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.
BTTUSDT
BTTUSDT hitting the support of channel | A good long opportunitySince 25 Nov the price action of BitTorrent / US Dollar is moving within an up channel.
Now the priceline is hitting the support of channel.
The priceline is also getting bounced from 50 simple moving average.
The channel support and 50 SMA can be used as stop loss in case of complete candle stick closes below these supports.
Regards,
Atif Akbar (moon333)
LONG - BTT - Trading IdeaLooking like a breakout is near, after 140 days in downtreand, really feels like the bottom. big volume coming just like the last time it pumped 200%. Really good r/r.
Entry: 0.0004219
TP 1: 0.0004817
TP 2: 0.0006131
TP 3: 0.0008000
SL: 0.0004009
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BTTUSDT Chart AnalysisWe can expect to fall to 0.0004201. We can also have to wait for it to fall to 0.0004002. Then we have to wait for the signal from indicators to buy upwards from 0.0004201.
Expected to rise to 0.0005079.
Bittorent BTT to 0.0259$ - GET READY, THE TRAIN IS LEAVING SOON!Daily W for Bittorent and MACD on the Weekly is about to turn bullish.
Weekly Stoch RSI also starting to move from the bottom. Voxtex Indicator is green on the daily chart.
Might breakout from that massive falling wedge before christmas. Easy target for Wave 3 are usually between 161.8% and 361.8%.
This wave 2 retracement has been pretty strong which mean we should not expect a huge retracement on cycle Wave 4.
Daily VWMA is positive and now support on Daily and Weekly. MA 300 is also support on the 4 hours chart.
On the 4 hours all major EMA and MA are support.
Give me some feedback on your position. Cheers !
BTT TO RUN TO NEW ATH!!!Here we have BTT with what has been a brutal retrace following a nice run-up. The similarities between the two cycles cannot be ignored. Similar to the last cycle, we have bullish divergence on the RSI, a decreasing price making a lower low while the RSI posts higher lowers. A big move is coming, and given how young this coin is, it has the potential to move fast. Tell me what you think, even if you are a scumbag from the dirtiest parts of the internet. Even if you have kissed your sister, I want to know your opinion.
BTT/USDT (200% Profit Target)BTT/USDT
BTT broke the down-line resistance and made a higher high
for the first time during this downtrend.
we manage to find support from the Feb release date of this coin.
Now, to continue the uptrend we must not break the lower low
but make new higher low and break another higher high.
Bullish RSI and Volume are starting to increase.
Our target is up to 0.618 Fib resistance or over 200% profit.
Trade setup
Buy area: 0.0004344-0.0003953
Sell target: 0.0006 - 0.0012
Stop loss: 0.0003530
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BitTorrent vs Tether (Lacking Momentum But Reaching Bottom)BitTorrent (BTTUSDT) hit a new low recently and moved above EMA10 just to quickly fall back down.
Right now the chart is lacking action/momentum, with BTTUSDT potentially going lower... But at current levels, a bounce is also possible since there is bullish divergence building up with the MACD and RSI.
The blue arrow shows the sideways-bullish scenario.
There are no breakout signals and volume is going lower... More time is needed for the next move. I shall keep you updated.
Thanks a lot for reading.
This is not financial advice.
Namaste.
Long term playSideways, all the way :smirk: but over the long time, this can turn into a gem. Guess, as a zoomer, I need to learn to be patient...