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Bttusd

BitTorrent: Down, But Not Out...To stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com What Is BitTorrent (BTTUSD)? BitTorrent captured the hearts of many music and movie enthusiasts in the early 2000s when it launched software that facilitated file sharing over a peer-to-peer network. Rather than downloading or uploading files to a single server, users joined a network of computers running a software enabling them to exchange files and data with each other. But in the years since, BitTorrent struggled to monetize its massively popular service. To that end, BitTorrent was acquired by the Tron Foundation, creators of the Tron blockchain, in 2019. The new ownership then introduced a BitTorrent token cryptocurrency, BTT, to help expand its protocol and incentivize the network’s participants. With BTT token, the BitTorrent team hopes to add incentives to torrenting and solve issues such as slow download speed and the diminishing availability of files over time. As such, BTT coin is bought and spent by those who request files or wish to increase their download speed, while providers have to receive and sell BTT in order to be compensated for sharing the files on their systems. BTT Statistics: Market Capitalization: $5.4B CryptoAsset Rank: #27 24-Hour Return: +1.75% 7-Day Return: -14% From All-Time High: -43% Technical Setup: After going parabolic in late March and early April, BTT has retraced nearly -43% from its all-time high set on April 5. Despite falling from grace, the technical setup suggests that BTT is not necessarily down for the count. Currently, BTT appears to be forming a bull flag pattern that could lead to a breakout this week. Assuming the BTT breaks to the upside and history repeats, we could see BTT enter back into "price discovery mode." If we use BTT's most recent parabolic move, extrapolate off from the flag's apex, and assume history repeats to an absolute T, we'll get an implied price target of $0.0168; this equates to a +108% gain from current price. Should the flag's support ($0.00755) fail to hold, we could see BTT retrace an incremental -32% down to the next local support level ($0.0056). For now, we'll have to keep a close eye on whether BTT breaks up or breaks down for further confirmation of where BTT is likely to trend next.
BITFINEX:BTTUSD
by phum126
BTTUSDT updated predictionIn this prediction, i predict that BTTUSDT need to break out from the bearish trendline. After breaking the bearish trendline, BTTUSDT will continue to phase 1. After phase 1 finished, BTTUSDT will be exhausted and need to do some retracement first, before continuing it's journey to climb to phase 2. But, that's the happy one. First we need to wait for the break out of BTTUSDT. Hope there's no bad sentiment from BTC&ETH, so that BTTUSDT can follow WIN/USDT footstep and fly until near the peak of BTT/USDT. Of course this is just a prediction made by me. There's a lot of factors that need to be considered. This prediction made by using divergence and chart pattern. It can be seen that there's a lot of indicators that have bullish divergence, in fact there are 9 indicators with bullish divergence. So it can be concluded that BTTUSDT has a high chance to break out from the bearish trendline and start a huge bullish movement. Please don't FOMO if you are late entering the market. That's all from me. Have a fun day. Hope if you have any suggestion or critiques, please comment!
BLong
by dumantri
7
BTTUSD BIG POTENTIAL BUY all the way to 0.01753693Technical Analysis 1. Forming of Large Pennant Pattern 2. Expect the market to fall to Fibonacci 0.618 Level which would complete our Pennant, potential OverSold on RSI and hitting the support structures 3. Fibonacci Level is also sitting on the structure level 4. 3 potential support levels, Horizontal, Trendline and EMA (creating area of confluence) 5. Our Take Profit is sitting on the Flagpole Take Profit length, as well as Fibonacci Expansion Safe, Take Profit Zone at Level 1 To MAXIMIZE your profits it's best to buy at 0.00577231 all the way to 0.01753693 (You can consider buying slightly earlier and hold, then stack additional trades at 0.005777231 if you do not want to miss this huge incoming climb)
BITFINEX:BTTUSDLong
by traderprosignals
BTT (BitTorrent) Token Analysis 09/04/2021as we had analyzed this Token and Bought is for our Portfolios now we are updating the new Targets for better capitalization Fundamentals: BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralized in recent years. Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018. Since its acquisition, BitTorrent has added various new tools, with a dedicated native cryptocurrency token, BTT, released in February 2019. BTT was launched on TRON’s own blockchain, using its TRC-10 standard. According to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world. 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. BitTorrent says that it employs “the highest level of security measures” in order to secure user funds, but advises that cryptocurrency involves inherent risk. The company recommends that users protect themselves against theft, in the form of malware or similar programs, by using options such as biometric verification. The original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who himself has since become well known in the cryptocurrency arena. Cohen has explained that he designed BitTorrent to usurp the dated entertainment industry, which made obtaining material slow and expensive. The platform has seen multiple legal battles, with Cohen maintaining that it does not break copyright laws in allowing users to share files such as music and movies among themselves. In 2018, TRON completed its acquisition of BitTorrent, bringing BitTorrent under the control of Justin Sun. Sun is notorious for his plugging of both TRON as a cryptocurrency and its blockchain technology, bidding $4.5 million at a charity auction to have lunch with Warren Buffett (well-known anti-crypto figure) and discuss cryptocurrency with him. TRON is also behind the addition of cryptocurrency to BitTorrent, as the BTT token was released on TRON’s blockchain. The move formed part of TRON’s efforts to add further decentralized features to the platform. BTT is BitTorrent’s native cryptocurrency, issued on TRON’s blockchain as a TRC-10 standard token. The total supply, as stated in its whitepaper, is 990,000,000,000 BTT. 6% of that total was available in a public token sale, 2% in a private token sale and 9% in a seed sale. Another 20.1% are reserved for airdrops, which are set to occur at various points until 2025. The BitTorrent team and umbrella organization, the BitTorrent Foundation, were awarded 19% of the supply. The TRON foundation holds 20%, with 19.9% going to the BitTorrent ecosystem itself. A final 4% of tokens are reserved for partnership activities. BTT plays various roles in BitTorrent’s products, including allowing users to pay others for faster downloads with BitTorrent Speed. The live BitTorrent price today is $0.009506 USD with a 24-hour trading volume of $3,092,184,367 USD. BitTorrent is up 20.03% in the last 24 hours. The current CoinMarketCap ranking is #22, with a live market cap of $6,273,546,751 USD. It has a circulating supply of 659,952,625,000 BTT coins and the max. supply is not available. The top exchanges for trading in BitTorrent are currently Binance, Huobi Global, Upbit, OKEx, and CoinTiger. Technical Analysis: as we can see this token as showed a very powerful impulsive wave followed by some Price Correction and distribution as of now the Golden zone of the Fibonacci retracement has shown a powerful support and we can count on the second impulsive wave as soon as the distribution or consolidation phase gets over and Reaccumulation phase starts there are total of 4 targets defined where as the 3 TP gets its confirmation as the price triggers the 2 Target followed by some consolidation and price correction
BLong
by BitonGroup
15