
Comet ATLAS looked like a misty ball of light with a brighter core (nucleus) on March 11. Hints of a tail are visible in both photos.

Comet 46P/Wirtanen and the Pleiades star cluster make a gorgeous pair on Dec. 16, 2018. Recently discovered comet C/2019 Y4 (ATLAS) may become equally bright or brighter in northern skies this spring.

Comet ATLAS's orbit is tilted 45° with respect to the plane of the planets the reason it dips in at an angle. I marked where it is today (March 13). Closest approach to the sun, called perihelion, occurs on May 31. The comet comes closest to Earth on May 23 at 72.5 million miles (116.7 million km) NASA
There is optimism. ATLAS follows along the same orbit as the Great Comet of 1844 (C/1844 Y1) and appears to be a fragment of it. C/1844 Y1 became a fine 2nd magnitude object with a 10° tail in January 1845. Because of its rapidly increasing brightness hopes are high, but if you've had any experience with comets before you know they're little devils. Some live up to predictions, some exceed them and others flop. Comets are prone to "outbursts" and fragmentation which can produce lots of fresh dust and ice, causing them to brighten temporarily. Other times, those pieces quickly go poof and the comet suddenly fades.
Comment: The brightness of a comet is due to its electrical properties. Recent space expeditions to asteroids have shown them to be 'surprisingly' dry and others have been to shown to flare.

Comet C/2019 Y4 ATLAS is shown every 3-days at 9 p.m. CDT along a track west of the Dipper Bowl from March 13 through April 12. Stars are plotted to magnitude 8.5 and labeled with their numbers and Greek letters. Click to enlarge and print out a high resolution copy to use at the telescope. The comet will look like a soft, gray fuzzy glow.

The path of Comet ATLAS from March 13 through mid-July. The sun’s position is shown for May 31, the date of perihelion when the comet passes closest to the sun. SkyMap
Right now, you're best off looking with a 6-inch telescope from a dark sky. I've provided a map that shows its track across Ursa Major near the Bowl of the Big Dipper. If ATLAS continues to brighten apace it will soon be visible in binoculars. When that happens I promise to return with more news, observations and photos!
So far as I've seen in this life,(e.g., Halley's, plus whatever other supposed naked-eye comets), have been duds.
RC
*I hope. After all, visible comets have always been taken as an ** - a cosmic warning of impending disaster.)
*I'm blanking on the word. Supernatural warning; an "Ar..."