BAT ready for BULL RUN - (Currently at MONTHLY SUPPORT)#BATBTC Technical Analysis Update:
Reasons for BULLISH MOVE:
1. BAT is currently at a monthly level(Support) around 2125 sats.
2. BAT is also near the DEMAND ZONE. If we look back on 30 SEP 2019 (BAT was in DEMAND ZONE, After which it did 75 % percent UP MOVE), right now after 1 year, again we are in the same DEMAND ZONE.
3. BAT back in 04 MAY Week was also in DEMAND ZONE, after which it went again 75% up. So whenever, BAT comes into DEMAND ZONE, it flys afterward.
4. BAT has been in accumulation ZONE since DECEMBER 2019, so huge breakout can be expected in coming weeks.
5. BAT Price has been fallen in the last month but the important thing to note is that there is no selling volume. The amount of distribution volume is very low, which means the downtrend is not supported by the volume. and we can expect BULLISH move.
Reasons For Bearish (In case)
1. Bitcoin Dominance can cause all the ALTS to PUMP & DUMP. Always watch out the levels of bitcoin dominance.
If Bitcoin Dominance Increase & Bitcoin Price Increase >>>> Then Alts BLEED/DUMP/BEARISH
If Bitcoin Dominance Decrease & Bitcoin Price Increase or Sideways >>>> Then Alts PUMP/MOON/BULLISH
If Bitcoin Dominance Increase & Bitcoin Price decrease >>>>> Then ALTS DUMP >>> Accumulate FIAT(USDT) in that situation.
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