Get started

Basic Attention Token / Bitcoin

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

BATBTC trade ideas

Obligatory BAT UpdateIt's time for an update on BATBTC, since it invalidated my short term short idea that I posted before: This does not mean that it can't drop from here, but that my perspective is neutral at this time. On my previous chart, I did say that we could target the 6000 long term resistance. We made an attempt, but didn't make it up there. Instead, we got stopped at this descending line (marked pink on this chart). I think it's too dangerous for me to re-enter, and I have other setups that have a higher r/r ratio. This is just to show you what COULD happen, if certain things play out. This is my favorite kind of analysis anyway. If BAT stays firmly above 4500 (including short lived dips below), it could complete a bull flag that has a target above the descending diagonal resistance in pink. We wicked above that resistance on the big Coinbase pump, but still got rejected there. We'll need a lot more force to break above that and aim for 6000. There will be a TON of sell orders stacked up all the way to 7000. If we break 7000, then we are officially out of this long term trading range and I may look for a new long term position on BAT. However, on the bearish side of things, if we break down from here and head towards 4000, we will have painted another lower high on the chart. This is certainly a possibility, since we are currently hovering BELOW the previous swing high around 4589 (this was even before the listing pump). Another interesting thing that happened, is that someone market appears to have sold a huge amount recently (big wick down to 1000). Some buyers got very lucky there. However, this could be a sign of a big whale exiting his or her position, thinking that we won't break the range. Of course I prefer the short scenario, because then I'll be happier with having sold at 4100 and can re-enter once we bottom out again in the low 2000 range, or even lower :) This doesn't mean it WILL happen though. Be careful! This is not financial advice, and I am not a qualified financial advisor. This analysis is just a perspective on what could happen with this coin, as I am out of position for now. -Victor Cobra
B
by VictorCobra
Updating BAT/BTC analytics ideaBUY: 0,00004130 - 0,00004150 SELL: 0,00005450 - 0,00005550 STOP-LOSS: - Support: 0,00004130 Resistance: 0,00005577 The long position was opened 0,00002572. At the moment, the opportunity has opened not only to take profits, but to open a short. This is due to the fact that the interest of buyers to the asset has decreased, the trading volumes have fallen. Most likely, the price will rebind from the strong resistance line at the 0.00005577 or will not even reach it. Therefore, we open a short position with a return to the long in the range of 0.00004130 - 0.00004150.
by ZOGRAS