If we look at the bitcoin past We notice that in April we saw the fall of bitcoin
This move on September 7 seems to be similar to the move in April
The market did not seem to gather at this point
The market may rise to the 20-day moving level That is the first goal of growth
If you manage to break this difficult level Tests the 50,000 level again
BAT recently got listed on Coinbase Pro & Bitstamp. Before that was added on Grayscale so institution now have full access. It is one of the coins newbies can relate to due to the browser. Definitely one of the hottest ones right now and is coming out of massive capitulation vs BTC and vs USD it has been going up nice and steady after being in accumulation...
Be this a true diamond pattern, or a simple breakout from accumulation, you'd better keep your eyes peeled on BAT for the next 0-96 hours.
Judging by the month+ accumulation BAT has had, and other various long-term patterns showing strength on the BATBTC and BATUSD charts, you definitely do not want to sleep on BAT.
Trend is your friend regardless. It's going to...
1. Massive cup & handle on monthly chart
2. All eyes on bitcoin! no one paying attention to gold
3. Last wave of gold before bitcoin takes over in the next 30years? *Big money needs clear regulation and access to it which will happen after the next crash
4. Regulation is still developing on btc so big players hedge against inflation remains gold
5. Asia middle &...
Please like & comment to support my work.
After huge down red candles we see in last couple of week green upward candle, we expect huge up in a long term and in a shot term we may see minimum swing up to green line.
It has broken the downtrend since April 2019. It also retested the trend line. It's like a safe buying zone. Don't be a fomo? =)
This amateur study is definitely not investment advice.
Goodluck for everyone
P.S. Thanks to Oğuzhan for his opinion.
Many lines come to an final ending point... Right Now !
Support has been turned to Resistance but volume are kicking in and may brake the downline trend.
Watch this upcoming firework!
trade safe , stay safe
Ive been calling for BAT to go down for a long time now with my previous posts, so far its exactly what it's done. And its only looking more bearish to me. Now I will try and look at it from a bigger picture.
The current momentum from X wave on way down seems to me as a 5 wave Impulse (will be confirmed once we see the final wave 5 head lower towards the 11c...
My previous count is still in the play, but with update now on the symmetry of the corrective move, expecting a bounce form .786 and then the wave C down, yes even now im still expecting much lower prices.
It always helps to take a birds eye view of this coin and look for simplicity in the larger moves. If you're aware of what it's doing in the large picture you...
we're now in an important area, let see if this support holds.
if its holds we can expect a move about 10-15%. use a tight stop loss to safe your ass from grandpa bitcoin :)
will take a long position if we see a rejection
Elliot wave analysis of BAT/USD
Its clear the recent small bull move up was in 3 waves, with a strong RSI bearish divergence on the daily.
This means we are looking for 5 more waves down, likely to retest the height of previous bottom support around .13-.14 cents.
I always liked this Alt, but its not ready for a bullrun just yet based on elliot count.