We concluded that BTTBTC can go much higher... This is all really simple.
We know that BTTUSDT started to move first (chart on the right) and went on to produce a new all-time high on just two weeks of action.
Looking at the right chart, even now the BTTUSDT is incredibly strong... Also notice that it went above the 1.618 Fib. extension and it plans on going higher.
On the left side we have BTTBTC and this pair is following BTTUSDT . If we go by these numbers, BitTorrent should generate at least 500% profits from our recommended buy-in to peak price at 60 satoshis. From the current price (20 satoshis) this would be equal to an additional 200% profits. (500% total profits from our recommended buy-in to this projection)
We are also looking at three consecutive green candles on the weekly time frame, left side, for BTTBTC , which is a strongly pattern and will confirm if the week closes around 20-22 satoshis or higher (this can vary if the price goes too high and then retraces but this is a general idea now).
We are selling our BitTorrent only after it reaches a new all-time high!
(We trade with patience, we trade for long term profits).
(Remember to have a plan and secure profits on target).
What's your take on this?
Please make sure to hit like now, if you want to, and share your thoughts in the comments section below.
This is not financial advice.
Thanks a lot for your continued support.
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Although the two pairs show different growth rates, the general trend will be the same?
if bttusdt moves down, bttbtc will also go down.
But you believe that bttbtc will catch up to bttusdt right?
Always appreciate your analysis.
We believe BTTBTC has the potential to grow as much as BTTUSDT.
We believe it will follow.
We don't necessarily believe that they are linked or move together just that the charts are really similar and that it is very likely that the BTC pair will follow the same path or produce similar gains.