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BATBTC trade ideas

Can we see a higher local high?There's a channel being formed for exactly one year now between the 0.618 and the 0.382 from the fib between the local high and local low where the 0.5 acts as the middle. We got a recent rejection gathering more volume to break through. Is there a wick to the middle and can we find support on the 0.618? Then we can go 0.786 and potentially break the local high around 0.000034 BTC. RSI says we aren't overbought and there's still room for improvement. !!!DISCLAIMER!!! I'm new to analysis since November 2019 and this idea is only for the purpose of sharing ideas NOT investment advice, therefore any feedback from aspiring traders and experts are more than welcome. Always remember to not go into a trade to fast and take profit along the way. Stay safe, stay profitable ^^
by UnknownUnicorn5829673
2
BATBTC | Breakout | S/R Flip | Support Confluence | Trade Setup Todays analysis – BATBTC – Retracing from a multi-month triangle formation breakout (as explored in previous BATBTC analysis - link down below) Points to consider: - S/R flip retest - Support confluence - 21 EMA visual guide - Oscillators over-extended - RSI bearish divergence - Declining Volume BATBTC needs to hold the probable S/R flip retest at structural support to establish a higher low, validating a long trade. However, trend continuation at this level will negate the thesis. Price needs to respect structural support (in confluence with .382 Fibonacci retracement) indicating a probable trend continuation, forming bullish bias in the market. Trend continuation upon price testing the 21 EMA will support the bullish bias, allowing the EMA to act as a visual guide. Both the RSI and stochastics cooling off from overbought conditions, a retrace to structural resistance will allow the oscillators to cool off. Furthermore, a technical bearish divergence on the RSI affirms weakness in the immediate market. An increase in volume will be key as price tests support levels to avoid any false breaks. Overall, in my opinion, BATUSDT has strong support confluence giving it a greater probability of breaking bullish, however, support re-test is needed for a valid long trade. What are your thoughts? Let me know in the comments below! And if you’ve read this far - thank you for following my work and development as a trader! As always, Focus on you, and the money will too!
by Kudiiee
BAT/BTC 4H Ichimoku analysis. Be careful trading this!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). BAT has just completed a full Elliot Wave pattern on the 4H, this in general means the end of a move (5 point wave), and as it's very far from the cloud it does seem quite overbought, this is confirmed by the RSI. Usually, this means it's time for a consolidation phase or reversal at least for the short term. I did miss the move on BAT which happens, you can never catch all opportunities in a market, but people asked me to have a look at it so I thought it would be good to post this as it is at a reflection point. Chasing is always a dangerous move, it just broke the 300EMA which is quite bullish, although other things point to it needing a breather. So if you wanna trade this be very careful and wait for confirmation of continuation!
by VrotteOtter
1
Basic Attention Token BATBTC - Long Term strategyHello Traders! I have planned a long term strategy for BAT. We have a contracting triangle, and we might be completing the E-wave (according to Elliot wave triangles), and is exactly at point E, where I will buy to make maximum profits. The area to buy is indicated with the green rectangle . Another safer strategy, is to buy exactly at the break out of the contracting triangle. If everything goes as planned, we might be looking at 200% profits. I think BAT has a lot of use cases, and is a solid project. Please let me know what you think, and as always this is not financial advise do your on research.
Long
by sirfreakthemighty
BAT/BTC headed for a Bear hug?This is just a trading idea... its not trading advice. From my observation of the 1D timeframe, and the rising wedge that BAT/BTC is forming while still in a downtrend... It seems to me BAT is heading for a continuation pattern. Which means it is headed further down... to around 0.00001800? Well its too soon to tell.... lets watch and see if BAT bounces off the resistance and heads downwards towards support. It may just be the move we need to confirm that a bear hug is a-coming... Good luck with your trades... guys! Like my post if this trading idea is awesome Follow me for me mind blowing ideas...
Short
by abasinkanga
2
BAT looking to takeoff, yield farmers favorite coin.Bat has just lost and then reclaimed its major support level over the last few months and is now starting to pull away. Looking at a 100% increase from here against BTC to hit previously strong resistance levels. Sometimes you really only need a few lines and some patience. Coupled with the current de-fi yield farming craze of people scooping up and locking these tokens in yield protocols like compound, AAVE, etc, I think this coin is primed to absolutely explode.
Long
by KushGrandma
1
BAT/BTC Local work. Channel. Diamond figure. Ascending triangleBAT / BTC trading idea for local work. There is a downward local channel whose resistance is broken. The formed reversal pattern of a diamon d is similarly broken through. There is a breakdown of the ascending triangle and a retest of its mirror level. If the price manages to consolidate, the local uptrend will continue. If the trend develops, lateral movement will continue to form in the horizontal channel indicated on the chart with support in the region of 0.00002 satoshi.
by SpartaBTC