BATBTC trade ideas
BAT is ready to spread it wings - are u?With close cooperation with www biggest crypto exchange, binance is now intregrated in browser. This means the BAT you earn by watching ads can easily be swapped in to coins like btc, eth or even usdt. I bought a big bad down here. The other coins i wait for is LINK and XTZ. I belive they need to cool down a bit after heavy runs last months. Now is bats turn!
Check out datadash full detail on bat on youtube. Good information and understanding of the product.
Peace!
Basic Attention Token (BAT) Might Explode Like A BombProject Description: Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
The token can be used to obtain a variety of advertising and attention-based services on the BAT platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
We see that the bat price is stuck in a long-term symmetrical triangle. I guess that wherever this long-term symmetrical triangle moves, it can move hard in that direction.
Red areas are trend areas. Green areas are the potential accumulation zone.
Let's see what the bat project will do in the future.
Yours ..
Bearish Continuation pattern for BAT.Moving inside an ascending triangle, which should continue it's bearish trend and test the support again around 0.00002000-2100 sats.
High possibilty to test the 200MA, creating a false breakout to 0.00002550-2600 before heading into the triangle again, and break downwards.
Brave's BAT Token - Bullish postureThe Brave browser already has millions of monthly active users.
Those active users are all potential BAT token adopters.
Add on top of that content providers including YouTube content creators are also adopting the platform to earn rewards, all this leads to exponential growth of BAT adoption.
batgrowth.com
BATBTC 4 out of 10 daily morning chartsBATBTC
Still in an overall bullish downtrend.
4hr consolidation zone, historically after LH forms these zones with a fast bullish movement off the bottom to be rejecter on another LH and fast bearish movement down to create a Lower low.
in the middle of zone ATM.
possible long from the bottom and short from the top.
both stop-loss are clear of previous market structure.
BatBtc Strong Support and wide Range Bullish playAs you can see on the chart, Bat lost its support for some time but then reclaimed the support.
The targets can easily be seen on a wide range bound market.
161.8 extension is aroung that region as well.
Patience is the key.
1:4 Risk to reward trade setup
BAT Is In a Downwards Channel, But Might Soon PumpBat is going down again here in this channel after seeing a significant upwards spike of 100%+.
Surprisingly, the coin didn't suffer much during the Corona crisis. However, you could argue it's already priced in as we're looking at the BTC pair here and not the USD pair.
I expect the price will continue to go downwards for a while until we reach a very important point: the confluence of the channel and the support zone.
I think this area could be a great buy opportunity as we've seen BAT does have the potential to spike when it's making lower lows. I will put it as a short for now with the expectation it will follow this channel, but I am bullish long term.
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Patience is Rewarded -- WEDGE on BATBTC triggering higher highThe MOST important figure is 2093 -- AKA THE STOP LOSS.
If you're NOT new to my publications then you've seen me press on this point OVER and OVER again, and I apologize for sounding like a broken record: but those who are new need to hear it!
It breaks my heart to see so many new excited crypto enthusiasts transition into new adopters only to get CRUSHED by the sheer volatility & loose regulatory "wild west of wall st" candor that is the global crypto markets -- which NEVER close.
I cannot tell you how many times I've seen cats with decades of experience on WallSt boast about how easy they think forex swing trading crypto is/would be *cough* Peter Schiff *cough* but the sad truth is that they always get dominated, just as I got dominated, as all the tech moguls get dominated.
Another point I've pressed upon in the past (repeatedly) is that fintech is a hydra/3headed beast. If you're not familiar with API/SDK/multisig3/open source p2p blockchaintech/whitepapers/roadmaps, if you're not familiar with indicators, double bottoms/C&Hs, bart simpsons & elliot waves; if you're not familiar with SDK protocol/Smart contracts/node: you are INCAPABLE of taming the 3 headed beast!
I've been doing this FULL-TIME (all you QQing about "self-quarantine" I've been self-quarantineed 24/7/365 since the summer 2014, so to me I notice nothing different) with my point being: it took A LOT OF PAINFUL LOSSES & WASTED TIME for me to start reaping significant ROI!
I'm not trying to lecture or boast; I'm trying to save you the pain and trouble I went through by reminding you to humble yourselves (regardless of how much of a boss you think you are at forex trading, or how badass a dev you think you are) that's neither here nor there.
There's a reason blockchain/fintech was rated #1 on top 10 most difficult fields of 2020. Generally financiers don't care for software engineering, and vice versa.
Personally I began as a developer. I love writing algos. I love patterns & solving puzzles. I hated numbers & arithmetic, most of all LOATHED finance. Then I realized that after several dozen quarters and over 5000+ (atleast) hours of doing this -- charts began to reveal patterns and not randomness.
Here's an analogy to clarify: Lebron James loves basketball. That's a given. Now ask yourself if Lebron couldn't dribble, missed every foul shot & was HORRIBLE in every game -- do you think he'd still have the same passion?
Not to drift too far off topic; I'd hate to digress, so let me get to the point: people grow to enjoy what they're good at and vice versa! as I'd never envisioned myself enjoying conducting TA though once I broke through those first few years & got a handle on how things were done; once I started seeing patterns & not just random candles, and most importantly: once I started MAKING more money than LOSING after developing a solid formula for Forex EMA swing trading: I began to enjoy it. Aside from the fact that I am making money, even if I were to paper trade for lulz it is still something I'd find a passion (something I'd never though I'd admit years ago) so with that being said:
TP1-4 are green horizontals respectively. It's difficult to pinpoint an accurate timeframe for when alot of these alts will peak though I'd have to guess it would be after the halving (which is already priced in) though it is what it is.
Thanks to the COVID19 scandal it seems as if my 'strategic consultation' for the GOP has been suspended until further notice, therefore all regulatory policy proposals & think tanks I participate in are suspended until June and so for that reason I've been allowed to resume full-time crypto trading without risk of violating 15 U.S. Code § 78u–1.Civil penalties for insider trading. Nonetheless, I'll still tag a disclaimer so you folks know the drill.
I'll keep this as a mid-long in terms of time-frame: though it's difficult to tell. I'll know for certain by closing bell Friday (16:00EST) & keep you guys updated/posted.
Respectfully,
@a1mtarabichi
DISCLAIMER
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.