BAT - Correction AnalysisBAT have a 130% profit run on last week and good peak with big volume.
What it can tell to us?
* 130% run means that this rise cycle is over and now we will have correction.
* Now we moving in A wave - and this is good because you can get nice B wave run
* Like any bullish and emotionals market on the peak we going down hardly and this is ok
What should you do if you bought a peak around?
* Selling now equal selling around bottom
* Need to wait B-wave and sell there
* Learn a lesson about buying x2 profit market near the peak
When rebounce and B wave start?
* According TA we have 2 levels with big support between 3650 and 3870
* Reversal can happen in any moment on this levels
* For B-wave targets we have also 2 levels (major resistances) between 4400 and 4870
* To understand real target we need to watch price action near this levels
What this run means and when we go higher?
* This run was fast and this is only first wave of big cycle
* Correction after first wave need a time to shake weak hands and market consolidation
* 3 weeks for rise and 2-3 months for correction is normal but we can see some good action if all crypto start to rise (mean Bitcoin)
* Be carefull about your waitings on big run till the end of november becase probability of x2 run is small - as I say we need to correction
Push the like you this info help your trade and help to understand this situation!
BATBTC
BATBTC Basic attention token small rebound expected, not rallies
Followup article for the previously written 'BATBTC still not reaching the ground'.
Price 0.00004200 at that time, now the price dropped below 0.0004 (0.0003949 when this note is written)
Questions would be: what would be the right time to buy for the next rally?
First, the trend is still considered bearish because:
1. RSI bearish divergence
2. KDJ bearish divergence
3. MACD DIFF bearish divergence
So further falling of the price is still expected, however, rebound may happen as the price is now at the lower boundary of the Bollinger.
Buying signals for a 'Rebound':
1. Reaching the support by 50SMA / 50EMA (about 0.0000375 for now)
2. Reaching the support from the last rally (also somewhere between 0.000037-0.000039)
3. Stochastic %K still not reaching oversold zone for now, may need to wait for that as well
(Though from the last rally, the magnitude of rebound seems little)
$BAT? It's Done. GET THE F- OUT HERE!BAT has tremendous growth in bear market for coinbase listing expectations sentiment and i did get listed. As it reach the repeated peak price level, the price crumble.
Looking forward to touch the fibonacci level @ 0.236 if the Bitcoin price and crypto market as a whole are still side way for few months ahead.
But however even so, the party is over. Catch some other potential like XLM, ADA or ZEC for the next listing sentiment.
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BAT AnalysisLooks like BAT is getting dumped with the recent Coinbase listing. However I believe this could possibly be a nice pullback providing some possible entries. Shown are the regions and levels I will look for buying to occur. With the 200 ema(red) as an additional coincidence of the blue region.
BAT coinbase stages of release 30 to 40 percent profit target!Coin base announced BAT will be the next coin to be listed ! Coinbase's process for listing happens in 3 stages. The last coin ZRX that was put on about a month ago pumped heavily right around the 4th stage. Another big strength is that BAT token will be the cheapest coin on coinbase at still around under 30 cents i could see it hitting 40 to 45 cents no problem in the next upcoming weeks! It also has made an extended over time head and shoulders idk if that means much besides a small confirmation. I would love to hear people thoughts especially on the downside ! thanks good luck traders STAY PROFITABLE!
A Long Term Perspective on BATI feel like I need to post another analysis on this coin, as it is a classic example of how people get caught up in short term price action without paying attention to the bigger picture. Here is my previous analysis for reference:
In that analysis, I said that we could test 6000 once that bull flag was broken, but it was not able to break the range, so we fell down hard as expected. Currently waiting for some sort of rebound, but seems to be floundering pretty hard so far. The next support is 4100 (where I sold originally). It does need to bounce a little eventually, since it has dropped over 30% since yesterday already.
BATBTC (Bittrex) has been in a downtrend since its inception. It has failed every time to get back to its original BTC ratio. Because of this, the coin has been relegated to a range. This range is actually starting to look like a giant pennant on the weekly chart. Yes, this pennant can break down.
Conditions under which it can break down: We continue to drop hard from here, and fail at 2500, only to continue to the long term bottom of 1000. The fundamental reason for this to happen would be that BAT is not a coin to be held. It may very well have zero use as a store of value or payment method. Yes, people can get coins for free and Brave Browser is cool, but the coin itself may seem to investors to have no real utility, at least when you compare it to other cryptos. Notice that the coins that have performed best over the last year are coins with real payment or network utility (see XLM, XRP, TRX, NANO, BNB, VET, etc.). Based on BAT''s price behavior, investors don't have enough confidence to increase its value. What we see instead is a repeated cycle of pumping and dumping. Since this pennant was created on the breakdown of the 6000-7000 range, it could easily go to the downside.
Conditions under which we can break up: We actually rebound hard soon and break out of this pennant to the upside. Under this condition, I might buy some for long term. Won't really have confidence until we break and hold above 6000 for more than a week though. All the people who dumped BAT on its launch have been playing this range for an entire year and making an enormous amount of money off retail traders like us. These are the people with the most control over this coin's supply. Once these sellers are finally flushed out, we might be able to move up.
-Victor Cobra
20181110 BATBTC still not reaching the groundDownside:
1. Downtrend RSI and Stoch
2. Stoch K >> D
3. MACD fast down-cross slow again, reversal signal
4. MACD DIF downtrend
Upside:
1. SMMA in bullish order
Plan:
1. Not to hodl now
2. Buy till supported by 50SMMA
BATBTC bullish in longer term, look for 50SMMA support signalUpside:
1. Uptrend RSI and Stoch for 2, 3, 4 month
2. Bullish order SMMA
Downside:
1. Downtrend RSI and Stoch for short term (1 month)
2. Stoch D>K
Plan:
1. Bearish for short term
2. Look for 50SMMA as buy signal (also Stoch)
Obligatory BAT UpdateIt's time for an update on BATBTC, since it invalidated my short term short idea that I posted before:
This does not mean that it can't drop from here, but that my perspective is neutral at this time. On my previous chart, I did say that we could target the 6000 long term resistance. We made an attempt, but didn't make it up there. Instead, we got stopped at this descending line (marked pink on this chart).
I think it's too dangerous for me to re-enter, and I have other setups that have a higher r/r ratio. This is just to show you what COULD happen, if certain things play out. This is my favorite kind of analysis anyway.
If BAT stays firmly above 4500 (including short lived dips below), it could complete a bull flag that has a target above the descending diagonal resistance in pink. We wicked above that resistance on the big Coinbase pump, but still got rejected there. We'll need a lot more force to break above that and aim for 6000. There will be a TON of sell orders stacked up all the way to 7000. If we break 7000, then we are officially out of this long term trading range and I may look for a new long term position on BAT.
However, on the bearish side of things, if we break down from here and head towards 4000, we will have painted another lower high on the chart. This is certainly a possibility, since we are currently hovering BELOW the previous swing high around 4589 (this was even before the listing pump). Another interesting thing that happened, is that someone market appears to have sold a huge amount recently (big wick down to 1000). Some buyers got very lucky there. However, this could be a sign of a big whale exiting his or her position, thinking that we won't break the range.
Of course I prefer the short scenario, because then I'll be happier with having sold at 4100 and can re-enter once we bottom out again in the low 2000 range, or even lower :) This doesn't mean it WILL happen though.
Be careful!
This is not financial advice, and I am not a qualified financial advisor. This analysis is just a perspective on what could happen with this coin, as I am out of position for now.
-Victor Cobra
Updating BAT/BTC analytics ideaBUY: 0,00004130 - 0,00004150
SELL: 0,00005450 - 0,00005550
STOP-LOSS: -
Support: 0,00004130
Resistance: 0,00005577
The long position was opened 0,00002572. At the moment, the opportunity has opened not only to take profits, but to open a short. This is due to the fact that the interest of buyers to the asset has decreased, the trading volumes have fallen. Most likely, the price will rebind from the strong resistance line at the 0.00005577 or will not even reach it. Therefore, we open a short position with a return to the long in the range of 0.00004130 - 0.00004150.
BAT on an edgeOn big timeframe I see grand triangle. And the price is coming close to upper trendline of it. Looking very appealing. But in fact chances that BAT will leave this triangle now are not so big. It almost lost momentum on the way up and starting to cover second half of its cylce so we might expect it start to fall. Still worth watching.
Will it breakthrough? I don't know. Volume is pretty big and surely there is a lot of money pushing the price out. What I am sure about is that once the price leave this trianle it will rocket to the moon so that triangle look very very small (in future). Nearest target would be ~6000.
P.S. Since my previous forecast worked out so well I'll share a link for it here -
Please push "like" if you like my work.