We can expect BitTorrent to go down until the end of the competition, at which point it can start to bounce, certain criteria are needed for this scenario to happen, read below:
- BTTBTC needs to break below 22 satoshis for it to test the 17-18 range.
- If BTTBTC instead moves up and closes above EMA10, then we can expect to see 25 satoshis working as resistance. If this level breaks it goes straight to 27.
- 20-22 Satoshis is the next target.
Wait for the price to drop before buying-in or buying more.
Note: This is not a piece of trade advice. My trades are clearly marked and contain buy-in, targets, and stop-loss.
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Type any questions you have in the comments section below. I will be happy to answer.
Thanks a lot for reading.
I am still tracking this for us (me and you), I will share a new update with buy-in suggestion as soon as the retrace is complete.