BTT rdy to cool off?After a parabolic rise I think it might be time to cool off. RSI is above 90 on the daily. Back in february this resulted in a 50% drop. With today's huge increase I see BTT correcting up to 50% again within the next days. There's support around 0.007 and 0.005, so layered buy orders in that range might be good. I don't think BTT is done yet - what do you think?
BTTPERP trade ideas
$bit #BTT - neutralBitTorrent is a communication protocol for peer-to-peer file sharing, which enables users to distribute data and electronic files over the Internet in a decentralized manner. BTT has been on a tear since early February 2021. It's nearly managed to reach the end of the Fib extension drawn in here, for this reason it's now on 'neutral'. Folks on twitter are calling for 0.01 USD, which is possible in the cryptosphere, but honestly folks, there are 1000's of products out there, so what the heck, and the run has already been spectacular so far. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
BTT Price Can Gain Up to 30% In Upcoming MonthsThe weekly technical chart of BTT price suggests bullish momentum.BTT price has seen a gain of 2385% in the last three months. BitTorrent price is trading above 50 and 100 Moving Average. The 50MA line is at $0.0022, making it temporary support for the coin. Resistance for the coin on going upside will be at $0.0085.In contrast, the bounce back for the coin can be seen at $0.006.BTT price has been following a semi arc path in the shorter time frame of the 4-hr chart.BTT/BTC pair can also see a positive trend in the upcoming days.
Kindly comment your thoughts below
BTTUSD: Now going back down there to 0.002These crazy young tyrannosaurus needs rest for a while. Reasons:
1. Weekly RSI (2) negative divergence;
2. Weekly negative Harami candle up there just beside that beautiful long green candle.
Then, if it is going to be the 4th wave it is very welcome. I would like hold BTT. Justin is very busy these days, but I am sure he is going to grwo up this baby dinosaur.
Not a financial advice. Short it if you deem downturn like me.