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BTTBTC

[IMPORTANT] TRON (TRXBTC) & BitTorrent (BTT) Turns Bearish The airdrop for BitTorrent (BTT), TRON's cousin, is coming on the 11th February and a drop might ensue for both TRON (TRXBTC) and BitTorrent (BTTBTC). Both charts are now looking bearish after certain support levels were broken. TRXH19 on BitMEX was looking bullish, due to a huge green candle that only came up there. Looking at the candle, a huge rejection ensued but the chart signals remained bullish due to its massive size. You can see this chart here: But there is more: When you look at it closer, you can see that this is a manipulation trap, the divergence can be spotted, TRXH19 will be moving down. We will trade it SHORT. As for TRXBTC, look at the chart above: We have 3 higher lows and a brek below EMA10. TRX can move as low as EMA50 first or 0.786 of fib. retrace at 620 satoshis. This would be the first stop, it can even go lower. The MACD and RSI are bearish and trending down. In Summary, TRON (TRXBTC) is now bearish. Conditions for change: If the last high can be broken and closen above, 863 satoshis, then this analysis would be invalidated. Make sure to hit LIKE to show your support. Namaste.
Short
by AlanSantana
8
BitTorrent Update (1st Reversal Signal Is In + Price Action)In my last analysis I mentioned that if BTTBTC breaks below 25 satoshis, it would send its price lower, and so it did. BTTBTC continued to retrace reaching down all the way to 21 satoshis or EMA50. As soon as 21 satoshis was hit, we got our first reversal signal, that is the Doji marked blue on the chart. This reversal signal is supported by above-average volume (you can see the volume breakout marked with a red line on the lower part of the chart). The RSI and MACD are starting to curve, but still pretty early for this signal to have any value. BitTorrent Price Action (Where To Next?) I cannot tell you if BTTBTC will go up or down. I can tell you what will happen next based on how it moved in the past or moves in the future... Let's get started! Looking at the chart above, the first resistance that BTTBTC needs to break in order to move up is 25 satoshis, which was our previous support. if BTTBTC can print a strong close (green bullish candle) above this level we can expect additional bullish action. Sideways action can also happen for a few days. If BTTBTC moves down and closes below 21 satoshis, then expect additional bearish action and the 18 satoshis target becomes relevant. So far it seems that 22 satoshis will be holding BTTBTC as immediate support. Up or down will be decided on the coming hours or days... If you have any questions feel free to use the comments section below... I will be more than happy to answer. And make sure to hit LIKE to show your support and for more great analyses. Namaste.
B
by AlanSantana
3
BTTBTC Correction Wave AnalysisBINANCE:BTTBTC BTT is currently in a correction wave. Price movement is tight and looks like to be forming a Elliott triangle wave. Looking for a thrust out of the triangle to the upside to finish wave B. A shallow wave C should follow with support at the 0.00000029-0.00000028 level if we are to see any signs of strong bullish behavior before resuming the previous trend. This will also form the cup and handle pattern. If those levels does not hold, then we will see a deeper wave C looking for support at 0.00000025 and then 0.00000021.
BLong
by crypsndip
BitTorrent Is Getting Ready For Another Round!BitTorrent is a great one for us, as it makes us easy and fast money. We trade to make money, so this is perfect. After hitting 37 satoshis, all of the targets from our first BitTorrent trade idea ( ), the retrace started. Now, I am biased here, as I trading more based on experience rather than chart signals and these analyses are for advanced traders only, as there isn't enough information on the charts to support a trade. And since I don't like nor recommend gambling; we trade at our own risk. With that said, I believe that BTTBTC retrace is complete. Volume is increasing a lot on the last candle. Trading above EMA10 and EMA50 almost right away; traded below only for a few hours. Bear volume was low on the retrace. RSI remains strong. The MACD retraced and is curving up strong. 37 Satoshis is the next target. If BTTBTC can break and close above it, we aim higher. If not, collecting profits is wise. Conditions for change: If BTTBTC moves down and closes below 27 satoshis, turn the warning hat on. If it moves lower and closes below 25 satoshis with strength, you can expect the bullish action to be other and BTTBTC going the bearish way. A new analysis will be needed. These are the conditions for change, for now it is looking bullish and positive, I am riding up the whole wave. Hit LIKE to show your support... Namaste.
BLong
by AlanSantana
9
BitTorrent - Corrective WaveNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Personally I would stay away from this but I've gotten quite a few questions so I will post my own opinion. I don't think the correction is done yet. 50% retrade is at about 25 and 61.8 is about 22. Depending on where the support truly comes to play will tell us how high this can go. In my opinion, there's still one more impulse that needs to happen to complete this. Does it have to happen? No. Can it? Absolutely. I talk a lot about high probability trades. Know when you're wrong. I sometimes take risks and get stopped out but if you come out ahead on the long run that is all that matters. Tight stops for the losers and big wins for the winners. If you're not trading with stops, please go play another more stable market. Go buy some gold or something and throw it in your safe. So, Targets you ask? Assuming we find support I see 31, 37, and 43 as targets. 43 is the wave 5 target but you have to watch the reaction at 31 and 37. This all happened so fast it's hard to tell what will happen on the next wave. Trade safely friends!
BLong
by bitdoctor
2