Increased buying momentum on BATBTC RRR 1:2.5 potentialMorning! I noticed increased buying activity above low volume area. It created a sort of double bottom and is now attacking the 100MA level, where the POC also is. This level is most likely getting breached, so I am already in the position for 1:2.5 profit. It is a good idea to move the stop loss higher as we approach the low volume area where double top appeared two months ago. I recommend to put it slightly above POC.
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I am recording success rate of all my analysis in 2020. Here is how I am doing:
•A total potential reward of all my analysis is 5 out of which 2 was realized.
•The total risk of all my analysis (number of analysis) is 2 out of which 1 was realized.
•Trading based on my published analysis would equal to closing one RRR 2:1 position successfully.
•This excludes analysis on LINKBTC, which hasn't reached the target yet.
BATBTC trade ideas
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Look at the latest analysis update The illustrations are illustrative.
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Basic Attention Token Hits Important Support | Where To Next?Basic Attention Token (BATBTC) has now activated its 'important support' in the range between 0.00002200 and 0.00002290. This range marks the .618 Fib. retracement support relative to the bullish wave from Sept. to Oct. 2019.
Tracking how BATBTC interacts with this level can help us determine where prices are headed next.
If this 'important support' holds, meaning that prices remain trading above it, Basic Attention Token can easily grow.
But if instead this support is broken, the .786 Fib. retracement level becomes relevant, meaning that prices can easily move lower before deciding to either bounce or go even lower.
So instead of predicting what will happen, we take action based on what is happening.
I wouldn't trade here, I would wait longer or for stronger/better signals before jumping in... This is just my opinion, of course, do your own research before you trade.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
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It Is The Altcoins Turn | Boom Alts, Bust BTC
LONG - BAT - Trading OpportunityWith this sudden drop following BTC's pump, a huge bullish divergence has been formed on BINANCE:BATBTC , along with the MA200 working as a strong support on the 4h chart. Expecting a reversal soon.
Entry: 0.00002470
Target 1: 0.00002719
Target 2: 0.00002859
SL: 0.00002389
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$BAT, Showing UCTS Buy signals on the 1D & 2D charts$BAT
Showing UCTS Buy signals on the 1D & 2D charts. Comparing this signals to prior iterations, it grants some bullishness
Volume on prior iterations wasn't that good either
Crossing above EMA50 on the 2D
For better confirmation wait for a cross/flip at ~2970sats as entry
#BAT
BATBTC and riding the waveWhen you see a situation like this I almost buy every time it touches the lower trend line and then selling it in little increments to the upper bar.
Taking calculated risks can maximize your profit but make sure to stop in time whenever you are becoming uncomfortable!
Have a great day trading!
BAT bullish continuation or break of upwards channelBAT has had a nice little run, I don't think it's done yet but either way I think it will have one last go at holding above 7500. If it succeeds then price will stay in the upwards channel shown and another attack on 9000 is very likely. Invalidated if BAT fails to hold 6000 and closes into the cloud below 5800.
BAT - broke important resistance After breaking out of the 2650 satoshi range, it's now time to get a broader look at where it could possibly move to.
Let's put a long right now and see if we have the 2650 satoshi level as support if we break lower than stop loss would be located at ~2600 sats.
More over the next resistance levels are marked at with the upper red lines.
BAT bullishBAT is so bullish and so overbought. Made a huge progress in one and a half days. Now at 2640 resistance and the last one at 2700 is the strongest and should stop the growth. Certainly worth jumping in after pullback to ~2520 - 2460 is over. But now very risky. As I wrote, should pullback either from current resistance or from the next one.
Basic Attention Token Is looking Bullish | +40% Or Retrace?Basic Attention Token (BATBTC) is breaking EMA50 as I write this on high volume, signaling that the retrace is done.
On the chart above you can find the Fib. targets and support levels.
The 0.618 Fib. retracement support for the last bullish wave has been activated, a solid spot to complete a retrace and resume an uptrend.
If BATBTC goes lower, the light green area will work as support.
The RSI is looking really bullish while the MACD is starting to curve just now but displaying a bullish crossover.
The signals are clear, especially the high volume... Basic Attention Token is ready to move.
Thanks a lot for reading.
Namaste.
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Previous analysis: Basic Attention Token Gains Strength | 350%+ Another Winner (Sept. 20)
BAT/BTC TA Update (Bullish Bounce Off?)BAT/BTC
BAT bounces off right at the 0.618 golden Fib and currently fight the downward resistance coming from the previous Swing High at 3263 sats area. If BAT can break outside this trend-line,
I can see upside action up to the 3000 area before hitting another strong resistance. Priority is going Long and stop-loss below 2200 sats area.
BATBTC Breaking Out - Easy 5% -4H candle close above descending wedge
-RSI above moving average and working its way out of the bearish control zone
-Volume above moving average
-Stochastics pointing up and working their way out of the bearish control zone
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Entry: 0.00002275 - 0.00002295
TP 1/4: 2325
TP 2/4: 2349
TP 3/4: 2375
TP 4/4: 2242
Stop Loss: 0.00002230
Risk:Reward - 2.02
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This is not financial advice.