BTT has been crawling up for almost two weeks now. This is relatively unexpected because BTT is one of those coins which has a lot of volatility in its nature. When you scroll back the chart you see what I mean.
Relative to Bitcoin, BTT has been underperforming. Last night's sell-off might trigger BTT to make up for past gains and shoot up. Seeing that the past two days there were some massive bullish wicks, I'd argue that there's a lot of big buying power behind this asset at the moment. A great short- to mid-term investment.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
Relative to Bitcoin, BTT has been underperforming. Last night's sell-off might trigger BTT to make up for past gains and shoot up. Seeing that the past two days there were some massive bullish wicks, I'd argue that there's a lot of big buying power behind this asset at the moment. A great short- to mid-term investment.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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