BASIC ATTENTION TOKEN - Bearish Flag Pattern. Basic Attention Token has begun forming a bearish flag pattern which indicates an upcoming drop. However, this is not to say that a reversal cannot occur, in that case, we would break through the resistance to continue an uptrend. You should use the support and resistance lines in order to hedge your bets on where the price is heading next and whether the bearish flag is going to be successful.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
BATBTC
BATBTC 4H Bittrex 27Nov2017 – RSI bull. div, cumulatingBAT is bottomed out against BTC. RSI shows bullish divergence on 4H-8H charts. Expecting break-out. TP1 potentially at 0.000027-0.000029 zone, TP2 0.000034-0.000036 levels. SL at 0.000016 level.
These are my personal views of potential price action. Please trade carefully!
BAT: Buy NowI have been following the USD comparative of BAT and now looking at the BTC comparative, I see a great buying opportunity for this crypto. It relatively cheap and it has been holding support very well. Especially when Bitcoin has been killing it, it can still hold this support level. This signify a great buying opportunity in my eyes. What are your thoughts?
Basic Attention Token Signal - Reversal patternsAs we can see the Basic attention token is a rather volatile coin - fluctuating often over 20% through it's trading week.
The BAT has been bleeding out for a while now & took a beating between the BCH/BTC civil war but despite this the 1970 resistance mark that held back the BAT recovery has now become it's support line.
This last 20% rally we've seen in BAT today bought to my attention that this is definitely not the first time this has happened - and these 20% spikes actually appear to be following the downward curved trend line that I've drawn - which looks like a strong ascending scallop is forming.
Up to $BAT - Basic Attention Token has Eyes On ItStill cheap with lots of room to retrace, BAT next stop is .00005503 where the 2 recent high gann fan angles meet up (3-1 recent, 4-1 last). That they have a browser (BRAVE) as well with ex-Mozilla CEO Brendan Eich on board, is a fine augur of things to come in the blockchain and internet market, especially when discussing advertisements, the backbone of BAT and the Internet.
Basic Attention Token - Are we bottoming out?We seem to have hit a floor for BAT, unless the currency continues to drop below the support line. It has recently seen a large sell-off due to Bitcoin's parabolic movement, however, I suspect money will flood back into alt-currencies once Bitcoin has finished hard-forking.
Orange - Resistance.
Purple - Support.
Trade the lines accordingly.
BAT 4 HOUR TIMEFRAME BUY WHILE ITS CHEAPBAT 4 HOUR TIMEFRAME. Los Angeles 11:54pm.
Before I go into BAT I want to explain why I think this is an important investment for the long term strategy. Before I got into the crypto space I noticed there were a lot of speculative hype behind coins that drove the price beyond logical understanding. All it took for a coin to gain demand was two things. A pretty name with a logo and a well written White Paper. Not too long ago, Coins didn't have any fundamental analysis because there were no working products/prototype. Eventually over time that had to change and we can see that now. When I first started, I used to say there needs to be a good white paper, a good team, and a working product for people to get my money. In that order, if a coin cannot provide a working prototype/product I won't even bother investing in the company. That being said I'll never invest in an ICO unless I'm looking for a quick pump and dump. I can always make money elsewhere.
With that being said, BAT has been working on a unique project that is live to the public and is competing against Chrome and Mozilla. Brave browser is faster than Chrome and has an integrated blocker that protects your browsing privacy and ads. They have a open source portfolio called github.com/brave that everyone should see for themselves. They are extremely active and they are updating their Github on the weekends. The founder of Brave is also an ex-CEO from Mozilla brave.com The browsing history is encrypted and kept safe from advertisers.
Take a look at their brave.com because it will answer many questions.
Here is their infographic on how the browser communicates with your browsing data and ad shares.
brave.com
Short Checklist:
Buy while its cheap.
Buy for long term strategy.
Buy because they have a working product.
Buy after you check out their web browser.
Green line shows bullish divergence.
BAT 4 HOUR MISSED TREND REVERSALSBAT 4 HOUR Chart Los Angeles 7:06PM
BAT has shown some bullish divergence but it has missed two trend reversals. The price action broke the 100 and found support at 1.618. Lets hope that it won't fall further after 1.618 and that there will be buys coming in from the oversold RSI. I would like to see RSI at the 50 or 60 to feel confident about an uptrend.
BAT Trading Plan - 65% Profit Target Potential this WeekHere is a detailed trading plan for BAT. If everything goes as expected, an easy 63% profit could be made this week.
OCTOBER 6:
A "Mercury" preview is scheduled to release sometime today. This could trigger a quick 10-15% profit potential.
BUY: 5400
SELL AT TARGET PROFIT 1: 5900-6400 SATS (~12% Profit)
The price is expected to dump down to the 1st support line as people sell the news where you can set 50% of your buy orders in the small blue rectangle just above the 1st support, around 5400 sats. If the price dumps below the 1st support line, it should fall down to our main accumulation zone where you can set your 50% buy orders in this zone, around 5000 sats. At that point, your average accumulated BAT price will be around 5250 sats.
October 12-13:
This is the date where devs have promised to release "Mercury" along with all the partnership news. We will start seeing some price action here in anticipation to the release. There is a heavy resistance at 7000 sats so it would be advisable to take profit at the green zone right under "Target Profit 2", between 6800-6950 sats (30% Profit for a total of 42% profit so far). On release, I expect that we will easily break that resistance, but don't buy until we get a confirmation that this resistance has been broken. These buys should be placed at the "Rebuy Zone" at 7150 sats. Our target profit will be at 9000 sats and grabbing profits at 8700-8900 sats is advisable (Another 23% profit for a total of 65% profit).
Good luck! Trade at your own due diligence and remember to ONLY invest what you can afford to lose. This technical analysis is assuming that "Mercury" will not be delayed AGAIN for a 3rd time (It has already been delayed twice).
BAT USD - wait for the breakoutBAT looks promising against rising BTC, however, to go long one should wait for a breakout above the highlighted triangle and 50% Fib level which is around 0.000065 area. Pending buy orders can be placed above the mentioned level, with selling target at 0.00008480 and stoploss at 0.00006.
However, if triangle fails to break above, pending orders should be cancelled, and wait for new buying levels.