BTTUSD trade ideas
BTT with Double D'sGood day traders, nice bottoming pattern in this bull flag, with hidden bullish divergence. Lets see if were going to the moon, or maybe visit mars. Let me know what you think below, & please leave a like if you agree on the phump. Not financial advice, just my current view.
BTT Price Bulls Are Resting Before The Next Big RunThe weekly technical chart of Bittorrent showcases a bearish move. BTT price is in a consolidated momentum in the daily time frame. Resistance on the upside for Bittorrent can be seen at $0.01. Meanwhile a bounce back while going down can be seen from $0.005. It is trading above 50 and 100 Moving Average. The 50MA (Red) line is at $0.0053, making it temporary support for the price. The coin has formed an accumulation zone on the daily chart. If the price breaks 10% above the zone then a strong bullish momentum can be seen.
BTT Downtrend This is my first analysis. I've been holding BTT, and looking for some price moves.
From the charts, I did not see any candlestick patterns that would indicate a reversal.
From the MACD - it looks like the momentum continues to be bearish.
From the RSI, still in a downtrend (below 50).
I am going to continue to watch for signs of reversal.
As this is my first analysis, looking for feedback, corrections, and other ideas. I hope I am wrong, but I will look at it again tomorrow.
BITTORRENT: BULLISH IMPULSE TRIANGLE PATTERN - LONG SETUP 🔔Welcome back Traders, Investors, and Community!
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BTTUSDBTT remains one of the projects I believe in and have invested in!
Now it has rebounded from the Fibonacci618 level and is rising to the Fibonacci level 0.5! if it closes above it on the 1-week chart, I will continue to invest
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*This information is not a Financial Advice.
BTTUSD 4 hours chart - extreme oversold
1 day chart - oversold
1 week chart - we are still in uptrend but loosing a support.
$btt back to $0.01 ?$btt rsi oversold
Volume above .008
The overall chart looks ready for continuation upward.
BTT Elliot WaveWait for it...
One correction wave
one impulsive wave
now WXY
and Head and Shoulders.
Damn This chart is amazing.
Next: Impulsive Wave
Consolidating nicelyBTT has been consolidating nicely . $.0075 seems like the key support level it likes to hold , and seems like a great buy area ;We need to breakout of this downward channel
BTTUSDMACD shows selling pressure is gone with passage of time .Things are moving from week hands to strong hands and 0.0075$ looks strong resistance.If resistance broke next resistance is at 0.004 and 0.003$.
Always protect your investment with SToploss
i am not financial advisor
