BTT Chain officially Launching 30 October !Chart looks very promising for me , And BTT is gonna launch btt chain 30th of october ,
I dare to take a gamble on this coin
purple lines are support and resistance.
he has accumulated for so long and still nothing has happened, hopefully now we see big gains.
I hodl until the end of December anyway, Invest at your own risk!
this is just an idea
let me know what you think.
Bttcusd
BTCUSD ShortAs we can see Bitcoin has surpassed the $40,000 price mark for the first time since May 12th, Fear that the currency is overbought is alarming investors.
This analysis is based solely on technical and fundamental analysis .
The Central Bank of Ireland Governor ( Gabriel Makhlouf ) believes cryptocurrencies could negatively impact the European financial stability. He also stated that the Eurozone is very close to launching its own CBDC ( Central Bank Digital Currencies)
Makhlouf could not specify an exact timeline for the rollout, but he claimed it has all chances to appear soon. He assured that cash would not vanish but would work side-by-side with the e-euro.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) / (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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BitTorrent breakout buyWould love BTT to breakout around this area
Included a flag pattern and a few others
I am long this cryptocurrency
BTTUSDT PREDICTIONAfter making a big move upward, there's a downward movement. That's what we call the market, there are people who sell their stuff, and there are people who buy their stuff. As we can see that after making a downward movement toward our strong support line, it bounced back. And with that, we got three good things. First, we got a double bottom from Ichimoku cloud, the purple box. The second one is that we got quadruple bottom. The third one is that the cloud of Ichimoku cloud is getting thinner. This means, BTTUSDT can break the cloud easier than before and a thinner cloud means, that we are close to a reversal movement. In conclusion, BTTUSDT is still a good coin to buy. Before it flies high. Because it's already the fourth time it touched the support line. Go BTT! It will go higher, cause it's easy to break the thin Ichimoku cloud and Ichimoku has made a double bottom.
BTTUSDT HAS ENTERED BULLISH HOORAYas you can see from the points, in the image, BTT has entered the best time to fly. Triple bottom, go down to support level made by Ichimoku, reaching MA 100 and bounced back. Good chart pattern. It's time for BTT to fly. I won't make a ridiculous target. Just target the ATH of BTT. Let's hope there's a lot of positive news with BTT. GO BTT BULLISH!
BTT is one of best alts from our golden list. x8 in month! 🚀🚀At the beginning we want to congratulate everyone who is playing with our long-term strategy and made with as x8 in BTT in last month! 🚀
This is the reason why we are holding these coins for long-term until late bullrun and we don`t selling them after 100% or 200%. Every coin from our list can give you huge profit like dogecoin, chz or btt . These coin will go to the moon one by one .
What we are doing now?
We are still holding our huge package of BTT .
Is it still good time to buy?
We believe that BTT will go higher, however if you are not our subscriber and you didn`t bought BTT earlier with us, I advise you to focus on coins from our list which didn`t made x8 in last month. Sooner or later price will decide for correction after so big moves.
If you are BTT hodler you can stake your BTT using dlive. Usually we don`t recommand to stake anything on external platform, but dlive has same owners as BTT so both these project are in same hands.
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
Elliot Waves Complete Guide | Chapter 3.1 - "Corrective Waves"Hello Traders. Welcome to Chapter 3, where we talk about corrective waves. In chapter 3.1, we will be discussing Zig-Zag waves. The zig zag wave is one of the common of patterns in corrective Elliot Waves. Many of us see this on a daily basis, but did you know that there was a meaning behind all of the fluctuations in the price action?
Chapter 3 Glossary:
3.1 Zig-Zag Waves
3.2 Flat Correction, Expanded Flat
3.3 Running Flat, Contracting Flat
3.4 Barrier Triangle, Expanded Triangle
3.5 Double-Three
3.6 Triple-Three
-----
We have to understand that markets also move against the trend of one greater degree only with struggle due to intraday traders. This is why Elliot Waves is another technique to organize the chaos within the market, as two forces are pulling in each direction regardless of how we want it to move. Let's talk about the MAIN important note for correction waves - they never have five waves. If they do, they are only a motive part of the overall corrective pattern. It's that simple. Corrections can be classified into two different classes of styles. There are the sharp corrections, which move sharply against the major trend. Their angle is rather steep. On the other hand are sideways corrections, they don’t retrace much in price, but can take a long time to finish.
Apart from the two styles are in general three correction pattern:
• Zig-Zag (5-3-5)
• Flat (3-3-5) (regular, expanded, running)
• Triangle (3-3-3-3-3) (contracting, barrier, expanding and running)
Combination of these pattern form either a double three or triple three correction. These prolonged corrections are separated by a wave X. All of these will be discussed in the following chapters.
Zig-Zag Patterns
A single Zig-Zag is a simple three-waved corrective movement which is labelled as an ABC wave. It’s structure is 5-3-5, and the top of wave B is noticeably lower than the start of wave A as shown above. There are rules to this. If you are still not sure of what we are talking about, you need to go back and review chapter 2.
Rules:
• Wave A has to be a motive or diagonal
• Wave B can only be a corrective pattern
• Wave B has to be shorter than Wave A
• Wave C has to be an impulse or ending diagonal along the way
This is the most common corrective pattern in Elliott Wave Theory and is usually a sharp correction within a descending wedge structure. For those not able to see it from an Elliot wave perspective, most traders can identify this pattern as a pennant continuation pattern. But the chaotic movements inside can be organized via Elliot Waves.
The length of wave C is between 100%-161.8% of wave A.
Zig-Zag corrections appear most of the time as a wave 2 only, but are also very common as a connective wave in more complex corrections like a double as shown above! Occasionally Zig-Zag corrections will occur in two, sometimes even three times in a row. This happens usually when the first Zig-Zag does not correct far enough from a price action perspective.
❗If a double Zig-Zag occurs, the single ZigZags are separated by a three-waved reactionary move, which is labelled as Wave X and is always corrective on the way down.
Note: Zig-Zag corrections often fit into a parallel channel! It is drawn between the highs of wave A & B to determine the end of wave C.
Thank you!
Trade Safe.
BTTUSD post covid ascending channel still in tact!BTTUSD still staying within its ascending channel since the COVID drop- kind of going under the radar relative to other coins but this thing has some pop left in it * I think *
If I had to guess- we have a short term neutral/bearish drop and then chase back up to the top of the channel-
Let me know what you all think!!!
BTT/USDT (Bearish drop below the channel box)BTT/USDT
-broke bearish below the sideways channel box
-found temporary support at the previous resistance area
-if this area of consolidation will hold
-we could expect a potential retest of the lower box
-technically, the 4H uptrend is now bearish.
BitTorrent - $BTT - Decentralized file-sharingSeems that nobody talks about $BTT anymore.
Personally, I would favor one new low before buying this. But you never know... I bought a small entry position and I will average down if we make new lows.
#BTTBNB #BTTBTC
BTT/USDT TA Update (Sideways Action?)BTT/USDT
BTT went on a waterfall during the Bitcoin dump recently. The overall trend is Bearish as it keeps making Lower Highs and Lower Lows.
Price is trading below 50 MA and 100 Day MA, it makes sense the Bears are in control of this market.
The drop made last Nov 25 finished the candle with a hammer, It may signal weakness in the bears' side temporarily.
I expect the price to respect these two downward trend-lines of resistance until the 1st of Jan 2020.
Sideways actions are more likely to happen inside this pattern for now.
BTC shorting update -short term before a bounce reversalMy earlier targets have been reached as shorting groups expected a 7950 range yet the bulls ran out of steam before this limit was reached. The 55 ema was wicked into 9X, and on the 9th was the final straw to tester lower lows. We broke out of the neck line on the IHS, with a classic pump to the upside and now starting a reversal pattern. This could go on until mid Sunday with Asia coming on board, which has shown to typically shorting majority.
In the most recent chart I have created price action showing the resistance areas are some mid term areas to look for. We need to close up the weekly above 7900 to avoid a open and close issue below, which if we close below 7900, will signal a more bearish outlook on the weekly. That being said, even if we close above 7900 its an entire week to short it before there is any further upside.
LOW VOL = and price action while descending typically means we will see a reversal short squeeze at some point.
I may leverage short term long in around 7350 and trade up to the 55ema on the 4 hour. However need further confirmation to the downside (dark side) before entering this position.
Good luck!