While the focus has been on Bitcoin and its fellow high cap brethren, our middle cap favourite player has been making some moves on the sidelines.
Luckily, I watch all markets(yes, even shit coins) for trading opportunities, because that is how I make my living. By trading.
I have seen certain on chart and off chart formations that I'd love to share with you. These patterns happen to be valid reasons to consider BAT as a big buying opportunity in both the short and longer term.
Let's look at the on chart patterns and formations first. Then we'd take a look at whalealert and why all the big boys on Crypto twitter have started making big purchases of BAT.
First off, let's just address the fact that BAT has recovered ALL of its losses from the crash in March. Let that sink in for a bit. Bitcoin has recovered about 60%, while Ether has recovered a lot. But only BAT has recovered fully, and has started to make gains. This is the first sign of am intrinsically sound asset.
Now let's look at the chart.
The first thing I notice once I look at this chart is the large spike of volume indicated by the orange arrow.
Large spikes of volume always mean that something big is coming. Always.
Add to that the fact that BAT has been on a rising trend line for a while now, and with all these alts popping all over the place, I feel that something big might be in the future for BAT.
Now let's delve behind the charts for a quick"fundamental analysis".
Unfortunately, there's nothing like BAT whales, so my whalealert is basically useless here.
However, a lot of Ether has been converted to BAT for some time now. Just check Etherscan.io. You'd see that large amounts of Ether have been converted to BAT, all on anticipation for a big bounce.
Couple that with the fact that the best technical analysis on Crypto Twitter have been buying tons of BAT. They all believe that it's about to pop.
Note that this isn't my reason for believing it would pop soon, but I feel that it further reinforces my claims.
Make sure to do your own research before deciding to pull the trigger.
Or you could just earn free Bitcoin here and convert it to BAT using the Changelly service. Your choice!
Thanks for reading.
