BATBTC trade ideas
💡 Don't miss the great buy opportunity in BATBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0000068). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Basic Attention Token/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 0.0000087
TP2= @ 0.0000106
TP3= @ 0.0000140
TP4= @ 0.0000185
TP5= @ 0.0000221
TP6= @ 0.0000258
TP7= @ 0.0000374
SL= Break below S2
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Shorting Basic Attention Token (BAT)BINANCE:BATBTC
Welcome everone!
BAT is the Basic Attention Token used by the Brave Browser, which I think is stackable. For the last two weeks it's been rising and now it has formed a triangular narrowing pattern. We can cleraly see the divergance in the price action and the RSI. Also, the Stochastic RSI is in the upper range, meaning BAT is having a lot of room to move downwards. The MACD is also giving the signs and volume is also low. We may expect a sudden drop down.
Disclaimer: This is not an investment advice. This information is only for educational and entertainment purposes. Do your own analysis before investing.
There is a possibility for the beginning of an uptrend in BATBTCTechnical analysis:
. BasicAttentionToken/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002480 to 0.00002080). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002480)
Ending of entry zone (0.00002080)
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 the 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= @ 0.00002900
TP2= @ 0.00003100
TP3= @ 0.00003410
TP4= @ 0.00003830
TP5= @ 0.00004240
TP6= @ 0.00004820
TP7= @ 0.00005570
TP8= @ 0.0000678
TP9= Free
A new trading opportunity to buy in BATBTCTechnical analysis:
. BasicAttentionToken/Bitcoin is in a Down Trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
New Trading suggestion:
. There is a possibility of temporary retracement to the new suggested support zone (0.000030 to 0.000024). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000030)
Ending of entry zone (0.000024)
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 the 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:
New Take Profits:
TP1= @ 0.0000350
TP2= @ 0.0000390
TP3= @ 0.0000444
TP4= @ 0.0000500
TP5= @ 0.0000540
TP6= @ 0.0000578
TP7= @ 0.0000678
TP8= Free
Previous Trade Setup:
We opened 6 BUY trade(s) @ 0.00002473 (day close price) based on 2-day reversal candle (2-day Hammer ) at 03.19.2018 .
Total Profit: 7502 pip
Closed trade(s): 6208 pip Profit
Open trade(s): 1294 pip Profit
Closed Profit:
TP1 @ 0.000032 touched at 03.27.2018 with 727 Profit.
TP2 @ 0.000039 touched at 04.18.2018 with 1427 Profit.
TP3 @ 0.000045 touched at 04.18.2018 with 2027 Profit.
TP4 @ 0.000054 touched at 04.30.2018 with 2927 Profit.
727 + 1427 + 2027 + 2927 = 6208
Open Profit:
Profit for one trade is 0.00003120(current price) - 0.00002473(open price) = 647 pip
2 trade(s) still open, therefore total profit for open trade(s) is 647 x 2 = 1294 pip
Previous Take Profits:
TP5= @ 0.000068
TP6= Free
A second Chance to Buy in BATBTC ...New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.00003). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00003).
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.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains.
Relative strength index (RSI) is 42.
Take Profits:
TP5= @ 0.000068
TP6= Free
Trade Setup:
We opened 6 BUY trade(s) @ 0.00002473 (day close price) based on 2-day reversal candle (2-day Hammer ) at 03.19.2018 .
Total Profit: 8072 pip
Closed trade(s): 6208 pip Profit
Open trade(s): 1864 pip Profit
Closed Profit:
TP1 @ 0.000032 touched at 03.27.2018 with 727 Profit.
TP2 @ 0.000039 touched at 04.18.2018 with 1427 Profit.
TP3 @ 0.000045 touched at 04.18.2018 with 2027 Profit.
TP4 @ 0.000054 touched at 04.30.2018 with 2927 Profit.
727 + 1427 + 2027 + 2927 = 6208
Open Profit:
Profit for one trade is 0.00003405(current price) - 0.00002473(open price) = 932 pip
2 trade(s) still open, therefore total profit for open trade(s) is 932 x 2 = 1864 pip
BATBTC , TP3 hit with 11162 profit. New Buy Opportunity..BASIC ATTENTION TOKEN / DOLLAR
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (0.000032) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
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 "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 special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 6 BUY trade(s) @ 0.00002473 (day close price) based on 2-day reversal candle (2-day Hammer ) at 03.19.2018 .
Total Profit: 11162
Closed trade(s): 4181 Profit
Open trade(s): 6981 Profit
Closed Profit:
TP1 @ 0.000032 touched at 03.27.2018 with 727 Profit.
TP2 @ 0.000039 touched at 04.18.2018 with 1427 Profit.
TP2 @ 0.000045 touched at 04.18.2018 with 2027 Profit.
727 + 1427 + 2027 = 4181
Open Profit:
Profit for one trade is 0.000048(current price) -0.00002473(open price) = 2327
3 trade(s) still open, therefore total profit for open trade(s) is 2327 x 3 = 6981
All SLs moved to Break-even point.
Take Profit:
TP4= @ 0.000054
TP5= @0.000068
TP6= Free
Technical analysis:
Basic Attention Token/Dollar is in an up trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 86.
