BitTorrent Potential Bounce (We Remain Bullish After ...)
Updated
We've been tracking BitTorrent for a while now and the retrace has been going nicely as expected. So hit LIKE... perhaps now if you want to get started...
We were looking at the 17-18 range as support as I mentioned in the chart below based on the Binance BTT competition:
(BitTorrent) We Remain Bullish After The Drop!
Now, I've made my job to warn you before this altcoin move. We like BitTorrent (BTTBTC) because of its huge growth potential.
So here is the thing, we are looking at a potential double bottom now at 20 satoshis, marked yellow on the chart. If this double bottom plays out with a bounce BTTBTC can start to move up from here.
For this to happen this level needs to hold and EMA10 (22) needs to be broken.
If BTTBTC moves down and closes below 20 satoshis then these signals are invalidated.
This is just a friendly reminder, you can check the link below for our full active trade which is now within buy-in range:](https://s3.tradingview.com/w/WvHyMplv_mid.png)
Thanks a lot for your continued support.
Remember to hit like.
Namaste.
We were looking at the 17-18 range as support as I mentioned in the chart below based on the Binance BTT competition:
(BitTorrent) We Remain Bullish After The Drop!
Now, I've made my job to warn you before this altcoin move. We like BitTorrent (BTTBTC) because of its huge growth potential.
So here is the thing, we are looking at a potential double bottom now at 20 satoshis, marked yellow on the chart. If this double bottom plays out with a bounce BTTBTC can start to move up from here.
For this to happen this level needs to hold and EMA10 (22) needs to be broken.
If BTTBTC moves down and closes below 20 satoshis then these signals are invalidated.
This is just a friendly reminder, you can check the link below for our full active trade which is now within buy-in range:
Thanks a lot for your continued support.
Remember to hit like.
Namaste.
Note
Upcoming event according to Coinmarketcal:01 April 2019 (or earlier) - BitTorrent Product Launch
"First version of the BTT live product launches in BitTorrent by end of Q1 2019."
Note
Results (Please hit like and send me to #1... Thanks a lot for the support):Ravencoin (RVNBTC) Now at 103%+ PROFITS:
 Ravencoin Full LONG Trade](https://s3.tradingview.com/5/5S13imky_mid.png)
Stellar Lumens (XLMBTC):
](https://s3.tradingview.com/t/TuXQpPO4_mid.png)
TAEL (WABIBTC) +23%:
KyberNetwork (KNCBTC) +60%:
![[KNCBTC][60% PP] KyberNetwork Analysis + Trade (1000%+ PP)](https://s3.tradingview.com/c/CBA3SpZ3_mid.png)
Bread (BRDBTC) +60%:
](https://s3.tradingview.com/e/emBzaBli_mid.png)
Other updates:
Bitcoin (XBTUSD) Short term:
Verge (XVGBTC):
](https://s3.tradingview.com/d/DM0FywMo_mid.png)
Ethereum (ETHUSD) Cup & Handle Pattern:
Hydro (HYDROBTC):
Thanks a lot for the continued support.
Namaste.
Note
openANX (ROUND 3 PROFITS) (OAXBTC): ![[Round 3] openANX Does It Again (Another Money Wave Is Coming)](https://s3.tradingview.com/s/SW0h9qa4_mid.png)
Note
Trade: BitTorrent (BTTBTC)BUY: 21-22
NEXT SUPPORT: 18
TARGETS:
(1) 27
(2) 32
(3) 37
(4) 43
(5) 47
STOP: Close weekly candle below 17.
Note
Let's take a look at some signals coming from the 4H time frame for BitTorrent (BTTBTC): - We have bullish divergence on the MACD. Blue arrow.
- MACD bullish crossover.
- Binance competition is over.
- Downtrend line being challenged now (purple). If BTTBTC can close above 22 satoshis with good volume, then it is likely that the retrace is over.
- Bullish RSI.
- Trading above EMA10.
- BTTBTC retraced all the way back to 1 Fib. retracement, it went below 0.786. So again, the main level to break is 22 satoshis which are being challenged right now.
Note: There is still a chance of more sideways action within the triangle. A break and close below 20 satoshis would invalidate most of these signals.
Thanks a lot for the continued support.
Namaste.
Note
If the 20 satoshis level break (support), then we look for 18 satoshis as "next support". This is our second entry if support break (and closes below).So you can simply rebuy and reload. If the daily candle closes below 17 (16 or lower) on the daily time frame, then this activates our stop loss and we close the trade and look for entry lower.
Right now, everything at 17 satoshis and higher is our entry.
Namaste.
Note
Our 18 satoshis support was touched, what happens next?If this level holds, which is true so far, we look to move up from here, if it breaks, we follow my last update on May 6.
We should only look for good volume, if good volume comes in and price moves above EMA10 (20 satoshis), then we are back on the up move... Here is the chart:
Thanks a lot for the continued support.
Trade active
Note
We are moving to this new thread, please remember to hit like (all updates will be posted there): ](https://s3.tradingview.com/z/ZJFLlxDg_mid.png)
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