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Basic Attention Token / Bitcoin

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BATBTC trade ideas

BAT/BTC STRONG SIGNALS OF TOP REVERSAL!Hey everyone, today I'm going to make my analysis on BAT and explain my point of view, so let's begin! When we climbed, we were reaching a previous resistance (the bearish engulfing bar at 2 march 12-16h), if we watch closely, we had a long legged doji, which usually signals a top(depending on where its formed) (it's a bit subjective, may not be a doji, but the idea still maintains) , formed also a bearish harami, and now it's forming a bearish engulfing bar or a bearish harami, in the same area of resistance. From the candle of 8 march 4h, we can also conclude, that based on the close (broke through resistance and closed below it) , which is also a bearish signal. Strong signals that the market is turning. According to my Fibonacci Analysis, I'm expecting a drop to the golden pocket (between 61.8 and 65) (4646-4670) which will serve as a temporary support, and will probably pump from there to 4924 (38.2 fib resistance , this is just a supposition if it indeed does pump in this temporary support). If you guys watch closely, that fib of the short trade, has the 1.272 target right in my buy zone, which is an area where multiple fibonacci levels almost interlap, making this zone really powerful. This buy zone consist of 1 golden pocket, a 78.6 fib support level, and the 1.272 possible target (if the pump above occurs). Buy zone: 4440-4486 When is the trade ready? 1) If now it forms the bearish engulfing bar or a bearish harami. 2) If it doesn't go above 5125. You know what they say: If the public is very bullish, it means institutional are selling! Be prepared. If you want to share your ideas , comment down below and like if you enjoyed this analysis. Disclaimer: I'm not a financial adviser , i'm not responsible for any losses due to following my chart analysis!
Short
by Vasques
Is BAT About to Go Parabolic? Or Still Just Ranging?It's time for an update on BAT! If you've been following my posts, you'll see that I somehow managed to perfectly time the beginning of the recent BAT surge. This was a purely technical breakout, and I'd been watching this one for a while. So far, we've held above the blue triangle resistance fairly well, and we have closed our first weekly candle above it EVER! This is a very strong buy signal. I wouldn't be surprised if we broke out of the second triangle (in orange) and headed straight up towards 7000 and then onto 10000, which is a major long term resistance. That level is where BAT was initially dumped when it came on the market (you can see for yourself in this chart). From there, BAT would explore a new trading range and finally look bullish against Bitcoin. If BAT breaks above 10000, it will likely go parabolic. BATBTC has been ranging for a very long time, but we recently made a higher low, and have closed a weekly candle above a MAJOR long term resistance. This is significant. Of course, this idea will be invalidated if we break back into the blue triangle. That wouldn't be good. For now, there's no reason to assume this will break back down there, so my bias is up. I did enter a short term trade last week (bought near 3800 and sold at 5000), but I do anticipate this to go much higher. I'm diversified enough at the moment and am happy with my porfolio, so I may sit this one out, even if it does break out, but we'll see how I'm feeling : ) That said, the buy setup I'd be looking at is as follows: BUY now, with a stop loss below the blue triangle BUY upon the break of the orange triangle - currenly between 5500 and 5600. TARGETS: 7000 10000 ?????? This is not financial advice, and I'm not a professional. This is my hobby, and I love analyzing this market. This is for educational purposes only. -Victor Cobra
Long
by VictorCobra
EW ANALYSIS: BATBTC Ready To Jump?!Hello traders! Today we will talk about Basic Attention Token against the BTC. (BATBTC) Well, cryptocurrencies look more and more interesting in 2019 after that long and big correction in 2018. So, one of those cryptocurrencies which can be showing a clear pattern and some nice bullish evidences is BATBTC. What we see is a completed big (A)-(B)-(C) correction from January till September in 2018, from where we can clearly see a five-wave rally into the first wave of a bullish cycle till November of 2018, where price dropped again in an A-B-C correction of a lower degree. And, as you can see, in February of 2019, we have seen a nice bounce, exactly from important 78,6% Fibonacci retracement and 0.000030 psychological support level. We believe that BATBTC has formed a nice bullish setup here that can be pushed into an explosive third wave towards 0.000093 - 0.00011 area! But, to confirm our wave count, we need a break above 0.000060 bullish confirmation level before it drops back below 0.000030 invalidation level! Trade well! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
1
BAT - Possible Breakout Opportunity It's been a while since I posted a BATBTC chart, but here we are. I've been pretty neutral on this pairing for a while, and I don't hold a position at this time. However, I want to post this, as I see a pretty big trading opportunity soon. Unlike some other coins, BAT has actually NEVER been bullish against Bitcoin. It was dumped immediately when it came on the market, and has been in a symmetrical triangle ever since, which often would indicate further downside. However, I think sentiment is generally positive for BAT, so I think this is more likely to break out to the upside once the market confirms its reversal. We are inching closer and closer to the long term triangle resistance. If it's broken, I wouldn't be surprised to see a MASSIVE spike in price and volume. Of course, the triangle can break down if there is a sudden loss of confidence in the market, but this is a LONG setup. Potential BUY setup: If triangle is broken. TARGETS: Next triangle resistance (green X), in the 5500 area. 6000+ if that breaks. This is not financial advice. This is a potential setup I'm seeing, and I'm just curious to see if it plays out. I don't hold BAT at this time. -Victor Cobra
Long
by VictorCobra
3
Watching BATBTC Value Area Low for a Potential Reversal12hour Bearish TK Cross, but its above the cloud so its a weak cross, but because price is below all lines and the cloud it is quite bearish. 3hour Red Cloud resistance ahead of price. We are starting to see a small relief bounce, but not convincing just yet. 1D Significant levels at 3287 (closest support) 3625 (closest resistance) and 3943 (next major resistance) 1D Price is resting around POC, slightly below it. Value Area Low is 3077 this can act as major support for price when tested, keep an eye on this level. Value Area High is at 5183 this can act as major resistance once price breaks above POC. Overall, there is no confirmation for a bullish reversal, but if the Value Area Low and closest support are held we can see a great buying opportunity form.
by DejaBrew
BAT con posibilidad de 5% y con segundo piso para protegernosBAT rebota después de una buena caída en una zona solidad de soporte basada en proyecciones, extensiones y retrocesos de fibonacci. Lo mas interesante es que contamos con otra zona de soporte donde podemos hacer un promedio bueno de nuestro valor de costo si la moneda llega a caer de la primera zona. Nuestro target es un conservador 5%. Esta Moneda la compramos en nuestra comunidad privada 3C Plus a 3635 sats. ¿Quiere profundizar más en el análisis? ¿Desea conversar u obtener más ayuda? Comente aquí o mejor aún subscríbanse a la comunidad Privada “3C Plus”. Envié un correo a crypto@3cservices.co ———————————— Síganos en redes sociales: Twitter: twitter.com Instagram: www.instagram.com Facebook: www.facebook.com Youtube: go2l.ink/3cyoutube ————————————
Long
by cccservices