Priceline of BitTorrent (BTT) / TetherUS has formed a bullish BAT and entered in potential reversal zone.
I have used Fibonacci sequence to set the targets as below:
Buy between: 0.0008680 to 0.0007410
Sell between: 0.0011709 to 0.0016238
Atif Akbar (moon333)
We are testing the first zone of interest now, from where last time was over 200% pump. Also price is forming a bullish wedge and RSI is forming a Bullish divergence. Setup looks very bullish. Good luck everyone!
This is just my opinion and view of the market. Please keep this in mind and consider in your trades.
Hit "Like" if you like my analysis....
As I said in other posts, I deleted the BTT / BTC pair from my trading list to reduce spread and only trade BTT with ETH or USDT
Current Price : 0.00134$
Buyzone : 0.0013$
Sellzone : 0.00144-0.0017-0.0018$
Stoploss : Under 0.00127$
Buyback : 0.00121$-0.00113$
The “perfect” Gartley pattern has the following characteristics:
Move AB should be the .618 retracement of move XA.
Move BC should be either .382 or .886 retracement of move AB.
If the retracement of move BC is .382 of move AB, then CD should be 1.272 of move BC. Consquently, if move BC is .886 of move AB, then CD should extend 1.618 of move BC.
Move CD should be...
As last analytic for BTT, BTT has increased strongly from the area of 0.0006$. Target of this wave can reach 0.000828$-0.001$ or 14-20sts
I think BTT has accumulated enough and ready to pump.
In my opion, I don't see any deeper dip for BTT
Stoploss if price is lower than 0.0006$ or 8sts
I think we're going to see some accumulation in this area, no telling how long it'll take though. Noticeable bullish divs on the 12H could have given us an indication of that recent bump up on BTT.
If we do make another leg down, I'd look at the 5.4K area.
BitTorrent (BTT) came into existence in cryptocurrecny world on Binance’s launchpad with positive support from the community and is backed by TRON community as well
BitTorrent Price for today is $0.0009521(BTT/USDT), with a total circulating supply of $990,000,000,000 and a market capitalization of $3,630,797.
Lets look at the latest...
$BTT in short term is bullish according declining volume, support and resistance lines.
Buy - just above yellow support line.
Sell - just below blue resistance line or in case of successful break out sell on 84% PPT.
Do not forget to setup your stop losses.
It's not a financial advice.
Trade carefully and good luck!
Looks like BTT is in correction forming a ABC and now forming the last wave C.
I thought as many traders we were in wave 4 and we would reach double top or go higher with the wave 5.
But this count was invalid in the moment we broke the top of the wave 1 at 0.00092 area
This is an alternative count Bearish count and it makes more sense to me because...
Here is may current game plan for BTTUSDT (Binance).
You can check the chart as it develops here, as this is a constantly updated chart, depending on new situations:
The yellow lines indicate strong resistance/support levels, the dark red ones medium and the dark grey ones light resistances/support.
Buy BTT 13 Satoshi and Sell 16 Satoshi. Stop Loss 11
Breakout Falling Wedge Which is Reversal Pattern.
BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!