Get started

Batusd

MY MINIMALIST ANALYSIS FOR THE BASIC ATTENTION TOKEN$BAT 10.28.21 2219H +8 SINGAPORE ALERT: ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE AN AREA OF OPPORTUNITY at this ZONE FOR AN ENTRY Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. "FOLLOW THE WHITE RABBIT!" HOW TO USE THIS MINIMALIST CHART Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.) It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur, while the SMALL BOXES (Tops and Bottoms) are MINOR pivot points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS and even if you wish to hold longer for a CONSERVATIVE MAXIMUM TARGET AREA OF VALUE (Depending on, if the conditions are right.) At times I include WAY BEYOND PARABOLIC Price TARGETS. Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, and especially your Fibs, Market Dynamics, and trading psychology. The above-mentioned is sufficient enough as a major deciding factor for this MINIMALIST CHART. Note: That This CHART is best used without indicators. (As we all know, they lag.)
COINBASE:BATUSDLong
by The_Crypto_Samurai
1
Basic Attention Token (BAT) for a move up to $2 before year end!Basic Attention Token (BAT) From a fundamental standpoint, BAT is one of the most exciting small-cap blockchain projects out there with a remarkable long-term growth potential. This comes from the fact that while many cryptocurrencies promise big things, the Basic Attention Token is one of the few and far between blockchain based businesses that actually have the tools they need to solve a real-world problem that we are facing today. The Basic Attention Token aims to disrupt and substantially improve the filled with controversies $330 billion digital advertising industry, which many believe that is currently failing its users, publishers and advertisers. BAT has already made meaningful steps towards resolving the large number of endemic inefficiencies and privacy violations hobbling the digital ad industry as it aims to make crypto and DeFi accessible and useable for everyone. BAT has seen stunning results since its integration into the Brave browser’s first global private ad platform: 30 million monthly active users, 10 million daily active users, 1 million verified creators accepting BAT, millions of wallets created, thousands of ad campaigns with leading brands, and growing utility in the most innovative names in blockchain gaming. The results make BAT one of the most, if not the most, successful alt–coin projects to date. Furthermore, we’ve received braking news today that the largest crypto asset managing company, Grayscale Investments, has decided to double down on its bet on altcoins and has purchased an additional 188,991 BAT over the past seven days; 1,141 LINK in the last week and 8,823 in the past 30 days; 2,416 FIL in the past week and 5,121 over the past 30 days. At the moment, Grayscale holds $39.634 billion worth of Bitcoin, $13.438 billion in Ether, $6 million in BAT, $9.4 million in LINK and $6.1 million worth of Filecoin. We believe that this is expected to be a huge catalyst for a major price appreciation moving forward, as it significantly strengthens the investment thesis for BAT. From a technical standpoint, after the most recent price surge where the price almost tripled in a matter of just few trading sessions, rallying from the $0.60 level all the way up to $1.53, we are now presented with an attractive buying opportunity for BAT at around $1.04 per coin. The recent more than 30% correction came as a no surprise due to the expected heavy profit taking that took place after that 300% rally. However, as you can see on the chart, the price structure looks very healthy as BAT is trading above all of its major moving averages 5, 20, 50, 200 EMAs. In addition to that, we must point out that the corrective movement stopped right at the upward sloping trendline support (blue line), which also coincided perfectly with the 61.8% Fibonacci Retracement on the 4H chart. Both the RSI and Stochastic oscillators have also retraced from overbought conditions and are turning higher as we speak. We are also seeing an ascending triangle forming on the 4H chart, with a neckline at around $1.25. We expect the price to push through the resistance lying at $1.25 in the next 3-5 daily trading sessions. Once the break is confirmed, BAT will take off towards its next major level of around $1.90-2.00 per coin. Since BAT, is still a small-cap cryptocurrency with a total market cap of only $1.5 billion, our long-term forecast for BAT shows that it has the potential of reaching the $4-6 per coin range. From a risk-management standpoint, we will look to place our Stop Losses immediately below the 50-period EMA on the 4H chart at around $0.84 in case of a sudden price failure. However, in an event where we see BAT moving sharply lower, we will be looking to buy more of BAT at a discount as we firmly believe in the long-term growth prospects for the Basic Attention Token.
COINBASE:BATUSDLong
by DowExperts
2
BAT - Trying to breakoutBAT/USDT 1D/4H Learnt an important lesson here in understanding of liquidity and market manipulation. My initial analysis of BAT correctly predicted the next move into the target area of resistance. This was a great call for a spot buy around the price level $0.67, it has a long way to go and is a great fundamentally strong coin. The volume on this daily candle shows the largest since march near the top. The long idea posted was stopped out for break even after initially heading towards the target before being triggered after the correction we had caused a lot of volatility. Looking at the analysis now, price corrected into the golden fib and 4H horizontal demand zone, formed a series of bullish triangles to induce buyers into the market and position themselves long from this area, a false breakout then occurred before the sharp move down liquidating longs and heading into the 4H demand from the origin of the breakout as shown on the chart. This collected any unmitigated orders in the zone before creating an imbalance and causing an explosive move to the upside. Using the fixed volume profile we can see areas of volume from the high volume nodes across an area of price action, using supply and demand we can identify the candle where the order block of unmitigated orders is located and back check it against the volume profile. We rejected off the resistance level and major downtrend resistance, watching for a breakout of major downtrend resistance and hoping to add some of this to my portfolio on the corrective wave and retest.
B
by marshyyy
BAT moving north soon?BAT has been working its way through a triangle on the 1-day chart, bouncing below and above the 200 and 55 EMA (purple & yellow) in the process. Currently, the price sits as a green candle right below the purple 200 EMA. The "1 day, 200 EMA strategy" says that you take a position when the price action goes north of the 200 EMA and exit a position when the price action dips back and breaks through to the 55 or 200 EMA as support. Understanding this, if BAT breaks north through the 200 EMA (resistance) it could begin opening and closing candles north of the 200 EMA. The strategy says that this is where you consider a position and watch for a run north, monitoring the 55 and 200 EMA as it runs. Right now BAT is hovering below the purple 200 EMA. Until it breaks through it and holds it as support I remain neutral. The RSI looks to be in an uptrend as well. The RSI uptrend level of support is shown with the white trend line. Not financial advice obviously, simply for educational purposes. Make your own trades, that is what it is all about. Peace friends!
B
by ChrisThiessen
3