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BitTorrent (BTT) - August 13

BINANCE:BTTUSDT   None
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(BTTUSDT 1W Chart)
If the price holds above the 0.0018650 point, it is expected that the uptrend will continue.

We believe we have formed a new support zone by touching near the 0.0018650 point and moving up.

Accordingly, the upward trend line (1) is expected to show an important trend in the flow of BTT price.


(1D chart)
If it falls from the 0.0026990 point, it is likely to enter the mid- to long-term investment zone, so you need to trade cautiously.

However, it is possible to rise by touching the support section formed in the 0.0008086-0.0011422 section, so countermeasures must also be taken into account.


If the price is maintained in the range 0.0035393-0.0052201, it is expected to turn into an uptrend and move higher.


According to the CCI-RC indicator (www.tradingview.com/x/uPXvPc5N/), the CCI line is attempting to break above the zero point.
As a result, volatility may occur, so trade with caution.

The center line is rising as the green of the OBV in the volume indicator (www.tradingview.com/x/xjF9iHxP/) is increasing.
This indicates that the buying trend is increasing.

I think the way to get more profit right now is to buy and see support rather than a trade that causes you to buy while the price rises.

Accordingly, we recommend buying in installments after confirming the support in the 0.0038418-0.0042346 section.

Expect to reorient in the interval 0.0069008-0.0077411.

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(BTTBTC 1W chart)
If the price is maintained above the 6 satoshi-8 satoshi range, it is expected that the upward trend will continue.

In order to create a new wave, I think it is possible to break out of the downtrend line while maintaining the price above the 12 satoshi-14 satoshi range.


(1D chart)
If the price is maintained in the 9 satoshi-12 satoshi range, it is expected to turn into an uptrend.

However, in order to continue the upward trend, it must rise above the 12 satoshi-14 satoshi section.

If it goes down, we need to see if it finds support in the 5 satoshi-6 satoshi zone.

As we see the centerline moving upward as the green color of OBV on the volume indicator increases, we expect it to continue its upward trend unless the BTC price plummets.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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