Get started

BATBTC

BAT/BTC Consolidating Nicely, Will There Be Further Upside? www.tradingview.com Looks like consolidation is taking place on the BAT/BTC chart right now after a nice run owing to the recent news of the Coinbase Pro listing. If 00004432 satoshis is the low of the pullback and 00004846 satoshis is the lower high compared to the top of the run then a nice range is forming and we are looking for a higher low compared to 00004432, followed hopefully by another move to the upside and an attempt to break out past the 00005281 high of the move. Volume : Declining...looks healthy after such a nice move to the upside. RSI : 67.90 and declining...still bullish but getting overextended considering the pullback started around 83. There is still room for upside action though, but not by a lot until it cools off...at least that is my cautious opinion. EMAs : On the 4HR we remain well above both the 12 and the 25 period EMA but on the hourly we are sandwiched between the 25 period as support and the 12 period as resistance. If we break below 00004432 satoshis there really isn't much support until the 00003800 and than the 00003580 level. With BTC still being in a longterm downtrend until it breaks past 6.8k and than 7.4k there is plenty of room to lose this entire move to the upside, although I am thinking that BAT being added to the Coinbase app along with the growing success of the BRAVE browser could possibly lead to a more bullish scenario at least short term. Personally I am more bullish on this one than usual owing to the way the charts look and the Coinbase news, but as always I remain cautious. Once again, I'm just a dude on Trading View learning TA as I go, so take what I say with a grain of salt. Thanks for reading. ---the CryptoHound
by CryptoHound9
BAT-BTC, illustrating the usefulness of fibonacciQuicky lesson article. One time I had a guy ask me to just give one example of Fibonacci working. This guy claimed to be a money manager or something like that. He said it was all hokus pokus. I showed him a chart with like a hundred examples. Never heard back from him. So anyway point is they work. I won't go into the mathematical basis (because I'm stupid) but suffice to say that the levels are derived from a ratio that can be found in nature and can be seen from the way plants grow to the placement of the limbs on your body. Basically it is a repeating pattern that can be found almost anywhere. So is it a surprise it can also be seen in price movement? This is where it gets interesting. Some people claim the levels work on price because of this property of being human derived and humans being a part of nature. I'm skeptical but one thing that can't be denied is that price react at fibb levels. Count em on the chart above. How many times did price reverse at fibb levels? A lot right? Whether support or resistance. I.E. Potential buy and sell targets. So why does that matter? It's just giving you another edge. If you're a reversal trader trying to catch a swing up. Getting a reversal formation at a fibb level is one more reason to enter a trade. Quick lesson on Fibonacci. It is super easy to use. Simply click on the Fibonacci tool. Click the lowest point visible (assuming a swing up), then the highest high candle. The tool automatically shows you the levels. Traders then look for potential entries at these levels. Specifically the .5, .618, and .786 levels. Anyway just a quick bit on Fibonacci. Remember like with any trade the more reasons you have to enter (confluent reasons) the better. Price reversing at a fibb level can be one signal of many that you can use to improve the probability of your trade.
by Demetriostrades
4
BATBTC - Potential breakout?BATBTC - Potential breakout 17 March - 1 May Bullish market High volume Very strong uptrend to ~0.00005500 where it finds its resistance 2 May - 13 June Bearish market Prices stumble to ~0.00003000 - market finds support here again at 14 August 17 July The market barely touches ~0.000055000 again Bearish market again 12 September - 24 October Finally found support at ~0.00002140 Market turns bullish We hit a new high on October 24, the highest since the 7th of August. What's next? Definitely a good moment to enter the market Market is still leaning towards bullish Currently not a lot of volume, if we see an increase there could be a huge pump to ~0.00005000 Potential this week to hit ~0.00004421 and break out even further If not there's a possibility the market will drop to ~0.00003532 where we probably find support
BLong
by Fliptab
BAT BTC SHORT PART 2 :) BAT is a good project and also the investors was speculated too much a Coinbase listing which means the price would be pumped a lot of :-) but: Now we have a series of bearish signals: -BTC CME(bullish) future contracts will expire today -Volume going down -MACD overbought hard and also volume dropping -Stoch overbought:They can force from here a little bit but sure sure will going down they need to refuel -RSI above 70 is overbought also Bull signal: It s above ichimoku cloud which is a bullish signal but they can go down untill 2840 sats to remain bullish because there is a support from ichimoku cloud In my opinion this will going down. 1st target: 3899 sats 2nd target: 3550 sats 3th target: 3200 sats 4th target: 2840 sats
Short
by CryptoRomaniaTD
1
Basic Attention Token (BAT) will be added to Coinbase?Recent rumors are that BAT might get listed on Coinbase, as was mention in the Coinbase report. In the report, it was mentioned that some cryptocurrencies like Basic Attention Token, Stellar and Cardano might be considered for addition in the Coinbase listings. On the 11 October, 0X has been added to the Coinbase and since then price is up by over 30% against the Bitcoin ( the link to our 0X idea is down below) While the BAT addition remains just rumors, market has already reacted and today price already went up by over 20%, hitting 3.8k satoshis high. This week trade volume has remain at a steady high rate, as the price was producing higher highs and higher lows. Today it broke above the 38.2% Fibonacci retracement level, and seems BAT is heading towards the next Fibs near 4k satoshis area. The resistance is confirmed by 50% Fibs along with the upper trendline of the extended descending channel. If broken there should be more upside potential, but upon rejection price should correct down. The correction could end either at 3.5k or 3.2k support levels. Support: 1. 0.00003500 2. 0.00003200 Resistance: 1. 0.00003940 2. 0.00004380 3. 0.00005015
by CryptalDash