Just wanted to add the 4 hour chart for more color on the situation with BAT/BTC. Decision time will be soon, whether BAT/BTC goes up or down. As I mentioned in my previous post, I believe we will be heading higher. Weekend Volatility is back on the menu, watch the ratio in the next few hours to confirm. Good luck!
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...
As shown (predicted?) in one of my previous charts, BAT price against USDC appears to be stabilizing. However, the last few days and weeks BAT has been getting crushed against BTC and traders are no doubt feeling the pain emotionally and financially. "Should I dump BAT for BTC or ETH?" has crossed my own mind, so no doubt it's crossed yours. Should I FOMO from...
As predicted, BAT has been consolidating against the USDC (Coinbase) for the last few days. The blue chip rally will likely continue into this week, but there is a sense that traders are likely taking profits on BTC and rotating into ALTs. BAT will likely be the beneficiary of the rotation as investors continue to buy up the coin with expectations of a return of...
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BAT has broke out of the $0.23 previous high very strongly. It is now starting to pull back after reaching a high near $0.31. A great buying opportunity would be at around the $0.23 area. This area is a VERY strong support level since it coincides with the following: 1) Previous breakout level (which now turns into support). 2) The uptrend support (if it dips...
For people that believe in BAT and would like to hold it for the long term, I recommend buying from the following points based on the Fibonacci analysis and the current uptrend. 1) Buy If it breaks $0.23 2) Buy if it pulls back towards the uptrend, which is currently at $0.18 but will rise with time. Of course, it would be best to buy at a point where the...
Ascending Broadening Wedge Short Target.