BTT, fake out or breakout?
Today BTT was making a huge move with a lot of volume, but not enough volume, as compared to the previous days.
A falling wedge can be drawn on two occasions and it also seems as BTT was bottoming out.
The MACD gives us a buy signal (cross), while the STOCH RSI still needs to break through 70.00 and 80.00.
Once it breaks through it, with enough volume we can expect BTT to finish in the 10-11 Satoshis, heading up to 12-13 Satoshis or potentially more in the long-term.
In case it doesn't move above 10 Satoshis and stays between 9-10 Satoshis, expect some more sideways movement. And after testing the 11 Satoshi today, BTT might test these levels once more tomorrow or in the days to come. However it is important that the volume is more decisive, even though (and that should be noted too) the volume for today on a Saturday looks really good.
STOPLOSS: 7 Satoshis
FIRST TARGET: 11 Satoshis
MAXIMUM SHORT TERM TARGET: +/- 13 Satoshis
A falling wedge can be drawn on two occasions and it also seems as BTT was bottoming out.
The MACD gives us a buy signal (cross), while the STOCH RSI still needs to break through 70.00 and 80.00.
Once it breaks through it, with enough volume we can expect BTT to finish in the 10-11 Satoshis, heading up to 12-13 Satoshis or potentially more in the long-term.
In case it doesn't move above 10 Satoshis and stays between 9-10 Satoshis, expect some more sideways movement. And after testing the 11 Satoshi today, BTT might test these levels once more tomorrow or in the days to come. However it is important that the volume is more decisive, even though (and that should be noted too) the volume for today on a Saturday looks really good.
STOPLOSS: 7 Satoshis
FIRST TARGET: 11 Satoshis
MAXIMUM SHORT TERM TARGET: +/- 13 Satoshis
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