BATBTC trade ideas
BAT/BTC: Something's Gotta GiveAs shown (predicted?) in one of my previous charts, BAT price against USDC appears to be stabilizing. However, the last few days and weeks BAT has been getting crushed against BTC and traders are no doubt feeling the pain emotionally and financially. "Should I dump BAT for BTC or ETH?" has crossed my own mind, so no doubt it's crossed yours. Should I FOMO from a consolidating asset into an overextended, overheated blue chip? Well, I guess when I put it that way it seems obvious, and looking at the ratio it appears BAT may be heading into oversold versus BTC. Take a look at the highlighted areas in Price, RSI, and MACD. This is not the best time to would flip BAT for BTC, in fact if anything I think these indicators are flashing a red hot stinking Sell BTC for BAT. With BTC appearing overheated we should see a rotation into alts like BAT, but the big question is whether the USD/USDC price will follow?
BATBTC (Binance) Buy Longs NowBATBTC is @ Weekly RSI support yet still bullish (51). I expect 100% profit minimum in next 3 months. Buy and hold for maximum profit.
BAT - 06 may 2019short while BTC moon $6200t then we could long this big head and shoulders and moon BAT
Target 5400 satoshis
$BAT, Bounced fast but needs better confirmation$BAT, Bounced fast from a long wick that touched support at ~4400..
Currently trying to decide which way will go while volume is growing...
Looking at the 4h chart we can see how it got rejected at the descending trendline..
Wait for now for better confirmation
#BAT
BATBTCBATBTC
Entonnoir : W/D/H4 (swing)
Configuration intéressante sur BAT.
On vient de triplement valider un rebond sur le haut de la compression weekly (blanc) avec :
1/ Une avalante haussière en daily
2/ Une incapacité à aller plus bas en H4
3/ Un retournement haussier en M30
En temps normal j'aurais déjà pris position, mais avec la monté fulgurante du BTC je préfère rester à l'écart des alts pour le moment.
Malgré tout, si le prix venait à réintégrer son dernier creux daily (entouré blanc) vers les ~6100, je pense que je prendrais peut-être position avec un SL serré puisqu'à ce moment là on amorcerait probablement une réintégration de l'ancienne compression daily (jaune).
Il faut également garder en tête que le prix est en suspicion de compression weekly et que si je prends position sur cette paire, il faudra TP assez vite car théoriquement, le prix n'irait pas plus haut que le dernier sommet weekly (là où j'ai TP la dernière fois).
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Funnel : W/D/H4 (swing)
Interesting configuration on this pair. The price has just validated a nice throwback on the upper side of the weekly compression (white) with :
1/ A bullish engulfing candle on daily
2/ A incapacity to do a lower low on H4
3/ A bullish turnaround on M30
In such situation, I would have already go long but with the BTC going nut I rather stay away from alts for now.
But if the price comes and reintegrates its last daily bottom (white circle) at ~6100, I might go long with a tight SL as this move could be the starting point of a reintegration of the previous daily compression (yellow).
Last but not least, I shall not forget that the price is currently going for a compression on weekly and that if I enter the market, I should TP pretty quickly as there is little chance that the price breaks the last weekly top (where I did TP last time).
BAT/BTC LongBAT/BTC is entering a buying zone acting as support that has in the past acted as long term resistance on the Daily Chart. RSI is entering levels of liquidity that have shown to have a positive reaction to selling pressure upon previous entries. Bids are set for the the 0.00004500 - 0.00004600 region.
BATBTC 1D/4H 5/9BAT Close to a bottom, have signals on the 1 hour.
Check daily chart long term, close to support.
Its Happend like my respect ;)i think its must happen but a little later :)
30% profit in this Bearish Market
Price action BAT Bat is approaching two strong supports, I recommend to keep a close eye and see if bounces from .618 Fibonacci level or keeps declining to the next level.
Its already more than 50% down , so its worth the patience.
$BAT break below support at 7K Sats on the daily chart...$BAT Sell signal of the UCTS (7% +) following a break below support at 7K Sats on the daily chart...
I would expect a retest of 5.8K Sats support over the next days unless we break above the descending trendline in the chart...
#BAT
$BAT in buy zoneBuy $BAT around 5700-6000 sats. It is currently sitting on the trend line which has been a good support since it started breaking the previous BTC highs.
#BAT $BAT $BRAVE
BAT thoughtsBAT:
Held support, but finally broke through (R1 formerly S).
Reaching that green box below, which I believe will serve as support. From there I think we'll retest R1.
Buy BATBTCBuy BAT with a cheap stop loss now. Buying at 6300 sats, stop loss below 6000 sats. Target at 124000sats, which is a 1.618 of the wave 1. We are currently on a wave 3 on the weekly. On the daily we are right on the edge of an ascending channel, which is my reason for an entry.
BINANCE:BATBTC
