This is a price hypothesis for BAT/BTC based on Elliot Waves, Fibonacci Ret (0.5 on Ret 90 at 1 day chart) and exponential moving averages.
The EMA 20 would act as a trigger for the 5th wave crossing the 0.5 Fibonacci (the middle line on the purple rectangle).
So, now we should load BAT on it’s way towards the EMA 20 and sell on top of the working area (purple rectangle)
Good trades to you all!
The EMA 20 would act as a trigger for the 5th wave crossing the 0.5 Fibonacci (the middle line on the purple rectangle).
So, now we should load BAT on it’s way towards the EMA 20 and sell on top of the working area (purple rectangle)
Good trades to you all!
Nota
We reached the expensive part of the working area and the market reacted with a red candle. We can still go up and we will probably test the resistance again, but without enough strength it will go the opposite direction.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.