BTR - Detailed Top Down Analysis ๐นHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ Here is a detailed update top-down analysis for #BTR.
Which scenario do you think is more likely to happen? and Why?
๐Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTRUSDT trade ideas
BTR - Stronger Than Ever ๐ชHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ As per my last analysis, attached on the chart, BTR broke above the red channel and 0.0385 resistance and traded higher to reach our target.
Now What?
๐ BTR is sitting around the last weekly major high highlighted in orange.
For the bulls to remain in control, and take over from a long-term perspective, we need a break above 0.062. In this case, a movement till the 0.1 round number would be expected.
๐ Meanwhile , BTR can still reject the orange high and trade lower to test the 0.05 round number where we will be looking for new short-term buy setups.
๐ Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
BTR - Still Strong ๐ชHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ As per my last analysis, attached on the chart, BTR rejected 0.0255 support and traded higher.
Now BTR is sitting around the upper bound of the red channel.
๐ For the bulls to remain in control, we need a break above the upper red trendline and last major high in blue at 0.0385
๐ Meanwhile, BTR can still trade lower to test the 0.0255 support again where we will be looking for new short-term buy setups.
๐ Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
BTR - Top Down Analysis ๐น Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ Here is a detailed update top-down analysis for #BTR.
Which scenario do you think is more likely to happen? and Why?
๐Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTR - Strong Again ๐ชHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
BTR has been trading within a wide range, and it is currently consolidating near a robust support zone. Consequently, we will be searching for buying opportunities on lower timeframes.
on H4: Right Chart
BTR is forming a potential inverse head and shoulders pattern but it is not ready to go yet.
For the bulls to take over, we need a momentum candle close above the gray neckline.
In this case, we will expect a shift in momentum from bearish to bullish.
Meanwhile, until the buy is activated, BTR would be overall bearish and can still trade lower inside the support.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTR: Price Increased as Expected + 20% AgainBTR: Price increased as expected + 20% again
During the previous analysis, I explained that I was getting ready to buy BTR near 0.0400.
As you can see, the price has already reached that area and is rising again.
Watch the video analysis for more details.
Thanks and good luck!
Previous Analysis:
BTR +20% Since The Previous AnalysisBTR +20% Since The Previous Analysis
Since the previous analysis, I shared the BTR price has increased by almost +20%.
The price was at 0.4100 and reached a new price level near 0.0500
Considering the price behavior and the way it is moving, we can see BTR going up very quickly over the next few months. I expect a bullish move from +130% to +250%
Details in the video analysis!
Thanks and good luck!
PS: Please don't forget to hit like at the bottom and share your opinion below.
Previous analysis:
BTR (Bitrue Token) - What's Next?BTR (Bitrue Token) - What's Next?
Technical Analysis:
The price tested a very strong zone near 0.02748.
The current price reaction over the previous days was very strong and the price almost
doubled. We have to remember that this is also the coin of the broker and as a Utility token
it is useful in different ways within the broker.
In my opinion, this token is undervalued and it should rise more.
๐As a long-term investor, you can buy this token and you can deposit your token in staking
as they have a very high interest. In this way you will win from the price increase and from staking
as well. BTR staking is nearly 9.47% APY for 30 days if I am not wrong.
About BTR:
Bitrue Coin (BTR) is the native asset on the Bitrue exchange.
BTR is designed to support all Bitrue businesses such as trading fee deductions,
cash deposits by projects, voting for listings, wealth management programs, and loan programs.
Thank you and Good Luck!