Hello Everyone.
BTT has been a disappointment for many. I am sorry for any losses you may have endured. If you still hold a position-- I still say to hold it versus sell at some X% of a loss.
BTT will be higher again someday. Youd be better to wait to sell at your buy in point (If youre still in and are concerned.)... BTT obviously has some sort of a future. In any future Bull market (for alts haha).
My BTT position got wrecked when BTC climbed (bat shit crazy!-- were 1000$ above where almost everyone thought it would drop).
It was uncomforting to think where my BTT position would be at if it were BTC instead....
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Whatever the case, lets look at the USDT chart. My reasons for making this include.....
(i) BTT cant go much lower if F'n Justin Sun (perhaps boldy) claims that BTT will be Top 30 MktCapt in coming months. This may very well be right, and I wouldnt be surprised.... However-- isnt it odd that he would say such?
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I trust that if the Dev says that, were fine. However, him saying that may inflate whatever it was... Point is-- longterm on BTT-- everyone is fine.
This is a short term chart. This chart is invalidated if what is written doesnt occur tomorrow.
MY RECOMMENDATIONS:
DONT BUY BTT YET.
IF YOU IN A POSITION, you might consider selling if this plays out...
We need to break the wedge. It seems unlikely that the break will coincide with a major run. Whales may want us to break the trend. Then, people will think BTT is turning bullish. In which case, theyll buy some. New buyers will make whales happy when they sell their loads.
We need to break the trend to get good sentiment. The USDT chart points to an opportunity of this happening. We shall see.
Again, this is NOT recommendation to buy. It may be reccommendation to sell if it plays out.
Please comment your thoughts :)
BTT has been a disappointment for many. I am sorry for any losses you may have endured. If you still hold a position-- I still say to hold it versus sell at some X% of a loss.
BTT will be higher again someday. Youd be better to wait to sell at your buy in point (If youre still in and are concerned.)... BTT obviously has some sort of a future. In any future Bull market (for alts haha).
My BTT position got wrecked when BTC climbed (bat shit crazy!-- were 1000$ above where almost everyone thought it would drop).
It was uncomforting to think where my BTT position would be at if it were BTC instead....
--------------
Whatever the case, lets look at the USDT chart. My reasons for making this include.....
(i) BTT cant go much lower if F'n Justin Sun (perhaps boldy) claims that BTT will be Top 30 MktCapt in coming months. This may very well be right, and I wouldnt be surprised.... However-- isnt it odd that he would say such?
---
I trust that if the Dev says that, were fine. However, him saying that may inflate whatever it was... Point is-- longterm on BTT-- everyone is fine.
This is a short term chart. This chart is invalidated if what is written doesnt occur tomorrow.
MY RECOMMENDATIONS:
DONT BUY BTT YET.
IF YOU IN A POSITION, you might consider selling if this plays out...
We need to break the wedge. It seems unlikely that the break will coincide with a major run. Whales may want us to break the trend. Then, people will think BTT is turning bullish. In which case, theyll buy some. New buyers will make whales happy when they sell their loads.
We need to break the trend to get good sentiment. The USDT chart points to an opportunity of this happening. We shall see.
Again, this is NOT recommendation to buy. It may be reccommendation to sell if it plays out.
Please comment your thoughts :)
Trade closed manually:
See my next BTT BTC Post Please, thanks.
Comment:
Posted now (or next half hour).