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BATUSD trade ideas

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!
BShort
by Gmanns777
1
"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?
BLong
by The_202_Quants