Batusd
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.
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.
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 Charting Predictions - When to buyLooking into the technical analysis of BAT, The next 2 weeks would be a good time to buy at a low price.
BAT has a huge potential and is a great long term investment. It hasn't had much movement yet but this should change, once more news and updates are released. I will be keeping a close on BAT, currently $1000 would buy you roughly 5,230 shares.
Key Team Members
• Brendan Eich, CEO, co-founded Brave. Created JavaScript. Co-founded Mozilla & Firefox.
• Brian Bondy, Lead Developer, co-founded Brave. Previously: Khan Academy, Mozilla, Evernote.
• Scott Locklin, Senior Engineer, Co-founded Kerf Software. Machine Learning, Forecasting & Quantitative Finance.
• Bradley Richter, Head of Design, Previously: EFI/Fiery, Co-creator: eBeam & Luidia, Percipo. Advising Circullio.
• Catherine Corre, Head of Communications, Previously: AOL, Netscape.
• Marshall T. Rose, Senior Engineer, PhD from UC Irvine, co-creator of SNMP and
was with the Internet Engineering Task Force.
• Brian Johnson, Senior Engineer, was previously at JD Power and Korrelate.
• Luke Mulks, Senior Ad-tech Specialist, for technical incident response, investi- gation, support & issue resolution for ad tech and the Brave Browser. Devel- oping/advising on ad tech and tracking threats that Brave shields users from (pr/blog).
• Aubrey Keus, Senior Engineer, Previously: Pulse360.
• Yan Zhu, Senior Engineer, EFF Fellow. Previously: Yahoo, Tor Project, HTTPS Everywhere, Privacy Badger.