This is madness. 300% gain in just 3 days. OMG.
We know it is very tempting to buy. FOMO mode on.
But we have to cool down a bit.
Let’s look at the chart and on the indicators.
• We have already finished 1-5 inclining waves
• We are expecting a correction Elliot waves
• The price should stop at Kijunsen(blue) or TenkanSen(red)
• Weis Waves – there is massive demand and no supply whatsoever
• WBM BUY/SELL Indicator (it is our self-made oscillator but we changed the name) - we are totally oversold
• The price gained 300% in just 3 days – madness
• We are observing right now descending volume
Beyond technical analysis:
• This is super-hot coin widely acknowledged by the crypto community
• BitTorrent is a widely known brand
• We are just a few days after ICO
• We can trade BTT on Binance, Cointiger, OKEX, Kucoin, Bitbns
• They plan to cooperate with many more exchanges and wallet such as Bithumb, Huobi, UPbit, Bitbox, Trustwallet and many more
• Each time they will announce new above-mentioned partnership we expect a price spike and hype on the price.
To sum up this rollercoaster.
Technically it looks very much oversold. Fundamentally there is still much potential.
We would wait till the emotions on this coin cool down a bit and re-enter at the dip of the correction phase.
If you really want to enter right now do not forget about setting your stop-loss.
We will make an update basing on our WBM BUY/SELL Indicator.
Thanks for your time and reading.
Post a comment down below. We are curious about your opinion.