BitTorrent (BTTBTC) is no different than other major altcoins... If you look at the time it has been consolidating and compare it to other Binance altcoins that are moving strong, the length of consolidation is average.
BTTBTC has been consolidating now for over 60 days, this is true for many of the Binance altcoins we've been trading/reviewing lately.
BitTorrent (BTTUSDT) hit a new low recently and moved above EMA10 just to quickly fall back down.
Right now the chart is lacking action/momentum, with BTTUSDT potentially going lower... But at current levels, a bounce is also possible since there is bullish divergence building up with the MACD and RSI.
The blue arrow shows the sideways-bullish scenario.
BitTorrent (BTTBTC) is still in its consolidation phase... Is it over?
It can take can a while longer before it ends. We can see that the 4 satoshis low have been rested and held as support.
We notice the RSI and MACD moving higher.
The price is going flat and trading within a range... The next move is a strong breakout...
Here is our BitTorrent (BTTBTC) full...
BitTorrent (BTTBTC) just moved above EMA50 for the first time since June 2019... It seems like forever.
BitTorrent had a massive rally early last year and has been retracing since with a few corrective up waves, now, with most of the altcoins going bullish and generating great profits, BTTBTC is getting ready to move as well.
But first... let's start with the...
There's currently a large momentum and acceleration divergence forming on WINk, this will likely play out relatively soon and I think that as the larger crypto bull market begins WINk will be a top performing asset for the following fundamental reasons
1) WINk pays large dividends in TRX, which will be a top performing cryptocurrency because it is the largest...
Here is our full PREMIUM trade signal for BitTorrent (BTTBTC).
If you would like to see the full chart analysis click on the image below:
THIS IS NOT FINANCIAL ADVICE.
ALL THE INFORMATION SHARED FOR LEARNING PURPOSES ONLY.
BTT (BitTorrent) downward wedge. The first target selling area is about + 90%. He showed all the goals and logic of work on the chart. Scam Justin Sun and Binance Exchange.
The legend of the project.
BitTorrent aims to tokenize the decentralized file sharing protocol with their cryptocurrency asset, launched in early 2019. BTT presents the TRC-10 service token,...
Bitcoin is about to dump the likes of which we haven't seen since.... the last big dump. 7300ish inbound and then we can start talking crap about how the value of government currencies going in this bitch. I wonder if what Im seeing here is emotions in candle form or there is some magic hand(s) guiding price action if not prolonging and exacerbating existing...
Looks like a bullish divergence on the MACD. Targets are as follows (easy 100-400% gains):
15 Sats - Where I will be selling then waiting for confirmation floor
BBs are closing very nicely on the daily indicating a breakout in the coming days. Watch her rip upwards! Also a gorgeous falling wedge.
If you have any questions or comments just ask.
Bit Torrent forms a triangle and is about to exit the triangle.
If Bitcoin does not fluctuate abruptly, good profit can be made from BitTorrent.
BTT chart is showing the strong upward trend. As per technical analysis , BTT has already reached to its IEO price and it is the best chance to make an entry.
In couple of months BTT can give 50% profit.
Priceline of BitTorrent / Tether US is moving within a down channel and has hit the support now turning bullish.
MACD is turning bullish.
RSI is oversold.
Stochastic has given bull cross.
I have defined sell targets using Fibonacci sequence:
Sell between: 0.0005498616 to 0.0005938
Atif Akbar (moon333)