BATUSDC trade ideas
$BAT Daily Chart - CoinbaseBAT has broke out of the $0.23 previous high very strongly.
It is now starting to pull back after reaching a high near $0.31.
A great buying opportunity would be at around the $0.23 area. This area is a VERY strong support level since it coincides with the following:
1) Previous breakout level (which now turns into support).
2) The uptrend support (if it dips there before 7-April-2019).
3) The 61.8% Fibonacci level.
I expect this support level to hold. As always, a stop loss shall be placed. The stop loss should be at $0.215 (<7%).
Basic Attention Token (BAT) Buying PointsFor people that believe in BAT and would like to hold it for the long term, I recommend buying from the following points based on the Fibonacci analysis and the current uptrend.
1) Buy If it breaks $0.23
2) Buy if it pulls back towards the uptrend, which is currently at $0.18 but will rise with time. Of course, it would be best to buy at a point where the uptrend and a fib level intersect but this is not guaranteed to happen.
Stop loss for scenario 1 would be $0.215 (>7% loss).
Stop loss for scenario 2 would be $0.163 (>10% loss if bought around $0.18).
Counter-intuitive Move For The Brave of HeartThis may seem like a counter=intuitive move, but it may prove a great opportunity to enlarge your position if your already long on the Bull Flag breakout. If I'm wrong here and it keeps goings south, well the Captain is supposed to go down with the ship (he said with a grin). Seriously though it's a risky move; so don't be a sheep and blindly follow. But if your a full grown bull with a high tolerance for risk ( and a stop loss in place of course) I'll meet you on the other side.
BASIC ATTENTION TOKEN on FIRE?Looking for a nice pump out of an ascending triangle. RSI looks descent on four-hour but keeping an eye on it.
BATUSDC following a threadIs the trend our friend? Lets find out.
BAT has made over 50% gains in past month and still shows little resistance in the short term.
Current price: $0.182
min Target: $0.222
thats a quick 20-25% Gain.
Meanwhile i don't see my BTC geting 25% gains any time soon. I'm thinking maybe BTC will be better after day April 15.
I could use 20% gains this week.
Too good to be true?
I'll find out.
*Crosses fingers*
BP
BATUSDC is in an ABC correctionIt looks like BAT is in an ABC correction. Look for the price to continue to fall, correct slightly upward in the same slope as the 2, and then continue falling. I plotted the end of my 5 at 61.8%, but it may fall as low as the support level from several days ago.
Edit: I'm new to wave analysis, so please let me know how I can improve!
Bull Flag Breakout ImminentIf the red candle wicks back up we're looking at a target of about .19750; if it's the next candle we'll just have to re calculate.
