BATBTC Bittrex 01Sep2017 potential flag pattern (?).

BAT may be showing flag pattern in the short term against BTC. If yes - some part of deposit can be reasonable to sell at 0.0000655 and buy back at 0.0000605. Currently I set 3000 BAT to sell at 0.0000655 and planning to buy back then 3240 BAT at 0.0000605. If pattern fails I stay out and keep BAT for next opportunity.

Order cancelled:

The price hit 0.000065 but not 0.0000655 - tiny nuance but w/o doing slight adjustment the trade was missed. Now price retrieves and already at 0.0000615. if price reaches and then retraces from approx. 0.00006 levels (which was kind of the target to buy back BAT with a 7-8% profit) then this run of the flag pattern in my opinion can be considered as complete and I am hoping that another flag will follow tomorrow.

If not - alternative pattern may appear. Self-rating of the idea will follow soon if price reaches 0.0000605 shortly.

Comment:

Flag complete. However price went slightly further down to 0.0000586. It questions for me whether next flag pattern will occur tomorrow. Self-rating is 4 on a scale of 5 which means a good idea that almost completed well. The nuance I missed that I was not adjusting my 0.0000655 set sell target slightly lower - e.g. 0.000065 - and as such I missed the trade opportunity completely.