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Bittorrent

Bittorrent (BTT) Hidden Bullish Divergence Daily ChartAlright folks so my last BTT idea was closed out due to the recent market sell off. I have now updated it and it is looking even better. The red line indicates the failed trend line from the previous idea. Green line indicates new trend line and also forms a symmetrical triangle. I have posted the measured move ASSUMING it breaks out exactly at the apex. So this is going to be a conservative measured move as sym . triangles tend to break out 75%-80% through the structure. Hidden Bullish Divergence: As you can see from the RSI , we have a lower low in contrast to the higher low we just witnessed in the last few days. This dating back to the beginning of our run, starting in Jan-Feb. GREAT for long term traders. Fib Level analysis. As you can see, we wicked down to the .786 which is actually great. We were able to truly shake out some weak hands and get our BTT at a cheap price. Now we are looking for a candle body close right smack dab on the .618. This would be a truly ideal scenario to continue our bull run. Elliot Wave perspective- I believe we are entering our third wave on a macro level. So ideally, we would want to the next wave hit 1.618 fib level. This would put us at JUST ABOVE 2 cents. Conclusion: This is a daily chart analysis. Allow these positions to play out over the next few weeks. Take profits at previous high and also 1.618.
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by NoobTraderTV
🟢 BitTorrent, Possible Scenarios? I'm more bullish on BitTorrent. because it has been consolidating for 20 days since the all time high. and yesterday on the weekly chart we touched the 55 EMA, which really needed it. which I was concerned about it before yesterday. Now, BitTorrent is really ready to fly. let's hope the BitTorrent team publishes good news about the (BTFS) and I see you at the moon. ---- Bearish scenarios? It's hard to clearly tell. BUT, if we dump, it could be head and shoulders or going down to forming a W pattern which at the end, it will take us to a trip to the moon. There is a 20% chance of dumping again. let's see how Bitcoin can stabilize this weekend. ---- I'm holding BitTorrent since January and I'm watching it closely since then, Please Like this TA and follow me for more, I share my thoughts on BitTorrent every day 🙏🏼 Thank you. ---- Do your own research before you buy or sell and I’m not a financial advisor.
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by UnknownUnicorn14715359
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🔴 WHAT NOW? BTT touched 55 EMAIn the daily chart, we needed to touch the 55 EMA. And now if the Bitcoin price stabilizes we may see beautiful days again, even we may see the moon. __ If you saw my last TA, I said if it closes below 0.007 we go for 0.00547 so that’s what happened. And now If closes below 0.00549 We go for 0.00378 😢 __ I share my thoughts on BitTorrent every day, Follow me for more 🙏🏼 Thank you. __ Now there are great buy zones, Do your own research before you buy or sell and I’m not a financial advisor.
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by UnknownUnicorn14715359
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BitTorrent (BTT) - April 22Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (BTTUSD 1W chart) (1D chart) We need to see if we get support at 0.00675042-0.00757607 and climb along the uptrend line. If you go down at 0.00675042, you need a short stop loss. ---------------------------------- (BTTBTC 1W chart) (1D chart) We have to see if we can get support and climb at the 14 Satoshi branch. If it falls, we need to see if we can get support at the 12 Satoshi spot and climb along the uptrend line. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective. GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
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by readCrypto