Target short & stop set on chart as Burkowski’s Adam and Eve double bottom theory coupled with volume index seems to indicate a parabolic surge pending confirmations.
BTT is usually one of the lesser Alts (in terms of volume accumulation) so if there is any, usually that alone is in itself a powerful indication of some sort of major priceaction.
An amazing opportunity for a quick short as the overall price on BTT is astonishingly low making it a high-risk/high-reward type entry, though the platform in itself (Bitorrent) is well renown && maintains a strong reputation; bear in mind it has been around since before BTC/Blockchain years before 2009.
Nevertheless it has strived on its less-than-ethical business model and this service was born to be on the blockchain its practically written all over it from its very infancy, BitTorrent was clearly an innovation fostered ahead of its time.
It is for this very reason that I’m writing about it and posting/publishing TA as I tend to avoid the lower market cap coins with the exception of those certain coins & tokens that have solid whitepapers/roadmaps or are projects I firmly believe will be successful ushering in the decades to follow: i.e. omisego (more on that later) but I digress.
Market volatility is at an all year high. Technical analysis is always subject to change; never forget that & always remember to set your stop losses. Any projections for figures or targets/TA are solely for entertainment purposes and not to be misconstrued as financial advise. Let me reiterate: this is NOT financial advise!
BTT is usually one of the lesser Alts (in terms of volume accumulation) so if there is any, usually that alone is in itself a powerful indication of some sort of major priceaction.
- The double bottom is just the confirmation to validate the initial volume indicator.
An amazing opportunity for a quick short as the overall price on BTT is astonishingly low making it a high-risk/high-reward type entry, though the platform in itself (Bitorrent) is well renown && maintains a strong reputation; bear in mind it has been around since before BTC/Blockchain years before 2009.
- Initially a torrenting service; BTT’s privacy and piracy issues made it the subject of widespread criticism and several class action lawsuits to this day.
Nevertheless it has strived on its less-than-ethical business model and this service was born to be on the blockchain its practically written all over it from its very infancy, BitTorrent was clearly an innovation fostered ahead of its time.
It is for this very reason that I’m writing about it and posting/publishing TA as I tend to avoid the lower market cap coins with the exception of those certain coins & tokens that have solid whitepapers/roadmaps or are projects I firmly believe will be successful ushering in the decades to follow: i.e. omisego (more on that later) but I digress.
- Trade safely; set your stop losses. Peace & Love.
- Disclaimer
Market volatility is at an all year high. Technical analysis is always subject to change; never forget that & always remember to set your stop losses. Any projections for figures or targets/TA are solely for entertainment purposes and not to be misconstrued as financial advise. Let me reiterate: this is NOT financial advise!
