BTTPERP trade ideas
BTT Price Bulls Are Resting Before The Next Big RunThe weekly technical chart of Bittorrent showcases a bearish move. BTT price is in a consolidated momentum in the daily time frame. Resistance on the upside for Bittorrent can be seen at $0.01. Meanwhile a bounce back while going down can be seen from $0.005. It is trading above 50 and 100 Moving Average. The 50MA (Red) line is at $0.0053, making it temporary support for the price. The coin has formed an accumulation zone on the daily chart. If the price breaks 10% above the zone then a strong bullish momentum can be seen.
BTT Downtrend This is my first analysis. I've been holding BTT, and looking for some price moves.
From the charts, I did not see any candlestick patterns that would indicate a reversal.
From the MACD - it looks like the momentum continues to be bearish.
From the RSI, still in a downtrend (below 50).
I am going to continue to watch for signs of reversal.
As this is my first analysis, looking for feedback, corrections, and other ideas. I hope I am wrong, but I will look at it again tomorrow.
BITTORRENT: BULLISH IMPULSE TRIANGLE PATTERN - LONG SETUP 🔔Welcome back Traders, Investors, and Community!
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BTTUSDBTT remains one of the projects I believe in and have invested in!
Now it has rebounded from the Fibonacci618 level and is rising to the Fibonacci level 0.5! if it closes above it on the 1-week chart, I will continue to invest
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*This information is not a Financial Advice.