BATBTC trade ideas
Basic Attention Token: Intraday Timeframe Chart PatternsConclusion for today’s Basic attention token analysis: The current downtrend in BATBTC is expected to target the bottom of the bearish channel at ~0.00002412.
Price action for Basic Attention Token (BATBTC) is presented today on a log scale using a 6 hour timeframe candlestick chart. Coverage of market action is from the downward spike on February 01, 2019 to current date.
During the duration mentioned above, the overall trend (or price swing in this case) did move from up to down. The uptrend is highlighted using a rising wedge (diagonal) that was confirmed on the May 04, 2019 when price closed below the bottom boundary of the pattern.
Also shown on the chart is the current bear channel that is active and helps provide context for the ongoing downtrend. Key price level to watch in BATBTC is between 0.00004420 and 0.00004002 as any retracement in the downtrend could possibly target the region prior to continuation of the downtrend.
The trajectory that is expected for price action is therefore indicated with the bottom of the channel at ~0.00002412 provided as a target to take profit on any short (sell) order(s).
BAT juicySimple TA on Basic Attention Token (BAT)
No complex TA, just plain vanilla.
Looking at the longer term support trend, we see BAT testing this support with an increasing divergence on the RSI. The likelihood of BAT pivoting at this point is not clear yet, as it is still too early to tell.
Regardless, I'd say this is a good RR ratio with a tight stop loss.
Targeting conservative profits to be booked in at the 23% fib puts this at 5000sats or 35% ROI.
If this indeed results in a full blow reversal, track chart patterns closely to book in staged profits.
Bat 1 day 6/14/2019BAT is looking grim. With that being said its on its way to the key support where it tends to bounce back up. 2300 sats (aprox.) is where I suspect BAT will take a bounce. It may not dip that far, or it may dip even more, but this 2300 SATS is what I would be looking at. Possibly set a buy a bit above that so you can get close to the bottom? That is what I would do. This isnt financial advice.
BAT / BTC - change of direction on the horizonHello,
Basic Attention Token is closing to breaking up.
Reasons why I think so :
We are approaching the main line of the upward trend (green line)
We are approaching fibroid fibers 0.786 (measured since 11.09.2018) and 0.618 (measured since 16.11.0217)
The wedge formation narrows, approaching the main support
Psychology of the market cycle :
Free FB group for cryptos : www.facebook.com
Greeting
PK
BAT (basic attention token) AT Support can bounce BATBTC (basic attention token is now at support)
this coin is on Support and can pump any time.
for long term holder this is really good time to invest
Small investor can also buy for 5 to 10 % in short time
STOP LOSS : superb proejct for long term holder #hold this coin
short term trader watch short time frame buy after breakout 4250 with sl 4%
Mr BAt ready to go bat is acumulating at a great level consolidation over
out the drop zone
trying to break out from the zone
4500 will mark breakout once get crossed
buy zone at 4100 4000
targets
4500 5100 6000 7000 7800
sl must be placed under
3900 level
low risk trade
rsi ma good
sell presure low
everything indicated a break out
momentum picking up
BAT/BTC! Falling Wedge nearing end!BAT/BTC!
Day Chart Pattern: Falling Wedge
Weekly Trend: Upsloping (White) Trend Line
Possible trend: Bullish
Divergence: Bullish Divergence on Day and
Weekly Chart
Candlestick Pattern: Morning Doji Star
(Weekly chart)
Volume: Low
Time Frame: Day Chart
My Targets: Probability can change.
Reward to Risk: 3/1
Possible Entry: What I'm looking for:
.00004147 - .00004300
Resistance needed broken with candle close
.00004400 to continue to next target!
Targets Can exceed or not meet expectation
1 .00004343
2 .00004400
2 .00004573
3 .00004873
4 .00005226
Stop Loss: Base on a Daily Candle Close.
1 .00004064
2 .00003867 next target if first stop
loss support broken with a candle
close
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.