BTTUSD trade ideas
BITTORRENT|BTT/USD| PRICE ACTION ANALYSIS| PRICE WILL GROW 🚀Welcome back Traders, Investors, and Community!
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BTTUSD Analysis.Here we have the BTTUSD pair.
With great sentiment and previous high moves, BTT has good fundamental reasons to buy.
Next we can look directly into our Technical aspects.
Again, we see a coming together of several key MA's.
We are also touching very reliable support.
We will see a push up higher and some rejection from the previous highs, but ultimately looking to push up to the .5 .6 .7 levels.
This takes time but will come with great moves..
BTT Forecast Daily Timeframe Today lets álso take alook at BitTorrent, 1st Q of 2021 BTT broke out of its ATL of 0.00043128 to set a new ATH of 0.01311994 in April 2021, now BBT formed a triangle and it created LHs within the trendline and its looking to break out of the wedge as a bullish signal.
what do you the think ?
L.M
BTT Will Post 100%+ Gains by End of November Bullish divergence on daily chart currently with RSI making higher lows but Price action making lower highs-This indicates a breakout is imminent. RSI resistance stemming from previous ATH is currently at .005. A break through that would confirm a bullish uptrend.
BTTUSD PRICE PREDICTIONTA:
- BTT can hit 10x from its current price towards January 2022. Market Cap: 24 billion dollar. Only up 2.5x from its ATH.
- Feb 2022 drop would scare crap out of people
- July 2022 would see another 10x from its ATH: $0.17 put Market Cap of BTT 100 billion dollars. I would say it's unlikely.
Best case $0.17.
Worst case $0.046 (except Blackswan).
FA:
- BTT at least has some used case in the sea of crypto market full of promises.
- The real use of crypto will be standing the test of time.
I don't know much about this.
Please share your knowledge about it. I am happy to know more.
Don't take mine for your investment advice.
Anything can happen.
Hope you guys get rich lol.
BitTorrent IdeaAn Idea for BTTUSD and BTTBTC
Assuming this is a triangle formation and not just a double top
A bull breakout upwards will occur (indicated by arrow)
BTTBTC has reached a level that has previously been a support point twice in the past
Lets see if it hodls again for the third time
I am long BTT
Support with MA 50 ( BTT 1D )(( please read the description ))
The BTT coin was able to be above the MA 50 line (blue line) today, if a few candles with good trading volume are made above the MA, we can hope to test the resistance again.
If the resistance fails, the target is $ 0.006.
tip :
MACD indicates the beginning of an uptrend in trading
The trading is above the MA 50 (blue line), one should hope for an uptrend and test the resistance Zone .
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* The responsibility for buying and selling lies solely with you *
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BTT - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BTT is approaching a support area so we will be looking for buy setups on lower timeframes.
on H4: BTT is forming a wedge pattern in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BTT would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich