BitTorrent vs Tether (BTTUSDT) Is Already MovingI shared a quick analysis of the BTTBTC pair, BitTorrent vs Bitcoin, mentioning that it is about to move and the criterion that needs to be met for this to happen.
When looking at the BTTUSDT chart, BitTorrent is already moving on this pair.
Hit LIKE if you want to now, and let's get started with this analysis:
We have a shy increase in volume but still looking to go up. Saturday, it can surely pick up by Monday.
RSI is bullish.
The MACD is curving up.
Now trading above EMA10. Since this is the daily time frame, the daily candle (today) needs to close for this signal to be confirmed/valid. What this means is that the price can still fall and close below 0.0007624 which is EMA10, if this happens, then the signal is invalidated. Once the closes above EMA10 this signal is valid. So we wait for the daily candle to close for confirmation. This is what I would call an "early signal" since it hasn't been confirmed.
Judging by the fact that the BTTBTC pair is looking bullish and that we already have a movement here, there are high probabilities that BitTorrent will move next.
All details can be spotted on the chart above.
P.S. This is not a piece of trade advice. All of my trades contain buy-in, targets, stop-loss, and additional relevant information.
If you want to see a full trade for BitTorrent vs Tether (BTTUSDT), make sure to hit like to let me know.
Namaste.
