BATUSDT trade ideas
BAT - Key level breakoutReasons to take long:
⭐️ BTC bullish
⭐️ Trend is bullish
⭐️ Level is 41 days old
⭐️ Level is clearly seen on daily timeframe
⭐️ 6th touch
⭐️ 55 ATR
⭐️ Squeezing VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
BATUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 0.5 and ~0.6
after first target reached move ur stop to breakeven
Stop: ~0.35 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BATUSDT is testing the key levelThe price had a breakout from the rising wedge after a false breakout from the monthly resistance at 0.43$.
the price is testing the 4h support again, as you can see on the left that support is a key level for the price.
How to approach it?
IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
BAT/USDT - Potential Short ScenarioHello Traders!
BAT moves within the descending trend, gradually completing the previous market cycle.
The price is near the resistance level of $0.43, which will serve as a trigger for the continuation of the local counter-trend movement.
We can assume that if the local trend breaks, the downward pricing on the asset will continue. We should expect the culmination of the sales in the price range of $0.18 - $0.274 after the price leaves under the support level of $0.274.
It is possible to look for medium-term purchases of the asset near the support level of $0.18 in the price range of $0.18 - $0.22.
The targets of such purchases will be the price levels of $0.43 and $0.59
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
BAT - time to trim the sheep🐑Reasons to take short:
⭐️ BTC bearish
⭐️ Formation is 24 days old
⭐️ In the end of formation
⭐️ Trendline is clean
⭐️ Price is squeezing to the trendline
⭐️ Had false breakout
⭐️ 5th touch
⭐️ 55 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
BATUSDT SHARK IN PLAYBATUSDT SHARK IN PLAY
Shark
The Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011. It is similar to the Bat Pattern, except for the C point exceeding the BC leg. It can point to a strong counter-trend move. The potential Reversal Zone (PRZ) is defined by the following harmonic levels: the 0.886 retracement of initial leg and the 1.13 reciprocal ratio of the initial leg. Targets can be various retracements of the CD leg, all the way up to C itself. There are different methods of determining where the stop would go. Some put it beyond the next structure level after the D point, others choose the 1.41 extension of XA.
Conservative traders look for additional confirmation before entering a trade based on an indicator value, a specific candlestick pointing at a reversal or confluence with other methods. The Shark pattern can be either bullish or bearish. It is as effective as other harmonic patterns and a common variation on trading this pattern is to trade the last leg to completion. TradingView has a smart drawing tool that allows users to visually identify this price pattern on a chart.
BATUSDT got a Monthly rejectionthe price got a rejection from the monthly level at 0.43$ as I told you in my previous idea. now the price is testing the previous resistance as new support on 0.4$
How to approach it?
if the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
📊 BAT moved 10% up. Will this resistance reject us again?
Hello, dear TradingView members.
This idea is a BAT analysis.
BAT made a 10% ascending move today, and now it's facing the resistance level for the 4th. Time.
This resistance level is again rejecting the price, but it's not as powerful as the previous times.
Scenario One:
The price will pass the resistance level and, after confirmation, reach the potential target as shown in the chart.
Scenario Two:
The price will be rejected by the horizontal resistance level and fall on the support zone.
The Speedometer indicator shows Buy volumes on the market for BAT on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.