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BTTUSDT trade ideas

$BTTC/#USDT [#BitTorrent-New]: BBand_Breakout ◳◱ Hey traders, we've identified a Bollinger Band breakout on the $BTTC / $USDT chart. The price has moved outside of the upper Bollinger Band, which can indicate a potential bullish trend. The next resistance key levels are at 0.00000077 | 0.0000008 | 0.00000088 and the major support zones are respectively at 0.00000069 | 0.00000064 | 0.00000056. We may consider buying at the current price zone 0.00000076 and targetting higher levels. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000076 ₮ ▣ 24HVol: 2,185,565.760 ₮ ▣ 24hChng: 2.703% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000077 | 0.0000008 | 0.00000088 ◢ Support: 0.00000069 | 0.00000064 | 0.00000056 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth BTTCUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
8
✴️ BiTorrent | 66.66% & 204% First... (Name Your Altcoin #23 ✅)It has been years since we looked at BitTorrent, BTTUSDT, a cryptocurrency that we got to trade as soon as it was launched and boy, we had a wild ride, up and down, down, down and down...

 Right now it is looking up. I have great news for you if you are a BitTorrent fan, trader or holder, all the signals are good for a bullish breakout to take place. Let's review them together, shall we? First is the mid-June 2022 low, this is the "bottom". The drop that happened in November to recover in January, marked here with a yellow "cup" like pattern is just the liquidity hunt event, the stop-loss activation move, the final shakeout. As BTTUSDT moves back above the June 2022 low, technically you could count the whole period as the accumulation phase. Even if you ignore all of this the last shakeout is a strong bullish signal. If prices stay below the June 2022 low, it would be strongly bearish and definitely lead to lower prices, now that we are back above the picture changes completely. Last week a Doji appeared, red, with really high bearish volume, yet this week we are green. Translation, all selling pressure was absorbed by the bulls. Trading volume has been going up massively lately, this can also be seen clearly on the chart. I was going to go a bit deeper but this is enough. The entire cryptocurrency market is interrelated, connected and we know this to be true just by looking at past history. Hundreds of pairs/charts that I shared recently have the exact same pattern but already above EMA10, EMA21, EMA50, etc. As the market is connected, BTTUSDT will follow and do the same. We are set to grow and this is good... 66.66% is the first main target and over 200% mid-term. There will be more of course, but we start shy and conservative and expand as the market grows. I hope you enjoyed the analysis. I appreciate your support. Namaste.
Long
by AlanSantana
11
BTTC/USDT Inverse Head and ShoulderWhat is Inverse Head And Shoulders Pattern? Formation of the head and shoulders pattern in trendline indicates a reversal in uptrend. Similarly, an inverse head and shoulders pattern appearing in a downtrend is indicative of bearish to bullish reversal. Like head and shoulders pattern, the inverse head and shoulders also appear in all time frames and is easy to spot. An inverse head and shoulders pattern forms when the price of an asset falls to a trough, then rises, falls for the second time, but this time the fall is steeper than the first. The price rises again and drops for the final time Key Takeaways The inverse head and shoulders formation is similar to head and shoulders formation, but only reverse It shares many characteristics with head and shoulders – of three troughs with the first and second being shallower than the middle one Inverse head and shoulders pattern appears in the downtrend The formation signals a bull market and traders enter a long position once the formation is complete Traders look for a steep price rise once the third rise breaks through the neckline How To Read An Inverse Head And Shoulders Pattern Inverse head and shoulders pattern indicates the end of bearish phase and onset of an uptrend. Traders enter a long position when the up breaks through the resistance line. They would look for a rise in volume to confirm the trend change. Inverse head and shoulders pattern appears frequently in the trendline, and since it shares many characteristics with the head and shoulder in an uptrend, it is also interpreted the same way.
Long
by BabarLaghari
5