Updated

BitTorrent (BTT)

BTT is a token for the famous BitTorrent peer-to-peer (P2P) file-sharing and torrent platform. After being purchased by Tron organization and relaunching the new BTT on the TRC-20 network, price dropped drastically. Anyway, it seems BTT has been correcting in a downward triangle-shaped pattern. Have to wait and see if price can break this pattern upward.

P.S. Be careful trading BTT as its price has dropped sharply in the past.

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BTT is moving in a long descending channel. Recently, an upward impulse wave started from the bottom of this channel and reached the upper band; if BTT breaks this channel successfully, further upward movement is possible. Let's see what happens.

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As can be seen, BTT broke the channel, and even more; went up with momentum. This means BTT has much more potential than thought. Let's see what happens.

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After BTT surged, it seems the correction wave is unfolding in the form of a descending triangle. Let's see when this triangle breaks.

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BTT almost ready for the next launch. Let's see what happens.

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So, BTT couldn't break the downtrend line and still in correction.

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Just an update; it seems BTT trying to break the minor downtend line and start the next upward wave. Let's see what happens.

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BTT on its way up.

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So, BTT is going up to finish the 5th wave. Let's see if the 5th wave unfold regular or extend beyond Fib extension level 1.

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So, there is a chance that BTT's 5th wave unfold as extended. If true, something like this could happen; Let's see.

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There is also another scenario for BTT; that is the 1st major wave is finished, and currently correction waves are unfolding. If this is the case, there is still room for correction. Let's see if correction unfold in a single a-b-c, a double or a complex one.

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So, it seems the second scenario is unfolding for BTT. Let's see where correction wave 2 ends.

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So, it seems BTT's correction finished at 0.618 Fib level. Also, BTT is trying to break the downtrend line; if successful, the next upward wave could start. Let's see what happens.

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So, BTT broke the downtrend line, made apullback, and is going up. Let's see how high BTT can go.

Trade active

As said in the previous note, BTT has already started its next upward wave. Let's see how high it can go.

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So, BTT went up and finished minor wave i within wave 3. Now. it seems minor correction wave ii is almost finished. Let's see when BTT breaks the downtrend line and starts the next upward wave.

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So, as it turned out, BTT's correction wasn't finished and unfolded in a classic a-b-c pattern. Now, it seems the next uptrend has started. Let's see what happens.

SaeedSalehinia

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SaeedSalehinia