BitTorrent [BTT] Technical Analysis BitTorrent [BTT] has had a rough year since landing on the crypto currency markets. Since its launch in , the cryptocurrency has lost about 80% of its launching value. ***NEW TRADE SET UP"** BTT/USDT - Long - Potential % Optional Leverage: N/A Entry- TP1(75%) TP2- (25%) - SL- - MANAGE TRADES- BTC VOLATILITY STILL HIGH - RR - - Trailing Buy - % - Trailing Profit - 1% - Trailing Stop-Loss - No. BTT Analysis. BTTBTC, 1D. Long. PadmeshBargale. T T 1. 0. BTT/BTC is on the way. BTTBTC, Education. capamit2. if BTT/BTC hold above support line, we will see for wave 4 & 5 This is not financial advice, please do your own research, just an idea 1. 1. Products.
Btt btc analysisBittorrent (BTT) Coin Price Prediction , , ,
We have strong indicators, green. A volume breaking, green. Prices trading above MA, super green. And plenty of room available for growth. We can see some bullish signs and ready for a large breakout.. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan. If this level can be conquered today with prices closing at 6 satoshis or higher, we can expect a strong move that can easily hit 9 satoshis.
It all depends on today's candle close and if the market produces enough trading volume. On top of MA being challenged, we also have some signals coming from With this, MA has been challenged and the doors open for BitTorrent to start to grow against Bitcoin.
The time to buy is not later but now The time to buy is running out. Once BitTorrent takes off, there will be a very strong move, there will be This means that it is best to keep your funds in bitcoin until it reaches its provisional peak, opening the doors for the altcoins to enter the scene. Bittorrent will be among the top candidates to record big gains, as the money usually flows from bitcoin profits to bluechip altcoins and big cap coins before trickling down to the less known and smaller projects.
However, we still emphasize that BTT is not a good long-term investment. Highly doubtful. BTT token creators hope that the promise of financial rewards will make more people seed the torrents they download. The whole investment thesis for BTT is unconvincing. Most people who download torrents do so through publicly available swarms. Torrenting forums make barely any mentions of the project and most experienced members of these communities will tell you that they love the Bittorent protocol, but at the same time despise the company behind it due to a history of misguided and almost malicious behavior.
That being said, we have to consider the involvement of Justin Sun and Changpeng Zhao of Binance fame in this entire project. Both of them are known in the blockchain community for taking part in some highly sketchy activities that likely robbed many crypto investors off their money.
Mining is still profitable if you know what altcoins to mine. All of this summed up means one thing: BTT might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market. Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect BTT will do them either.
The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership.
With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate. Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies and traditionally has a skeptical outlook for most coins.
Predicting prices of novel, highly volatile and risky asset classes is a thankless task — best answer is no one knows. Educated guess is that realistic BTT price for the foreseeable future is somewhere between its current price and zero. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses.
None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin. Tags: prediction. Phil Traugott is a staff writer at CaptainAltcoin.
As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.
Everything in this article has been proven flat out wrong. Random trading jargon to cash in on ads on his site. Second : How much did you get paid to write this crap? What has been proven as wrong? Can you please be more precise and quote falsehoods? Our updated chart on Bitcoin.
Momentum looks positive. We might experience a small dip before a much bigger rise I drew my Fib Extension from the bottom wick of the dump on March 15th, start of the bull run, all the way to These are the questions that I am now getting very often If Bitcoin will retrace, how far can it go? The potential targets we look at are based on the timeframe we are reading Even though we have a very strong bearish candle today, with really high volume It seems like it is currently forming a bullish flag consolidation pattern.
Let's see if the price can pullback to test the level once more to complete the pattern. A next leg higher is expected after the consolidation phase is done! Until today when it closed the most recent CME gap. Now lets recount the list of bearish signs: -Weeks of bearish divergences accumulated -Weeks of very high funding rate -A handful of CME gaps opened and not closed. Hey guys. If we hit the bottom or top of this symmetrical triangle, with volume backing it up.
If we go up however. Especially because it Few things that indicate BTC is looking to make a trend down to critical support zones. December 12th marked when we had closed above 20EMA. After that we can see a huge bullish trend following.