BTTUSDT LONG positionLONG POSITION
ENTRY PRICE : 0,00358075
TP: 0,00386355 ( + 7,9 %)
SL: 0,00386355 ( - 3,31 %)
SHORT position depicted on chart for reference.
BTTUSDT trade ideas
BTT Battling Major Fib Before Major PumpBITTREX:BTTUSD
BTT 3-Day chart having a serious battle with a logarithmic fib before a quick 2x and more pump
BTTUSDT - looking bullish to meGreetings,
in short BitTorrent looks very BULLISH.
At a period of 4h 3 LOWS are clearly visible, and the FIB confirms that the BTT is well below 0.382.
I expect a price increase and a shift upwards.
Let's wait and see ...
My opinion.
EXTREMELY BULLISHBUY ABOVE .0004860 (ONLY BUY ABOVE THIS )
SL - .00039326
TGT - .00052000
INTRADAY !
Did BTT loose life support?BTC dominance keeps rising & it looks like BTT is going for a longer correction if it fails breaking back up above 11 sats.
BitTorrent (BTT) | +89% PP | FREE TRADING SIGNALPair: BTT/USDT
Exchange: Huobi or Binance
Trade Duration: Medium
Risk: Medium
Signal Strength: High
Our Entry Zone
0.00139941 - 0.00149840
Our Targets
1: 0.00166130
2: 0.00186500
3: 0.00264420+
Our Stop Loss: 0.00127503 (12H close below)
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Enjoy your day!
Axsonex Team
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BitTorrent Price Analysis BTT / USD: Bearish Bleeding StaunchedBitTorrent / USD Short-term price analysis
BitTorrent has a bullish short-term trading outlook, with the BTT / USD pair staging a strong recovery from major technical support on the four-hour time frame.
The four-hour time frame is showing that a large head and shoulders pattern has taken shape following the recent technical rejection from the BTT / USD pair’s 2019 trading high.
Technical indicators on four-hour time frame remain bullish and continue to generate a buy signal.
Pattern Watch
Traders should note that the BTT / USD pair may be forming a right-hand shoulder to complete the head and shoulders pattern on the four-hour time frame.
Relative Strength Index
The Relative Strength indicator on the four-hour time frame is bullish and shows scope for further upside.
MACD Indicator
The MACD indicator on the four-hour time frame is bullish and continues to generate a strong buy signal.
BitTorrent / USD Medium-term price analysis
BitTorrent has a neutral medium-term trading bias, following a strong downward correction from the BTT / USD pair’s all-time trading high.
The daily time frame is also showing that a head and shoulders pattern has formed, with the May 2019 trading low the downside target for the bearish pattern.
Technical indicators on the daily time frame are currently neutral and failing to generate a clear trading signal.
Pattern Watch
Traders should note that the May 22nd swing-low offers the strongest form of near-term technical support if price moves below the neckline of the bearish head and shoulders pattern on the daily time frame.
Relative Strength Index
The Relative Strength indicator on the daily time frame is trading close to neutral territory and is failing to generate a clear trading signal.
MACD Indicator
The MACD on the daily time frame is conflicted, with the MACD signal line issuing a bearish signal, while the MACD histogram is correcting higher.
Conclusion
BitTorrent has finally attracted technical buying interest after enduring a prolonged bearish correction.
The bearish patterns across both time frames continue to offer a warning of a much stronger move lower if bulls fail to convincingly move the BTT / USD pair away from the danger zone.
