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BitTorrent (BTT) - May 29

BINANCE:BTTUSDT   BitTorrent / TetherUS
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( BTTUSDT 1W Chart)

(1D chart)
We need to see support at the 0.0035393 point and see if we can move along the uptrend line.

If it goes down, you should check to see if it finds support at the 0.026990-0.0035393 range.

It is important to break out of the downtrend line to turn into an uptrend.
As such, we will have to wait and see if it can rise above the 0.0052201 point between around May 28th - around June 4th.

The 0.0002859-0.0011389 zone is an important zone and is expected to form a strong support zone .

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( BTTBTC 1W chart)
As a low-priced token, it is difficult to determine where to buy and sell.
So, we need to look at the chart a little more broadly.

The 8 Satoshi-9 Satoshi section is an important section in that sense.


(1D chart)
We will have to wait and see if we can move above the 12 satoshi point to break out of the downtrend line.

If it falls from the 9 satoshi point, it can touch the 7 satoshi point or less, so Stop Loss is required to preserve profit and loss.
However, it may follow an uptrend line, so trade with caution.

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It is advisable to trade at 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 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, so that the funds that ultimately correspond to the profits can regenerate the profits.

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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 do not trade 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

Comments

Excellent analysis. I think we could go up here 🐮👌
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