$BAT now begins another steady climb before parabolic accel.
We just had a large market buy at the top of the ongoing intraday trend producing a large wick and a small candle body with no retracement and no sell-off, historically on this chart price then takes a slow steady march to the top of that wick before a large, emotional run-up powered by FOMO
I think we'll experience a slow down possibly at 40. I'll show you a trend line that would seem to confirm that. I'm not 100% certain but I don't think I'll let go of it at that point. I'll keep my eye on it. I think that I will hold until 48 and I'll show you a trend line and a historic high that I believe represents an extreme psychological resistance level. We'll see what happens after that but perhaps I'll buy back at 40 and then I'll hold again until perhaps 73 or as high as 75.
I think we'll experience a slow down possibly at 40. I'll show you a trend line that would seem to confirm that. I'm not 100% certain but I don't think I'll let go of it at that point. I'll keep my eye on it. I think that I will hold until 48 and I'll show you a trend line and a historic high that I believe represents an extreme psychological resistance level. We'll see what happens after that but perhaps I'll buy back at 40 and then I'll hold again until perhaps 73 or as high as 75.
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Jeez... turn you back for one minute and....
I'm in it, hope I wasn't right yesterday... Hopefully it just bounces off that trend line and continues, not sure how much more of this I can take. I do not want to see all my gains go away. This rally must continue - if it doesn't continue, it will crash, at least temporarily.
Trade closed manually
I just can't help myself folks. I'll never be able to help myself. I'm out at .3256.
If this rally can't continue this momentum, there will be an incredible interim crash.
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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.