BTC USD Bat Harmonic TargetsBARR (Bump and run pattern forming after the XABCD Bearish Bat Harmonic Pattern at D (entry point)
Entry Level around 30k, and then 2 x Retracement Targets at 0.618 and 1.272
Batbear
BAT correctionHey guys,
This analysis will be about one of my favourite Long-term investment opportunity : The BAT Token
As we can see,a well-respected triangle formation has been formed since December 2017.
The overall trend is bullish,but at this moment,BAT is a little overbought.
I am expecting to see a correction in the near future.
How to trade: I believe that it is best to stay out of this token for the time being.If it drops back to 3.2k sats( as i sincerly expect),that would be the time to place a buy order,with a ''safety net'' at 2.8 k sats,in case things go south.
Either way,keep an eye on BAT,as rumours have it,that Youtube will choose to implement this as a donation method,just as Twitch did in March 2018.
None of this is trading advice,as it only represents my opinion on how things will evolve.
If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) )
BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ
ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5
For any questions,leave a comment down below and i will answer as soon as i get to see it.
Cheers!
