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Basic Attention Token / Bitcoin

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BATBTC trade ideas

BAT Token and Brave BrowserHello guys, I will start watching BAT/BTC closely. The Basic Attention Token is starting to get application in the Brave Browser , with the main goal to decentralize ads on the internet. Even though the browser looks awesome and all, the project is still recent and needs time to develop in order to reach its goal. But I trust in the tech ! I will be looking to buy in some BAT but now is not the time as the chart shows. We could simply buy at the bottom of the channel but chances are price will not drop this much : an ascending trend line with higher lows is forming and will work as support for the next move I think. Keeping you guys updated !
by cyatophilum
1
BAT finally breaking free?Through 2018, BAT has ranged horizontally , albeit in a very wide range, while the rest of the market followed BTC and trended strongly down. Now it's approaching the top of the macro range for the 5th time this year. Daily moving averages are flattening out, so we can expect either a 30-60% drop to the middle or bottom of the range, or a wild run above. Reasons to be macro bullish include fundamental success, with BAT recently launching its scheme to pay users for viewing ads, and not to mention being listed on Coinbase. So arguably it's unlikely to be a huge drop, unless the whole market goes down. Zooming in to the last 6 weeks, the pattern is consolidate - up, consolidate - up, consolidate - up. Now BAT is consolidating at the top of its macro range. It tested the first long-term diagonal, broke it, fell back, and is testing it again. For the last couple of weeks it's been consolidating in a pennant above local support-turned-resistance. We're nearing the end of this triangle, and just broke a mini trend line and retested it. Market allowing, I'd expect to break up out of this triangle in the next couple of days. If volume comes in, we could then have a crack at the second long term diagonal, the very top of the macro range. If it breaks that, well the sky's the limit. Hat tip to the very skilled @Jnsane of @TrendySquad for the original diagonals. Disclaimer: I'm a beginner at charting XD Just publishing some ideas because it helps me to make them more rigorous. Hence no entries, stops, or targets listed. You better do your own research.
Long
by SimpleCryptoLife
BAT-BTC Long Trade PlanCommodity : BASIC ATTENTION TOKEN Trade Type : LONG Trading Against : BITCOIN Entries : Double-UP Entries throughout the Buy Zone Profit Taking : 25% at each TP point. Letting 25% run in case BAT registers a new high Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on Duration - 1-4 weeks Investment in trade : 10% of the total Trading Balance. Prospective Profit : 9% to 24% Prospective Loss : 6% RRR : SL to TP1 is 1.4, SL to TP2 is 2.5 , SL to TP3 is 3.7 Buy Zone/TPs/SL price points are marked in the chart as follows Greens - Profit Targets (TPs) Blue - Buy Zone (Entries) Red - Stop Loss (SL)
Long
by CryptoTherapist