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BTT-USDT

🔥 BTT Huge Wedge Break OutAs of earlier today, BTT has broken out of a huge wedge formation. The break out got accompanied by one of the biggest green candles we've seen in the last 6 months, further reinforcing the bullish narrative. I've marked two targets on the chart, $0.005 and $0.006 respectively. Assuming that bullish price action will remain, we can see the first target being hit somewhere next week. Potentially both targets if we get some parabolic price action. Happy trading!
BLong
by FieryTrading
12
🔥 BTT Bearish Channel: Capitulation Soon?Since the April high, BTT has steadily been losing value. Over the course of this bearish move, BTT has formed a descending channel. The key part of this channel is the fact that every time the bottom trend line is touched, it is because of a capitulation event. I count a total of 4 capitulation events where the price of BTT has been reduced by >20% or more. As seen on the chart, BTT has been hugging the top trend line since early July. Since this morning is appears that BTT has finally shaken off the top trend line and is moving downwards. If this means that we still have a capitulation event in the near future, hard to say. In the end it's all depending on Bitcoin. However, there's still a case to be made for the immense overvaluation of BTT, which would explain why there's a higher chance for a capitulation event in the near future. For the future, we can think about going long once the price breaks out of the descending channel. For now, things are very bearish. Happy trading!
BShort
by FieryTrading
10
BTT got the breakout confirmation, but is it enough?Hi! Since the last Breakout which had all-time-high on 05/04/2021. I read the chart as following due to massive selling pressure the 6th dynamic support/resistance guitar string failed to defend itself, so the string is cut. Next we see a MACD crossover (left box) ... this is why the 5th string is not eligible to act as a support due to high selling pressure after the crossover… The 4th string of the guitar is the guard to resist any possible breakouts! Now the green line... is just a support out of nowhere trying to hold/push the price higher, but this green line dude can't simply break through because of the guard of 4th string and not enough power of buyers :( at the end of this boring story... We notice the right box which is the MACD crossover(in case you know what it means!) This box has some treasure, gold, diamonds, etc... All the buyers will love to have this jewelry and buy it! But are these buyers will buy jewelry and leave me to play my guitar?
B
by Mimoteb
🔥 BTT Massive Triangle Break OutAfter seeing immense gains in April, BTT has calmed down significantly. Over a period of almost 5 weeks, nothing much happened with this coin. However, over the last two days it appears that traders got renewed interest in BTT, buying it up in large volume. This bullish push has caused BTT to finally break out of a triangle in which it has been trading for weeks. Potentially, this triangle can result in a new ATH in the near future. Happy trading!
BLong
by FieryTrading
22
🔥 BTT Potential Break Out On The HorizonAfter seeing immense returns a couple of weeks ago, the hype around BTT has evaporated and moved over to other assets. DOGE is a good example. When looking at the chart there's a clear pattern. Not really a triangle, but something is brewing. The 0.0075 resistance is holding strong, the tops are getting lower. Classical bearish pattern. However, we're currently in a very strong period of the bull cycle, so I'm optimistic about this pattern. For reference, my RVN analysis of last night: My best guess would be that we're going to see a strong increase in volume/price in the coming days. Keep an eye out on BTT! Happy trading!
BLong
by FieryTrading
34