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.
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I follow BitTorrent on BTTUSDT. I think we may have a little retrace like this: