Basic Attention Token (BAT): Can it Trend Reverse Even with Bitcoin in Corrective Mode?

in #bat7 years ago

SUMMARY

Technically, Basic Attention Token (BAT) has actually been correcting since June of 2017 and that truly is an extended correction. This was only possible by a very sideways meandering of price that carved out not only complex but combination subwave corrections. Because of this, the ABC retracement waves could be complete. The current wedge pattern being a triangle could potentially be wave 2 of a five wave impulse. However, as long as Bitcoin itself remains corrective, little upside can be expected for BAT.

From C wave, an impulse motive was placed and the abc (white) of the wedge pattern shows it to be nearly complete. The miniscule degree of trend red five waves down shows that one more lower low would complete the correction. Therefore, a breakout is expected and the questions would be the degree of follow through should Bitcoin not yet be trend reversing.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.

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Hello Mr. Haejin,

I would like to know if you want to have a civilized discussion about why you and @starjuno flagged my latest posts.

Is it because i am tracking the performance of your advice?

I would like to say that i started to do it because i don't see you providing the results of your advices anywhere else, and i got curious of how good Technical Analyst you are, and started tracking your performance myself.

So far, on 4 days fell 19,16% of the invested value, while the same amount on BTC only fell 14,88%.

Doesn't look good so far. But it seems that you know that already, since you only downvoted the posts and didn't provided any insightful comment.

Don't worry. I will keep tracking your portfolio in real time, and also do some backtracking on past months as soon as i have some extra time.

Aren't you curious of how is your performance?

Have a good day.

I trust brendan . Keep going

Downvoted. Disagree with obscene rewards on your blogs.

This may be obscene for your EYES.
Censor.gif

These rewards are legit, Steemit is full of worthless posts which receive a lot more rewards... This guy is actually trying to help people by showing his perspective of things... Don't read it if you don't like it... Downvoting for such a reason is strange as there is so much trash on the steemit website which received much higher rewards

It's only meant for use as informative or entertainment purposes.

@Haejin You do not provide any entertainment. I brought you some.

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Congratulations @haejin, this post is the third most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 39 and the total pending payments to posts in these categories was $2443.42. To see the full list of highest paid posts across all accounts categories, click here.

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Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BATBasic Attention Token0.248$-4.87%-26.01%
BTCBitcoin9314.360$0.91%-13.67%
EOSEOS5.940$1.25%-17.92%
QAUQuantum0.171$5.58%-11.3%
WAVESWaves5.639$0.59%-8.55%

You spam this shit every post!!! Why hasn't @SteemCleaners taken care of you yet?

this is the very helpful.thank you so much for share us.good job brother...

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 161.49 SBD, based on the pending payout at the time the data was extracted.

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