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Batseason2019

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/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