hey everyone!
Thought I should do an update on this sense I hear its what all the cool kids are buying.
BAT/USD looks good.
from a chart pattern it looks like it has completed a ABCDE descending Triangle which is just dying it break out.
The whole 2018 it has spent its life in the triangle and it will break out now... or in a few months. It can go down more and bounce again. NOTICE Yellow A C and E have multiple touches to the bottom trend line.
NOTICE the MACD. When the MACD crosses it can go up or down... BUT, look at those RED boxes. they are lined up with the Green boxes on the chart. Every time we cross UP above the histogram we go up. When we break upwards from the PURPLE line on the histogram.
What I am saying is this will continue upwards just like every time we have crossed above that middle line.
We don't have to go up too much but look. Every time the red boxes break above the green boxes on the charts are also being hit. meaning this is the time to go up basically lol... sorry for being confusing.
we MAY hit the top trend line and come back down. thats possible, but its also likely to shoot out from here.
This will all be dependent on BTC. Will BTC correct and bounce up? or will we make a new low?
this will be determining factor.
Thanks for Reading!
usually these are shorter and much more to the point.
Thought I should do an update on this sense I hear its what all the cool kids are buying.
BAT/USD looks good.
from a chart pattern it looks like it has completed a ABCDE descending Triangle which is just dying it break out.
The whole 2018 it has spent its life in the triangle and it will break out now... or in a few months. It can go down more and bounce again. NOTICE Yellow A C and E have multiple touches to the bottom trend line.
NOTICE the MACD. When the MACD crosses it can go up or down... BUT, look at those RED boxes. they are lined up with the Green boxes on the chart. Every time we cross UP above the histogram we go up. When we break upwards from the PURPLE line on the histogram.
What I am saying is this will continue upwards just like every time we have crossed above that middle line.
We don't have to go up too much but look. Every time the red boxes break above the green boxes on the charts are also being hit. meaning this is the time to go up basically lol... sorry for being confusing.
we MAY hit the top trend line and come back down. thats possible, but its also likely to shoot out from here.
This will all be dependent on BTC. Will BTC correct and bounce up? or will we make a new low?
this will be determining factor.
Thanks for Reading!
usually these are shorter and much more to the point.
Comment:
nice! moving very nicely!
Comment:
BOOOOOYAHHHHHHH!!!
Trade closed: target reached:
Look to close soon.
