EW ANALYSIS: BATBTC Ready To Jump?!
Hello traders!
Today we will talk about Basic Attention Token against the BTC. (BATBTC)
Well, cryptocurrencies look more and more interesting in 2019 after that long and big correction in 2018. So, one of those cryptocurrencies which can be showing a clear pattern and some nice bullish evidences is BATBTC.
What we see is a completed big (A)-(B)-(C) correction from January till September in 2018, from where we can clearly see a five-wave rally into the first wave of a bullish cycle till November of 2018, where price dropped again in an A-B-C correction of a lower degree.
And, as you can see, in February of 2019, we have seen a nice bounce, exactly from important 78,6% Fibonacci retracement and 0.000030 psychological support level.
We believe that BATBTC has formed a nice bullish setup here that can be pushed into an explosive third wave towards 0.000093 - 0.00011 area! But, to confirm our wave count, we need a break above 0.000060 bullish confirmation level before it drops back below 0.000030 invalidation level!
Trade well!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Today we will talk about Basic Attention Token against the BTC. (BATBTC)
Well, cryptocurrencies look more and more interesting in 2019 after that long and big correction in 2018. So, one of those cryptocurrencies which can be showing a clear pattern and some nice bullish evidences is BATBTC.
What we see is a completed big (A)-(B)-(C) correction from January till September in 2018, from where we can clearly see a five-wave rally into the first wave of a bullish cycle till November of 2018, where price dropped again in an A-B-C correction of a lower degree.
And, as you can see, in February of 2019, we have seen a nice bounce, exactly from important 78,6% Fibonacci retracement and 0.000030 psychological support level.
We believe that BATBTC has formed a nice bullish setup here that can be pushed into an explosive third wave towards 0.000093 - 0.00011 area! But, to confirm our wave count, we need a break above 0.000060 bullish confirmation level before it drops back below 0.000030 invalidation level!
Trade well!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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