BATUSD Commentary-6 Week ascending triangle
-Break above 50SMA with volume and breakout of pattern within same day
-Pattern retest with upside continuation
-Measured move up to 0.44
Crypto markets have peaked my interest of late and am exploring the applicability of my classical charting approach to crypto markets.
I am in the process of setting up Binfinex account and will add crypto to my weekly scans hereafter.
BATPERP trade ideas
There is a trading opportunity to buy in BATUSDTechnical analysis:
. Basic Attention Token/Dollar is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.19 to 0.13). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.19)
Ending of entry zone (0.13)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.33
TP2= @ 0.39
TP3= @ 0.49
TP4= @ 0.69
TP5= @ 1.04
TP6= Free
There is a trading opportunity to buy in BATUSDTechnical analysis:
. Basic Attention Token/Dollar is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.19 to 0.13). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.19)
Ending of entry zone (0.13)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.33
TP2= @ 0.39
TP3= @ 0.49
TP4= @ 0.69
TP5= @ 1.04
TP6= Free
Wow, did Coinbase mean to tweet this... ??? !!!Just got on my phone a tweet.
They deleted the tweet, but it said the following:
Coinbase started a thread:
Today we are announcing that we're exploring the addition of the following assets to Coinbase:
Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). blos.coinbase.com...
Wow!!! If this is for real... $$$
BAT: Profit potentialBAT has formed a very bullish pattern: Falling Wedge .
The previous falling wedge resulted in 188% profit.
Usually these patterns breakout on the 5th touch (purple rectangles).
BATUSD Awaiting Confirmation of SupportBITFINEX:BATUSD
After a long dive, it is now slowly reversing, confirmation of support will be evident over the weekend. Stay tuned.
I own my own cryptocurrency tamadcoin.io
Moon shot getting ready for BAT!After the bears left BAT in pieces, bulls are getting ready on the demand zone to shoot for the moon.
A crypto with strong fundamentals, real use case and a giant userbase. BAT is heading to the demand zone where it always rebounds back. RSI shows great room to grow along with the Stoch. A descending triangle looks ripe for a breakout. Good buy zone is from 10 to 20 cents.
BATUSD looks really interesting..Basic Attention Token looks really interesting. Its diverging from the general crypto trend...this is one to watch..it may break from the pack
BAT on alertBAT is on priority alert. It has now made it's way to No 50 on the coin market cap list. I really like this project. Might take a position in the demo account.
If you missed our first HUNT, you may want to check this!BasicAttentionToken/Dollar
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
* If you missed our first HUNT, you have a second chance to buy above suggested support line (0.33).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
Trade Setup:
We opened 5 BUY trade(s) @ 0.20958687 (day close price) with a strong signal based on reversal candle (Hammer, 2-day Hammer & Valley ) at 03.19.2018 .
Total Profit: 77317407
Closed trade(s): 39082626 Profit
Open trade(s): 38234781 Profit
Closed Profit:
TP1 @ 0.33 touched at 04.18.2018 with 12041313 Profit.
TP2 @ 0.48 touched at 04.24.2018 with 27041313 Profit.
12041313 + 27041313 = 39082626
Open Profit:
Profit for one trade is 0.33703614(current price) - 0.20958687(open price) = 12744927
3 trade(s) still open, therefore total profit for open trade(s) is 12744927 x 3 = 38234781
All SLs moved to Break-even point.
Take Profit:
TP3= @ 0.69
TP4= @ 1.04
TP5= Free
Technical analysis:
Basic Attention Token/Dollar is in a range bound and Resumption of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
Relative strength index ( RSI ) is 46.
If you missed our first HUNT, you may want to check this!BasicAttentionToken/Dollar
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
* If you missed our first HUNT, you have a second chance to buy above suggested support line (0.33).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
Trade Setup:
We opened 5 BUY trade(s) @ 0.20958687 (day close price) with a strong signal based on reversal candle (Hammer, 2-day Hammer & Valley ) at 03.19.2018 .
Total Profit: 77317407
Closed trade(s): 39082626 Profit
Open trade(s): 38234781 Profit
Closed Profit:
TP1 @ 0.33 touched at 04.18.2018 with 12041313 Profit.
TP2 @ 0.48 touched at 04.24.2018 with 27041313 Profit.
12041313 + 27041313 = 39082626
Open Profit:
Profit for one trade is 0.33703614(current price) - 0.20958687(open price) = 12744927
3 trade(s) still open, therefore total profit for open trade(s) is 12744927 x 3 = 38234781
All SLs moved to Break-even point.
Take Profit:
TP3= @ 0.69
TP4= @ 1.04
TP5= Free
Technical analysis:
Basic Attention Token/Dollar is in a range bound and Resumption of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
Relative strength index ( RSI ) is 46.
When has a HARMONIC Pattern "Worked"????In this video I explain what I was taught in terms of a Harmonic pattern "working". In this example I initially look at a BAT pattern and I walk you through what it means for it to "work" and later on I show the same for a GARTLEY pattern.
In essence when price turns at D, you can consider the pattern having worked once price passes A. You can take profit or even exit the trade before that, but that has more to do with an individuals trade management, in this case I am specifically focusing on what I understand as a Harmonic pattern "working".
Hope this helps.
A Long-term Trading Opportunity to Buy in BATUSD. Be ready!Technical analysis:
BASIC ATTENTION TOKEN/DOLLAR is in a Range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 49.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (0.25 to 0.13), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.25)
Ending of entry zone (0.13)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.33
TP2= @ 0.48
TP3= @ 0.69
TP4= @ 1.04
TP5= Free
BAT on BAT: what the hell is going on??As the proud user of the Brave browser I was looking for a place where it made sense to get some BAT. Then I saw a virtually perfect bearish BAT pattern... holeee shit :D
In the video i plot the pattern, discuss the pattern and then move on to what seems to be the beginnings of a Butterfly pattern.... what that essentially means is should this pattern work, price could make a C in the Butterfly which will allow me to get some BAT and trade it up to the 1.272 or 1.681 extension.
I will likely make a separate video on this should price head to where I think it might.
Have a good one!
BAT: Huge profit potentialBasic Attention Token has formed a bullish signal; falling wedge. The price is getting squeezed and has the potential to breakout on the E wave.
The grey rectangle is a safe buy spot.
"BATUSD" - FIRST COUNTNot every day that we can start fresh with an instrument, with not so much data and history.
So let's look at BAT (Basic Attention Token) based on Ethereum blockchain from the chart point of view.
Well, first it looks like there is plenty of room to the downside but we reached the 61.8%-78.4% extension zone of red label degree and while I know that equal leg area of highest degree would come at 0.004920, I can many cycles ending on 18/03/2018, let's make the case for a base here.
First, RSI trendline broke (would like a better confirmation though) in 4h time frame, indicating that a cycle has ended. What cycle? well, I see 2: cycle from 03/03/2018 high for the most obvious and also 18/02/2018 high.
From 0.1540 low, BATUSD has bounced in a 3 waves that ended at 0.2646 and that is still a correction. So now, we need to check the structure of the pullback. I do not think it will break immediately down but market does it wants. So, while above 0.1540 we should see more upside to correct the cycle from 0.4797 high in a corrective manner - I do not need to see motives everywhere to have a trend-.
I will not propose trades in daily here at I do not pick tops and bottoms (investing would be different though), but I think that there is potential in lower time frame. Follow me on my patreon for 1h time frame but I will continue updating here on daily view.
So would you be buying this token?
Looks promising during these times...This one looks promising. Check volume as of lately and RSI. Considering the current affairs in BTC world, outperforming...
BASIC ATTENTION TOKEN BY DANIEL BRUNO, CMTSUPER SENSITIVE TO CHANGES IN BTC
BULL MARKET ON HOURLY CHART AS PRICE STAYS ABOVE THE 1X1 ON BOTH THE LOW AND HIGH POINTS
UNTIL CRYPTOS DECOUPLE FROM BTC OR BTC RISES, GAINS WILL BE DIFFICULT
DANIEL BRUNO, CMT
