alanmasters

BitTorrent Goes Sideways + Quick Update: Bullish After The Drop

BINANCE:BTTBTC   None
BitTorrent ( BTTBTC ) continues consolidating with pure sideways action.

When BitTorrent broke the 20 satoshis resistance that was sitting at EMA10 on the 17th March, it didn't gain enough momentum to remain above 22 satoshis. It did hit 23 satoshis but it failed to remain above this level. BTTBTC needed a close above 22 satoshis in order to be able to continue its climb up.

Now it is sitting in an accumulation phase before the next move... A drop can happen... Feel free to hit like now, if you want to, and let's continue with the charts and signals:

  • Now trading below EMA10, bearish potential dominates.
  • The MACD is trending up.
  • RSI is creating higher lows.
  • BTTBTC can have a small drop to 17-18 satoshis just to bounce and continue with its sideways consolidation.
  • This is just a friendly warning.

If you are trading BitTorrent long term, you can use this opportunity to rebuy and reload for future gains.

I've drawn multiple scenarios on the chart with a purple, green, and red arrows... As you can see, ultimately BTTBTC remains bullish long term.

Where you think BitTorrent is headed next?

Please share your thoughts in the comments section below.

Remember to hit like.

Namaste.
Mar 25
Comment: +225% for Everex (EVXBTC):

+102% for Ren (RENBTC):
Mar 25
Comment: EOS Token on BitMEX (Super Bullish) 137% ROE on 10X lev.

Ambrosus Looking Really Bullish (Next?)

Hempcoin (THCBTC) +23%

Bitcoin (XBT) LONG +52.8% ROE already... More to come
Mar 25
Comment: Funfair (FUNBTC):
Mar 25
Comment: NANOBTC Cup & Handle:
Mar 25
Comment: POA Network (POABTC) with 80% Trade Inside
Link:
Mar 26
Comment: QLCBTC (+52%)
Mar 26
Comment: Bitcoin (BTCUSD) Growing In Strength.

Analysis:
Mar 29
Comment: This BTTBTC update is still valid. Rebuy and reload on support.
Apr 05
Comment: I will look at the charts and post a new update.
💬 FREE Telegram | https://t.me/AMTrades

🌐 Alan Masters Trades | Profit Crypto Trading
https://alanmasterstrades.com

🅰️ Altcoins Signals| https://t.me/AMC1REGBOT

⭐️ Binance Calls | https://t.me/BCREGBOT

💎 BitMEX Trades | https://t.me/BBLREGBOT

Related Ideas

CryptoEngineering CryptoEngineering
Reply
Patience.... :)

I really enjoy your posts. Thank you so much for sharing your understanding.
I really love TA, and how it All is connected..... Waves within waves, life within life
Reply
@alanmasters What's the next support level to enter again? 12 sats??
Reply
@rkothwala, I will be giving it a closer look later on... But I am saving my energy now for private website/platforms.
Reply
How are we looking on this coin? Still accumulation zone, or possibility of dropping further? Thanks!
Reply
Thanks @alanmasters , 18-19 is a good area to grab more BTT. This is a strong support level.
+3 Reply
saadi_75 rkothwala
@rkothwala, it reached 14 sat man.
Reply
rkothwala saadi_75
@saadi_75, I sold it @21. Will rebuy once BTC is stable.
Reply
Nice analysis like always, thanks Alan!
Could you maybe also take a look at TRX short- to midterm?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out