Wave 3 up still in playWe are still in play for a third wave up which will likely start at the .786 fib retracement level (17-18 satoshi mark). We are still in a pennant and in a parallel channel which I feel we will break upwards at the .786 retracement mark. I would enter a trade around the 17-18 satoshi mark with a stop loss at 12 satoshis maybe 13 or 14, your preference. The first 2 targets would be key resistance areas and the 3rd target would cap off a 1:1 fib extension.
Target 1: 27-28 sats.
Target 2: 37-38 sats
Target 3: 45+ sats.
I don't like to trade with exact targets because I treat support and resistance as an area as opposed to one fixed number.
Note: This is not financial advice. I am not a financial adviser nor do i give financial advice. I am just showing others a trade I will be potentially entering. Invest at your own risk. View this post as a learning opportunity for me and you. Once a student always a student.
Quick note: to clarify the Elliot wave, the letters a b and c are part of the ABC correction which will end wave 2. The roman numerals are sub waves on either a major wave like wave 1 or a subwave of the C correction wave. I would have added subwaves for each individual correction and but that would be a messy situation for individuals who aren't familiar with Elliot wave.
Chart is accurate as of March 2, 2019. 3:11 EST.
BTTBTC
BitTorrent in EQ!Hello dear crypto friends, hope your Wednesday is going well! :)
BitTorrent has doubled since its listing from .5 to .1 and is currently inside this Daily EQ around the ranges of 10,5 & 8,3 if we take the important candles & wicks. We currently have the 3rd Doji on the Daily at the bottom support.
For the case this breaks bearish, it's not very interesting from a low volume perspective. But should the bulls be able to defend it, we can look for the top of the EQ. BitTorrent has currently some fuzz going on: Fundamentals could lead to higher gains, since we don't have a huge market cap yet: It doesn't take much money to drive it higher. But in any case, always look at correlation to the whole crypto sector & especially sector leader, grandpa Bitcoin.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
BTT On the Move Up?BTT is currently trading between the .5 and .618 fib retracement zone after a drop from its ATH and we could expect a bounce up soon. A 1:1 extension could see us going to the 45-48 satoshi mark (but is not a given). 21-22 satoshi area is crucial area, we need to hold and break above 28 sats and hold it for confirmation. The next support zone is the 17-18 satoshi range. We are about to complete a Pennant which has been developing for quite some time now. But we are in descending parallel pattern which i believe we could break once we break the pennant.
Note : I published it as a long but I am NOT a financial adviser nor do i provide financial advice. Trade at YOUR own risk.
BTT/BTC Binance. Information above is accurate as of 2/27/2018 12:12 am EST.
BTT breaking to the downside...update on $BTT, finally broke to the downside, I would expect to bounce around 21/20sats. Both MACD and RSI looks bearish, Volume is MIA. #BTT
BITTORENT Symmetrical Triangle DropHe made the downward movement in the trapped triangle. Everyone was expecting upward movement. BITCOIN failed to collect its strength.
He needs to get a little further down and get power.
BTT/BTC parity Good Entry Point 17-18.
Is not investment advice.
Btt triangle breakdown.I predict btt gonna drop little more. Put
buy order 19-18...
Trade competition ended soon.
28.2. Tron launch hard fork. That may effect also btt price.
BTT BITTORRENTCONTINUE PUMPING HERE
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USDT : 3JCnKaDhYSPMFez4wb8apsd6iA6KC7ZA7m
XRP : rLpumSZQNJ6Cve7hfQcdkG9rJbJhkSV8AD
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BitTorrent (BTTBTC) perfect symmetrical triangle pattern.BINANCE:BTTBTC
BITFINEX:BTTBTC
BITTREX:BTTBTC
BTTBTC formed a perfect symmetrical triangle that according to statistics has ~75% chance of breaking up.
The perfect entry is indicated in the graph and occurs after the breaking of the previous top accompanied by increasing volume.
However, there is also the possibility of entering the operation within the triangle with a stop-loss close to the previous bottom, but it is much more risky.
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God bless!
BTT/BTC probable upward break coming!1.Reached the end of the triangle
2.Already forming higher high's in the RSI
3.Also formed a higher low in the price action
4.Volume is nice.
5.Red line can be used as a stop loss.
**DYOR Its not a financial advice**
TRADE SAFE!
$BTT Inevitable BreakoutTwo reasons why I think $BTT will explode:
1. Justin Sun & CZ are hyping the coin: Buy the Hype
2. $BTT Binance Trading Competition = More Volatility = More $$$$
The Motive Wave has already started on $BTT and we are currently in the begging phases of the impulse wave . Always remember the following:
Wave 2 always retraces (gives back) less than 100% of Wave 1.
Wave 4 always retraces less than 100% of Wave 3.
Wave 3 always travels beyond the end of Wave 1 and is never the shortest wave
We have a previous high of 38, I think given the volume and hype, we will break the previous high by a couple of satoshis, correct, and shoot upward to high 40's - low 50's.
Your thoughts are very much appreciated -- Let me know in the comments below :)
Happy Trading Gents!
Btt - BtcHere is three scenarios.
Greenline (10% probability.)
Yellow line (60% probability)
Red line (30% propability)
Now we have Binance Btt competition. This make price prediction difficult. I think we drop back to 22-23sat.
Tell you thoughts. What is your opinion about next days Btt action.
BitTorrent TargetHello Everyone
------
Target 1 = 31 (Short Term)
Targer 2 = 47 (MIDTERM)
Target 3 = 82 (LONGTERM)
SL SHORT TERM:21
Good Luck.
BTT / BTC TA - SOLID 40% PROFIT POSSIBILITY - CryptoManiac101BTT / BTC TA - Clear trade with over 40% profit possibility
Do keep in mind that this is a newly released token which means that we don't have enough data for complete analysis. BTT may see similar movement as Tron did back in 2016 when it was first released, however since this is somewhat 'backed' by Tron the company and is fully supported by Binance, we may see a much more accelerated growth beyond our minor target. We would not recommend to outright put sell orders around target area, unless you're a day trader. Instead set profit stop losses as we move closer to target zone and just inch just stop loss forward which would minimize your risk and actually move your trade into profit even in the case we see a massive drop.
If you've received it through an airdrop, definitely would recommend to keep it through next bull run as it may outperform what Tron did back in 2017
Enjoy it and be safe!
BTT.. Hopefully something like this if not more bullish. Mostly just watch these levels for some fib action.
BTTBTC [4h] Is another pump on the way ?Hi,
looking for speculative longs around 23/22 with stop below 19 and first target around 32.
In case of stronger selloff I will be looking for new buying opportunity around 16/14
BitTorrent (BTTBC) Attempts At Breakout (We Remain Bullish)BitTorrent (BTTBTC) is making another attempt at a breakout and this time it looks better than before.
As usual, we practice payment and we wait patiently until we start to hit our targets.
Here is our BitTorrent (BTTBTC) Trade:
(We are active and in profits)
On the chart above, we have the following signals:
Increasing volume.
Break above EMA10, 50 and EMA100 (green, magenta, and blue lines).
MACD bullish crossover.
Bullish RSI.
Conditions for change: If BTTBTC loses momentum and closes below 24 satoshis, then the above signals are invalidated.
If it moves down, we wait for the bounce and remain bullish long term.
Namaste.