When’s the Best Time to Buy BAT versus Bitcoin?
|Versus Bitcoin, the BAT/BTC pair has mostly been moving in a cyclic pattern, between the resistance level shown in green and the support level shown in purple. At the moment the pair is moving below the daily Ichimoku Cloud, approaching the pivot level shown in orange.
The future Ichimoku cloud is also bearish with all other five Ichimoku moving averages moving downwards. With that, we could see the price drop further to the median support levels before moving back up, which could give you an opportunity to buy BAT at a lower price. And here’s a disclaimer, I personally own some BAT along with other cryptocurrencies but you should only invest the money you can afford to lose in the crypto market. For more on risk management, please attend this free webinar.
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