CrackingCryptocurrency
Long

BTT/BTC Setup M032

BINANCE:BTTBTC   None
~There is beauty in simplicity.~

-Trade Based off of Data, not Emotions
-Same Input = Same Output. If you don't do the same thing consistently, how do you know what you are doing wrong?
-Patience. There will always be another trade, another setup.


Call No. M032

Coin Name: BitTorrent Token BTT/BTC

Direction: Long

Chart: Right Here Yo!

Exchange: Binance

Entry: 17-19

Take Profit Targets: 22-24-27

Stop Loss: 14

Risk: -22.37% (Risk: 3% of Account)

**Use Position Size Calculator to Adjust Position Size for Risk.
Risk % {USD Value} / Distance to Stop {Decimal Value} = Position Size**

Time Horizon: Mid-Term (1-2 Weeks)

Justifications:
1. BTT and TRX have been the quietest coins on Binance during this early alt season. I fundamentally expect them to put in significant moves once they've been sufficiently accumulated.
2. Not many positive technical indications on the daily chart .
3. The 8HR Chart looks much better however. Waddah Attar Bullish above explosion level, Fisher above Zero line.
4. This is a trade based off Sector Analysis rather than pure Technical Analysis .
5. Looking back at my past analysis of BTT , I expected this drop down into our demand zone . The zone of liquidity below a previous swing low during the rally.

~Manage Risk, Trail Stops, Lock in Profits~
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