Hello traders and Happy Sunday!
Today we take a look at BTT / USDT - Also known as BitTorrent token.
Price recently has had a HTF close above our recent Supply area now flipped into Demand (Blue)
I am looking for a continuation in price overall within the short term for BTT/USDT. A re-test of our EQ level followed by a strong bounce would signal good buy strength within this pair. First area of trouble in which we will run into will be our HTF Supply Block @ 9500-9700
If price is able to successfully close and break this grey area we will likely head to new highs via a 1:1 extension for future targets. Expectation // @ 15000 USDT price. Bias flipped upon price trading below Blue which will flip this once again into Supply.
Cheers and have a great trading week!
Twitter // Telegram
Today we take a look at BTT / USDT - Also known as BitTorrent token.
Price recently has had a HTF close above our recent Supply area now flipped into Demand (Blue)
I am looking for a continuation in price overall within the short term for BTT/USDT. A re-test of our EQ level followed by a strong bounce would signal good buy strength within this pair. First area of trouble in which we will run into will be our HTF Supply Block @ 9500-9700
If price is able to successfully close and break this grey area we will likely head to new highs via a 1:1 extension for future targets. Expectation // @ 15000 USDT price. Bias flipped upon price trading below Blue which will flip this once again into Supply.
Cheers and have a great trading week!
Twitter // Telegram
Comment:
Rejection +1
Expecting BTT to target our HTf demand areas.
Chart via Twitter
Expecting BTT to target our HTf demand areas.
Chart via Twitter
Price has failed to sustain our Upper Supply Area. Looking for a rejection here @ our 0.5 of this pivot. A close above our midpoint on LTFs would shift our bias to the upside once again.