Long

BAT setting up for a mid term run!

Updated

BAT getting closer to the lower trendline. I'm expecting (or hoping) for a bounce at the green box which is shown in the chart. That zone is confluent with horizontal, hirstorical support and the lower trendline which has held since december 2017. The RSI is moving towards oversold after breaking the bullish divergence.This indicates that the market wasn't strong enough for a bounce yet. Anyway, the RSI being in the oversold area makes room for positive price action. I do strongly advice using a SL at the shown level. Since BTC is running, alts are at her mercy and can only hope they don't turn into dumpster juice.

Trade closed: stop reached

Welp.. BTC pumped hard and left all alts for dead, including BAT. The trade set up was vey nice though, A falling wedg (reversal pattern) into the lower trendline. R:R was great, but my stop was hit.

Out for now.

Buta-yarou

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