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 long-term chart...
We are looking at over 680% profits potential...
BITTORRENT (BTTBTC) BULLISH SIGNALS
Growing volume. We see the highest volume since early June... The trading day still has halfway to go. A close above 6 satoshis (7 or higher) is needed.
Trading above EMA50. Needs a daily candle close for confirmation.
Very strong RSI. Now above 60 with a MACD that is entering the bullish side while printing a bullish crossover... Get ready for action!
Trading volume reached basically zero, so a high volume bar to break above EMA50 is a great bullish signal for an upcoming change of trend.
We also have the classic and now very strong bullish divergence with the MACD... BitTorrent, as well as the entire cryptocurrency market... Is about to move much HIGHER!
See more information about the new bullish wave coming to the cryptocurrency market here:
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