alanmasters
Long

BitTorrent Full Trade - Patience Is Key! [BTTBTC](195%)

BINANCE:BTTBTC   None
Here is my latest update for BitTorrent... PATIENCE IS KEY!

We tracked the whole trip, we saw it go up and later go down.
We saw the resistance levels and we also shared the support.
We have been waiting patiently, so get ready to trade this coin.

Ok, enough games...

BitTorrent Quick General Analysis

My main trade idea for BitTorrent was titled, "We remain bullish after the drop ...", the price dropped and bounced perfectly from our "next support", which is 18 satoshis. Now I am seeing buy orders building up and all the classic signals telling BTTBTC retrace is most likely already done.

  • Trading above EMA10.
  • MACD bullish crossover.
  • Strong RSI .
  • Hit like before moving on... Thanks a lot for the support.


BitTorrent ( BTTBTC ) Trade Instructions by Alan Masters

BUY: 19-21
(This is our main recommended buy-in range. You can wait for BTTBTC to be within this range in order to buy-in.)

NEXT SUPPORT: 17-18
(This is where BTTBTC finds support if the price falls below our main buy-in price, a second entry. We can use this level to buy more or simply for reference.)

TARGETS:

(1) 24
(2) 28
(3) 31
(4) 35
(5) 39
(6) 41
(7) 45
(8) 52
(9) 57
(10) 62

(These are the levels where we sell for profits. There are many different ways and strategies on how to approach these targets. Our main strategy for beginners is to sell a portion of our holdings at each target. More advanced strategies can be used for seasoned traders.)

Note: It can take days, weeks or even months for a trade to fully develop.
Not all targets are meant to be reached. My main goal is to provide you with a good entry which creates a good position. You can sell as much as you want as prices move up and fully close your trade when you are satisfied with your profits.

STOP LOSS: Close daily candle below 16 satoshis.
(If the trade goes bad, this is where we stop cut our losses and if enjoy this altcoin, we can later look for a new entry lower.)

CAPITAL ALLOCATION: <10%.
(This is the recommendation of how much of your trading capital you can apply to this trade. Naturally, you can use as much capital as you want but I am a big advocate of diversification to reduce risks and increase potential rewards when trading altcoins.)

Note: These are all suggestions and recommendations. You can always modify these to suit your own unique lifestyle and trading style.
All the information here is shared for learning and entertainment purposes only. This is not financial advice.

Finally, I close my trades with a Spirit and Soul lifting message in the hopes of sending you good vibes and positive energies...


PATIENCE BRINGS SUCCESS

If you can wait you can win.

If you can wait you can breathe.

If you can stop and breath now, once more once again.

This breathing will turn into patience which will attract success.

Namaste.
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Comments

i am really like this coin as i think it has the future of sharing speed .
wish you luck
+2 Reply
alanmasters h.shaelaie
@h.shaelaie, Thanks a lot, appreciated.

Namaste.
+1 Reply
I love Bittorent, thanks for sharing!!
+1 Reply
alanmasters Crypto_Mercy
@Crypto_Mercy, My pleasure, thanks for the comment and support.
Reply
Hey Alan thank again for you TA.

Don't you think the capital allocation should be different according to the "trader size" ? Some trade with 0.1BTC, other with 1BTC, other with much more. SO yeah when you have a few BTC it's easy to diversify the investment and still earning good money, but with 0.2BTC, strategy should or could be different. I think BTT is a good coin for those little trader who want to double easily, just buy more if it goes down and wait...
Reply
@hijonik, It can be done but you are increasing your risk.
Reply
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