Good early morning on the East Coast ladies and gentlemen
I'd like to show you a lot of bot activity I have noticed on the basic attention token in the past week or so, which is what's causing it to mostly range without ever getting much higher and without ever falling back down. You may wanna step aside on this one for a while, because it might go on a while, until these bots are done it's going to continue to range… Once they finish what is presumably accumulating a massive amount of liquidity in anticipation of a huge breakout, it will likely do just that, but there's always a high possibility that that is preceded by a steep panic sell off, but that will just be temporary.
The basic attention token is a sleeping giant, and the giant stirs.
I'd like to show you a lot of bot activity I have noticed on the basic attention token in the past week or so, which is what's causing it to mostly range without ever getting much higher and without ever falling back down. You may wanna step aside on this one for a while, because it might go on a while, until these bots are done it's going to continue to range… Once they finish what is presumably accumulating a massive amount of liquidity in anticipation of a huge breakout, it will likely do just that, but there's always a high possibility that that is preceded by a steep panic sell off, but that will just be temporary.
The basic attention token is a sleeping giant, and the giant stirs.
Note
I just like to put it out there for the record that daytrading is mostly what I do, in case anyone gets a kind of schizophrenic vibe video to video. On average I'd say I hold a position less than a week, that doesn't mean I won't buy right back in later on… And sometimes I make dozens of trades in a day.So that's where I'm coming from in my analyses, maybe not as long-term as everyone
Note
Like I said in the video early this morning, a close on the daily bar like this will lead to lower prices on the next, and more ranging in the near term. Still about 7 hours left on the day, however, just be watchful for this.
Note
T+20hrs
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.