BTT USD Double BottomHi everyone. BTT in a double bottom pattern . Playing out the famous W. Let's hope it breaks through top resistance. Keep an eye for updates. Not financial advice, but probable.
BTTUSD trade ideas
BitTorrent (BTT)BTT is a token for the famous BitTorrent peer-to-peer (P2P) file-sharing and torrent platform. After being purchased by Tron organization and relaunching the new BTT on the TRC-20 network, price dropped drastically. Anyway, it seems BTT has been correcting in a downward triangle-shaped pattern. Have to wait and see if price can break this pattern upward.
P.S. Be careful trading BTT as its price has dropped sharply in the past.
BitTorrent - Tron's AlphaBitTorrent is an old coin on the Tron's Network TRX.
I think the Tron's Network run didn't end for good and shall return in multiple tokens in this chain.
BTT or BTTC shall have a mega run that should pass above $0.00000250 in my opinion.
But first, I think a last dip around $0.00000050 : $0.00000060 shall occur first.
A soft cancellation of this idea is passing $0.00000097 without dropping first to the expected area above. Passing $0.00000220 is a final cancellation of this idea.
BTTUSD: Rising Three Methods Visible on the DailyWe have a Rising 3 Methods Visible on the Daily after having moved away from the lows in the presence of Bullish Divergence; The Rising 3 that we've formed at the current level suggests that the BTT will continue to shift away from the lows and atleast make a Common Retrace.
XRP DAILY ANALYSIS Mon.July.11.2022Please like and comment as it pushes me to keep creating content on pairs and my bias on it :) -This is merely MY outlook and not advice on what YOU should do just my opinion on what I see - yonsfx
XRP DAILY ANALYSIS Fri.June.3.2022Please like and comment as it pushes me to keep creating content on pairs and my bias on it :) -This is merely MY outlook and not advice on what YOU should do just my opinion on what I see - yonsfx
BTT BUY SIGNAL ~10X~Someone is buying a boatload of BTT...look at that volume
Bull flag on the larger timeframe, volatility getting tighter.
The last MACD & ema 9 cross was above zero...bullish
RSI riding the same trendline out of the oversold territory.
DYOR
GOOD LUCK
XRPUSD Daily Breakdown Tues.Mar.1.2022Please like and comment as it pushes me to keep creating content on pairs and my bias on it :) -This is merely MY outlook and not advice on what YOU should do just my opinion on what I see - yonsfx
RSI is at 4.6, Fibonacci 9/10 HUGE!BTT has tremendous upside channel potential!
- Huge Fibonacci retracement 9/10
- SMA 14 RSI 4.6
I'm going to buy long because of these two technical indicators. Fibonacci retracement at 9/10 is a great combination that goes alongside the RSI 4.6 pointing to a good entry point for new buyers, solid technicals for large upside from large oversold downside recently. Another point from the market correct from last week's selloff of 1.2 trillion, partly from BTC is another good point to get in while it's cheap. Solid entry position better than any other coins right now and bears finish selling from gains.
Good points other than technicals is the transition to the new coin is a step towards web 3.0.
- Getting on the Meta bandwagon.
- Contactless transactions between different coins.
- Low transaction fees from bridging, exchanging, transferring, staking.
- Easier UI, UX for delegating, voting, and previous points.
- Fixing of previous coin bugs for downloading content.
Stay tuned.
BTT - DESCENDING TRIANGLE! What's next?Happy Icy Texas Friday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
I am not trading this asset but TA on this asset has been requested, so it is my pleasure to present my views on this BTT/USD pair.
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BTT continues to be pushed down as the Bears continue to feast.
BTT is now approaching the Green Support Bar A, if it gets supported by it then our expected target for a bounce would be the 21MA then the Resistance Trend Line and Bar.
Here's a view from a conservative trader... if BTT continues to be below the 21MA and the Resistance, then there's still no long position to be initiated.
BTT must escape the 21MA and Resistance, push up higher prior to opening a long position.
If BTT gets pushed further down, then the next level of support will be the Blue Support "B" below.
Soon, this Descending Triangle will expire and BTT will have to break out of it either to the upside or downside.
MACD: If BTT manages to keep it's level above 0.00011934 then it will maintain it's Bullish Divergence against the price action.
Stoch RSI (1Wk TF): Take note that the setting on this chart for Stoch RSI is set on the 1Wk TimeFrame. Stoch RSI on this chart is above the Oversold Region, above 20. Price action dictates where this should go.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
BitTorrent $BTT and Chainlink $LINK - striking resemblenceUncanny resemblance starting to tease an uptrend similar to Chainlink in almost every aspect by the chart comparison
BTT is consolidating in the 2nd wavecrab harmonic pattern:
X=$0.011
A=$0.0001
AB=0.61 XA
BC=0.88 AB
0.78 XA=$0.0042
0.88 XA=$0.0066
1.6 BC=$0.009
1.13 XA=$0.02
2 BC=$0.023
1.27 XA=$0.04
2.24 BC=$0.043
1.41 XA=$0.075
2.6 BC=$0.112
1.6 XA=$0.197
3.6 BC=$1.4
BTT all set for 0.011 USD???We have seen price go higher after it has entered the M(OB). Now it seems to be retracing towards the M(OB) around 0.0032 which is where I expect it to get rejected before it continues going higher.
Furthermore, the weekly TF is showing that price has previously purged through the previous Weekly temporary swing high signaling future higher prices, hence we expect price to be more bullish this week until we see it clear previous weeks highs.
BTTUSD uptrend expected5th wave starting soon
wave 4 stays above wave 1
bullish channel
double bottom + higher lows
BTT Forecast Daily Timeframe Looking at BTT and the pattern it formed today it reminds me on and analysis i once did on SHIB months before it went ape it looked just like this. Ever since BTT was listed it went parabolic once which was 1st quarter 2021 create a new ATH of $0.013 and its been on a down trend ever since and has bounced twice on our major support of $0.001.
when it holds that major support like SHIB it can continues to trade sideways for sometime before going ape and setting a new ATH as it is the start of a super altseason where the get to out preform BTC and BTT could be one of them.
A symmetrical triangleJust as the price fall, price tries to gain momentum to the upside but couldn't go further. We see a symmetrical triangle formation so a break in any of the trend lines the price moves in that direction
BTT try to breakup 0.0042 areaBitTorrent has grown by about 80% after flooring in the 0.0020 zone with an Increased buying demand.
The descending trendline is broken and submitted above it.
The growing trendline also touched and reacted to a resistance zone on 0.0042 and another dynamic resistance.
in case of any slump, 0.0033-0.0032 zone would be a good area for entrance.
Support areas: 0.0032 – 0.0030
Resistance areas: 0.0041 -0.0043
BTT PERSONAL ANALYSIS IN THE LONG TERMChart shows common supports and resistances based on the fibonacci and price action. The total evaluation for BTT is bearish. The price itself was not able to produce any higher high despite being oversold in the daily timeframe from the Relative Strength Index. This shows that the asset itself is not capable of sustaining above the soft support in an overall market bear trend of BTC. When the market is bullish, it only lingers in the consolidation range above the 0.236 and below the 0.0382.
One can long this asset during a bull cycle from a respectable buy order standpoint, but the better strategy is to short it based on past references of resistance as this will give you a much better chance of being profitable until proven otherwise.
