Hello friends,
On the 2 hour chart we can see that BTT has reached its limit and has begun retrace. We shall test support of .0004600 and possibly head lower toward Jan 30th opening price of .0004 if support is broken. It was surprising to see this one take off in my opinion given the purpose of this coin and how over priced it is compared to the ICO I suppose the rewards of airdrops is the motivation here.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
On the 2 hour chart we can see that BTT has reached its limit and has begun retrace. We shall test support of .0004600 and possibly head lower toward Jan 30th opening price of .0004 if support is broken. It was surprising to see this one take off in my opinion given the purpose of this coin and how over priced it is compared to the ICO I suppose the rewards of airdrops is the motivation here.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
Comment:
At the time of editing this chart. The shooting star was in place and now looks to be a bearish engulfment. That could change as well.
Comment:
Big interest caused the dip to not go as expected, more buyers with big cash vs those who are HODLers, plus air drops. The dip I expected didn't last or play out as expected because of interest and the airdrop coming on the 11th.