After the drop since Nov 2019 the bear leg is completed coz this is the point where the Cypher pattern is completed and now we are in the potential reversal zone of this pattern. On 27 of Nov we had a very long bear spike which has hit the bottom of potential reversal zone but the power of Cypher did not let the priceline to breakdown this support. At this point...
Despite the Basic Attention Token has very strong fundamentals and real use cases on different platforms we will only see the pure technical analysis in this post. 1st breakout and setup of initial leg: The price action was moving within a pennant since Mar 2018 and its last hit the support of pennant was On Feb 2019, this was the initial setup of X to A leg of...
Tight stop loss, but good potential
History doesn't always repeat itself, but it usually rhymes. Last time we had a run up after a downtrend, BAT formed a bull flag. Then, it had a massive 150% pump. We just had a run up after a downtrend, and now the bull flag is almost done forming. If it plays out similarly, we should be expecting a huge pump if we break out of the bull flag to the upside.
My first TA ever. Noticed the similarities between what is happening right now and a large historic pump. We had a solid run up leading into what looks like a bull flag. Extremely similar to the previous run up that led to a bull flag, which in turn led to a massive 150% pump.
Looking at BAT's daily chart, it is looking very bullish. It has a bullish MACD and bullish RSI as it is approaching a key level of significance. This area around .000024 acted a strong support level all throughout the bear market until it was broken in August. Since then, BAT formed a inverse head and shoulders pattern which shot the price back up to this key...
BATUSD has all indicators volume, bb, kc, fibo, + FCP forex (mechanical; check link below) -- forexwot.com SHORT @ $0.20363 -- FIBO/PIVOT STOP @ $0.15873 DISCLAIMER NOT financial advise. Enjoy your weekend! -@a1mtarabichi P.S. Sorry for lack of publications lately; will update more frequently (a lot more) post mid quarter / mid-late OCT.
Pinbar by the rules of the trade reversal pattern. it means there is a buyer with the asset acceptable profit risk you can try
*Idea only. Not a recommendation to buy or sell* For potential longer term picture, check first idea linked below. Feel free to look at my other posts as well.
Buy : Close to 1700 / 0.17$ Sell : 1800-1900-2000 / 0.18$-0.19$-0.20$ Mid-Hold : 2700 / 0.27$ Stop : Under 1500 / 0.16$
The Dynamic Line Will Be the Strongest Resistance Zones of interest and targets are on the chart. Good luck everyone!
Thanks for visiting. Key points: 1) We're facing historical lows + strong support 2) Triple bottom + lowering volumes are strong reversal indicators 3) 1st and 2nd take-profits are based on historical supports Trade plan: 1) 1st take-profit 75% or 100% (if level will be holding for too long) P/L ratio 3.66 2) 25% or 0 for the second one STOPS: near green line
Hi guys, BAT formed a classic bullish divergence. BTC domination seems to fall. Don't forget stop loss is your friend. Cheers.