Edgy_

May I have Your Attention, please!

BINANCE:BATBTC   Basic Attention Token / Bitcoin
Hello dear crypto friends!

Basic Attention Token is close to breaking 35 cents important Weekly resistance in USD. We changed the Weekly trend already by breaking 16,5 cents lower highs.

First TP zone in that scenario would be 40 cents: 16% profit

Second TP zone would be 50 cents: 40% profit

Accompanied should the move in USD be also by relative strength towards grandpa Bitcoin: Here we have already broken the important Weekly Equilibrium at .55 and successfully retested the breakout. Currently we have a nice Cup & Handle on the 4H.

Good luck & happy trading! ;)

If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)

Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.

Comment: Perfect retest of Breakout.
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Nice Chart, I was in at .15 last night took my profits. Looking at a rising wedge on 1hr, with a GAP ups along the way. I see the formation of a Double top, Will wait, for a possible re-entry.

+1 Reply
Edgy_ Bluechipinvestments
@Bluechipinvestments, Hey buddy, thx for your comment, I was away. Great call! you catched the extended movement, basically retraced from .9 psychological. Now it's trying to hold .7 as support in the direct correlation BAT/BTC.

My TP at 50 cents was reached in BTC/USD, consolidation from here is very normal, since it was important resistance last year.
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I went long in at 0.1 and exited at 2.2 but this beast it just keeps going!!
+2 Reply
Edgy_ Poukitoun
@Poukitoun, awesome that you made some gains. don’t worry, opportunity in trading is all over the place! ;)
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@Edgy_, yes exactly, is better to be conservative and take the gains while you can ;)
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@Edgy_ Buddy cool idea. Thank you very much, make more graphs, cool to do analytics
+1 Reply
Edgy_ IgorPorokh
@IgorPorokh, Thx for your comment! ;) glad you got some value
Reply
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