BAT-BTC (short term trade)
Updated
- Took some small profit in 14 hours 1.96% which is not much but I am still satisfied all doe i was expecting 4-5%. My stop sell got hit since i left it over night wile resistance zone were identified appropriately. --> LESSON LEARNED! Trust what the chart tells you :)
- Took the trade on the break-out from the pattern to upside at 1748 mark.
What I am looking for:
- Minor uptrend has been broken ( Bottom of symmetrical triangle) and I am waiting for new support. Will the potential old support hold at around 1725 or will it drop down to 127.20% fib level???--> Or maybe even retest the 9 day trading range (1668 sats) ?
- Took the trade on the break-out from the pattern to upside at 1748 mark.
What I am looking for:
- Minor uptrend has been broken ( Bottom of symmetrical triangle) and I am waiting for new support. Will the potential old support hold at around 1725 or will it drop down to 127.20% fib level???--> Or maybe even retest the 9 day trading range (1668 sats) ?
Note
Supports did not hold so will wait what BAT will do at the bottom of the box at around 1668 sats. Dont want to get in too fast since BTC is hanging on a thin line :)
Note
BAT bounced like expected due to historical buying pressure, on the other hand can be as well response to BTC dump. Ill wait for verification of support and than see whats going on Trade closed: target reached
10% Trade closed: target reached
Played perfectly for me for 15%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.