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Bittorrent

BitTorrent Daily Update - Sideways Action (We Remain Bullish)Our recommended buy-in for BitTorrent (BTTBTC) is sitting at 22-24 satoshis, this is the buy-in range that I gave for our active trade. Right after I shared this trade, BTTBTC took off and hit two targets for 39% profits. (The first round generated us 130%+ profits) You can see this active trade here: (First round can be seen here): So, where do we stand now? We have a rule of thumb that we follow after hitting our targets for our active trades. We normally sell a portion of our holdings at each target. When you have experience and become a more advanced trader, we start to use the buy-back -lower strategy. This strategy consists of selling on target and buying back at a lower price to enjoy additional profits on the way up. Obviously, this can increase the overall risk of the trade (if the price goes down rather than bounce), but more risk also translate into higher potential rewards. As a rule of thumb, we buy back 15-35% below peak price reached. In the case of BTTBTC, the peak price was 32 satoshis, we would be looking to buy back around the 23-27 satoshis range. Now, this is a huge range, 15-35%, but this is just a general number as many conditions apply as to when it is the best time to buy back. Depending on the altcoin/asset, the momentum, how big is the impulse, market cycle, and other features, we make our decision, but here I can only give you the overall idea. So we hit our second target and collect profits, selling only a portion and leaving the rest for higher targets but now we have the option to buy again. We wait for the retrace to be completed and we buy before the next break. As I mentioned several times in the past, BTTBTC is a long term winner. So we remain bullish long term no matter what happens; this is purely based on experience and the information we've gathered from the charts in the past few days. Now, let's get to the analysis: BTTBTC is now on a small retrace and what happens next depends on price action. Before we get started, our trade remains active and in profits. This information is extra and valid only for those looking at shorter-term price movements and for new entries. If you are already positioned from when I gave my first signal, all you have to do now is wait patiently and read this stuff for your own learning and entertainment or to open new positions if so you wish. There isn't much volume on the retrace. If BTTBTC were to go down here, after its second push, then the volume would be higher. So we focus on sideways-bearish short term in order to complete the retrace. This retrace first aims at 24 satoshis as the main support. Only if this level breaks we look for 22 satoshis and finally 18. For now, this is the lowest BTTBTC can go. If anything develops on the chart, you can leave a comment and I'll post an updated analysis. So looking at our support, we focus on the move up next. We have 27 satoshis as the main resistance. Anything above 27 satoshis gives us more bullish potential. Anything below 24 gives us bearish potential. Between these two, 24-27, sideways consolidation can happen before the next move. Overview: Retrace followed by consolidation. Expect some short term bearish-sideways action in preparation for the next move. Immediate support is sitting at 26 satoshis. If this level breaks, we look for 24 satoshis as next support. After that, we have 22 satoshis and a new analysis if it goes lower. Immediate resistance is sitting at 27 satoshis. After that, we have our last peak, 32 satoshis. This level needs to be broken with strength and volume if BTTBTC wants to continue moving up. Now we wait patiently. Sideways action is highly probable. I can post a new update daily. If you are interested in reading those, please hit LIKE and leave a comment so I'll know. Thanks a lot for reading. I LOVE YOU! And thanks a lot for the continued support. This is Alan Masters. Namaste.
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by MasterAnanda
24
BitTorrent (BTTBTC) Starts To Generate Profits!We've been following BitTorrent together since it was first added to Binance, now also available to trade on Bittrex, and I have to say that it has been an entertaining and enjoyable ride. I didn't share any trades to start, only analyses, but yesterday finally decided to share one with you which is doing good numbers today (Up to 30% profits within 24 hours) ... I again want to thank you for your continued support. Now, let's get to BTTBTC which is why I am writing for you here: What we can see by looking at this chart, is that BTTBTC completed a classic retrace and is now resuming its climb up. We have a bullish RSI and the MACD aiming towards the bulls. Now here is the question that is on most peoples mind! How far can BitTorrent (BTTBTC) go? It all depends on how the charts develop. To start, BTTBTC needs to break and close above 32 satoshis, this is the main resistance for further significant bullish action. Now, for BTTBTC to continue with its impulse, a strong break above 37 satoshis is needed... If this comes to pass, you can check the targets and trade details by visiting the trade idea below: So far BTTBTC is looking really bullish. Holding nicely and volume starting to build up. So we wait patiently and follow our targets, I will keep you updated if something changes. Make sure to hit LIKE for more daily analysis and updates on BitTorrent, Tron, Bitcoin, Binance, Ripple, ETH, Cardano, BitMEX, Bittrex and all of your favorite cryptocurrencies. Alan Masters! Namaste.
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by MasterAnanda
5
BitTorrent Finds Support - We Remain Bullish (Accumulation)I wrote several updates for you about BitTorrent and its price action. Without going back to those old analyses, let's look at the chart as it stands today. We can see an accumulation phase with sideways action. BTTBTC broke below support (23 satoshis), which is now sitting at 0.786 fib. retrace (orange line), just to quickly bounce up. Now we can see accumulation happening with EMA10/50 working as main support, and 26 satoshis as the main resistance. Seeing how fast BTTBTC bounced when it broke below 21 satoshis, we can consider this a very strong support. If at anytime BTTBTC breaks below 21 satoshis with strength, you can expect 18 to be tested. If there is no strength on the break, then a bounce can be expected. As for the bullish view, any catalyst can send BTTBTC booming to the upside with the main targets being 26, 32 and 37 satoshis. If 37 satoshis, the last peak, can be broken with strength, we look at higher targets with a new analysis. I've marked on the chart several different possible scenarios. Whichever one comes true if support is broken, we always await a bounce with bullish potential. We remain bullish long term on BitTorrent (BTTBTC). This analysis is done by the request of my Trading View followers. I riding this wave long term. Remember to hit LIKE. Namaste.
BLong
by MasterAnanda
13
Two scenarios for BTT BittorrentBullish scenario As the last movements of the markets are more than bullish, we could say this is the more probable scenario. We suggest to buy the breakout of the descending resistance and then you have two options: 1) SAFER: Sell in the red area 2) AGGRESSIVE: Hold it longer. We think that after the second resistance breakout, we could possibly visit new highs. Anyway if BTC turns out to be bearish again (short term), you should consider to close the position. Bearish scenario. For the characterics of this token and the market in general, we exclude a complete bearish scenario for BTT. In fact, we consider a safe move to buy around the green area and sell around actual resistance. The short term downtrend resistance and support are really well defined, so you can easily manage those positions. Join us for further analysis on: Instagram : www.instagram.com Telegram: t.me Facebook Page: www.facebook.com Web: www.bfcminvest.com
BLong
by BFCMInvest
[IMPORTANT] TRON (TRXBTC) & BitTorrent (BTT) Turns Bearish The airdrop for BitTorrent (BTT), TRON's cousin, is coming on the 11th February and a drop might ensue for both TRON (TRXBTC) and BitTorrent (BTTBTC). Both charts are now looking bearish after certain support levels were broken. TRXH19 on BitMEX was looking bullish, due to a huge green candle that only came up there. Looking at the candle, a huge rejection ensued but the chart signals remained bullish due to its massive size. You can see this chart here: But there is more: When you look at it closer, you can see that this is a manipulation trap, the divergence can be spotted, TRXH19 will be moving down. We will trade it SHORT. As for TRXBTC, look at the chart above: We have 3 higher lows and a brek below EMA10. TRX can move as low as EMA50 first or 0.786 of fib. retrace at 620 satoshis. This would be the first stop, it can even go lower. The MACD and RSI are bearish and trending down. In Summary, TRON (TRXBTC) is now bearish. Conditions for change: If the last high can be broken and closen above, 863 satoshis, then this analysis would be invalidated. Make sure to hit LIKE to show your support. Namaste.
Short
by MasterAnanda
8