BitTorrent Finds Support - We Remain Bullish (Accumulation)
Updated
I wrote several updates for you about BitTorrent and its price action.
Without going back to those old analyses, let's look at the chart as it stands today.
We can see an accumulation phase with sideways action.
BTTBTC broke below support (23 satoshis), which is now sitting at 0.786 fib. retrace (orange line), just to quickly bounce up.
Now we can see accumulation happening with EMA10/50 working as main support, and 26 satoshis as the main resistance.
Seeing how fast BTTBTC bounced when it broke below 21 satoshis, we can consider this a very strong support.
If at anytime BTTBTC breaks below 21 satoshis with strength, you can expect 18 to be tested. If there is no strength on the break, then a bounce can be expected.
As for the bullish view, any catalyst can send BTTBTC booming to the upside with the main targets being 26, 32 and 37 satoshis. If 37 satoshis, the last peak, can be broken with strength, we look at higher targets with a new analysis.
I've marked on the chart several different possible scenarios. Whichever one comes true if support is broken, we always await a bounce with bullish potential. We remain bullish long term on BitTorrent (BTTBTC).
This analysis is done by the request of my Trading View followers. I riding this wave long term.
Remember to hit LIKE.
Namaste.
Without going back to those old analyses, let's look at the chart as it stands today.
We can see an accumulation phase with sideways action.
BTTBTC broke below support (23 satoshis), which is now sitting at 0.786 fib. retrace (orange line), just to quickly bounce up.
Now we can see accumulation happening with EMA10/50 working as main support, and 26 satoshis as the main resistance.
Seeing how fast BTTBTC bounced when it broke below 21 satoshis, we can consider this a very strong support.
If at anytime BTTBTC breaks below 21 satoshis with strength, you can expect 18 to be tested. If there is no strength on the break, then a bounce can be expected.
As for the bullish view, any catalyst can send BTTBTC booming to the upside with the main targets being 26, 32 and 37 satoshis. If 37 satoshis, the last peak, can be broken with strength, we look at higher targets with a new analysis.
I've marked on the chart several different possible scenarios. Whichever one comes true if support is broken, we always await a bounce with bullish potential. We remain bullish long term on BitTorrent (BTTBTC).
This analysis is done by the request of my Trading View followers. I riding this wave long term.
Remember to hit LIKE.
Namaste.
Note
Here is our BitTorrent trade:--------
Trade: BitTorrent (BTTBTC)
BUY: 22-24
NEXT SUPPORT: 21
TARGETS:
(1) 27
(2) 32
(3) 37
(4) 43
(5) 47
(6) 52
STOP: Close daily candle below 18.
Note
TARGETS: (1) 27 -Reached
(2) 32 -Next target.
(3) 37
(4) 43
(5) 47
(6) 52
STOP: Close daily candle below 18.
We hit our first target and now we wait patiently for more.
Remember to hit LIKE to receive more of these easy to follow, safe and very profitable trades.
Your support is truly appreciated.
Enjoy the profits.
Namaste.
Note
Latest update (we still follow/comeback this thread for our trade): 
Note
We hit another target for BTTBTC.That's an increase of 39% within a day.
Enjoy the profits.
TARGETS:
(1) 27 -Reached
(2) 32 -Reached
(3) 37 -Next target.
(4) 43
(5) 47
(6) 52
Note
You can buy back in as we enter our buy-in range:--------------------
Trade: BitTorrent (BTTBTC)
BUY: 22-24
NEXT SUPPORT: 21
--------------------
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.