BTT / BTC technical analysis [BINANCE]

BTT / BTC technical analysis [BINANCE]

By MrBullishSail | TA crypto market | 18 May 2019


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BTT seen from the temporality of 1D we can observe how the last candles have made a reclaim of the important support located in the 14, this after making the rupture to the rise of the descending wedge, for the moment the current candlestick is kept testing the support, if we manage to stay up we could continue to see the price rise more without any problem, the take profits we can see in the image above, being our first target in the 20, while the second take profit we have located within the price range of 29 - 30.

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BTT seen from the temporality of 4H we can see how the price is managing to stay above the support, I have placed a dotted line indicating the possible area where a throwback could occur, at the moment the trend continues.

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BTT seen from the temporality of 1W we can see more clearly the growth that has given the price in this week thus managing to break the chartist figure.

have an important fundamental for BTT on May 30, will strengthen the network and increase its scalability, the news is very close, could be what has caused the current upward movement of BTT, also remember that Bittorrent speed must be launched during this second quarter, approaching closer and closer the end of this quarter will increase the demand for BTT which will cause an increase in its value.

In conclusion, I see BTT strong for the next few weeks, with an increase in demand I see it rising to its historic high, even higher, is currently giving an excellent signal to buy after breaking the wedge up, it still has much more percentage to give.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

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MrBullishSail
MrBullishSail

Technical Market Analyst Crypto trader Website: https://www.buymeacoffee.com/XCdmEAZnD Twitter: https://twitter.com/armijogarcia


TA crypto market
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