BATBTC trade ideas
BAT-ter UP!!!The recent distribution of BAT by Coinbase has renewed interest in the Brave browser. We are down 30% from the pump on February 6th. It is is my expectation that we will hit most of the levels to 25% by Valentines's Day. With a strong bitcoin anything is possible. If bitcoin goes down because of the getcoiners and coinists BAIL!
Basic Attention Token: Key Support & Resistance & TrendlinesTime to BATter up?
RSI
In the past when the RSI has become oversold, BAT has seen a positive reaction. Will it this time?
Trendlines
Previously when a longish downward trendline was broken, the price moved upward, this time it didn't have that immediate move and the price is still moving down.
Support & Resistance (S&R) Zones
I hope I have drawn all the key support and resistance zones. The price is currently on the way down to hit support below. Could this coupled with RSI being oversold result in an upward move? Let's see.
BAT-BTC Long Trade PlanCommodity : BASIC ATTENTION TOKEN
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 5% of the total Trading Balance.
Prospective Profit : 18% to 49%
Prospective Loss : 10.5%
RRR : SL to TP1 is 1.65, SL to TP2 is 2.58 , SL to TP3 is 3.51 and SL to TP4 is 4.45
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
BAT is inside of a huge symmetrical triangle.BAT is amazing project with quite strong founder and the team.
According to TA it's finds itself inside of symmetrical triangle and if it's going to break out we might see a move to red zone on the chart.
It's only one of potential TPs, hypothetically price can go even higher.
However if price going to break down the triangle we might see some bearishness. In this case good opportunity would be to catch in the green box price range or even below that.
It's not a financial advice.
Trade carefully and good luck!
#BAT descending triangle to bottomThere's not much to say here, I just hope BAT won't pull a XLM ...
Basic Attention Token (BATBTC) Awakes!Basic Attention Token is now on the move. It started moving just an hour ago and the momentum is massive.
The chart above is self-explanatory... But let's look at some of the details for fun:
The red line is the "final drop". The price declined fast and reached a new low yet the MACD remained strong; bullish divergence.
The green candle engulfs the yellow candle completely. This is "bullish engulfing", I shared a post about it recently. This is a strong bullish signal. You can see my post about it here:
Volume is growing, which supports this move.
Strong break above EMA10.
Bullish RSI.
Expect additional bullish action coming from BATBTC. This one always generates great profits and it is now moving with massive strength.
Hit like to show your support.
Namaste.
BAT approaching a bottom??
BAT has been dropping consistently ever since the Coinbase listing, which goes against the typical listing price movement after an announcement but we are in a bear-market after-all
We could see that we are currently sitting on the 61.8%FIB level, which has proven to be decent support in the past
We do have a lower area of strong demand, which lines up with the 70.5%FIB offering the ideal entry point
The current price right now is also a nice spot but with BTC looking weak throughout the week, we could expect to see a dump lower giving us the opportunity to get a better entry point here
Bouncing in this demand zone gives the possibility of nice returns as shown on the chart
Breaking below this demand area would spell BIG problems for bears and it would most likely fall into a void
Thanks guys!
BATBTCIdeas only, not trading advice. BATBTC has produced a filtered entry alert on the 1hr, fisher has just crossed and we have a new bull fractal.
BATBTC has been quite, hopefully we will see some fresh gains?
BAT squeezing in the support zone, tight stop-loss availableBAT has been in a long-term support zone for a while now, took a trade with really good Risk to Reward ratio.
You can see my stop-loss and profit targets in my chart.
BAT BTC longBAT has been ranging sideways against BTC, likley to make a push of around 65% over next few months. Likley to go up around 65%
Trade set up including stop loss is on chart. Support and resistance lines in red and green
Bullish TK CrossoverBAT has been pretty dormant but it's just had a bullish daily crossover, on the 4hr it's retesting the breakout, if it's showing bullish moment from this level should be a great buy.
Looking good, gaining momentum$BAT Looking good... Falling wedge coming to an end, volume decreasing & seems exhausted.
MACD and RSI still flat. Any peak in volume will turn this into a Buy signal from the UCTS (last one give us 76% return).
Set up alerts around 3530Sats above the upper trendline & wait #BAT
$BAT set up$BAT is consolidating around this 0.618 area, range is getting tighter and tighter and RSI is making higher lows, if alts stay bullish , this one might pop soon
bat/btcpossibly head and shoulders scenario with buy zone. long term support trend lines converging.
BAT Wants to fly tooNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
BAT actually doesn't look all that bad to me right now. There was obviously the big push from the coinbase listing but from a trend standpoint, we look like we're wanting to break out of this consolidation effort to the upside.
Being conservative with where I'd like to exit this as the market can turn upside down at a moments notice.
We're also well below the 61.8 retrace, so that makes this even more risky, however there was some bullish divergence on the 1 day timeframe which looks decent. If we can stay above 3300 then I think we have the potential to push up to 4000 or close to it. It's potential to go beyond that if the impulse holds is good to get back up to about 4350 but I wouldn't hold onto that too hard.
Bear case: If we fail 3300, we are definitely going back to 2900, so cut your losses and get out if it falls. Don't turn into a bag holder.
BAT BATTY?Despite having entered this BAT position I must say it doesn't look good for a short term bounce trade. There are shooting stars starting to form & It'd probably be wise to wait this out or buy lower in order to maximize satoshi value.
