BitTorrent and Tronfoundation will embark on a new adventure soon! So BTT fundamentally bullish.
On the other hand, technically BTT create cup & handle pattern with hidden bullish divergence!
for me I shorted with $100 margin from 0.004343 n closed my position at 0.003964 with leverage of 7x, almost $70 profits.
why I closed ?
cuz I love swinging trades like this❤️
we agreed before that it will go down from 0.004605, n I'm still at my plan. ( check our signal below this article in the related ideas section)
but from what I see that it can test...
fundamentally, I'm not convinced with BTT so that I will not hold it forever whenever I buy.
I suggest buying it an opportunity after correction done but don't sleep on it.
technically, on the chart we r already 82% n will go down more so it is juicy to make money.
we will go high a little bit to face a double top resistance n then will fall back more lower...
Technical Analysis
1. Forming of Large Pennant Pattern
2. Expect the market to fall to Fibonacci 0.618 Level which would complete our Pennant, potential OverSold on RSI and hitting the support structures
3. Fibonacci Level is also sitting on the structure level
4. 3 potential support levels, Horizontal, Trendline and EMA (creating area of confluence)
5. Our Take...
as every one knows BitTorrent is one of the most wanted services online so does its Crypto will be demanded
done the accumulation and started the move up
3 targets
if second 2TP Triggered the 3 TP is smooth touch
