BitTorrent was launched/added to Binance and the opening price was 6 satoshis. Just two days ago BTTBTC hit a new all-time low at 5 satoshis, to me, this marks BitTorrents bottom.
Once you are down, the only place left to go is up.
You can't go any lower than the bottom...
You can stay there for a while, you can doubt you can stop the growth... But once you are down, all that is left is to go back up.
Trading has come to a halt. While BTTBTC remained , moving lower, there is no trading .
RSI hit oversold. There are no sellers left and the is already moving up sitting now at 42.
MACD . The on the has been building up since May. We are now seeing a young crossover.
Above-average daily . If you zoom to today's candle, the daily is going green and above average.
Bitcoin strong drop had no effect on BitTorrent. Bitcoin made a huge retrace, great momentum on the drop for the past three days, yet BTTBTC grew in price or remained the same...
This also happened for Wanchain and QuarkChain, see the charts below:
We reached the end of the road... For now, we buy and reload.
It doesn't matter what happens at this point just buy and hold. Buy and hold, is all I say...
We will see in a few short weeks when the market goes our way.
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This is Alan Masters.
There is more volatility in the USDT pairing. BTT/BTC is log jammed. I think people throw loot at the Tether pairing hoping to catch a pump but can more easily liquidate the position. It takes moving a mountain to bump the BTC pairing 1 sat.