✴️ BiTorrent | 66.66% & 204% First... (Name Your Altcoin #23 ✅)

9 Feb 2023

It has been years since we looked at BitTorrent, BTTUSDT, a cryptocurrency that we got to trade as soon as it was launched and boy, we had a wild ride, up and down, down, down and down...

 Right now it is looking up.

I have great news for you if you are a BitTorrent fan, trader or holder, all the signals are good for a bullish breakout to take place.

Let's review them together, shall we?

First is the mid-June 2022 low, this is the "bottom".

The drop that happened in November to recover in January, marked here with a yellow "cup" like pattern is just the liquidity hunt event, the stop-loss activation move, the final shakeout.

As BTTUSDT moves back above the June 2022 low, technically you could count the whole period as the accumulation phase.

Even if you ignore all of this the last shakeout is a strong bullish signal.

If prices stay below the June 2022 low, it would be strongly bearish and definitely lead to lower prices, now that we are back above the picture changes completely.

Last week a Doji appeared, red, with really high bearish volume, yet this week we are green. Translation, all selling pressure was absorbed by the bulls.

Trading volume has been going up massively lately, this can also be seen clearly on the chart.

I was going to go a bit deeper but this is enough.

The entire cryptocurrency market is interrelated, connected and we know this to be true just by looking at past history.

Hundreds of pairs/charts that I shared recently have the exact same pattern but already above EMA10, EMA21, EMA50, etc.

As the market is connected, BTTUSDT will follow and do the same.

We are set to grow and this is good... 66.66% is the first main target and over 200% mid-term.

There will be more of course, but we start shy and conservative and expand as the market grows.

I hope you enjoyed the analysis.

I appreciate your support.

Namaste.