BitTorrent Breaking Above Resistance, Potential Breakout Soon...

BINANCE:BTTBTC   BitTorrent / Bitcoin
BitTorrent is finally challenging our downtrend line (red) from the 28-May. A close above this level (13 satoshis or higher), would send a bullish signal and can push BTTBTC higher.

We can also notice that BTTBTC is now trading above EMA10, this signal also needs a close above 12 satoshis (13 or higher) to be confirmed once the daily candle closes.

On the chart above we marked a double bottom , which led us to hit our first target and up to 27% profits. BTTBTC retraced and now we are getting ready for another run...

Here is our full trade for BitTorrent ( BTTBTC ), fully updated:

Continuing with the chart, the RSI is looking solid above 50.

The whole chart looks pretty bullish , a breakout waiting to happen, but one important signal is missing... The action/volume.

We also need a big green volume bar to support and give further strength to the above signals.

Conditions for change: A close below EMA10 (12 satoshis), would invalidate most of the signals in this analysis and a new one is needed.

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Wishing you a great Sunday.

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Related Ideas

I think a new low might be coming if bitcoins corrects to the 7K-9K region
@alanmasters Hi!
It's now 9 satoshis again, same as the double bottom price. Is that reason to believe 9 is the bottom, or just wishful thinking?
(I'm wishing really hard on this one...)
plz check my share ideas on treading view
Can Binance Coin (BNB) go any higher? Here is what we have to say...
alanmasters TheCryptoEZ
@TheCryptoEZ, Thanks for sharing.
thanks for update
+1 Reply
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