BTTUSDT Analysis | (P2P) file sharing torrent platform on TRON**BTTUSDT Analysis**
The price is currently testing the **0.382 Fibonacci retracement level**, which may act as a potential support. Below this, the **200-day MA** (red line) serves as a critical secondary support level.
- **PSAR**: Turned red, indicating a shift to bearish momentum.
- **RSI**: At ~44, reflecting weakening momentum, but not yet oversold.
- **MACD**: Bearish crossover, confirming downward pressure.
If the **0.382 Fib level** holds, a rebound is possible; however, a break below this level could lead to a test of the **200-day MA**. Keep an eye on these levels for the next move. Stay cautious!
BTT
BitTorrent (BTT)BTT is a token for the famous BitTorrent peer-to-peer (P2P) file-sharing and torrent platform. After being purchased by Tron organization and relaunching the new BTT on the TRC-20 network, price dropped drastically. Anyway, it seems BTT has been correcting in a downward triangle-shaped pattern. Have to wait and see if price can break this pattern upward.
P.S. Be careful trading BTT as its price has dropped sharply in the past.
BitTorrent - Tron's AlphaBitTorrent is an old coin on the Tron's Network TRX.
I think the Tron's Network run didn't end for good and shall return in multiple tokens in this chain.
BTT or BTTC shall have a mega run that should pass above $0.00000250 in my opinion.
But first, I think a last dip around $0.00000050 : $0.00000060 shall occur first.
A soft cancellation of this idea is passing $0.00000097 without dropping first to the expected area above. Passing $0.00000220 is a final cancellation of this idea.
BTTCUSDTBTTC is in the bottom of the range of a upwards channel and has been consolidating for the last 2 years from it's all time high in 2022. Bullish sentiment on TRX will surely have a positive impact on the BTTC price aswell. I am expecting BTTC to breakout to the top of the range pushing into price discovery. The RSI is also about to brake out from the bottom of the range on a 1-day chart
BTTC/USDT Secondary trend. Wedge.Logarithm. Time frame 3 days. Locally, a descending wedge is forming, almost in its final phase. Note that the trading volume is minimal, and is decreasing.
🟢If there will be its breakout — the local potential is shown. That is fractal repetition of the movement as before.
🔴Breakthrough down to the lower zone of the channel — to begin with the rebound of the right shoulder of the big head and shoulders, to the meridian of the channel, and there it will be seen...
Linear, for greater clarity, without market noise.
Local. Time frame 1 day.
BTT can 200x in the next bull market. Time to buy?BTT (BitTorrent is one of the biggest torrent clients in the world. Fundamentals are strong, and technicals are as well. We have the biggest candle in history; this is a serious business. I am expecting at least 100x - 200x in the next bull market. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
BitTorrent’s original goal was to disrupt the legacy entertainment industry and how consumers obtain content.
Expensive and inefficient distribution networks were the main target, with original developer Bram Cohen seeing benefits in allowing internet users to distribute content among themselves directly.
In the early 2000s, BitTorrent became the go-to P2P file sharing platform, with TRON stepping in 2018.
Under TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as to its own user base.
Among the added features are BitTorrent Speed, which uses the BTT token as part of its operations.
BitTorrent has also branched out into paid services, offering several “premium” versions of its platform which include VPN capabilities and ad-free browsing. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
A risky entryIn this analysis, we examined the important ranges of support and resistance in daily and hourly time.
Also, there is a possibility of forming a corner pattern in this currency, but no confirmation has been given yet.
A risky long position has been identified in this analysis, which risk-loving friends can enter.
Despite Macro Bearish Conditions TRX Remains Set for New HighsThis is a follow-up to this trade below:
TRX has been holding up here in this zone despite the bearish price action on the macro, has recently started to press up against the resistance zone above, and has also once again defended its bullish trend line. If this price action continues, we could very soon see TRX jump up to the upper end of the range at around 18 cents before pausing for a bit. The overall target for the wave structure, as can be seen in the original post, is 42 cents at a 1.618 extension, but this lower 18 cent target is for more midterm trades entering off the bullish trend line right now.
✴️ BiTorrent | 66.66% & 204% First... (Name Your Altcoin #23 ✅)It has been years since we looked at BitTorrent, BTTUSDT, a cryptocurrency that we got to trade as soon as it was launched and boy, we had a wild ride, up and down, down, down and down...
Right now it is looking up.
I have great news for you if you are a BitTorrent fan, trader or holder, all the signals are good for a bullish breakout to take place.
Let's review them together, shall we?
First is the mid-June 2022 low, this is the "bottom".
The drop that happened in November to recover in January, marked here with a yellow "cup" like pattern is just the liquidity hunt event, the stop-loss activation move, the final shakeout.
As BTTUSDT moves back above the June 2022 low, technically you could count the whole period as the accumulation phase.
Even if you ignore all of this the last shakeout is a strong bullish signal.
If prices stay below the June 2022 low, it would be strongly bearish and definitely lead to lower prices, now that we are back above the picture changes completely.
Last week a Doji appeared, red, with really high bearish volume, yet this week we are green. Translation, all selling pressure was absorbed by the bulls.
Trading volume has been going up massively lately, this can also be seen clearly on the chart.
I was going to go a bit deeper but this is enough.
The entire cryptocurrency market is interrelated, connected and we know this to be true just by looking at past history.
Hundreds of pairs/charts that I shared recently have the exact same pattern but already above EMA10, EMA21, EMA50, etc.
As the market is connected, BTTUSDT will follow and do the same.
We are set to grow and this is good... 66.66% is the first main target and over 200% mid-term.
There will be more of course, but we start shy and conservative and expand as the market grows.
I hope you enjoyed the analysis.
I appreciate your support.
Namaste.
BTT/USDTThis BitTorrent coin is crazy, isn't it?
My entry (green) was insane itself xD, but what can I lose? A few dollars, it's worth the fun!
Today will be defeated $0.01!
Target $0.1 minimum :D !!!
Pure gambling..
BTT forecast !I don't want to exaggerate about BTT, but if we put aside the fundamentals of this currency and only focus on the technical, we can see in the monthly time of this currency that its first resistance during the current fall will be approximately equal to 0.00042842 and it may break the square resistance range and It will reach 0.00021795, but after that it will grow up to the price of 0.00611891, which is the first resistance based on Kijun. Please note that the corrections have not been calculated.
good luck
BTTOLD - Breakout FormationBTTOLD has formed a nice bullflag structure
This is a breakout above the dominant downtrend in orange
Very similar to a prior bullflag that can be seen in green circle
Great long opportunity
BTTOLDUSD - Repost Giant bullflag above previous price lows and support points
Big opportunity, daily timeframe. Linking another analysis of the same chart below.