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BATBTC

Basic Attention Token Finds Support, Ready To MoveBasic Attention Token (BATBTC) is getting ready to move... It retraced all the way below the 0.786 Fib. retracement level from the last bullish wave. A strong bounce is also in place today with a full green candle. Bullish divergence is also showing up on the MACD and RSI. Multiple scenarios plus support and resistance levels drawn on the chart. Basic Attention Token will resume its uptrend in the coming weeks. Thanks a lot for reading. Namaste.
by AlanSantana
6
BAT/USDC: Consolidation before big moveWith Bitcoin, Ethereum, and Litecoin all rallying the last few hours, BAT has been maintaining a strong consolidation trend. It looks like the first week of June will be the moment of truth for BAT/USDC. Since bulls have taken over the market we've seen a return of a raging bull market. A realistic outcome would be for BAT/USDC to have a violent move up somewhere around June 5, similar to what we saw a few weeks ago. A conservative target would be $0.60 by middle of July, possibly touching $0.75 for a moment before backtracking. My previous prediction of consolidation in this range is turning out to be accurate, and my target of $1.00 by end of summer is still on track. If the market does go bananas like 2017, we could even see more upside but I want to remain realistic. BAT/BTC ratio remains suppressed more than I would have thought. However, that's not entirely surprising now that bitcoin has taken the lead role in this bull market. Keep an eye on breakouts this weekend. It feels like social media is buzzing right now and all of the trading groups are expecting big moves this weekend, most likely to the upside. If BAT breaks out of its triangle before June 5 all bets are off and we could see $1.00 even earlier.
by cryptocrude
1
BAT/BTC: Ready, Aim.... Yesterday's volatility brought some reality into the markets. (We can't just go straight up forever?). Even with a 20% retracement we are in a healthy bull market and now is the time to start poking around the alt ratios and finding some deals. Well, take a look at the chart above for the BAT/BTC ratio. Everything indicator is telling me that BAT is about to run 2x versus BTC. The last few times BAT was this low against BTC we went about 2x and I don't see why today would be different.
by cryptocrude
BAT/BTC: Something's Gotta GiveAs shown (predicted?) in one of my previous charts, BAT price against USDC appears to be stabilizing. However, the last few days and weeks BAT has been getting crushed against BTC and traders are no doubt feeling the pain emotionally and financially. "Should I dump BAT for BTC or ETH?" has crossed my own mind, so no doubt it's crossed yours. Should I FOMO from a consolidating asset into an overextended, overheated blue chip? Well, I guess when I put it that way it seems obvious, and looking at the ratio it appears BAT may be heading into oversold versus BTC. Take a look at the highlighted areas in Price, RSI, and MACD. This is not the best time to would flip BAT for BTC, in fact if anything I think these indicators are flashing a red hot stinking Sell BTC for BAT. With BTC appearing overheated we should see a rotation into alts like BAT, but the big question is whether the USD/USDC price will follow?
by cryptocrude
BAT/USDC Profit Taking and ConsolidationOvernight, savvy traders saw the opportunity for a quick flip with BAT hovering at highly oversold territory. A big bounce off 0.27 burst through the Correction Channel convincingly and those who made a quick 20% in the span of a few hours will be locking in profits. Look for a brief selloff in the near term followed by some consolidation. Watch the price action for confirmation of strength to the upside. BAT has declined roughly 50% from its recent highs. As a result, the probability of further sell-off is declining and risk/reward is tipping toward the bull case. BTC continues its grind upwards as traders watch in disbelief. As the bear-clouds clear from the horizon and bulls take control, BAT will be the beneficiary of the Bitcoin tide rising all boats. TLDR: Consolidation in near term through the weekend, followed by growing probability of more strength.
by cryptocrude