cryptoplayhouse

BATBTC (BAT Attention Token) Potential Triangle Breakout!

cryptoplayhouse Updated   
BITTREX:BATBTC   Basic Attention Token / Bitcoin
BAT @3:47 a.m. EST 04/22/18
Hi trader friends, I'll be BATman today and suggest you join our cause as we demand fairness regarding information and access to our favorite markets because there are "leaders" out there trying to suppress this entire space.

Meanwhile, BATBCH has a potential triangle/pennant breakout trade opportunity pending.

I'll keep it short. Consider the following:
  • Buy the support at Wave "E" with a stop below the solid red line, or

  • Buy a breakout above Wave "D" with a stop below Wave "E"

  • Sell below the solid red support line below Wave "E"
    with a stop above the current most recent swing high that is labelled Wave "D."

  • Use the colored arrows as general guidelines for what I expect for the various trade scenarios.

    SUMMARY OF BAT via REDDIT
    (See link for authorship and other BAT details after you check out some of our other charts. ;-)

    What is Basic Attention Token (BAT)?
    Basic Attention Token is a decentralized digital advertising platform based on the Ethereum blockchain by the inventor of the Javascript programming language and co-founder of Mozilla and Firefox. The platform is comprised of several components, including a digital ad exchange (which allows advertisers to purchase ad space and user attention), analytics dashboards (for ad campaigns), ad matching algorithms, attention measurement systems, reward programs and more.

    The BAT token ($BAT) is an Ethereum-based ERC20 utility token, utilized as the unit of account for attention within the wider BAT platform:

    Advertisers will transact in $BAT to purchase advertising space and user attention;

    Publishers and content creators will receive ad revenue and user contributions in $BAT;

    Users will earn and be rewarded in $BAT for their attention (“ad revenue sharing”). For example, when users choose to view ads from the BAT ecosystem, they will be compensated in $BAT for their attention.

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    DISCLOSURE:
    This analysis is meant for educational purposes only. You trade at your own risk!

    Michael Mansfield CIO



Trade active:
BATBTC is selling off as my primary projection line (magenta) suggested, after hitting 0.000055 resistance upper pitchfork target mentioned in the original post and exceeded it to 0.00005780 area. Now its rounding down as projected, with targets to the 0.000036 area. Mike Mansfield

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