alanmasters
Long

BitTorrent Might Not Hit 15 Before Next Wave Up (Full Update)

BINANCE:BTTBTC   BitTorrent / Bitcoin
BitTorrent ( BTTBTC ) has been holding really nice. Our first wave led us to 120% profits (grow from 10 satoshis average buy-in, all the way to 22 satoshis peak price).

The retrace stopped at 16 satoshis on the 30 May, which is ~27% below peak price.

If you follow Alan Masters, you know that we rebuy and reload on the retrace 15-35% below the peak price reached. Taking this rule of thumb into consideration, we are looking at the 15-18 satoshis range for support before the next wave. (We are in the support range before the next move... This is where we buy-in, rebuy and reload).

Now, this is for more experienced traders, so if your head is already spinning remember to just buy within the recommended buy-in range, collect profits as we move up and simply wait patiently.

BitTorrent ( BTTBTC ) 16 satoshis support has been holding for multiple days and trading volume came to a halt. We have strong resistance at 17 satoshis and strong support at 16.

We are expecting a drop to 15 satoshis before BitTorrent moves up but this might not happen. It seems that too many people are waiting for it to go lower to buy, so not many sellers, it might move up from here.

The lack of volume in the last few days is pointing me in this direction.

When you look at the 4H time frame, there are signals of support holding with the RSI and MACD starting to diverge.

This chart shows the potential scenarios:

So it is easy to rebuy and reload here with the anticipation of the next wave.

We are already in and in great profits... So this is all an extra for us to load up and earn even more.

You can find our full trade for BitTorrent ( BTTBTC ) by clicking on the image below:

And if you enjoyed this update and would like to see more. Make sure to hit like to show your support.

Namaste.
Comment: I will share a new update soon... There is a possibility for lower than 15.

We will visit all possible scenarios as usual and be ready for all of them.
Comment: We did go below 15 but I think this is as far low as we go... BitTorrent might resume its climb up from here.
Comment: Latest update:
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Will it go to 0, that is the question :-)
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Reloading!
+1 Reply
@cryptowar, Same here...
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MarxBabu cryptowar
@cryptowar, As always one of the best analysis ;review mine too
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