Basic Attention Token (BAT) Requires your ATTENTION!!!
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SUMMARY
Basic Attention Token (BAT) is almost done putting in the BULLISH ascending right triangle as shown below. The horizontal line and the inclining line outline the pattern. The a,b,c, and d waves are complete with one more e wave down. The blue and white rounding bottom are double bullish and impregnated within the triangle Target is $0.6629!! Should one ladder in at end of wave e? Yes!
Here is the BAT/BTC pair. There was a 3,3,5 FLAT correction of a,b,c waves. I count the five subwaves of the red c wave. There might be one more lower low, but not required. The white impulse is showing bullish target of 0.000100 BTC!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
This is another token that has a decent use case and should do well long term. The project is sound, decent achievable goals and solving real world problems. Good one for the future.
Good.
I only use price as price drives news, use case, core development team, fundamentals. Never the reverse. Accuracy rate falls when technical analysis is mixed with fundamentals.
I understand this but I like to own solid investments. I accept that price is driven by sentiment and price is the best indicator of sentiment!
they havent even got a webite on coinmarketcap?
The brave browser just today announced a partnership with duckduckgo.com search engine to make a privacy oriented browser/search engine combo. BAT token will be getting a lot more attention soon because of it. Trying to pick some up myself.
@haejin thanks for all the great posts and most especially the tutorials! I was just wondering, would it be possible for you to also do some posts on corrections? I know most people get the excitement out of seeing how much they can gain which attracts more followers but I would like to see your analysis on both sides of the equation as I believe this will help more with the learning process. Thanks and have a great day:)
I have been.
@haejin . i know you get recently a lot of thanks. But that you share you knowledge and help that way a lot of people will bring you very good karma. I believe if we all would help others as we are all one the world woud be a better place. If i can make money here in the future through a long time investment i want to use it in the service to help others too.
thanks again and you are doing great work, not only as a analyst but as a human being.
best to you -
BAT on our radar for some time. Great fundamentals & hope for creator protections vs AdNonSense model. Catch a Wave🏄 YouTube creators.
HA! It looks like a bat flying up side down.
Great description! Commit it to memory Upside down head & shoulders top formation = bottom formation. This one A OK even askewed & shape resembles BAT at rest Awaiting Breakout♨
EOS
I like! Cryptos LOOOOOOVE triangles. When in doubt...it's a triangle.
any update on zencash?
Thank you.
Hi Haejin, I was just wondering how the price in bitcoin could increase by 10x, meanwhile the price in USD is only projected to increase by 3x in a similar timeframe. Thanks!
Because Bitcoin price doesn't stay the same
That's right.
right but if anything, wouldn't the USD price outrun the bitcoin price over time, not the other way around, since bitcoin is going to increase in price, while USD will not (at least not noticeably).
Not bad!