We are active with a full BitTorrent (BTTBTC) trade for over 333% profits potential, and looking at the chart right now it seems that we are reaching the end of the road. Action can start at any time, so get ready... This is a friendly reminder.
Before we get started, make sure to hit like... And here you can find our FULL TRADE for BitTorrent:
Thanks a lot for the support... Let's continue with this analysis.
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 bullish 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 bullish wave.
I've drawn a descending channel (low + trendline) and we have reached the end of it, so a breakout is very likely to happen soon.
We are seeing bullish divergence showing up on the MACD, this is marked with a purple arrow. As well as a bullish crossover.
The RSI also hit an all-time low recently at 30.
Looking at the bullish divergence, 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 bullish divergence 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.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
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Do you want to see an analysis for BitTorrent vs Tether (BTTUSDT)?
If yes, leave a comment in the comments section and hit like, if enough people are interested I will do it.
Thanks a lot for the support.
Namaste.
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BitTorrent (BTTBTC) is showing some volume, just getting starting but good to notice. 12 Satoshis held nicely so far:
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Actually, it looks like 12 satoshis is going to be taken out... No big deal as mentioned in our analysis above.