The BitTorrent (BTTBTC) chart is getting stronger...
To a new 'eye', it is hard to tell what is going on with this chart.
You could say that the price has gone flat because the pair is dead.
You could say there is no volume and no action so a dump is very likely to come...
But that is not the case when you look at hundreds of different charts. Here we can...
Looking like a breakout is near, after 140 days in downtreand, really feels like the bottom. big volume coming just like the last time it pumped 200%. Really good r/r.
TP 1: 0.0004817
TP 2: 0.0006131
TP 3: 0.0008000
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into...
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 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 (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...
I had to redo my EW attempt because my original one failed 2 of the 3 Cardinal Rules of EW Theory:
Rule Number #1: Wave 3 can NEVER be the shortest impulse wave
Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1
Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1
I would like to hear your thoughts, comments, suggestions, etc.. and...
BTT (Bittorent) (3D TF)
Falling Wedge Completed..
Looking Strong For Breakout..
Holding Support Area
All Indicators Bullish
Many internet users today are familiar with the BitTorrent peer-to-peer protocol invented by Bram Cohen that powers the torrent clients used...
BTTUSDT is showing a potential uptrend, notice that the price may might get to the green zone, if it does and the STOCHASTIC remains positive along with the positive MACD then, price can reach a 40% to 60% profit.
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.
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.