BATBTC trade ideas
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.
BAT Reached Support Zone with Confluence on Volume ProfileHey all, here’s another entry on my tradingview series called 'Quick Updates'.
We can witness this nice confluence on the support zone by price, but also by volume profile. This is clearly a very important area for BAT. That's why this could be a very interesting LONG position using a standard support and resistance trade setup.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Basic Attention Token Ready (60% Target Mapped)Now we are looking at Basic Attention Token (BATBTC), on the request of one of our amazing supporters... Let's see what we have here, follow me!
We now have prices moving above EMA50 while...
Wait, let's start from the beginning.
BATBTC, the altcoin trading pair for Basic Attention Token vs Bitcoin, hit a low on 6-Sep. '19.
After this low, a 121% bullish wave took place that lastest 47 days (yellow arrow on the left).
Afterward, prices started to retrace and a higher low was hit on 23-March. This retrace lasted over 155 days.
And now we have prices moving above EMA50 while trading volume is going up.
The RSI is really strong at 60 and the MACD is now above the zero line.
If you look at the chart above, the second yellow arrow is what we are looking for.
Even though we have a bullish chart, remember that everything can change in a matter of days.
So, make sure to develop a strategy/plan before you decide to trade.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
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.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
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BAT/BTC Near Support level, +43% Possible.Hi all dear traders.
Push Like button if you enjoy this idea.
BINANCE:BATBTC price is near strong support level. wait for confirmation then buy at mentioned point.
if the price bounced from strong support buy else do nothing.
Reward ration is very good.
Inshallah we will reach all targets in 3 weeks.
Always do your own research.
Caution: The Above TA is valid in case of BTC stability. if BTC start to crash this idea is not valid and everything is possible!!!
$BAT. UCTS Buy signal on the 12H as it flipped ~2250 sats$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