BAT - Correction AnalysisBAT have a 130% profit run on last week and good peak with big volume.
What it can tell to us?
* 130% run means that this rise cycle is over and now we will have correction.
* Now we moving in A wave - and this is good because you can get nice B wave run
* Like any bullish and emotionals market on the peak we going down hardly and this is ok
What should you do if you bought a peak around?
* Selling now equal selling around bottom
* Need to wait B-wave and sell there
* Learn a lesson about buying x2 profit market near the peak
When rebounce and B wave start?
* According TA we have 2 levels with big support between 3650 and 3870
* Reversal can happen in any moment on this levels
* For B-wave targets we have also 2 levels (major resistances) between 4400 and 4870
* To understand real target we need to watch price action near this levels
What this run means and when we go higher?
* This run was fast and this is only first wave of big cycle
* Correction after first wave need a time to shake weak hands and market consolidation
* 3 weeks for rise and 2-3 months for correction is normal but we can see some good action if all crypto start to rise (mean Bitcoin)
* Be carefull about your waitings on big run till the end of november becase probability of x2 run is small - as I say we need to correction
Push the like you this info help your trade and help to understand this situation!
Basicattentiontoken
BATBTC Basic attention token small rebound expected, not rallies
Followup article for the previously written 'BATBTC still not reaching the ground'.
Price 0.00004200 at that time, now the price dropped below 0.0004 (0.0003949 when this note is written)
Questions would be: what would be the right time to buy for the next rally?
First, the trend is still considered bearish because:
1. RSI bearish divergence
2. KDJ bearish divergence
3. MACD DIFF bearish divergence
So further falling of the price is still expected, however, rebound may happen as the price is now at the lower boundary of the Bollinger.
Buying signals for a 'Rebound':
1. Reaching the support by 50SMA / 50EMA (about 0.0000375 for now)
2. Reaching the support from the last rally (also somewhere between 0.000037-0.000039)
3. Stochastic %K still not reaching oversold zone for now, may need to wait for that as well
(Though from the last rally, the magnitude of rebound seems little)
$BAT? It's Done. GET THE F- OUT HERE!BAT has tremendous growth in bear market for coinbase listing expectations sentiment and i did get listed. As it reach the repeated peak price level, the price crumble.
Looking forward to touch the fibonacci level @ 0.236 if the Bitcoin price and crypto market as a whole are still side way for few months ahead.
But however even so, the party is over. Catch some other potential like XLM, ADA or ZEC for the next listing sentiment.
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If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
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BAT gets listed on Coinbase!!!
BAT just got listed on Coinbase
EMAs continue to trend upward providing support for price
We have broken past resistance that just turned into support
Tapped into supply zone above before returning back lower under resistance
We could see a pullback as traders take profits from this 30+% rise at one point
We are looking at the demand zone below for a possible entry target to ride this back up near the highs
Thanks guys!
A trading opportunity to buy in BATUSDTechnical analysis:
. BasicAttentionToken/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. The price downtrend and the RSI downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.175 to 0.130). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.175)
Ending of entry zone (0.130)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.242
TP2= @ 0.278
TP3= @ 0.312
TP4= @ 0.362
TP5= @ 0.424
TP6= @ 0.516
TP7= @ 0.676
TP8= @ 0.903
TP9= @ 1.043
TP10= Free
A trading opportunity to buy in BATUSDTechnical analysis:
. BasicAttentionToken/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. The price downtrend and the RSI downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.175 to 0.130). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.175)
Ending of entry zone (0.130)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.242
TP2= @ 0.278
TP3= @ 0.312
TP4= @ 0.362
TP5= @ 0.424
TP6= @ 0.516
TP7= @ 0.676
TP8= @ 0.903
TP9= @ 1.043
TP10= Free
Basic Attention Token (BAT) will be added to Coinbase?Recent rumors are that BAT might get listed on Coinbase, as was mention in the Coinbase report. In the report, it was mentioned that some cryptocurrencies like Basic Attention Token, Stellar and Cardano might be considered for addition in the Coinbase listings.
On the 11 October, 0X has been added to the Coinbase and since then price is up by over 30% against the Bitcoin ( the link to our 0X idea is down below) While the BAT addition remains just rumors, market has already reacted and today price already went up by over 20%, hitting 3.8k satoshis high.
This week trade volume has remain at a steady high rate, as the price was producing higher highs and higher lows. Today it broke above the 38.2% Fibonacci retracement level, and seems BAT is heading towards the next Fibs near 4k satoshis area.
The resistance is confirmed by 50% Fibs along with the upper trendline of the extended descending channel. If broken there should be more upside potential, but upon rejection price should correct down. The correction could end either at 3.5k or 3.2k support levels.
Support:
1. 0.00003500
2. 0.00003200
Resistance:
1. 0.00003940
2. 0.00004380
3. 0.00005015
$BAT Holders! Save 20% If You Sell Now and Buyback Later!Despite of potential Coinbase's listing news, the chart seems not friendly right now. BAT having 1.5 billion total supply and 1 billion circulating based on coinmarketcap and has been a year+ since it's listing right there. BAT token seems like having less volatility compared to others but still we need to consider this move and unprofitable one, or... a wise one?
So basically the chart that i draw an Elliot Wave on it, plus a certain RSI level heading south along with the price action. So based on this if you sell now and buy back at the red box (if achieved), you'll have 20% more on your holdings.
Not only that, if, something happened towards BTC price which is one that related to my opinion here is go downward, it will affect BAT price either. That probably will breaching our next supports.
Trade safe!
A couple entry prices for BATBTCFib retracements levels of confluence showing support and resistance levels.
I'd be wary of entry until we see a MACD crossover.
This is looking a big like a head and shoulders play.
Entry between 0.00003634 and 0.00003387.
Looking to take profits at 1.618 and 2.618 on a bull run.
Stops around 0.0000313
Establish a trading plan and execute.
BAT – BasicAttentionToken – 100% profit possible - short-termHi Traders!
We’ve observed BAT since a couple of weeks and finally, we have a solid confirmation of its uptrend.
So here are the details of the technical analysis:
• Price has bounced from the previous support at 2115 st and still in the micro uptrend
• Chaikin Money Flow – very strong pressure on the price
• MACD – positive convergence
• Fibonacci scale – very low at Trend Based Fib-Extension
• Weis Waves – supply has evaporated – nobody to sell = price is going up
• Ichimoku Cloud – just crossed TenkanSen on the daily chart
• 1st target to achieve – 3364 st (Fib scale)
• 2nd target to achieve – 4137 st (Fib scale)
• 3rd target to achieve – 4767 st (Fib scale)
• 5th target to achieve is 5400 st (last peak which aligns with Fib scale)
• 6th target to achieve is 6293 st (penultimate peak which aligns with Fib scale)
So Guys. This trade can take up to 6 weeks with many swings on its way. Be patient. Don’t panic.
Future is bright. Don’t forget about that!
HUGE Hugs!
WBM Team
There is a possibility for the beginning of an uptrend in BATBTCTechnical analysis:
. BasicAttentionToken/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002480 to 0.00002080). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002480)
Ending of entry zone (0.00002080)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00002900
TP2= @ 0.00003100
TP3= @ 0.00003410
TP4= @ 0.00003830
TP5= @ 0.00004240
TP6= @ 0.00004820
TP7= @ 0.00005570
TP8= @ 0.0000678
TP9= Free
There is a possibility for the beginning of an uptrend in BATBTCTechnical analysis:
. BasicAttentionToken/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002480 to 0.00002080). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002480)
Ending of entry zone (0.00002080)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00002900
TP2= @ 0.00003100
TP3= @ 0.00003410
TP4= @ 0.00003830
TP5= @ 0.00004240
TP6= @ 0.00004820
TP7= @ 0.00005570
TP8= @ 0.0000678
TP9= Free