There is a BitTorrent competition on Binance which is pointing to a drop, with BitTorrent (BTTBTC) now trading below EMA10 on the daily time frame.
We can expect BitTorrent to go down until the end of the competition, at which point it can start to bounce, certain criteria are needed for this scenario to happen, read below:
BTTBTC needs to break below 22 satoshis for it to test the 17-18 range.
If BTTBTC instead moves up and closes above EMA10, then we can expect to see 25 satoshis working as resistance. If this level breaks it goes straight to 27.
20-22 Satoshis is the next target.
Wait for the price to drop before buying-in or buying more.
Note: This is not a piece of trade advice. My trades are clearly marked and contain buy-in, targets, and stop-loss.
Remember to hit like to show your support.
Type any questions you have in the comments section below. I will be happy to answer.
Thanks a lot for reading.
Namaste.
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We continue on the same trend. I will share a new post if I see a change of course.
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We remain bullish AFTER THE DROP.
I am still tracking this for us (me and you), I will share a new update with buy-in suggestion as soon as the retrace is complete.
Dear Alan! It is totally great to have subscribed in your channel! I want to thank you a lot for your absolutely great analysis and informations! Have a great time and success on trading! Many greetings from Austria! NEMASTE! Manuel
AlanSantana
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@kissmanu, Thanks a lot, your message is appreciated.