BATBTC, 4h, Possible Elliot Wave CountHello traders,
You can see my earlier ideas about BATBTC at related ideas section. I'm gonna take this trade with invalidation level and i hope it helps some other people also.
This is just an idea, you should set-up your stop loss, and take profit levels and be careful about your margin. (Always use fibonacci levels for that.)
Always consider the worst possible scenario and have a good day.
BATBTC trade ideas
long term overviewLong term possible scenario. Hodl mode on.
Will close trade if last LL is breached and another LL formed.
WARNING!! I am not a financial advisor. I am just learning technical analysis.
You DO NOT have my permission to publish this idea and
you DO NOT have my permission to use this idea as a technical advise.
BAT/BTC - textbook EW structure (short term trade)BAT had nice 5 wave impulse move to the the upside, now I think we are in the corrective "C" wave and after this wave is finished, BAT should continue up with another 5 - wave impulse move.
Price should go down to 1970, then I will consider entering this trade.
Basic Attention Token On The Same Path (Easy 60%)This is the same chart I shared back in April... Notice the drop a few days ago was just a fake breakdown.
We continue with the same bullish bias and the yellow arrow scenario is still on.
Here is the previous analysis if you want additional details on the Basic Attention Token (BATBTC) chart.
Apr 11 |
Thanks a lot for reading.
Namaste.
BAT is ready to spread it wings - are u?With close cooperation with www biggest crypto exchange, binance is now intregrated in browser. This means the BAT you earn by watching ads can easily be swapped in to coins like btc, eth or even usdt. I bought a big bad down here. The other coins i wait for is LINK and XTZ. I belive they need to cool down a bit after heavy runs last months. Now is bats turn!
Check out datadash full detail on bat on youtube. Good information and understanding of the product.
Peace!
Basic Attention Token (BAT) Might Explode Like A BombProject Description: Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
The token can be used to obtain a variety of advertising and attention-based services on the BAT platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
We see that the bat price is stuck in a long-term symmetrical triangle. I guess that wherever this long-term symmetrical triangle moves, it can move hard in that direction.
Red areas are trend areas. Green areas are the potential accumulation zone.
Let's see what the bat project will do in the future.
Yours ..
Bearish Continuation pattern for BAT.Moving inside an ascending triangle, which should continue it's bearish trend and test the support again around 0.00002000-2100 sats.
High possibilty to test the 200MA, creating a false breakout to 0.00002550-2600 before heading into the triangle again, and break downwards.
Brave's BAT Token - Bullish postureThe Brave browser already has millions of monthly active users.
Those active users are all potential BAT token adopters.
Add on top of that content providers including YouTube content creators are also adopting the platform to earn rewards, all this leads to exponential growth of BAT adoption.
batgrowth.com
BATBTC 4 out of 10 daily morning chartsBATBTC
Still in an overall bullish downtrend.
4hr consolidation zone, historically after LH forms these zones with a fast bullish movement off the bottom to be rejecter on another LH and fast bearish movement down to create a Lower low.
in the middle of zone ATM.
possible long from the bottom and short from the top.
both stop-loss are clear of previous market structure.
BatBtc Strong Support and wide Range Bullish playAs you can see on the chart, Bat lost its support for some time but then reclaimed the support.
The targets can easily be seen on a wide range bound market.
161.8 extension is aroung that region as well.
Patience is the key.
1:4 Risk to reward trade setup
BAT Is In a Downwards Channel, But Might Soon PumpBat is going down again here in this channel after seeing a significant upwards spike of 100%+.
Surprisingly, the coin didn't suffer much during the Corona crisis. However, you could argue it's already priced in as we're looking at the BTC pair here and not the USD pair.
I expect the price will continue to go downwards for a while until we reach a very important point: the confluence of the channel and the support zone.
I think this area could be a great buy opportunity as we've seen BAT does have the potential to spike when it's making lower lows. I will put it as a short for now with the expectation it will follow this channel, but I am bullish long term.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!