BATBTC trade ideas
BATBTC starting to look good for quick profitsA few caveats here, but BATBTC is starting to look pretty good.
The 4hr is trying to break above the resistance zones around the 1860 sats. IF you are going to play this long position, always make sure that you understand that typically there is a retrace after a breakout. So when we break above the 1860 sats and are also above the 10 and 20 MA, allow it to retrace 1-2 candles. You will want to buy in after the retrace and above the retraced support.
Set your stop loss to the bottom of your retrace candle (plus a little slippage) and enter into a position above support. I would set up a limit order for this scenario and place it once we are above all the MAs. Looking at possibly 2000 sats or somewhere around the aqua trend line for profit.
Let's try to repeat the same setup on BAT/BTC Easy 10-20+% gainHello guys and hope everyone is doing well.
It's a good thing we took profit last time as BAT is in similar position as it was before.
Bullish divergence is happening again and this should provide an easy 10-20% gain again.
Targets are drawn on chart.
BAT on the verge of a Breakouthello guys, with the starting of alt season, its time to buy some top alts with really cheap rates in terms of btc, here my first choice is BAT, which is moving in accumulation zone from a long time.
you can see above that bulls perfectly hold the fib1618 level around 1680 sat and prices formed a triple bottom formation, oscillators and volume are also indicating rise in bullish momentum and a potential reversal for new highs is expected with upto +40% of gains.
Buy BATBTC from 1800-1850 sat
T1 2150
T2 2350
T3 2450
T4 2600
SL 1740
BAT-BTC (short term trade)- Took some small profit in 14 hours 1.96% which is not much but I am still satisfied all doe i was expecting 4-5%. My stop sell got hit since i left it over night wile resistance zone were identified appropriately. --> LESSON LEARNED! Trust what the chart tells you :)
- Took the trade on the break-out from the pattern to upside at 1748 mark.
What I am looking for:
- Minor uptrend has been broken ( Bottom of symmetrical triangle) and I am waiting for new support. Will the potential old support hold at around 1725 or will it drop down to 127.20% fib level???--> Or maybe even retest the 9 day trading range (1668 sats) ?
Will BAT ever recover?BAT chart review
One of those coins that has something fundamental behind it and interesting to watch. And no one expected it to fall that low, but what a surprise, it did. And now, that the whole market is lifting (which is also surprising, as bullish BTC usually dumps alts), BAT stays still. But not exactly. It collected huge volume on the last two wicks and now seem to have enough whales inside to lift it up and test nearest resistance at 1800. Its only ~2.5% above, but what a bullish sign it can be if broken.
If break 1800 resistance, next targets will be 1875 - 1980 - 2120
P.S. Most of alts that were pumping today are slowing down now. Keep an eye on those that didn't yet moved much.