matt8932
Long

$BTT - Prepare for liftoff

BINANCE:BTTBTC   BitTorrent / Bitcoin
In this three day chart of $BTTBTC, we can see that price has consolidated at 15 sats . On balance volume has stopped declining and the stoch RSI oscillator looks primed for a bullish cross.

I am inclined to think that this has good pump potential, for two reasons:
  • Justin's forthcoming lunch with Buffet could provide sufficient hype and excitement to fuel a "buy the rumour" type of market reaction
  • If the first leg up was an impulsive wave 1, then in crypto it's not unusual for the cycle high to top out at the 2.272 or 2.414 extension or even higher.

That gives us a target of 43 sats . Invalidation would be a drop below 13 sats with OBV taking a downward turn.

THIS IS NOT TO BE CONSTRUED AS FINANCIAL ADVICE. DO YOUR OWN RESEARCH.
Trade closed: stop reached: I'm out:
- BTC dominance rising sharply
- BTC price breaking to the upside
- Liquidity being sucked out of alts - market wide blood
- Expecting further drop on BTT... may re-enter at signs of reversal.
Starting to sweat on this one... BTC is ready to moon, BTC dominance is going up...
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