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Basicattentiontoken

Is BAT About to Go Parabolic? Or Still Just Ranging?It's time for an update on BAT! If you've been following my posts, you'll see that I somehow managed to perfectly time the beginning of the recent BAT surge. This was a purely technical breakout, and I'd been watching this one for a while. So far, we've held above the blue triangle resistance fairly well, and we have closed our first weekly candle above it EVER! This is a very strong buy signal. I wouldn't be surprised if we broke out of the second triangle (in orange) and headed straight up towards 7000 and then onto 10000, which is a major long term resistance. That level is where BAT was initially dumped when it came on the market (you can see for yourself in this chart). From there, BAT would explore a new trading range and finally look bullish against Bitcoin. If BAT breaks above 10000, it will likely go parabolic. BATBTC has been ranging for a very long time, but we recently made a higher low, and have closed a weekly candle above a MAJOR long term resistance. This is significant. Of course, this idea will be invalidated if we break back into the blue triangle. That wouldn't be good. For now, there's no reason to assume this will break back down there, so my bias is up. I did enter a short term trade last week (bought near 3800 and sold at 5000), but I do anticipate this to go much higher. I'm diversified enough at the moment and am happy with my porfolio, so I may sit this one out, even if it does break out, but we'll see how I'm feeling : ) That said, the buy setup I'd be looking at is as follows: BUY now, with a stop loss below the blue triangle BUY upon the break of the orange triangle - currenly between 5500 and 5600. TARGETS: 7000 10000 ?????? This is not financial advice, and I'm not a professional. This is my hobby, and I love analyzing this market. This is for educational purposes only. -Victor Cobra
Long
by VictorCobra
BAT - Possible Breakout Opportunity It's been a while since I posted a BATBTC chart, but here we are. I've been pretty neutral on this pairing for a while, and I don't hold a position at this time. However, I want to post this, as I see a pretty big trading opportunity soon. Unlike some other coins, BAT has actually NEVER been bullish against Bitcoin. It was dumped immediately when it came on the market, and has been in a symmetrical triangle ever since, which often would indicate further downside. However, I think sentiment is generally positive for BAT, so I think this is more likely to break out to the upside once the market confirms its reversal. We are inching closer and closer to the long term triangle resistance. If it's broken, I wouldn't be surprised to see a MASSIVE spike in price and volume. Of course, the triangle can break down if there is a sudden loss of confidence in the market, but this is a LONG setup. Potential BUY setup: If triangle is broken. TARGETS: Next triangle resistance (green X), in the 5500 area. 6000+ if that breaks. This is not financial advice. This is a potential setup I'm seeing, and I'm just curious to see if it plays out. I don't hold BAT at this time. -Victor Cobra
Long
by VictorCobra
3
#BAT $BAT/USD Basic Attention Token - #BRAVE - weekly#BAT $BAT/USD Basic Attention Token - #BRAVE - weekly Range .101 - .171 resistance test at top of range .171 btc macro trend uncertain VOL ATR - LONG target .275 support at .101 Long term LONG target .275 If my ideas are helping, please consider using my Binance referral link to trade $BAT message me on twitter @btcbiff for assistance thank you, and trade responsibly - this is my idea not financial advice Binance ref link: www.binance.com
BLong
by btcbiff
BAT-BTC Long Trade PlanCommodity : BASIC ATTENTION TOKEN Trade Type : LONG Trading Against : BITCOIN Entries : Double-UP Entries throughout the Buy Zone Profit Taking : 25% at each TP point Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on Duration - 1-2 weeks Investment in trade : 5% of the total Trading Balance. Prospective Profit : 18% to 49% Prospective Loss : 10.5% RRR : SL to TP1 is 1.65, SL to TP2 is 2.58 , SL to TP3 is 3.51 and SL to TP4 is 4.45 Buy Zone/TPs/SL price points are marked in the chart as follows Greens - Profit Targets (TPs) Blue - Buy Zone (Entries) Red - Stop Loss (SL)
Long
by CryptoTherapist
2
BAT is inside of a huge symmetrical triangle.BAT is amazing project with quite strong founder and the team. According to TA it's finds itself inside of symmetrical triangle and if it's going to break out we might see a move to red zone on the chart. It's only one of potential TPs, hypothetically price can go even higher. However if price going to break down the triangle we might see some bearishness. In this case good opportunity would be to catch in the green box price range or even below that. It's not a financial advice. Trade carefully and good luck!
by elefante
BAT approaching a bottom?? BAT has been dropping consistently ever since the Coinbase listing, which goes against the typical listing price movement after an announcement but we are in a bear-market after-all We could see that we are currently sitting on the 61.8%FIB level, which has proven to be decent support in the past We do have a lower area of strong demand, which lines up with the 70.5%FIB offering the ideal entry point The current price right now is also a nice spot but with BTC looking weak throughout the week, we could expect to see a dump lower giving us the opportunity to get a better entry point here Bouncing in this demand zone gives the possibility of nice returns as shown on the chart Breaking below this demand area would spell BIG problems for bears and it would most likely fall into a void Thanks guys!
by CM_Trades
There is a trading opportunity to buy in BATETHTechnical analysis: . BasicAttentionToken/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. . The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00096300 to 0.00085900). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00096300) Ending of entry zone (0.00085900) 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 the 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= @ 0.00106300 TP2= @ 0.00117500 TP3= @ 0.00137000 TP4= @ 0.00156500 TP5= @ 0.00180400 TP6= Free
Long
by ForecastCity
BAT (and other altcoins) and ETH doing a danceGrab your partner round and round. One goes up and the other goes down. Good day ladies and gents. Looking at recent price movements for BAT, it's an important reminder of the weight that BTC and ETH hold on the market. Take a look at ETH starting on Dec 18. After 11 days of sideways movements, it finally broke through a line of resistance and went on an 8 day bullish run. Undoubtedly, this was due to the excitement of the upcoming Constantinople upgrade for ETH which is due to arrive on Jan 16. Now let's look at BAT. It's been on a bullish run since Sep 29, an incredible run considering most of the market has been stagnant or bearish during this time. Finally, the bullish run started to run out of steam around Dec 2. You'll notice mostly sideways movement until Dec 18 when it reached the tipping point, the same day that ETH took off on a bullrun. All the money started flowing out of the other altcoins and into ETH. This triggered a big selloff for BAT (and many other altcoins) and BAT continued downward movement until Jan 5. A savvy investor would keep an eye on ETH and BTC as much as their own coins, and and with ETH going on a bullrun, and simultaneously BAT slipping, it was time to exit your position on BAT. Now let's jump back to ETH on Jan 5. You'll notice ETH finally lost momentum and it has started to slide into a bearish pattern. Meanwhile, on the same day, BAT (and many other altcoins) have started to go bullilsh. Again, we have opposite price movements between ETH and BAT, as money flows out of ETH and back into other altcoins. Moving forward, I'd keep an eye on ETH until the Constantinople upgrade is complete. It's tough to know what ETH will do beyond that. I think there will be a strong selloff right before the upgrade (other altcoins will go up) and some selloff has already occurred. There is always uncertainty on how smooth these upgrades will go and what kind of performance increase we'll really see on the blockchain. As for BAT, look at the RSI since Jan 4. It's been mostly in the upper half of the RSI range which is good indicator that it's got a solid bullish position. We might be at the beginning of another Elliot Wave pattern 12345, after our retracment ABC. Watch for retracements during periods of bullish behavior for ETH and BTC. Look for the retracements to bounce near previous lines of support and resistance. The monkey wrench in everything is what will ETH do after Jan 16 upgrade.
BLong
by CryptoKujira
There is a trading opportunity to buy in BATETHTechnical analysis: . BasicAttentionToken/Ethereum 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 44. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00093100 to 0.00082500). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00093100) Ending of entry zone (0.00082500) 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 the 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= @ 0.00106300 TP2= @ 0.00117500 TP3= @ 0.00137000 TP4= @ 0.00156500 TP5= @ 0.00180400 TP6= Free
Long
by ForecastCity