BTT has tremendous upside channel potential!
- Huge Fibonacci retracement 9/10
- SMA 14 RSI 4.6
I'm going to buy long because of these two technical indicators. Fibonacci retracement at 9/10 is a great combination that goes alongside the RSI 4.6 pointing to a good entry point for new buyers, solid technicals for large upside from large oversold downside...
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Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto...
We have seen price go higher after it has entered the M(OB). Now it seems to be retracing towards the M(OB) around 0.0032 which is where I expect it to get rejected before it continues going higher.
Furthermore, the weekly TF is showing that price has previously purged through the previous Weekly temporary swing high signaling future higher prices, hence we...
Looking at BTT and the pattern it formed today it reminds me on and analysis i once did on SHIB months before it went ape it looked just like this. Ever since BTT was listed it went parabolic once which was 1st quarter 2021 create a new ATH of $0.013 and its been on a down trend ever since and has bounced twice on our major support of $0.001.
when it holds that...
Using again the Cloud indicator,
extreme support can be seen building in the orange zone, with many touches at the bottom of this zone
this was a support even before the massive breakout, expect another breakout if it continues to hodl
Just as the price fall, price tries to gain momentum to the upside but couldn't go further. We see a symmetrical triangle formation so a break in any of the trend lines the price moves in that direction
BitTorrent has grown by about 80% after flooring in the 0.0020 zone with an Increased buying demand.
The descending trendline is broken and submitted above it.
The growing trendline also touched and reacted to a resistance zone on 0.0042 and another dynamic resistance.
in case of any slump, 0.0033-0.0032 zone would be a good area for entrance.
Support areas: ...
Chart shows common supports and resistances based on the fibonacci and price action. The total evaluation for BTT is bearish. The price itself was not able to produce any higher high despite being oversold in the daily timeframe from the Relative Strength Index. This shows that the asset itself is not capable of sustaining above the soft support in an overall...
Chart shows common supports and resistances based on the fibonacci and price action. The total evaluation for BTT is bearish. As of the moment, the BTT price has spiked very abruptly from the support to a very oversold region in the 1H chart, and since we are currently in a downtrend in BTC, shorts should be more applicable in this move since there was a 20%...
BTTUSD did not go up after a false breakout of the level and could not update the tops. She returned to retest a strong level from September 2021 and is preparing for a breakout. I'm waiting for a breakdown of the level with consolidation and a fall in the price to 0.02925
Using this bands indicator, I am able to plot the highs and lows for BTT.
Price can be currently seen to be within a symmetrical triangle, yet to break out
The staggered indicator can be seen within the triangle this is common with triangle structures