BATBTC looks ready for the next leg. This setup is very similar to AIONBTC which I posted about last week and updated today. NANOBTC is leading this ALT market and AION followed, and now it appears BATBTC will follow as well based on this setup of a Classic Wave 1 into a bullish wedge Wave 2 ready for Wave 3 breakout.
Comment:
Waiting on volume.
Comment:
Breakout confirmed, just missing the volume necessary for a real push.
Trade closed manually:
Taking profit and exiting this play. There are too many other ALTS that have fallen much further in the last month that present better opportunities than BAT at the moment. The pattern is there on the chart, but there is too much resistance right above the breakout point that is preventing this coin from making that 10-15% run I had hoped for. I think money would be better spent on coins like XVG, TRX, or others that spent the better part of July and August nose diving to year-lows.
