BAT looking bullish short and long term
Aside from fundamentals, it seems that BAT has taken a nosedive in BTC value. However, on longer timeframes, the candles have started to show a clear trend reversal. This is even more apparent in the fact that the 1D candles have been maintaining above the Ichimoku Cloud for 3 days now with increased bullish volume (volume has been INCREASING day-by-day for 3 days now!).
Also, on the USD chart, BAT is about to enter a blue-sky breakout, so any newbies to BAT may see this as a great opportunity to buy a token that seems to have "infinite" space to run (meanwhile, the whales and dolphins are watching BATBTC over BATUSD charts).
Your best friends for confirming this trend for yourself (instead of blindly trusting me) will be the Ichimoku Cloud indicator on the 4-hour, 1d, 2d, 4d, and 1Week timeframes. Also VPVR and RSI.
My gameplan: I have diversified about 30% of my portfolio into this coin for the time being, to at least ride the very likely massive bullish traffic and attention this token with good fundamentals is bound to gain. Depending on how the charts play out, I may skim some profits off of obvious resistance and buy at wherever the bears decide is a good resting spot.
I am short-term and long-term bullish on BAT. Medium term is something I'm going to have to play by ear. I will likely swing trade as we enter clear areas of previous support that may have turned into resistance now. EITHER WAY, this is a relatively safe investment considering the clear shift in sentiment from bearish to bullish overall, as well as the fact that BATBTC may never reach these low prices again. I believe this because, anecdotally, I know that many whales have been accumulating BAT for YEARS now, based solely on fundamentals. At these prices, BAT is a very low-risk, potentially high-return asset. At the risk of sounding over-exuberant, this feels to me like catching ADA or LINK before anybody is wise to its full potential. Which frankly feels incredible!
Also, on the USD chart, BAT is about to enter a blue-sky breakout, so any newbies to BAT may see this as a great opportunity to buy a token that seems to have "infinite" space to run (meanwhile, the whales and dolphins are watching BATBTC over BATUSD charts).
Your best friends for confirming this trend for yourself (instead of blindly trusting me) will be the Ichimoku Cloud indicator on the 4-hour, 1d, 2d, 4d, and 1Week timeframes. Also VPVR and RSI.
My gameplan: I have diversified about 30% of my portfolio into this coin for the time being, to at least ride the very likely massive bullish traffic and attention this token with good fundamentals is bound to gain. Depending on how the charts play out, I may skim some profits off of obvious resistance and buy at wherever the bears decide is a good resting spot.
I am short-term and long-term bullish on BAT. Medium term is something I'm going to have to play by ear. I will likely swing trade as we enter clear areas of previous support that may have turned into resistance now. EITHER WAY, this is a relatively safe investment considering the clear shift in sentiment from bearish to bullish overall, as well as the fact that BATBTC may never reach these low prices again. I believe this because, anecdotally, I know that many whales have been accumulating BAT for YEARS now, based solely on fundamentals. At these prices, BAT is a very low-risk, potentially high-return asset. At the risk of sounding over-exuberant, this feels to me like catching ADA or LINK before anybody is wise to its full potential. Which frankly feels incredible!
Comment:
Whoa, just saw this, but check out the Hidden Bullish Divergence on this 4D BATBTC chart, visible on the RSI! Also BATBTC had a healthy close above previous resistance on the latest 4D candle, indicating that the bulls may have some stealth strength over the bears!