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Basic Attention Token / Bitcoin

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BATBTC trade ideas

Basic Attention Token Finds Support, Ready To MoveBasic Attention Token (BATBTC) is getting ready to move... It retraced all the way below the 0.786 Fib. retracement level from the last bullish wave. A strong bounce is also in place today with a full green candle. Bullish divergence is also showing up on the MACD and RSI. Multiple scenarios plus support and resistance levels drawn on the chart. Basic Attention Token will resume its uptrend in the coming weeks. Thanks a lot for reading. Namaste.
by MasterAnanda
6
BAT Looking for AttentionR1 - Resistance (Down trend; lower highs) R2 - Resistance (5585 sat) S1 - Support (2885 sat) S2 - Support (2100 sat) T1 - Trend channel (upper) T2 - Trend channel (lower) FB - False Breakout / Bull Trap This project has cooled off considerably after reaching 9400, where it peaked after going 200% from Feb 6 to Apr 20. Scenario 1 (green) T1 holds as a line of support and the price rides this slowly up, building momentum, before eventually breaking up again. Look at previous pumps. It usually moves sideways a bit before it pumps, so be patient with choosing your buy point. Scenario 2 (red) Price falls into a previously defined trend channel, bouncing between these lines of support (T2) and resistance (T1), before eventual breakout. Scenario 3 (purple) The price will fall through the trend channel (T1 and T2), and we get a reversal off R1, a previously strong line of resistance. Note R1 going all the way back to Jan 2018 and continuing this strong line of resistance until it broke out for good on Feb 2019. Also note, convergence of R1 and S1. This scenario has the possibility of dragging the price all the way down to S1 or S2, if T2 acts as resistance. If this occurs, look for very small gains, maybe 5-10%, and then take profit and reevaluate. *** Make sure you get good confirmation that the reversal has occurred, before going long. Notice this coin has had several false breakouts in the past, and it also likes to move sideways a bit, before it goes steep. This is a daily chart, so it's a long play for easy money and minimal babysitting for Scenarios 1 and 2.
Long
by CryptoKujira
BASIC 'A' TOKEN [BAT/BTC] Analysis by MorpheusAll information is provided in the chart. (Point on Yellow-notes on chart to see description) Our profile publishes analysis that focus carefully examined and identified cryptocurrencies that achieve high profits. We base everything on our own, developed scheme, the understanding of the market and its behavior. If that sounds like it could be helpful for you, please follow us and hit the like button! Tips, notes & suggestions When you place a trade, always remember to set a stop-loss. Most important rule, is to be patient. Money come and go, you will always get another chance. Never invest heavy in one trade, be sure to spread your bags on different trades. We would appreciate if you would hit the like button to support us. Feel free to comment share your idea or comment down below Morpheus wish everyone out there, a good and a healthy life in the cryptocurrency-age.
by UnknownUnicorn4777944
1
BAT/BTC: Ready, Aim.... Yesterday's volatility brought some reality into the markets. (We can't just go straight up forever?). Even with a 20% retracement we are in a healthy bull market and now is the time to start poking around the alt ratios and finding some deals. Well, take a look at the chart above for the BAT/BTC ratio. Everything indicator is telling me that BAT is about to run 2x versus BTC. The last few times BAT was this low against BTC we went about 2x and I don't see why today would be different.
by cryptocrude