BAT/BTC TA Update (Minor Pump on the way?)BAT/BTC
BAT is on a deep downfall for 25 days already without any minor upward price reaction. It is holding the 100 Day MA as support currently and within the area of 0.618 Fib.
RSI is reaching an overbought condition. I expect a minor pump is due for a lower high to be set during this short term down-trend.
Batusd
There is a possibility for the beginning of an uptrend in BATUSDTechnical analysis:
. BasicAttentionToken/US Dollar is in a range bound 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 33.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.17400 to 0.14600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.17400)
Ending of entry zone (0.14600)
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 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= @ 0.2200
TP2= @ 0.2700
TP3= @ 0.3145
TP4= @ 0.3640
TP5= @ 0.4530
TP6= @ 0.5300
TP7= @ 0.6660
TP8= @ 0.8010
TP9= @ 1.2385
TP10= Free
There is a possibility for the beginning of an uptrend in BATUSDTechnical analysis:
. BasicAttentionToken/US Dollar is in a range bound 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 33.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.17400 to 0.14600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.17400)
Ending of entry zone (0.14600)
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 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= @ 0.2200
TP2= @ 0.2700
TP3= @ 0.3145
TP4= @ 0.3640
TP5= @ 0.4530
TP6= @ 0.5300
TP7= @ 0.6660
TP8= @ 0.8010
TP9= @ 1.2385
TP10= Free
I AM BUYING BATUSDT - MORE UPSIDE POTENTIALFirst, clear 5 wave to the downside is finished.
We saw $0.1327 as local low. It could finished its' longer term correction.
The other possibility is impulsive move to the downside and correction to the upside as ABC.
Whether red ABC correction finish or not, good buying opportunity for me. Either it can play like ABC (big scale) or 12345 impulsive move to the upside.
12H Time frame BATUSDT at good buying zone. I am buyer $0.19 area right now. My stop is at $0.13
I can take profit if i will see 3 wave to the upside (red B play). Then i can add more at red C.
If its going up impulsively i will try to hold my position until $0.5 levels.
If its play like impulsive ;
Entry; $0.19
Stop; $0.13
TP; $0.50
R:R 5.167 which is AMAZING
As a trader have to be nimble and don't forget that it could be ABC correction to the upside still on the table.
I will decide this in action. Follow, share and like for more. Thanks.
Basic Attention TokenI will see it in the short term.
-BATBTC-
It is located near the 0.00002459 point.
It fell from the short-term uptrend line.
If you hold on well, you'll expect a big rise as before.
-BATUSD-
It fell to mid / long-term investment territory.
We look forward to gaining support from the upward trend line.
Bassic Attention Token Historical ChartBATUSD Weekly Chart with Fibonacci Levels, and potential EWT Count.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Basic Attention TokenI'll take a mid to long term perspective.
BATBTC chart was added.
BAT also forms a box section.
It is between 0.00003277 and 0.00005161.
The current position is supported by the 0.00002459 branch that separates the long-term investment area.
We think that we face new opportunity.
We don't know whether it will rise to 0.00003277 ~ 0.00004175, the lower section of the box section, or 0.00004175 ~ 0.00005161, the upper section, but we believe it is worth investing in the medium to long term.
It is supported by the 0.19916000 branch and should be checked to see if it will completely move out of the downtrend line by around December 30th.
As long as we are on the uptrend line, we believe that buying is best done between the uptrend line and 0.19916000.
The primary target point is 0.37662744.
Bullish cypher and up channel can lead the BAT to $2After the drop since Nov 2019 the bear leg is completed coz this is the point where the Cypher pattern is completed and now we are in the potential reversal zone of this pattern.
On 27 of Nov we had a very long bear spike which has hit the bottom of potential reversal zone but the power of Cypher did not let the priceline to breakdown this support.
At this point we have four different supports whom did not let the price action move more down and now they are pushing the price action up.
1. Simple moving average with time period of 50
2. Bollinger bands support where the price action has hit after Sep 2019
3. The Ichimoku cloud support
4. And the most powerful support above all is the potential reversal support of bullish Cypher pattern
The channel has been changed:
Since April 2019 the priceline of Basic Attention Token was moving within a down channel but after hitting the lowest price $0.14660 in Sep 2019 now the priceline has changed its channel and now it is forming an up channel and at the moment the price action is getting bounced from the support of this channel.
If we keep hold the token then this channel can lead the price action to $0.50 between 3 to 6 months, but crossing the 50 cents resistance can lead the price action to $2 before the end of 2020.
However for short term trade we can buy within PRZ area of this bullish cypher pattern and sell between 0.382 to 0.786 Fibonacci projection of C to D leg of this Cypher pattern as below:
Buy between: $0.21094 to $0.18625
Sell between: $0.23047 to $0.27724
Regards,
Atif Akbar (moon333)
BATUSD has completed bullish setup | The BAT may hit beyond $2Despite the Basic Attention Token has very strong fundamentals and real use cases on different platforms we will only see the pure technical analysis in this post.
1st breakout and setup of initial leg:
The price action was moving within a pennant since Mar 2018 and its last hit the support of pennant was On Feb 2019, this was the initial setup of X to A leg of BAT pattern and the price action broke out the pennant resistance on Mar 2019 exactly after a year of the date of entrance in the pennant .
Formation of bullish BAT pattern:
After hitting $0.50 the price correction period started and the priceline dropped down to retest the resistance of the pennant as support but the bulls took over again did not let the price action hit the pennant resistance again in the meanwhile the priceline formed a complete bullish BAT pattern as A to B leg was retrace upto 0.50 Fibonacci then B to C leg projected between 0.382 to 0.886 Fibonacci and then C to D leg retraced up to 0.886 Fibonacci, this movement of the price action was perfect as required for BAT pattern .
Now the price action was supposed to take bullish divergence from this potential reversal zone which it has almost taken and now it is moving up.
The indicators and oscillators:
Stochastic has given bull cross from oversold zone and strong bullish .
MACD is turned weak bearish form strong bearish and now turning strong bullish soon just wait for bull cross from the MACD its mean that MACD is clearly indicating that the real game is not started yet, it will begin after when the MACD will be turned strong bullish .
Volume oscillator is moving up and this time it is assigned to bulls.
Price action went very close to lower bands of Bollinger bands but did not hit at the support ever, but this time in Aug 2019 price action has hit lower bands 1st time ever in the life of Basic Attention Token and bounced form this support.
The moving averages:
In above figure you can see in Mar 2019 the exponential moving averages EMA 10 and EMA 20 both moving averages crossed down the priceline one after another and lifted the price action up and formed a golden cross which produced a powerful bullish divergence same as like that now again EMA 10 and EMA 20 crossing down the price action and expected to form a golden cross soon which will again produce a powerful bullish move.
On day chart in Mar and April 2019 the golden crosses between simple moving averages MA 25 , MA 50 , MA 100 and MA 200 completely formed, and alligator mouth was opened which produced massive bull move same as like that again these simple moving averages are opening an alligator mouth you can see in above figure.
The trade volume:
The volume profile of complete pattern is showing traders interest is very weak at potential reversal zone level and after consolidation the priceline is now moving up and priceline can easily hit the POC level of volume profile .
Volume indicator is also showing that trading volume is also very low during consolidation period.
After getting confirmed from all indicators, moving averages , oscillators and patterns if we place the Fibonacci sequence method to confirm the buying and sell targets then technically the price action should move between below price range:
Buying zone: $0.14712 to $0.23280
sell zone: $0.28328 to $0.42727
But the real bullish setup is just completed on Basic Attention Token with Bitcoin pair's chart which can take the priceline above $2:
On July 28th I shared the chart of Basic Attention Token / Bitcoin where the price action has completed a big bullish Cypher pattern on 2 month chart and entered in potential reversal zone.
If you see above chart then the game is not started yet, it has just formed its setup and ready to produce upto 287% profit.
On this chart the volume profile is showing very weak interest of traders at PRZ or potential reversal zone level and we have a very strong support at 0.00002125 sats which is not broken since Mar 2018.
So when on this chart the price action will start bull move then it can be very powerful bull run coz this is the pattern on 2 month chart, but going above the $2 price is subjected to the BTC price if the Bitcoin will move above the $20K then definitely the Basic Attention will move beyond 2 dollars.
Regards,
Atif Akbar (moon333)
AltCoins that im buying for 2020 #HODLWhat coins are good for next year?
Its alt season gonna start soon?
What are my favorite coins and where i can buy them? Lets find out in the next video traders. Bless
Basic Attention Token ($BAT) is going to get some attention.BAT is currently forming right shoulder of inverted H&S pattern.
Potential entry point is 3341 sats (break of the neck line).
With two potential target profits:
1. 4194 sats
2. 5113 sats
Do not forget about stop-losses.
It's not a financial advice.
Trade carefully and good luck!
BATUSDBAT is rising above 700MA on the daily chart and 100MA on the weekly chart.
If you can form a box segment from 0.28206292 to 0.30073596, you might be able to challenge 0.37662744.
However, it is expected to be difficult to form a box segment, and it will not be too late to trade if we can see if we can keep the price above the 0.24858192 point.
It would be better not to approach too hastily.
BAT believes that those who buy below the 0.24450884 point are more likely to start selling slowly if prices rise above 0.28206292.
BATUSDWe are looking forward to seeing a complete break out of the downtrend line.
It is an important day on November 14 and expects prices to stay above the 0.24858192 point.
If prices fall, we expect to touch the 20MA and 300MA nearby or 500MA points.
As BTC's inflection date is approaching, the price flow is not good.
I should be careful about trading.
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More details here: basicattentiontoken.org
Here we have a textbook example of what we want our biggest positions to look like. The Bears had a 182% run from mid April until mid September until they at last relinquished control to the Bulls. Bat has recovered 69% after shaking off the weak hands and is moving back north with overhead resistance occurring at multiples of .05 . Macd just had a bullish crossover, Stoch RSI is strong and steady, SQMOM is getting ready to turn green. This point in time is still pre-FOMO. What more can we ask for? This not investment advice and I am not licensed to dispense advice. Do your own due diligence. Happy trading!
Only thing I see that might improve this picture is a heavier volume red bar at the bottom pivot in September. What is your take on how the Bear run ended?
BAT Weekly LongMACD, RSI, Stochastic RSI and Squeeze Momentum all suggest that Basic Attention Token has upwards momentum and is about to move higher.
The brave browser is gaining users by the day while the BAT token is seeing increased adoption across a variety of platforms at an alarming rate.
I believe in the product behind Brave and the solution it provides for advertisers. Given the resurgent bullish momentum across the crypto market in recent weeks, I believe anything from .22-.26 is a buy.
BATUSD: Reversal Watch - 2-3x Potential on Positive GrowthAnalysis:
-Lots of action in a relatively tight range for several weeks now, roughly the $0.20 - $0.16 region.
-Alt run in action
-Band hits for default KC 1.25 have been a good indicator for reversal (either way).
-Volume lulls frequently lead to high volatility periods, and has shown on this chart.
-21w ROC has a well-validated buying level at roughly -65%.
-A higher low here, especially with 0.236 acting successfully as support, would likely imply a higher high with 0.786 being a likely scenario. This may hint at a long-term reversal for BAT, as it may finally make the switch from LH,LL,LH.... to HH,HL,HH.... Could the growth of Brave browser users and publishers be the impetus for this reversal?
With the alt season already running at full steam, it's tough to choose which alt will have the best returns. LINK, BAT, XRP, and several others will be fierce competitors for money pouring out of BTC. Interesting times indeed.
BATUSDWe expect the BTC's inflection date to begin on November 10th at 11:00 UTC.
This is expected to affect the price of BAT.
The next inflection date for BAT is around November 14.
If you succeed in keeping the price above the 0.24450884 point around November 14, you are likely to challenge the 700MA and 200MA.
If it fails to hold the price down, it should maintain the price above 500MA, leaving room for another major coin to rise.
It is important to stay out of the historical downtrend line and maintain price above 0.24450884.
It is likely to rise above 0.30073596 point.
If you climb above 0.37662744, it's surprising.
I think it is good not to expect too much rise this year.
(An inflection day is a day when price changes are severe or the flow can reverse or rebound.)