Very interesting bullish SHARK pattern on BATBCBAT completed bullish Shark pattern. The Potential Reversal Zone consist of XA projection at 1.13 and BC projection at 1.618. Currently Price Action testing at the second time the bottom and there is potential double bottom forming. Key resistance zone before touch of Point Of Controll at 4205 sats. is between 2948 and 3163 sats.
It can be now perfect opportunity for trade execution. Buy some BAT, place stoploss below the green support and watch the Price Action carefully when it hit the key resistance zone - there can be first target, but it has much bigger potential when bulls break-out this resistance. Other target zones are on the chart.
Good luck!
BATBTC trade ideas
Waiting to see if $BAT is able to cross & flip 3k sats level...Waiting to see if $BAT is able to cross & flip 3k sats level as the first signs of a reversal from here.
Double bottom pattern completed on support, There is enough room between areas to a big movement
UCTS showing a buy signal on the 6H charts already..
Set alerts & wait
#BAT
BATBTC - Targets for next/this (current) rally.Hi all,
BATBTC has just switched over to green on the weekly, strong uptrend in progress, multiple targets on chart.
All the best, Mantrid.
BAT: More Downside Before a BounceNot too much to say here....
BAT failed to hold the long-term trend line and now it's currently in free fall due to BTC pumping. Heading towards last known strong support area of 2300 sats. I expect a reversal here, or, depending on what BTC does, might simply get a bounce before continuing all the way down to 1000. Alts are not strong at the moment...
Shouldn't need to be said, but obviously this is not financial advice. It's for my own personal idea catalogue. I'll either pat myself on the back later or laugh at myself. Good times either way.
BAT setting up for a mid term run!BINANCE:BATBTC
BAT getting closer to the lower trendline. I'm expecting (or hoping) for a bounce at the green box which is shown in the chart. That zone is confluent with horizontal, hirstorical support and the lower trendline which has held since december 2017. The RSI is moving towards oversold after breaking the bullish divergence.This indicates that the market wasn't strong enough for a bounce yet. Anyway, the RSI being in the oversold area makes room for positive price action. I do strongly advice using a SL at the shown level. Since BTC is running, alts are at her mercy and can only hope they don't turn into dumpster juice.
BAT huge swing trade or long term position opportunityBAT experienced a huge breakout earlier this year, only to retest and fail at the top level of 18 month resistance turned support. BAT has been battering peak breakout buyers since its ICO, while also enabling tremendous opportunity for accumulation. Fundamental development has great outpaced the market and price action. Looking towards a longer timeframe, I believe the volatility of BTC vs USD price action will enable further swing trade opportunities for BAT, eventually leading to a massive breakout vs BTC in 2020. Fundamentally, the subsequent market cap of BAT will be easily defended by speculators and supporters alike as Brave / BAT makes a measurable impact on the broken multi billion dollar online ad industry. Coinbase volume will be significant particularly at the start of the next bull market, especially with the recent developments with Binance for US customers. BAT has a first mover advantage among many other alts, most of which have little chance of being listed on a regulated exchange as it is.