Approaching a failure of the head and shoulders pattern BATBTCBasic attention token is bullish again! The basic attention token to bitcoin chart is approaching the height of the right shoulder on the recent head and shoulders pattern. If it breaks this, the new target will be 0.00002832 BTC. (Note my previous charts with the downward target had slightly overestimated the height of the head above the neckline. I use the more accurate measurement here).
Basicattentiontokenbitcoin
BATBTC formed Gartley on 2 week chart | Upto 59% move expectedA formation of big bullish harmonic Gartley pattern:
At one side the Basic Attention Token with Bitcoin pair has formed a very big bullish Shark pattern on 2 month chart that I have already shared however for reminder I will again share that 2 month bullish Shark chart again.
Within that big bullish Shark pattern on 2 week chart the BAT has formed a big bullish Gartley pattern that can also help the execution of bullish Shark pattern that is formed on 2 month time period charts.
Let’s dig the pattern deeper to see how perfect it has been formed.
Intial leg was started in Sep 2019 and ended on Oct 2019, after initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.618 to 0.786 Fibonacci and now entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Buy between: 0.00002289 to 0.00001973 sats
Sell between: 0.00002539 to 0.00003138 sats
So this trade can has capacity to produce upto 59% big profit.
Stop Loss:
The potential reversal zone area that is up to to 0.00001973 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
BATUSDT formed bullish Butterfly | Upto 24% moveA formation of harmonic bullish Butterfly pattern:
This time on daily chart Basic Attention Token (BAT) with Bitcoin pair has formed bullish Butterfly pattern and entered in potential reversal zone and ready to move up at any time.
Even though after visiting the buying area the pricline of BAT has already hit 2 times in sell zone but MACD is still turning bullish therefore I am expecting that the price action of Basic attention token will again take powerful bullish divergence to enter in sell zone.
Let’s dig the pattern deeper to see how perfect it has been formed.
After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 01.27 to 01.618 Fibonacci and now entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern should be:
Buy between: 0.00002223 to 0.00002086 sats
Sell between: 0.00002329 to 0.00002587 sats
So this trade can has capacity to produce upto 24% good proit.
Stop Loss:
The potential reversal zone area that is up to to 0.00002086 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own reaserch before any investment.
Basic Attention Token (BAT) Let's add one more alt to the bucket of charts that look good for a long position...
Round bottom, New 60-day high, breakout above key S/R level, Strong weekly/daily momentum, Average volatility, decent Risk:Reward.
BasicAttentionToken/Bitcoin (21 May) #BAT $BAT #BTC $BTC#BUY
BAT has brought very good profit in the previous signal. Currently, BAT is forming a Falling Wedge formation combining Double Bottom formation. We have a big chance to conquer the 6500 zone in this wave
Current price : 4613
Buyzone : buy as close to 4500-4600 as possible
Sellzone : 5200-5700-6500
Stoploss if price is lower than 4400 and consider buying back around 4100-4150
BASIC ATTENTION TOKEN: TAP NETWORK PARTNERSHIP - PROFIT = 24.40%Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 11th of April 2019 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 82.42% PROFIT!!!
The increase in price may also be explained by positive developments including:
>2018
February 24: HowToBasic (Youtube Personality with 10 million subscribers) becomes a verified creator with Brave.
February 24: and Bart Barker (Youtube Personality with 20 million subscribers) asks his audience to download Brave.
March 2: Basic Attention Token announces a million dollar referral program allowing Twitch streamers can earn revenue with the brave browser and BAT!
March 20: Basic Attention Token announces Batify extension for Google 0.09% 0.45% 0.13% 0.15% -0.44% Chrome.
April 4: Brave for Android is nominated for a #webbys People's Voice award.
April 14: Brave hits 2 million Monthly Active Users and Distributes Million Dollar BAT Referral Program to Content Creators.
April 14: Brave added to all desktops at UC Berkeley, Open Computing Facility (OCF).
April 19: Announcement that the Basic Attention Token, the creators of the Brave Browser have secured a partnership with the Dow Jones Media Group (creators of the Wall Street Journal) to provide access of two years of free access to its Barrons.com website or to a premium MarketWatch newsletter. This is believed to change the online advertising landscape and one of the first validations of blockchain tech into online advertising.
April 19: It has also been reported today that Dow Jones Group has begun testing of Brave Software to replace it's reliance -0.70% 1.86% 2.91% on online ads.
May 4: Brave announces partnership with Town Square Media to monetize ad-blocking traffic and test blockchain-based digital advertising.
May 12: BAT/BRAVE Open New Office in London, UK; Presentations in Singapore and South Korea.
May 12: BAT nominated for Best Project in the Crypto Influencer Awards
May 30: Brave notes that it has 2.4 million monthly users, over 400,000 BAT wallets and 6,000 verified publishers including 11,000+ YouTube channels with over 180M subscribers.
June 14: The Wall Street Journal features Basic Attention Token in its "25 Tech Companies to Watch for 2018."
June 20: Brave announces future incentive model with its ad system, rewarding users with 70% of the gross ad revenue in BAT, while preserving their privacy (ads shown in the browser in a private channel to users who consent to see them).
June 20: CNET -1.89% releases article on Brave's incentive model system.
June 29: Brave Browser Adds Tor Option in Private Tabs using the TOR Network.
July 13: Brave Browser passes 3 million users.
July 14: Coinbase announces it is exploring the addition of Basic Attention Token to it's cryptocurrency platform.
(NEW) July 19: Coinbase receives from the Financial Industry Regulatory Authority the green to move forward with a trio of acquisitions that could allow it to become one of the first federally regulated venues for trading digital coins deemed to be securities.
>2019
January 4 2019: Brave announces that it has passed 5.5 million monthly active users of its browser and added over 28,000 Verified Publishers.
January 4 2019: Brave announces that it will be the official browser on the HTC Exodus the world’s first native blockchain phone dedicated to decentralized applications.
January 15 2019: Brave Software announces the addition of Opt-in Ads in Desktop Browser Developer Channel.
January 29 2019: Brave Software partners with Cheddar (a leading post-cable news, media, and entertainment company) to provide free subscriptions to premium Cheddar content for users of the Brave browser.
February 26 2019: Brave Software works with Coinbase on it's Coinbase Earn Features (a product that allows users to earn utility tokens by viewing and completing educational tasks). Approximately $5 million, denominated in BAT, is being designated for this Coinbase Earn opportunity, and 100% of the BAT will go directly to users. This will aim to substantially increase exposure for Basic Attention Token as a cryptocurrency.
February 26 2019: Brave Software announces a partnership with TAP Network allowing Brave users to redeem Basic Attention Tokens (BAT) for real-world rewards offered by over 250,000 top brand partners in the TAP Network. Brave users will be able to redeem earned tokens for hotel stays worldwide, restaurant vouchers, exclusive entertainment experiences, as well as gift cards from top national brands including Amazon, Starbucks, Uber, Apple and many more. They will also be able to contribute to the Red Cross, Habitat for Humanity, World Wildlife Fund, and hundreds of other charitable causes via TAP Network. Brave will be extending this partnership to include mobile platforms by the end of 2019.
The price increase is the result of the positive developments outlined above and a recovery in the crypto markets as calculated using Crypto Market Pulse .
***The "Crypto Bottom", "Crypto Peak" and "Crypto Bull/Bear MArket Indicator" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
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