BAT have a 130% profit run on last week and good peak with big volume.
What it can tell to us?
* 130% run means that this rise cycle is over and now we will have correction.
* Now we moving in A wave - and this is good because you can get nice B wave run
* Like any bullish and emotionals market on the peak we going down hardly and this is ok
What should you do if you bought a peak around?
* Selling now equal selling around bottom
* Need to wait B-wave and sell there
* Learn a lesson about buying x2 profit market near the peak
When rebounce and B wave start?
* According TA we have 2 levels with big support between 3650 and 3870
* Reversal can happen in any moment on this levels
* For B-wave targets we have also 2 levels (major resistances) between 4400 and 4870
* To understand real target we need to watch price action near this levels
What this run means and when we go higher?
* This run was fast and this is only first wave of big cycle
* Correction after first wave need a time to shake weak hands and market consolidation
* 3 weeks for rise and 2-3 months for correction is normal but we can see some good action if all crypto start to rise (mean Bitcoin)
* Be carefull about your waitings on big run till the end of november becase probability of x2 run is small - as I say we need to correction
Push the like you this info help your trade and help to understand this situation!
What it can tell to us?
* 130% run means that this rise cycle is over and now we will have correction.
* Now we moving in A wave - and this is good because you can get nice B wave run
* Like any bullish and emotionals market on the peak we going down hardly and this is ok
What should you do if you bought a peak around?
* Selling now equal selling around bottom
* Need to wait B-wave and sell there
* Learn a lesson about buying x2 profit market near the peak
When rebounce and B wave start?
* According TA we have 2 levels with big support between 3650 and 3870
* Reversal can happen in any moment on this levels
* For B-wave targets we have also 2 levels (major resistances) between 4400 and 4870
* To understand real target we need to watch price action near this levels
What this run means and when we go higher?
* This run was fast and this is only first wave of big cycle
* Correction after first wave need a time to shake weak hands and market consolidation
* 3 weeks for rise and 2-3 months for correction is normal but we can see some good action if all crypto start to rise (mean Bitcoin)
* Be carefull about your waitings on big run till the end of november becase probability of x2 run is small - as I say we need to correction
Push the like you this info help your trade and help to understand this situation!
Comment:
BAT reach target zone.
Comment:
Update BAT levels.
Comment:
BAT shows H&S pattern and ready to retest lows.