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BATUSDC

BAT | 2020 Price Prediction: Found Bottom? When you look at the price action in $BAT has started a rally in Dec 2017 and followed by the "accumulation period" from April 2018 to January 2019. Accumulation was followed by an expansion to clear equal highs followed by a reversal in April 2019. We had some distribution period well known as a downtrend. Question is here: Is BAT bottom in? Retested weekly support, followed with expansion and last week lasts expansion 62% retraced. If price can hold above 2440 I can see next targets 3892 sats which is from this point another 50% gain, important level for my eyes weekly is 5025-5778 sats where you should take all your profits from swing long. Why? Look at important pivot which has been many times resistance and was broken only once for some weeks and price immediately went below this important level again. That's why I expect big pressure in terms of sell pressure in this area so you should take profits here as well. Summary: - found a bottom in 2019 - Crossing for the first time on weekly DMA 150 + 200 DMA (last time it has crossed was on Feb 2019 followed by 150% gain) - the re-tested latest expansion, - expecting to challenge 2915 sats soon if it breaks then 3892 sats and - the final long term destination in 2020 is 5500 sats This is a weekly view so take on mind that all outlined targets will not probably hit overnight. __________________________________________________________________________________________________________________ I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content. Telegram: t.me Twitter: twitter.com __________________________________________________________________________________________________________________ I've been analyzing for some time which exchange/broker is best for trading all-assets (crypto, forex, gold,..). PrimeXBT (tight spreads, up to 1000x leverage, 24/7 support, lowest fees, no slippages, no overloads, quick withdrawals, No KYC). go.primexbt.com __________________________________________________________________________________________________________________
by UnknownUnicorn6034472
7
BATUSDT found resistance |all indicators,patterns are bullishOn day chart the price action of Basic Attention Token (BAT) has found $0.1959 and resistance at $0.1487 this support of 0.1487 dollar was found 29 Aug 2019 when the price action took drop more than 29% upto $0.1326 but since then the priceline could not break down this support. Sofar this support has been found very firm therefore we can expect a breakout form here or more sideways move at this level for some more time. Indicators and Oscillators: Price action is hitting the upper band of Bollinger bands and the mouth of bollinger bands is expanding and moving up. Relative Strength Index (RSI) was oversold up till 18 Dec and now bullish. Moving average convergence divergence (MACD) is strong bullish. And if we see the Directional movement the +DI has crossed up -DI and ADX is above 29 level and giving strong bullish signals. On 12hr chart the Ichimoku cloud is turned bullish and lagging span of ichimoku cloud has crossed up the priceline and the price action has also crossed up the bearish cloud on the other hand the chop zone has also given strong bullish signals by turning bullish. Moving Averages: If we see the simple moving averages with time period of 25 50 100 and 200 the we have the same position as we had in Sep 2019 the order of moving averages was as: 25MA was below all then we had 50MA then 100MA and then 200 simple moving average was above all then on 3rd Nov 2019 a complete alligator mouth was opened which was formed with 25MA , 50MA and 100 simple moving average but 200MA was not able to be the part of this alligator mouth and the price action turned bullish and hit the $0.2784 which was the highest point since Sep 2019 to the date of writing. The moving averages are likely to make the same move and 25MA has crossed down the price action and pushed the candles sticks up now the price line has hit the 50MA and 50MA is likely to cross down the price action soon and this will also lead to the golden cross between 25MA and 50MA then a strong bullish divergence can push the price action more to cross up the 100SMA and then the price action will hit the 200SMA and if the price action will be able to cross up the 200 simple moving average then we can see a complete alligator opened mouth between all these simple moving averages and the price action can hit the second resistance level at $0.2695 and if this resistance level will be broken then a strong bull run can be observed. The Harmonic Move: In my previous predicted that Basic Attention Token has formed the Shark pattern and it will hit the projection area of 0.382 to 0.786 Fibonacci of C to D leg of this Shark pattern and below was the article: Now you can see sofar the price action has taken the bullish divergence form the potential reversal zone of this Shark pattern and entered in this projection zone as I predicted Alhamdulillah and sofar it has produced more than 25% gains this is a very positive signal but we need a breakout the 0.786 Fibonacci projection level in order to start a real bull run and as we have see above all signals from moving averages and indicators are turning bullish so it is really possible So guys be ready I hope this prediction will be full filled soon as my previous article however if you have any suggestion and ideas you can share in comments section with me. Thanks and Regards, Atif Akbar (moon333)
Long
by moon333
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)
BLong
by 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)
BLong
by moon333
Is it the beginning of the end or the end of the beginning? #8Trading crypto has large potential rewards but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest or trade the financial markets. PLEASE UNDERSTAND WELL THE SENTENCE BELOW! Definitely not for everyone and there is tons of ways of playing this Crypto game but anything worth while takes some hard work! You have to ask yourself why you are here! My ultimate goal is making money in crypto. If I am not making enough money for the time I put in it, I am out! About 90–95% of the traders / investors lose money on Crypto Market, especially beginners. This is a well-known and publicized statistic. And it’s true! The reasons are manifold: greed, lack of Crypto education, no consistent Crypto strategy, follow wrong people without Do Your Own Research. Usually no more complicated than going to Las Vegas all excited with some cash in your pocket and little common sense or skill in your head! The casino wins. You lose. So why, when the odds seem against you, does Crypto still attract so many new investor every day? Because most people trust in their good fortune and are willing to take the chance for fast profits. But the smart, experienced Crypto investor does not compare himself with a gambler nor a Las Vegas casino person. For the smart investor it’s an art, skill, and patience strategy! The second ultimate goal is to help the crypto community , I want to share everything I’ve learned because knowledge is only power if passed on. Let’s start it! All your trades should end in one of four ways: a small win, a big win, a small loss, or break even, but never a big loss. If you can get rid of big losses you have a great chance of eventually trading success.Too many people do not know how to apply money management techniques. They have no discipline, no plan. Many also overstay when the market goes against them , and wont limit their loses! The key to trading success is emotional discipline. Making money has nothing to do with intelligence or luck. Never gamble if you do not know what you are doing! 7 GOLDEN CRYPTO TRADING RULES 1) Never over-trade 2) Don’t close trades without a good reason. 3) Your stake size should not be more than 2% of your capital on any single trade 4) Do not FOMO, but consider the effects of FUD 5) FOLLOW #cryptoengineering on Twitter - ( I am sharing great things there ) 6) Don’t try to guess tops or bottoms. Let the market show you that it has genuinely made a top or bottom. 7) Never buy or sell just because the price is low or high 8) Risk Only What You Can Afford to Lose Be in a profit at the end of the day! Dont forget The S&P averages 9% per year. In Crypto, So many people want to do 100% overnight and 500% in a week. If you only focus 5% CONSISTENT WEEKLY PROFIT, You will amaze with a result. Guest Trader Series -1 Ed Seykota “In order of importance to me are: (1) the long-term trend, (2) the current chart pattern, and (3) picking a good spot to buy or sell. Those are the three primary components of my trading.” Seykota converted a meager $5,000 investment into an unbelievable $15,000,000 in his client account. In the early 70s, he designed and standardized a commercial programmed trading system. He was the first one to emphasize the price action patterns and chart patterns in the trade market. Seykota’s success came from an intense focus on patterns. TARGET? The charts speaks itself! I’m happy to answer any questions you’ve got! Just put them in the comments below here or under my twitter post. DISCLAIMER : Do your own resource and make your own decisions about where to put your hard earned money. I am not a financial adviser and this is not financial advice and if I really need to tell you this then it’s best to keep your money under a mattress anyway because when you lose it you’ll only blame other people for your mistakes rather than yourself.
Long
by CryptoEngineering
11
BAT/USDC: BAT & Twitter partnership, Watch for breakout Fundamentals: The Brave team just released the ability to tip BAT to verified Twitter users. This alone may change the entire Twitter business model and bring attention to BAT. Price Action: Watch for a breakout above $0.40. We saw an attempt this weekend for a breakout that was quickly sold down just shy of the resistance. Action above the resistance line will be quickly bought up with low volumes on most exchanges. BAT is expected to break into the previous peak of $0.50 and within a day of two blast past it into the 0.70s and 0.80s like the price action we saw a few months ago. Still on pace for $1.00 in a few months. Good luck
Long
by cryptocrude