Predicting where Basic Attention Token goes next

in cryptocurrency •  2 months ago

Basic Attention Token continues to make substation gains. Rumors of Basic Attention Token collaborating with Samsung's new Galaxy 10 pumps prices higher.

Samsung and Basic Attention Token (BAT)

Rumors are one of the great motivators and movers of short term price action. And in the cryptocurrency world, rumors are powerful. One of the most recent and important rumors is that Basic Attention Token (BAT) may be integrated with Samsung’s new Galaxy 10. Samsung has already confirmed that the Enjin Wallet will be part of the bloatware on the newest smartphone. But was Basic Attention Token predicted or just speculated to be added? There is actually some positive credence to this rumor. A marketing announcement by T Store in South Korea released this image:
022619samsung.PNG

Very clearly we can see the icons and labels of Enjin’s coin, Ethereum, and Basic Attention Token. Does this mean Basic Attention Token will be afforded some special utility? I don’t know – it could just be used as an example of broad ERC20 wallet support on the newest Samsung phone. Regardless of the rumor – the news that Samsung is integrating cryptocurrency into their new phone is one of the single greatest adoptions of cryptocurrencies in history.

BAT price action predictions

022619bat.PNG

Forecasting and predicting future price action is one of the primary focus’ of technical analysis. For Basic Attention Token, we should consider the current price action. When news broke out regarding a potential Basic Attention Token and Samsung relationship, price spiked – massively. At one point last evening, Basic Attention Token was up over +55% in a move from $0.1305 to $0.2029. The spike created, predictably, new 2019 highs but also created the highest highs since November 18th, 2018. It has since sold off the great majority of that move. Currently (1641 CST), Basic Attention Token is up +10.43% and trading in the $0.16 range. What is interesting is where and ‘why’ price stopped trading at the level it did. There was a strong confluence zone of a shared Fibonacci arc and Gann angle – the 50% Fibonacci Arc and the 45-degree angle. During the initial push, price closed just below the 45-degree angle before making a further move down. Basic Attention Token is currently finding support against the 38.2% Fibonacci arc and the 1x2 Gann Angle. But will it hold?
The current 38.2% Fibonacci arc was already held as a sort of support prior to the move higher. Now that Basic Attention Token has moved this arc and has found support, I predict that the current 38.2% Fibonacci arc and the 50% Fibonacci arc will act as the trading range until Basic Attention Token can move higher and past the 50% arc. Of course, this entire move could just sell off. The broader cryptocurrency market is still reeling from a massive drop last weekend and it remains under threat for another move lower. But if the aggregate cryptocurrency market can at least maintain its present level (specifically Bitcoin), then investors and speculators have some time to absorb the information regarding Basic Attention Token and Samsung and it could bring in another big push to the upside.

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Hopefully if it gets integrated with Samsung, Samsung will change BAT for the better and not how usually the big corporations do...

I am a huge fan of this token. Been a top 5 of mine for a couple years now

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Is that thing really interesting to take chance?

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por fin te creaste tu cuenta

Brave is a great project, but I'm not convinced about holding BAT as an investment for now.

There are 300 000 000 BATs in the user growth pool, which at today's price means that about 45 000 000$ will be given away. I assume most of these will be instantly sold by users, and with the current market conditions this doesn't appear sustainable. And there will be the same problem when users will be paid to watch ads: most people will not hold it.

Also, assuming an upcoming bull market for cryptocurrencies, I don't think BAT will rise as much as the other cryptos, because it lacks important attributes that a crypto should have. Such as decentralisation, low fees and fast transaction speed (granted BTC and ETH share two of these problems, which is why I'm bearish about them also).

I would be glad to be proven wrong however, as this project could greatly help to grow awareness in cryptocurrencies.

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The question remains: How do I sell my free BAT from Brave Browser for STEEM?

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How do I get BAT from brave browser?

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Brave ads are supposed to start some day, they block ads and insert their own ads and you make BAT.

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Ok so its someday and not today? It seemed as if some people were already making BAT.

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I'm making BAT monthly and if you have a demonitized YouTube channel or website you can get donations from BAT holders..better than nothing, I guess.

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of course you can

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The Brave Browser website states that the Brave Wallet can only receive deposits. Since BAT is a utility token it is designed to be used on the platform and not be traded as an investment.
Here's a screenshot from their FAQ:
anythingrandom_comment_bravewallet.PNG
You can still trade and invest BAT on exchanges, but once it is in the Brave Wallet it can't be withdrawn.

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Transfer BATs to shapeshift then sell for LTC then blocktrades ltc to STEEM and POWER UP!!

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BAT will be making its browser wallet unidirectional.But for now I just transfer BAT to BTC via my UPHOLD wallet.

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The only way to get the BAT endowment is getting it from another user through tipping. There will also be options where you can get rewards by viewing ads but that has not been enabled yet. You can also get BAT through referrals if you will be able to get your unique referral link. The process goes like this.

  1. Install brave browser
  2. Register at Uphold and verify
  3. Register to be a brave publisher
  4. Link your YouTube channel to you brave publisher account to create your own referral link.

There is a limited option which social media platform you can link but hopefully they will support Steemit and the different condensers as well in the future.

BAT for STEEM is easy you just find a platform that supports them both I think Binance and Bittrex support them both have them exchanged there.

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Haha want to know that, too

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So many exchanges are available to sell or convert it to Steem

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Excelente pregunta, deseo saber lo mismo que tu!

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Excelente pregunta, deseo saber lo mismo que tu!

BAT token is on its way to greatness.
Long term BraveBrowser user with BAT reward process.

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Can you make some money with that or is it way too early.

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If you are content creator you can get BAT reward with BraveBrowser.
In my case I use BraveBrowser just to surf on Internet.

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Good post, congratulations!

I see STEEM 100 times more valuable than BAT

Good news to hear,hope one can mine this coin on samsung phones.

Next Level Technology.. In Future Everyone Grab It

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I disagree, because on average 50% of mobile data is for ads and trackers, costing $23 a month.

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How he gets 500 payout or by which work? Could I know elaborately

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Take a look at his profile. But note that he’s purchased a tonne of votes so his payout figures are artificially inflated.

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BAT token is on its way to greatness.
Long term BraveBrowser user with BAT reward process. how this possibe

Je trouve assez génial comme perspective, il suffit d'y croire

@soulklenz Check this article out! Good info about BAT and the reason for the recent price moves. Thanks for the post @captainquenta!! #crypto #cryptocurrency

How can we get BAT from brave broweser?

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Is there any reason to buy a BAT token other than to tip people?

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I love samsung
I can't wait for it to be on the market in Germany

creo que muchos tienen miedo por el tema de los hacker,,,

Can someone explain BAT for me? Thanks

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They are replacing the way ad and content revenue is being distributed through their tokens. Users who use their Brave browser (which is wickedly fast, btw, I'm using it right now) can opt to have all ads blocked - but if you elect to have Brave's ads on, then we get 'paid' in BAT for keeping our attention. And we can also use the BAT to 'donate' to sites we frequent - some other stuff coming down the pipe. Basically it's eliminating Google from leeching the majority of money from advertisers and content creators.

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Sounds clever. Is the Brave Browser secure? Sounds great! All for decentralization!

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Of course it is.

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Can you explain why you think that though? Intrigue me

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The BAT token run up has put it at +33% in the last 14 days

Good opportunity. Thanks for this post.

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Hi buddies,

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After my background calculation and estimation, I think the content of this article is very excellent, It must be a high-yield article.

Yeah! Waiting for both. When the Galaxy S10 drops in price and when the brave browser rewads system goes live.

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I like your post.

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What aspects of it did you like?

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Been trying to get some BATs by browsing. Haven't yet managed to. Any suggestions?

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I think that is something coming here soon.

I read this post very carefully and got some fantastic information. Thanks

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Such as?

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awesome!!

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Geez those lines tho lol look like the death star blueprints #humor

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woosh

Looks like they are making some exciting partnerships. I love the Brave app.

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why don't you use hosoda's wave (ichimoku) for predicting the target?
i think that fibo arc and gann angle are less precise

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They are actually very complimentary - whether Goichi Hosada knew a lot or little about Western style analysis, I don't think we'll ever know. But it is interesting how much his Time, Wave and Price Principles are very complimentary to many of the 'fathers' of technical analysis. Gann though is exceedingly more precise than the Ichimoku System though - but that's normal. Western analysis is rife with 'objective' analysis and stiff rules. Japanese analysis has rules, but allows for much more 'subjective' analysis and interpretation by the analyst.

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yes, i know that
but the matter of gann is this in my opinion:
how can you be sure of choosing the corret maximum/minimum?
hosoda's time principle solve the matter using a lot of exact numbers for identifying the day

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Devil.

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Interesting your post, I like.

BAT is great project, but it has MC over 200 000 000 USD https://coinmarketcap.com/currencies/basic-attention-token/

It can be good speculation, but in the future there is big questions.

Why it can have more value than 1 000 000 000 USD?

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