The upcoming BitTorrent Chain (BTTC) will be a cross-chain scaling solution that interconnects TRON, Ethereum, and BSC. On top of providing global mainstream blockchains with practical scaling solutions, more importantly, it will deliver heterogeneous cross-chain communication that is decentralized and free of trust, ushering in a new era of “connecting all chains”.
Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally. Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide.
The BTT logarithmic chart shows a large upward channel. The price is near the support zone (line and support level). An upward movement - consolidation - continuation of the uptrend.
Thanks EXCAVO for bringing this one back in front of my eyes. You're spot on! The fundamentals are serious enough, BTT should appreciate greatly in value over time. Imagine to one penny is coming up, then do the math from here thru the rest of the decade, this should be a great trade and likely as well, a good investment for long term Hodl.
Gunslinger2005
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solution exists. it isnt btt.
ladaneslami400
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Fire👍
MonoCoinSignal
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King🔥
PeacefulWarrior
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Powerful. Thanks!
MoneyOrForexInMyName
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Not to be critical, but if I understand correctly BTT has been a vaporware coin (and still is..)? How long has this dev team needed to integrate/scale their chain? I’m on the fence about this one. The fishy order blocks mentioned by @Tedzily make me think that just adoption and usage (which is what, speed up a torrent that already downloads in 15 sec?) are too weak too see much upwards PA here
BodiesXWix
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@MoneyOrForexInMyName, I just now read this. It's not even about their utility. It's fine. Nothing amazing, but it works. The problem is all retail traders think the same. I was just trying to say Look for other factors as to maybe why your idea possibly won't work.... And of course it didn't. I haven't looked at my chart bcause I've been more focused on Iotex, SOL,, XYO, ETH, etc. But it's still doing the same tat I drew out
BodiesXWix
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Not trying to rain on your parade. But, just thought I'd share another perspective. Those tht study SmartMone know not to follow a channel or a trenine bcause they always easily backfire, why? Because tht's where the liquidity is. Price seeks where the liquidity is resting to flood the pair with liquidity and it just did that with the huge spike up breaking some equal highs. Now all I see above is a 4 hour fair value gap and riding the medin of tht os bout the 80% retracement wheich is where most reactions occur. You have a "support" below, but tht's not actual support. I se this hitting bearish order blocks before striking the median FVG and fallin back down to the lowest daily fair vlue gap under the "Support" where there ia lot of liquidity. The retailers jump onthe buy and it pushes deeper because the guys with the deep pockets can manipulate it so esily like that. I see it heading to the probably round .0023 s tht is the 4 hour bullish order block that has been un touched. Just my two cents. We'll just hve to wait and see
BodiesXWix
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As a Smrt Money Trader, the area I circled in red is usually a death trap, too many bearish PDRA's in those that it kills any momentum moving up. Plus add the Williams % in there and it'll ne way over sold by the time it gets to that same area. I've been looking at BTT myself, and This is What I keep seeing.
MoneyOrForexInMyName
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@Tedzily great question. One for you - do you think the bearish order blocks could simply just be because it is only just now reaching adoption stages? Bearish momentum can change with the snap of a finger (under certain conditions but probably a bit commonplace) in crypto. That said, we may both be wrong and we’ll see BTT pump once btc runs to 100k in the next months