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BATUSD trade ideas

BAT Daily - Please can I get a little basic attention!Hi all, I hope you're having an equally fantastic hair day like me. Anyway, I don't have a long position on BAT (Basic Attention Token), but I do have to say...loving the technical picture on the chart. It looks a lot like Ethereum's falling wedge. See my other publication on that. The thing I love about the chart (I forgot to highlight) - the double bounce zone at .1233. Nice confirmation of support. Now the thing with falling wedges is that this is signaling a trend reversal especially if forming nearing capitulation or bottom part of a wave. So what's important to understand here is that although we are making lower highs, the momentum of lower low's is becoming more exhausted. More simply put we are finding the bottom of a trend or market cycle and bears are losing strength overall. So we could go lower thats the point so trading falling wedges are tricky. I tend to wait for a break out of the wedge (if I missed the bottom) and confirmed retest near the top of the trend line. I'm conservative on this pattern so I'll probably wait for Wave 4. Or if I didn't miss the bottom I try and and go long near the bottom trend line. The point is always before trading this pattern you need to have your exit plan established and be disciplined on it before going long. Figure out the zones that best fit your risk/reward style. I do love the overall technical picture of BAT and I do love their browser. I use it 100% of the time for both mobile and desktop versions as it's a great product. The only thing that's held me back going long is I have trouble coming up with a valuation of the token itself. I get what they are trying to do by revolutionizing the ad industry by actually giving users the ability to control ads, what kind of ads and reward content creators...I'm still figuring out ok based on this what is this utility token's value. It's easier for me to calculate multiple valuations for Bitcoin whether we talk about the store-of-value business or as M1/M2 monetary supply economics. I think the best way to value BAT is comparing it to a mobile browser like GOOG Chrome or FireFox. The creator of Firefox actually started BAT in case you didn't know. So if Firefox I think has a valuation around 300M I think (double check that). So based on BAT tokens you can do a very rough valuation. That could be it's potential economic value if you're trying to wrap your head around the project. Anyway, simple chart and it speaks to itself as far as where I see things going the next 5 impulse waves. Good luck trading, Bobby -Don't hate the hair, hate the game"
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by UnknownUnicorn1615160
Basic Attention Token, so basic?Hello all crypto enthusiast! Today I would like to take a look not at the coin from top 5, but at some Tokens that currently we are having in our market. Basic Attention Token (BAT) caught my eyes the first. In the middle of October, the cryptocurrency known as Basic Attention Token (BAT) has had a good run in the cryptocurrency markets as shall be intricate. At the moment of October 11th, this token had the value of $0.157. Then, it had an upwards to $0.27 . his is a percentage increment of 72% in a time period that is less than 2 weeks, which was describing great potential of it and promising. As November appeared to be the bottom for market as such, of course Tokens in general suffer a lot from it and BAT is not an exception. Nevertheless, currently managed to break support level which is now resistance and the price of it is $0.142 at the moment of writing, which is quite well indicator for such a token. To conclude, I see the possible raise and the range in the upcoming 24 hours between $0.145-0.158
BShort
by AlekseyMarkonov
Bat SupportObviously it sounds like I'm talking about the Caped Crusaders spongy rubber utility support grapple hook pants but in actual fact I'm referring to the fibs and fib rays, please try and take things more seriously <><> Looking at those Joker sized sell bars i doubt that man Bat man will be doing any crusading just yet, but the fact that the ceiling of the downtrend got smashed in looks good for the next attempt and quite possibly Bats sustained market value in general <><>
BINANCE:BATUSD
by Nom_de_Guerre
BAT Short triggeredThe market reversed since our last BAT trade, where we took good profits on the long and were looking to possibly re-enter long.. However, the indicator signalled a short setup, which triggered us into a short a few candles ago. We now have extreme overextension signals, and we're nearing and nearing a support area. Because of these two things I moved my stop to at least break-even. According to the strategy I'll move the stop down further as new signals are printed, or when a reversal candle appears. We made good profit on the up move (see our previous BAT trade idea of how we played that), and now let's see what the market does for us. If you want to try our indicator out, follow us and drop a comment and we’ll get you set up. More information on our indicator can be found below: Like and subscribe if you enjoy our work! Stay calm, and happy trading!
BShort
by DariusZen
Long play BAT dailyWe’re in the long for BAT daily since the long setup triggered at trade (1). At (2) we took partial profits (off the 4HR chart signals), and reinforced the position at (3), following the re-entry signal strategy. We’re now at resistance (4) and a weak overextension signal. The red line is where we placed our stop according to the 4HR chart. We have a medium overextension signal at resistance. Looking for the signal to become extreme (red) and for reversal candles following. Let’s see how it plays out.. If you want to try the indicator out, follow us and drop a comment and we’ll get you set up. Like and subscribe if you enjoy our work! Stay calm, and happy trading!
BLong
by DariusZen
Time to start paying Basic Attention to BATUSDBATUSD has long been on my radar, but its failure to breach long term descending trend line resistance has always stopped me from doing anything other than buying on support between $0.1300/0.1600 and playing the range. After the news that coinbase Pro is adding support for the token we have now taken out that bogey level and the story for me is changing for the better! Already ripping 25% higher as the story broke, you can be forgiven for being skeptical of jumping in here. In my mind there is still huge upside POTENTIAL and I have highlighted the areas that should be in play over the coming weeks. Resistance: $0.4345 $0.5473 $0.6904
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by ellevationtrading
A trading opportunity to buy in BATUSDTechnical analysis: . BasicAttentionToken/Dollar 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 51. . The price downtrend and the RSI downtrend in the daily chart are 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 (0.175 to 0.130). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.175) Ending of entry zone (0.130) 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= @ 0.242 TP2= @ 0.278 TP3= @ 0.312 TP4= @ 0.362 TP5= @ 0.424 TP6= @ 0.516 TP7= @ 0.676 TP8= @ 0.903 TP9= @ 1.043 TP10= Free
BITTREX:BATUSDLong
by ForecastCity
A trading opportunity to buy in BATUSDTechnical analysis: . BasicAttentionToken/Dollar 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 51. . The price downtrend and the RSI downtrend in the daily chart are 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 (0.175 to 0.130). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.175) Ending of entry zone (0.130) 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= @ 0.242 TP2= @ 0.278 TP3= @ 0.312 TP4= @ 0.362 TP5= @ 0.424 TP6= @ 0.516 TP7= @ 0.676 TP8= @ 0.903 TP9= @ 1.043 TP10= Free
BITTREX:BATUSDLong
by ForecastCity
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