BATBTC trade ideas
BATBTC - 1D Entering Resistance with mixed signalsBINANCE:BATBTC has been moving great over the last few weeks, although progress will be hard to come by soon I think.
Resistance is visible in the red box. Two times the areas circled in red in the red box held as support, but the price is now approaching from below meaning they could prove as points of resistance.
The 50 day SMA is forecasted to cross above the 100 day SMA in the coming days as shown by the forecasting in my Triple Many Moving Averages indicator.
My Smoothed RSI indicator is showing an extended period of time spent with an elevated RSI. This is usually a bearish sign.
MACD still trending upwards, bullish.
Stochastic RSI is at overbought levels and appears to be peaking at lower levels while the price is climbing. Also, this is a very high Stochastic RSI compared to its levels where the red box price area once acted as support, as pointed out by the red circles on the indicator.
This might be a good opportunity for me to take partial profits and buy the dip. I am targeting 3000 satoshis for this current move, but I think I would be interested in buying the dip.
I remain Neutral because I expect there to be more time to accumulate.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
$BAT - Trend in flow - 2 possible long targets set Basic Attention Token looking good. The platform is growing daily for BTC and will continue to do so, Big future ideas in the eyes of advertisers and publishers for a better internet. This token will be the heart of it and you can get it for free.
Trend is looking strong and has a lot of backers.
BAT/BTC - SWING TRADEHi, today we are going to talk about BAT/BTC
We observe a D1 , some important points. The details are highlighted above.
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BAT bullish Continuation ?BAT bullish price action above support green trend line and EMA 21,50,100,200 periods. Next resistance level at 2950. Potential correction to 2400 sats level.
Volume Confirm bullish price action.
Indicators: Bullish crossover above zero line. RSI above 75 points. Bullish sing. Overbought level.
S/R Support green trend line at 2340, Major support 0.5 fibs level 2060. Major Resistance 3150, Resistance trend line 2950 sats.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
BAT/BTC broke free of the falling wedge and bulls are taking oveBAT/BTC broke free of the falling wedge and bulls are taking over. First target is the 200MA on the daily and the previous resistance level just short of 3K sats. New bullish wedge is forming. BAT is always a strong first mover with a good FA.
Expecting a small correction towards previous high at 2630 sats today before the further move
BAT Basic Attention Token strong Uptrend ?BAT price action above EMA 21,50,100,200 strong uptrend. Above green support trend line.
Indicators: MACD bullish crossover above zero line. RSI above 50 points. Bullish sign.
Volume confirm bullish price action.
S/R potential support 2175, resistance 3150 (1.618 fib level)
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
BATBTC Bullish Divergence|Falling Wedge| EMA Cross Bullish! Hello Traders!
Today’s chart update will be on BATBTC, very similar to XRP’s chart which I posted a couple days ago. BAT’s had a falling wedge breakout which is in confluence with a potential bullish divergence. It needs to break major structural resistance to confirm the daily trend change…
Points to consider
- Visible Bullish Divergence
- Price testing major structural resistance
- Macro trend change
- EMA’s cross bullish
- Stochastics projecting upwards
- RSI respecting up trend
- VPVR showing increasing volume of transactions
- Volume overall increasing
BAT’s chart is looking extremely bullish as its forming a well-established bullish divergence where price makes consecutive lower lows whilst the RSI makes higher lows. A very key level for BAT to break is the current resistance it’s testing; this area is very strong as it is in confluence with the 1.414 Fibonacci Extension.
BAT needs to break current resistance as it will allow it to put in a new higher low, this will confirm the daily trend change which is extremely bullish!
The EMA’s have already crossed bullish and is supporting price coming into resistance, this is a very strong indicator for the bulls as the EMA’s have been giving BAT major resistance way back in early May 2019.
Stochastics is projecting upwards momentum; technically it can stay in this area for an extended period of time. The RSI is respecting it’s upwards trend, and mentioned earlier, it is clearly diverging from price, which further supports the bullish divergence.
The VPVR is showing increasing volume of transactions after structural resistance, if price sustains above resistance despite heavy volume of transactions, then this is considered to be another extremely bullish sign.
Volume itself is showing an increase after a long steady decline, this needs to sustain to confirm that the break is an actual break and not a fake out…
Overall, IMO this is a very good trade setup if and when BAT breaks this current resistance and puts in a new higher low, confirming the trend change…
What are your thoughts?
Will BAT test upper Fibonacci Extension levels? Or will price fake out and reject from current level?
Please leave a like and comment
And remember,
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
BAT - Looking Sexy - 25% Gain Target AheadLooking at BAT's daily chart, it is looking very bullish. It has a bullish MACD and bullish RSI as it is approaching a key level of significance. This area around .000024 acted a strong support level all throughout the bear market until it was broken in August. Since then, BAT formed a inverse head and shoulders pattern which shot the price back up to this key level. With all the bullishness in the chart, I see no reason why the price cannot hit out .00003 target if it can break resistance at .000024. Look at the price action each time the MACD has crossed over the zero line. It is almost always a strong buy signal. But it will need some serious volume to get passed this resistance area. Have your buy orders ready on a strong break out. This has the potential to be a very nice quick gain.
Did my idea help you make a successful trade?
Donations are always welcome and much appreciated!
BTC : 136dZZ2XyUirYUX1nUXwrU6sGgaBNPiFnU
ETH : 0x2fda8b3ebf9f03078d2e4657ebca5c41ed020bf6
XRP : rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy Tag: 395032582
80%+ For Basic Attention Token | Bullish + New HighBasic Attention Token (BATBTC) is now trading at its highest since it hit a peak price in late July...
After hitting a low on Aug. 14, BATBTC has been producing higher highs and is now moving higher.
The next target is marked on the chart with 35%+ of profits and up to 80%+ if you look at higher targets.
All the indicators and signals are in favor of the bulls. This chart is extremely bullish. BATBTC will continue to grow.
Previous chart (click on the image and hit "play" for details...):
Namaste.