BitTorrent (BTTBC) Attempts At Breakout (We Remain Bullish)

BitTorrent (BTTBTC) is making another attempt at a breakout and this time it looks better than before.

As usual, we practice payment and we wait patiently until we start to hit our targets.

Here is our BitTorrent (BTTBTC) Trade:

(We are active and in profits)

On the chart above, we have the following signals:

• Increasing volume.
  
• Break above EMA10, 50 and EMA100 (green, magenta, and blue lines).
  
• MACD bullish crossover.
  
• Bullish RSI.
  

Conditions for change: If BTTBTC loses momentum and closes below 24 satoshis, then the above signals are invalidated.

If it moves down, we wait for the bounce and remain bullish long term.

Namaste.

Comment:

Binance is having a competition tomorrow for BitTorrent. This can affect the price, prepare for some swings.

Here are the details:

"BTT Trading Competition, 200,000,000 BTT To Give Away!

"Promotion period: 2019/02/22 0:00 AM to 2019/03/01 0:00 AM (UTC).

"To celebrate the successful launch of BTT on Binance Launchpad, we have, together with the BTT Team, committed a total of 200,000,000 BTT in prizes to give away to our users worldwide!"

Full details: support.binance.com/...rticles/360024009892

Comment:

BitTorrent (BTTBTC) price can drop before and during the competition to allow for higher trading.

The price can jump when the competition is over and the winners are paid. Still, we follow the charts.

You can find our buy-in, 2nd entry (next support) and additional details in our BitTorrent full trade.

Use the comments section below if you have any questions.

Namaste.