BitTorrent in EQ!
Hello dear crypto friends, hope your Wednesday is going well! :)
BitTorrent has doubled since its listing from .5 to .1 and is currently inside this Daily EQ around the ranges of 10,5 & 8,3 if we take the important candles & wicks. We currently have the 3rd Doji on the Daily at the bottom support.
For the case this breaks bearish, it's not very interesting from a low volume perspective. But should the bulls be able to defend it, we can look for the top of the EQ. BitTorrent has currently some fuzz going on: Fundamentals could lead to higher gains, since we don't have a huge market cap yet: It doesn't take much money to drive it higher. But in any case, always look at correlation to the whole crypto sector & especially sector leader, grandpa Bitcoin.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
BitTorrent has doubled since its listing from .5 to .1 and is currently inside this Daily EQ around the ranges of 10,5 & 8,3 if we take the important candles & wicks. We currently have the 3rd Doji on the Daily at the bottom support.
For the case this breaks bearish, it's not very interesting from a low volume perspective. But should the bulls be able to defend it, we can look for the top of the EQ. BitTorrent has currently some fuzz going on: Fundamentals could lead to higher gains, since we don't have a huge market cap yet: It doesn't take much money to drive it higher. But in any case, always look at correlation to the whole crypto sector & especially sector leader, grandpa Bitcoin.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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