SUMMARY
Basic Attention Token (BAT) has two impregnated rounded bottoms within an ascending right triangle. When you get multiple patterns embedded within another larger one, the bullishness is highly strengthened. There is no better confluence of patterns to indicate that the direction of price is UP! The below chart shows the precise execution of such condition. Target is $1.24 or 121% Profit Potential!!
The BAT/BTC pair has done a breakout from the bullish downward pointing symmetrical triangle. This breakout occurred in an impulsive manner which is the best and earliest indicator of a trend reversal. This means that the correction is complete and price will start putting in higher highs and lower lows. Elliott Waves shows that target to be 12482 Satoshi!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**