Two scenarios for BTT Bittorrent
Bullish scenario
As the last movements of the markets are more than bullish, we could say this is the more probable scenario.
We suggest to buy the breakout of the descending resistance and then you have two options:
1) SAFER: Sell in the red area
2) AGGRESSIVE: Hold it longer.
We think that after the second resistance breakout, we could possibly visit new highs.
Anyway if BTC turns out to be bearish again (short term), you should consider to close the position.
Bearish scenario.
For the characterics of this token and the market in general, we exclude a complete bearish scenario for BTT.
In fact, we consider a safe move to buy around the green area and sell around actual resistance.
The short term downtrend resistance and support are really well defined, so you can easily manage those positions.
Join us for further analysis on:
Instagram : instagram.com/bfcminvest/
Telegram: t.me/bfcminvest
Facebook Page: facebook.com/bfcminvestment/
Web: bfcminvest.com
As the last movements of the markets are more than bullish, we could say this is the more probable scenario.
We suggest to buy the breakout of the descending resistance and then you have two options:
1) SAFER: Sell in the red area
2) AGGRESSIVE: Hold it longer.
We think that after the second resistance breakout, we could possibly visit new highs.
Anyway if BTC turns out to be bearish again (short term), you should consider to close the position.
Bearish scenario.
For the characterics of this token and the market in general, we exclude a complete bearish scenario for BTT.
In fact, we consider a safe move to buy around the green area and sell around actual resistance.
The short term downtrend resistance and support are really well defined, so you can easily manage those positions.
Join us for further analysis on:
Instagram : instagram.com/bfcminvest/
Telegram: t.me/bfcminvest
Facebook Page: facebook.com/bfcminvestment/
Web: bfcminvest.com
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