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
Bttcusd
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.
BitTorrent PUMPit's a tragedy when you miss a pump like this.
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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
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Bitcoin (BTC) slipped below $16,000 to start the week, as volatility in cryptocurrency markets continued to rise.
Following a high of $16,590.42 on Sunday, BTC/USD dropped to an intraday low of $15,943.14 earlier today.
The move pushed the world’s largest cryptocurrency to its lowest point since November 14, when prices fell below a key support point of $16,200.
Looking at the chart, BTC continued to trade below this point of support in today’s session, with the 14-day relative strength index (RSI) also hovering near a floor of its own.
The index is currently tracking at the 32.79 level, which is marginally below a key support point of 33.00.
Should this decline continue, we will likely see bitcoin bears attempt to take the token toward a lower floor of $15,600.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Bitcoin: Still Not A Long?Higher low now established off of the 20K area. Usually higher lows often lead to higher highs and many fake gurus will be screaming for your attention to let you know the bottom is now in. While it may be emotionally appealing (like pizza), there are a number of factors that must be considered before arriving at such a conclusion. Here's the objective point of view:
The recent bullish structure off of the 18,500 low contains 3 legs. Typically 3 legged structures are corrective, and in this case, price is correcting a predominantly bearish trend. While higher lows may be the beginning of a trend change, Bitcoin has yet to prove that a new trend has begun. It does NOT matter what temporary catalysts led to this reaction.
The broader price structure (going back a year) is STILL BEARISH. Not one major RESISTANCE level has been compromised. The first one is the area between 22 to 25K. IF price fails here over the next week or so, a test of low (18K) is within reason. Structure continues to favor a bearish outcome. Don't be misled by irrational price movements.
The U.S. Dollar is NOT in a bearish trend, YET. A retrace inside of a consolidation within a broader bullish trend is NOT a trend reversal. The bond market continues to support a strong Dollar. Have you seen the recent FED action? Rising rates are still part of their agenda. This translates into an environment that does NOT Support speculative assets like Bitcoin. Rallies are likely to be TEMPORARY until cheap money flows back in.
These are the broader factors that I consider and they are based on the facts presented by technical and economic variables. While anything is possible and a positive change can come along and prove itself, the probabilities cannot be ignored. Eventually the cycle will change, but NO ONE KNOWS when, even if they claim to know. For this reason it is more effective to FOCUS ON RISK, not fear of missing out.
I recently shared another Bitcoin short idea from 20,250. It has not stopped out yet, but an early exit for a smaller loss is likely. Profit comes from effective control of losses, NOT "maximizing" your win. Do yourself a favor and learn to separate yourself from conventional wisdom and retail behavior.
Thank you for considering my analysis and perspective. I hope you find it helpful.
BITORRENT PROCESSING FOR HUGE BREAKOUT - DAY 16/0Hello trading friends,
This is a daily update for BTT, with the last trends.
The expecting chart did start here
We are now on day 16 - it means for possible huge breakout it need happend into coming days depending on the before expecting.
Next important trend is that BTT should hit at last the 0,0025 trend, what will make the cycle trend going further.
Data
BTTC did increase into low time frame, but this also depending on the healty trend of BTC - and with time the expecting target could go step by step until the goal of 0,004 - what means a 100% increase trend coming time.
# know that this are an expecting trend depending on trends and data, make sure that your manage your risk well.
Have a great day.
BITORRENT - LONG TARGET - WHALE TREND INCREASEHello trading friends,
This is an update for BTT with possible coming time whale entry to the target as the chart shows.
At know same time it can take some time before any increase happens, this coin is not a coin that moves fast. but unexpected whale entries are always possible.
Depending on the day update we did choose this token - it already 7% increased, and it looks if the trend going further for more
It's a swing trade, which means that we cant expect always a fast increase.
Same time make sure you manage the risk - and trading depending on your plan.
Know its long-term target - what means not need to happen into short term.
Have a great weekend!
If you like the content, give it a like, and follow for more updates - thank you
Bitcoin: Following The S&P 500 ?Bitcoin broke the 40 to 38K support over the previous week which confirms the bearish momentum is still intact. 28 to 30K is the next major support level. Unless it is long term inventory, buying into supports in this situation high risk since they are likely to break until price proves otherwise. Is it a coincidence that Bitcoin sold off at the same time as the S&P?
The long term trend for Bitcoin is still bullish, and 30K would be an ideal area for the current bearish structure to possibly consolidate and reverse. Until price action can provide such evidence, it is reasonable to anticipate bearish momentum to continue (resistances should hold / supports should break). I do not short Bitcoin, but for those who are open to such risk, the 38 to 40K area is now the new resistance. IF price can retest this area and produce a sell signal, that would be an ideal setup for a swing trade short. This scenario can take a week to unfold.
As far as inventory (dollar cost averaging), 30 to 35K is a very attractive area to add, BUT as I explained in a previous article, strategic sizing is of utmost importance. Getting too big too fast will ruin your account. Buying inventory relies less on the chart analysis and more on your purchasing schedule and size. For example, if you made your January purchase, then you do nothing until your next purchase date next month. You follow the schedule. If you are extremely aggressive and can't resist such low prices, then at least take a smaller bite instead of your usual size. I would normally say "skew larger near lows" but since you should have made a "skewed larger" purchase this month, you don't want to compound it. Ask yourself how you would feel if Bitcoin goes to 20K in the next couple of weeks. While the probability may seem low, ANYTHING is possible. Focus on RISK first.
While many fake gurus and self appointed authorities like to present anecdotal evidence in a way that seems plausible (and usually incites hope, remember seasonality 70% chance BTC goes to 85K???) I would like to share an observation that may offer further incite into the Bitcoin sell off. Since the institutional involvement beginning in 2018, from what I understand, many companies made it a point to include Bitcoin on their balance sheets. I recall people saying things like "if all these big companies invest just 1% of their capital into BTC, it will easily go to 100 or 200K or more." I recall all of this hopeful herd mentality talk when Bitcoin was pushing through the 50Ks. IF many larger companies (S&P 500 members) were investing in Bitcoin, then it may be why we are seeing a strong correlation. I don't think this was part of the Bitcoin plan. I have no way to prove this, all I can see is the prices behaving in a similar way, certainly worth researching further. If this is true, then Bitcoin is just another version of the S&P and the S&P is NOT going higher any time soon (the rising rate environment that I have been talking about for MONTHS. Listen to prices NOT PEOPLE!).
Either way, fundamentals aside, over the short term the key is to constantly evaluate the short term price structure as it unfolds around mid term and long term trend levels. Until the short term structure changes, I would not be anticipating a sustained rally any time soon (price may be establishing the Wave 4 bottom that I have also been talking about for MONTHS). Resistance should hold, until price proves otherwise.
Than you for considering my analysis and perspective, I hope you find it helpful.
An Optimistic BTTUSD ScenarioUsing this bands indicator, I am able to plot the highs and lows for BTT.
Price can be currently seen to be within a symmetrical triangle, yet to break out
The staggered indicator can be seen within the triangle this is common with triangle structures
BTTUSD Fib Transition BreakoutBreakout as price moves (transitions) through 4.236 fib circle
Just an update on an alt that I think will perform