BAT will lead alt season. $0.6 is possible. Find out why.

BAT will lead alt season. $0.6 is possible. Find out why.

By MadMaxx | Psycho Crypto | 26 May 2020


Many people believe that alt season is already underway, with TFuel making a 6x comeback in just a few days, and alts going nuts, passing 100%. But alt season is just getting started.

When the large cap alts move, the market will absolutely fly. Right now, only shitcoins have been moving. But BAT isn't a shitcoin. It's a large cap alt, and one I feel will soon explode. Read on to find out why I think so.

Here is a chart of BAT in its current state. This will be a proper chart, not the mobile ones I usually post, because I'm typing on my desktop today!

e50e84980e01c7a1fcbbfaa736326c48470f586e3869c01c104baa0ac381e24f.jpegAs we can see, price made a huge H&S pattern before proceeding to break support. However, price has also been in a bullish falling wedge for the past 8 or so weeks. This chart is on the daily timeframe.

A break and flip of the top trendline(that is the resistance trend line) would see an intersection with a break and flip of the hourly resistance. That would see an instant move to 3.28k sats possibly immediately. That would be the first leg up.

The second leg up would be when the price breaks and flips the 3.28k sats level. We would then see an undisputed move to 0.6 dollars because there is no over head resistance after 3.2k sats. 

Basically, if you didn't understand all that, I'm simply saying that once you see a DAILY close above 2.3k sats on the bitcoin pair, it's all blue skies ahead. But we must see the daily close.

I feel BAT would be one of the runners this alt season. With a strong fan base, and even stronger use case and a great development team with lots of money, I see no reason why you shouldn't have some BAT right now. No really. Payouts on Publish0x were yesterday.😏

Some other coins I believe will moon are Theta itself(because of the awesome Theta TV thing), DGB, ETH(just having a hard time folks) and DAG. Most of these pairs are on Huobi for those that keep asking.

Thanks for reading, and have a nice day. Make sure to hold your BAT!

 

 

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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