePlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support.
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- BAT is in bullish territory and continues to set higher highs and higher lows.
- Volume is relatively consistent.
- Touching a 4H-support level (yellow line), which might be a good entry
Possible entries:
- 0.382 FIB level = yellow support
- 0.5 FIB = daily support (around 2650 sats)
Targets:
- Previous high @ 3015 sats
- Weekly resistance @ 3181
No financial advice.
BAT - Could be making its own runMacro is a bit choppy, but BAT looks to be breaking through on its own momo
If this is where you got excited I would say you do it wrong.Hello everyone,
If you´re getting excited about BAT these days and considering a buy then I would be very carefull.
This run could be just start of bull cycle in altcoins as altcycle is possibly starting as seen in chart below.
But for now indicators showing toppy conditions and buying here is very risky.
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature
and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment
professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for
entertainment purposes only.
