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Chibuike_Odoh
Feb 5, 2021 1:31 PM

BTTUSDT (BITTORRENT) - DAILY ANALYSIS  Long

Description

ANALYSIS 🔎
- BTTUSDT is printing the inverse head and shoulders pattern.
- This is a trend reversal pattern.
- A bullish one to be precise.
- RSI is printing a bullish divergence signal.
- Price is testing the inverse head and shoulders neckline resistance.
- There's a breakout potential.

BUY ENTRY ⬆️
- Aggressive (risky): current market price (now).
- Conservative : breakout above the inverse head and shoulders neckline resistance.

TARGETS 🎯
- Horizontal resistance level R1.
- Horizontal resistance level R2.

SETUP INVALIDATION ❌
- Breakdown below the right shoulder's horizontal support level.
Comments
samvacquier
Are you able to do an update on the current chart ? Nice 1 appreciate your insight
Chibuike_Odoh
@samvacquier, I'll do another analysis on BTTUSDT soon
samvacquier
@Chibuike_Odoh, Thanks dude !
Chibuike_Odoh
samvacquier
@samvacquier, HA ! Its just done what i thought it was going to do !
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