Trade signal | BitTorrent (BTTC) completed a setup for next pumpHi dear friends , hope you are well and welcome to the new trade setup of BitTorrent (BTTC) with US Dollar pair.
Previously we caught 61% pump of BTTC as below:
Now on a 4-hr time frame, BTTC has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Bittorrentusdt
BitTorrent (BTTC) forming bullish BAT for upto 17% pumpHi dear friends, hope you are well and welcome to the new trade setup of BitTorrent (BTTC) with US Dollar pair.
On a daily time frame, BTTC is about to complete the final leg of a bullish BAT move for bullish price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
WILL BUYING BTTC DUMP $TO0.00000098 BE WORTH IT BY 2025?Looking at the Daily chart we see a mini short term pause in the form of a sideways price move
Could this be a pause before a continuation of the current dump or a pause before a complete
change in direction?
Bitcoin Is not called the king of all crypto for no reason as we see all altcoins react
to each down move by bitcoin no matter how far the token has moved before the BTC reaction.
I do see that according to the BTC chart below, BTC buyers could for a pull up if they succeeded in
holding up the support above 26800 if the bull force and buy power holds up till 30k then altcoins
including BTTC stand the chance to recover to 0.00000188
My Conclusions:
Buying More Bittorrent Chain Token at the current price of 0.00000098 will see a good over 300% till the end of 2022
but do know that the dump is not over as they will likely return down for more dump before the major pump will begin in late 2024.
$BTTUSDTBitTorrent Coin Price & Market Data
BitTorrent price today is $0.000002155298 with a 24-hour trading volume of $124,310,361. BTT price is up 1.2% in the last 24 hours. It has a circulating supply of 0 BTT coins and a total supply of 990 Trillion. If you are looking to buy or sell BitTorrent, Upbit is currently the most active exchange.
BitTorrent was initially conceived by Bram Cohen, a peer-to-peer protocol for users to transfer files around the world. The BitTorrent Token (BTT), a TRC-10 token is created on top of the TRON blockchain platform as a way to extend the capability of BitTorrent. The token is added to introduce some economics feature on BitTorrent for networking, bandwidth, and storage resources to be shared and tradeed.
Some of the other feature that BitTorrent Token (BTT) offers would be BitTorrent Speed. This is whereby BTT tokens can be big in exchange for faster download speed.
BitTorrent Wave Analysis | Jan 1This is my scenario about BitTorrent
According to my scenario:
We are currently in wave 4th
The price moves in a triangle which I considered wave 4th ( abcde correction )
After breaking the triangle, I expect the bullish fifth wave
btt usdt bittorentbtt 0.1 coming soon
buy and hold
If 0.0045 area is broken, we have no resistance and we can touch the following targets
Buy and keep
0.013
0.025
0.089
0.12
BTT Price Updates and Mainnet LaunchBINANCE:BTTUSDT
Today we will see #BTTC Mainnet Launch
#BTT Redenomination Plan will redenominate old #BTT and swap with the new at 1:1000 ratio.
This is possible move by this news for BTT retest middle line downtrend channel, and going inside upside trend channel to the next target 0.38 on global fib since May.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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BITTUSDT BITT TradingViewHello This Is My Technical Analysis For BITT Follow & Like And If You Have Question Comment I Answer Good Days And Good Trades.
#BTT seems goodexpect huge pump on BitTorrent Chain launch news on 31 oct.
Tron ecosystem coin rarely show huge price action in normal time ( TRX , BTT , WIN, SUN, etc), but when pump comes, it's always huge. And I think there's a lot late investor and hodler who bought from the last peak, so we can expect big target.
Technically, we bounced back from lowest Bollinger Band
target TP in chart
SL: 0.0033
Will BitTorrent Regain Strength?BINANCE:BTTUSDT
Comment on what you think.....
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
See you in 2023With how BTT is preforming now I think its safe to assume at this point in time we're gonna see a LOOOOOOOOOOOOOOONG consolidation phase stretching to as long as 2-3 years until the next halving bullrun... Lets hope you weren't like me and bought the top hoping for that one god wick that never came... So if you wanted to start collecting those sweet BTT coins, now is the time to do so... Gonna be a while until this coin moons again... I could be wrong, I hope im wrong but!!!
GL!!
BitTorrent Up Scheme BTTIf a reversal back upwards in the market occurs
BTT is a good candidate for an altcoin buy
It just makes sense
However if a reversal doesn't come to be, this post will be redundant
Aim for sell at .1 if we go there
BTT ( bittorrent ) test zone1 and test zone2 BUY - WEB_3.0I"ll only buy and hold.
🎯 BTT ( bittorrent )
🎯Buy1= 0.006000$
🎯Buy2= 0.003250$
stop= 3%-5%
FUNDAMENTAL:
Why Web 3.0 Tokens Might Be the Next Hot Trade in Cryptocurrencies
Digital assets like livepeer, helium and bittorent have soared in value this year despite the recent slump in cryptocurrencies.
By Omkar Godbole
Aug 5, 2021 at 12:41 a.m.
Updated Aug 24, 2021 at 10:01 p.m.
With bitcoin ( BTC , 2.52%) prices stuck in a months-long holding pattern, some cryptocurrency traders are speculating on what might be the next hot market bet: digital assets associated with visions of a decentralized Internet, referred to colloquially as Web 3.0 tokens.
Data tracked by Messari and published by Arca Chief Investment Officer Jeff Dorman shows the cryptocurrency sub-sector of "Web 3.0 tokens" gained 22% in the week ended Aug. 1, outshining bitcoin and every other sub-sector, including non-fungible tokens (NFTs). Bitcoin , the largest cryptocurrency by market value, rallied 10%.
On a year-to-date basis, tokens associated with decentralized Internet applications have seen an average 244% rise, trailing the NFT sub-sector's 2,726% gain but beating bitcoin's 37% appreciation.
Crypto performance
Some of the most prominent Web 3.0 coins, such as livepeer (🎯LPT), helium (🎯HNT), and bittorrent (🎯BTT, -2.23%) ( BTT ), are up at least 800% this year, despite a slump in cryptocurrency markets since April, according to Messari.
"Seeing the Web 3.0 ecosystem grow exponentially since the beginning of the year and keep the majority of their gains after the capitulation even in May is very positive for the crypto market," Nick Mancini, a research analyst for Trade The Chain, told CoinDesk. "Higher prices are directly linked to increased demand and expansion of services in each layer, and because of this, the ecosystem is able to continue its growth."
Web 3.0 refers to a paradigm shift for the Internet run by network participants worldwide and defined by a set of open, trust-minimized and decentralized networks and protocols offering services such as computing, storage, bandwidth, finance and identity.
For instance, the Ethereum-based Livepeer protocol offers a marketplace for video infrastructure providers and streaming applications, while Filecoin and The Graph provide decentralized file storage and data management networks. Helium uses blockchains and tokens to incentivize consumers and small businesses to provide and validate wireless coverage and transfer device data over the network.
Messari's tracker shows the Web 3.0 tokens sub-sector, which includes over 40 coins, has a total market valuation of $25 billion, excluding oracle provider Chainlink. (The oracle provider is widely associated with decentralized finance and has a market cap of $10 billion).
However, just considering prominent projects like The Graph, Filecoin, Helium and Livepeer, the market capitalization of Web 3.0 tokens tallies less than $15 billion. That's just 2% of bitcoin's total market capitalization of $735 billion. But it's similar to the size of the decentralized finance (DeFi) space a year ago. Messari data shows the DeFi subsector now includes 137 assets and is worth over $50 billion.
Awaiting Mainstream Attention
While the Web 3.0 tokens have outperformed bitcoin and other major coins by a big margin this year, the sector is yet to witness the euphoria or mainstream attention that Bitcoin , Ethereum , DeFi, NFT, and even Ethereum layer 2 projects have received since October 2020.
That’s probably because the underlying technology is relatively complex.
“Web 3 is not quite as easy as DeFi is to understand, and it's probably 12 months behind DeFi in terms of mainstream awareness,” Kyle Samani, co-founder and managing partner at Multicoin Capital, said. “We expect this to change as consumer-facing applications based on NFTs, social tokens and creator monetization grow over the next 12 months such as Audius, Mirror, and many others.”
The DeFi boom began a year ago and has remained intact to date. That sector's market cap has grown from roughly $5 billion in early 2020 to over $50 billion at press time.
Samani is confident that Web 3.0 tokens will play catch up as DeFi sometimes gets a bad rep; however, there is no negativity associated yet with the idea of a decentralized internet. Recently, Commodity Futures Trading Commission (CFTC) Commissioner Dan Berkovitz said that DeFi derivatives might be illegal in the U.S.
"No one really says that The Graph, an indexing protocol for querying networks like Ethereum and Solana and IPFS, is bad, whereas a lot of people in the existing financial system say that DeFi is bad,” Samani said. "So as the awareness of Web 3 grows, it's hard to see anything but general support and enthusiasm."
Institutions Chip In
While mainstream adoption is still at least a year away, deep-pocketed investors are pouring money into Web 3.0 tokens. Multicoin Capital is invested in The Graph, Helium, and Livepeer, according to the official website.
Grayscale, the world's largest digital assets manager and preferred venue for institutional investors to gain exposure to digital assets, launched a livepeer trust in March. Rayhaneh Sharif-Askary, director of investor relations at Grayscale Investments, told CoinDesk last month that investors are diversifying into Web 3.0 tokens.
"It's diversification within the asset class, whether investors want exposure to bitcoin as a store of value, Ethereum for smart contracts," Sharif-Askary said.
"And then the other applications beyond that are building upon those networks, and solving other real-world problems," she said, adding that Grayscale's Livepeer trust is structurally identical to the landmark Grayscale Bitcoin Trust ( GBTC ) (Grayscale is a unit of Digital Currency Group, an investment holding company that is also the parent of CoinDesk.)
Livepeer's LPT token is up 1,050% this year. The protocol's weekly revenue surged 10-fold to over $10,000 in the February-to-June period, according to data provided by Web3Index.
Doug Petkanics, CEO and co-founder at Livepeer, told CoinDesk that online streaming is a $70 billion market and accounts for 80% of the Internet traffic today. Further, the market is set to grow from $70 billion to $250 billion in the next five years, according to analysts' projections, Petkanics said. The prospects for The Graph, and Ocean Protocol are also looking bright , as Messari’s second quarter review said.
Aside from the strong use case, many of these Web 3.0 tokens offer attractive yields via Staked, a platform that allows investors to earn yield from staking and DeFi without taking custody of their crypto assets.
For instance, Helium's HNT token currently offers an annualized 8.7% nominal yield, while The Graph's the graph ( GRT , 0.40%) offers a 15% yield and LPT offers 30% returns. The high returns led to positive sentiment for these tokens, as reflected in the below sentiment chart.
"Traders have been feeling bullish in regard to them, which fuels a network effect," Mancini said. "Traders profit and stake, and, in turn, tell others about the outsized opportunity."
The Graph sentiment chart
Crypto Market Is Much More Than Bitcoin
The days of investors considering crypto markets synonymous with bitcoin are passé. While bitcoin remains the top cryptocurrency by market value, the recent underperformance relative to other coins suggests investors are diving deeper into digital-asset markets to find investments with faster growth potential.
"One-week data may not mean much, but if we look over three months, six months, and 12 months, there's a clear shift away from bitcoin into other sub-sectors, Web 3.0 being one of them," Arca’s Jeff Dorman said in a Telegram call.
Per Arca's research note published earlier this week, bitcoin has had "both poor up-capture and poor down-capture" this year. In plain English, bitcoin struggled to outperform other major coins during the market-wide downturn observed after mid-April but also underwhelmed as the market recovered in the past couple of weeks.
According to Dorman, the data shows that some new investors are bypassing bitcoin and ethereum (ETH, 0.50%) and going directly into other industry sub-sectors. Historically, investors have used the top two coins as gateways.
Similar patterns BTTUSD Large version of this pattern resulted in a bullish breakout
The smaller version of the pattern is in the beginning stage of a bull breakout
BTT is bullish
BTT ( bitTorrent )
Beautifully reached the first goal and is going to the second goal
Technically it is not a painting, learn it and use it.
45% profit in four days
Projects led by Justin Sun are great and promising projects
BTT ( bitTorrent )The 72-day resistance line is broken, the goals are clear in the chart.
Buying in a possible (very short-term) market collapse is very sweet
Trading Signal For BitTorrentTrading Signal:
A Trading Signal is seen in the BTTUSDT BitTorrent
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.00243
⭕️SL @ 0.0023
🔵TP1 @ 0.00266
🔵TP2 @ 0.00296
🔵TP3 @ 0.00327
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$BTT: What do you think?BTT has been stuck for some time. I've been watching it since march and now this is my opinion.
Bittorrent Chart - Breakout trendlineBittorrent Chart - Breakout trendline
So as you can see there is a big breakout trendline, as soon as it breaks the trendline with good volume we'll fly high.
First target point around 0.01 - 42,3% increase
Normally i won't cover these type of Altcoins, but we can always put in a little money and trade the breakout.
If you take this trade make sure the breakout gets confirmed!
Not financial advise, just an idea do as you please.