BTTCUSDT(BitTorrent) Updated till 08-09-24BTTCUSDT(BitTorrent) Daily timeframe range. PA is holding the current level for a while now. which is good compare to the market. its trying for 0.00000096 a little bit volume may help it there. closing above clean can push it further. local support at 0.00000072.
Bttcusdt
Is there an explosion coming?If the price stabilizes above the number of 48500 dollars, it indicates that the rsi number will enter the range of buying excitement and that is what bitcoin lovers want, the price explosion of bitcoin, it is not really possible to say what number exactly, but I think that the demand will continue as long as the stable price growth. We will see a rapid rise in the price of Bitcoin. The excitement of the range above 70 rsi in Bitcoin has always had pleasant memories for fans.
Trade signal | BitTorrent (BTTC) completed a setup for next pumpHi dear friends , hope you are well and welcome to the new trade setup of BitTorrent (BTTC) with US Dollar pair.
Previously we caught 61% pump of BTTC as below:
Now on a 4-hr time frame, BTTC has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BitTorrent PUMPit's a tragedy when you miss a pump like this.
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BitTorrent (BTTC) forming bullish BAT for upto 17% pumpHi dear friends, hope you are well and welcome to the new trade setup of BitTorrent (BTTC) with US Dollar pair.
On a daily time frame, BTTC is about to complete the final leg of a bullish BAT move for bullish price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
$BTTC/#USDT [#BitTorrent-New]: BBand_Breakout ◳◱ Hey traders, we've identified a Bollinger Band breakout on the $BTTC / $USDT chart. The price has moved outside of the upper Bollinger Band, which can indicate a potential bullish trend. The next resistance key levels are at 0.00000077 | 0.0000008 | 0.00000088 and the major support zones are respectively at 0.00000069 | 0.00000064 | 0.00000056. We may consider buying at the current price zone 0.00000076 and targetting higher levels.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000076 ₮
▣ 24HVol: 2,185,565.760 ₮
▣ 24hChng: 2.703%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000077 | 0.0000008 | 0.00000088
◢ Support: 0.00000069 | 0.00000064 | 0.00000056
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth BTTCUSDT technical analysis on Tradingview TA page
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BTTC/USDT Inverse Head and ShoulderWhat is Inverse Head And Shoulders Pattern?
Formation of the head and shoulders pattern in trendline indicates a reversal in uptrend. Similarly, an inverse head and shoulders pattern appearing in a downtrend is indicative of bearish to bullish reversal. Like head and shoulders pattern, the inverse head and shoulders also appear in all time frames and is easy to spot.
An inverse head and shoulders pattern forms when the price of an asset falls to a trough, then rises, falls for the second time, but this time the fall is steeper than the first. The price rises again and drops for the final time
Key Takeaways
The inverse head and shoulders formation is similar to head and shoulders formation, but only reverse
It shares many characteristics with head and shoulders – of three troughs with the first and second being shallower than the middle one
Inverse head and shoulders pattern appears in the downtrend
The formation signals a bull market and traders enter a long position once the formation is complete
Traders look for a steep price rise once the third rise breaks through the neckline
How To Read An Inverse Head And Shoulders Pattern
Inverse head and shoulders pattern indicates the end of bearish phase and onset of an uptrend. Traders enter a long position when the up breaks through the resistance line. They would look for a rise in volume to confirm the trend change. Inverse head and shoulders pattern appears frequently in the trendline, and since it shares many characteristics with the head and shoulder in an uptrend, it is also interpreted the same way.
BTTUSDT (Bittorent) : Bullish or what ?As we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)