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BitTorrent ( BTTBTC ) Getting Closer To Action
- BTT was added to Binance on the 31st January, this same day it reached a peak at 18 satoshis and then started to retrace. BTTBTC retrace ended on the 2nd February at 12 satoshis, soon the first wave started.
- The first wave reached an all-time high ( ATH ) of 37 satoshis, we enjoyed this wave completely and generated massive profits, after which a strong correction took place that has been active until this day.
- Today we are seeing BTTBTC hovering around 12-13 satoshis, the same low that was hit on the 2nd February before the first wave.
- I've drawn a (low + ) and we have reached the end of it, so a breakout is very likely to happen soon.
- We are seeing showing up on the , this is marked with a purple arrow. As well as a crossover.
- The also hit an all-time low recently at 30.
Looking at the , the end of the triangle and the 12 satoshis support holding, can tell us that BTTBTC will have a breakout soon. It can still break to the downside, but the tells us otherwise.
In the case of a break to the downside, everything is still great, no worries, as a bounce is very likely to happen in a matter of a few days.
If you want more information on BitTorrent, check out our full trade.
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This is Alan Masters.
If yes, leave a comment in the comments section and hit like, if enough people are interested I will do it.
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We wait patiently.
Thanks a lot for the support. :)
You can see it here:
It all depends on time expectations. 1-2 weeks, 4 weeks, 3 months, 6 months?
If you focus on 3+ months then this should be an easy call.