BATBTC - Daily E2E Trade - 4H MA Breakout - +165% Target

BAT has created a white Heiken Ashi doji on the daily chart and has started to move price to the upside with momentum towards the daily cloud. I will be watching for good price action on the break of the red MAMA edge to open positions. Since this correlates with an Ichimoku daily E2E trade, target will be set at the ichimoku kumo edge marked on the chart for +165%.

Comment:

Price has moved into the daily MA cloud. I will be waiting for price to retrace slightly to determine if this was a potential trend reversal or just a test of the daily MAMA.

Trade active:

Price has retraced out of the MA cloud and appears to be moving back towards it. Opening up positions due to price action.

Trade active:

Price update. Progressing as expected.

Trade active:

Added a take profit area at the +60% profit that corresponds to the target on the daily e2e. Some positions should be closed preserve profits.

Trade active:

Target one just barley missed. Price has rebounded off of the 4H MA cloud and heading towards targets. Current positions at +40%.

Trade active:

+65% and counting. Two white doji's have created in a row on the 4H chart indicating a big movement may be coming. Price action is indicating this move may be to the upside, I will be watching closely and moving up my stops accordingly.

Trade active:

+88% and counting. Price is entering daily ichimoku edge to edge zone.

Trade closed: target reached:

+160% Target reached. I am closing out over half of my positions to take profit off of the table. I will be leaving the rest to run on a trailing stop loss since I see a potential for a Kumo breakout before a retrace to the flat kumo area.

Ichimoku Cloud daily view: