BitTorrent Is Getting Ready For Another Round!

BitTorrent is a great one for us, as it makes us easy and fast money. We trade to make money, so this is perfect.

After hitting 37 satoshis, all of the targets from our first BitTorrent trade idea (

), the retrace started.

Now, I am biased here, as I trading more based on experience rather than chart signals and these analyses are for advanced traders only, as there isn't enough information on the charts to support a trade. And since I don't like nor recommend gambling; we trade at our own risk.

With that said, I believe that BTTBTC retrace is complete.

• Volume is increasing a lot on the last candle.
  
• Trading above EMA10 and EMA50 almost right away; traded below only for a few hours.
  
• Bear volume was low on the retrace.
  
• RSI remains strong.
  
• The MACD retraced and is curving up strong.
  
• 37 Satoshis is the next target. If BTTBTC can break and close above it, we aim higher. If not, collecting profits is wise.
  

Conditions for change:

• If BTTBTC moves down and closes below 27 satoshis, turn the warning hat on.
  
• If it moves lower and closes below 25 satoshis with strength, you can expect the bullish action to be other and BTTBTC going the bearish way. A new analysis will be needed.
  
• These are the conditions for change, for now it is looking bullish and positive, I am riding up the whole wave.
  

Hit LIKE to show your support...

Namaste.

Comment:

Here is a great example of BitTorrents potential...

Go to this chart (the one on the left) and hit play (then LIKE):

Comment:

25 Satoshis support has been broken, and as I mentioned in the analysis both, this makes BTTBTC bearish.

So what happens next?

0.786 Fib. support is sitting at 23 satoshis, this is the next level to look for support, followed by 21 satoshis.

BTTBTC needs more time to complete its retrace and 21 satoshis is very likely.

Namaste.

Comment:

New update: