BitTorrent Reaches Bottom? Change Of Trend Coming!

BitTorrent (BTTBTC) reached bottom... This is the theme of today's analysis... Let's take a look.

BitTorrent was launched/added to Binance and the opening price was 6 satoshis. Just two days ago BTTBTC hit a new all-time low at 5 satoshis, to me, this marks BitTorrents bottom.

Once you are down, the only place left to go is up.

You can't go any lower than the bottom...
You can stay there for a while, you can doubt you can stop the growth... But once you are down, all that is left is to go back up.
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Trading volume has come to a halt. While BTTBTC remained bearish, moving lower, there is no trading volume.

RSI hit oversold. There are no sellers left and the RSI is already moving up sitting now at 42.

MACD bullish divergence. The bullish divergence on the MACD has been building up since May. We are now seeing a young bullish crossover.

Above-average daily volume. If you zoom to today's candle, the daily volume is going green and above average.

Bitcoin strong drop had no effect on BitTorrent. Bitcoin made a huge retrace, great momentum on the drop for the past three days, yet BTTBTC grew in price or remained the same...

This also happened for Wanchain and QuarkChain, see the charts below:

WANBTC:

QKCBTC:

We reached the end of the road... For now, we buy and reload.
It doesn't matter what happens at this point just buy and hold. Buy and hold, is all I say...
We will see in a few short weeks when the market goes our way.

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We will do the same by sharing more content for you all.

This is Alan Masters.

Namaste.

Comentarios:

I am feeling BitTorrent today... Same chart but just getting the feeling...

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