Long
BTTBTC Correction Wave Analysis
$BINANCE:BTTBTC
BTT is currently in a correction wave.
Price movement is tight and looks like to be forming a Elliott triangle wave. Looking for a thrust out of the triangle to the upside to finish wave B.
A shallow wave C should follow with support at the 0.00000029-0.00000028 level if we are to see any signs of strong bullish behavior before resuming the previous trend.
This will also form the cup and handle pattern.
If those levels does not hold, then we will see a deeper wave C looking for support at 0.00000025 and then 0.00000021.
BTT is currently in a correction wave.
Price movement is tight and looks like to be forming a Elliott triangle wave. Looking for a thrust out of the triangle to the upside to finish wave B.
A shallow wave C should follow with support at the 0.00000029-0.00000028 level if we are to see any signs of strong bullish behavior before resuming the previous trend.
This will also form the cup and handle pattern.
If those levels does not hold, then we will see a deeper wave C looking for support at 0.00000025 and then 0.00000021.
Nota
Looks like we won't get the thrust out of the triangle to the upside and wave C has started to the lower support levels.Nota
Nice tag at the lower support and consolidating againNota
Dipped down slightly but 21 support level held nicelyNota
Taking a quick short sell here on USDT side to accumulate more BTTSold at 0.0008455
Buy back at 0.0007751
Will stop out and buy back in above 0.0008655
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.