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BTTC/USDT Inverse Head and ShoulderWhat is Inverse Head And Shoulders Pattern? Formation of the head and shoulders pattern in trendline indicates a reversal in uptrend. Similarly, an inverse head and shoulders pattern appearing in a downtrend is indicative of bearish to bullish reversal. Like head and shoulders pattern, the inverse head and shoulders also appear in all time frames and is easy to spot. An inverse head and shoulders pattern forms when the price of an asset falls to a trough, then rises, falls for the second time, but this time the fall is steeper than the first. The price rises again and drops for the final time Key Takeaways The inverse head and shoulders formation is similar to head and shoulders formation, but only reverse It shares many characteristics with head and shoulders – of three troughs with the first and second being shallower than the middle one Inverse head and shoulders pattern appears in the downtrend The formation signals a bull market and traders enter a long position once the formation is complete Traders look for a steep price rise once the third rise breaks through the neckline How To Read An Inverse Head And Shoulders Pattern Inverse head and shoulders pattern indicates the end of bearish phase and onset of an uptrend. Traders enter a long position when the up breaks through the resistance line. They would look for a rise in volume to confirm the trend change. Inverse head and shoulders pattern appears frequently in the trendline, and since it shares many characteristics with the head and shoulder in an uptrend, it is also interpreted the same way.
Long
by BabarLaghari
5
LPT vs THETA - The Future of Video, Storage, and LivestreamingBack in 2020, YouTube's #1 Creator, PewDiePie (Felix Kjellberg), announced that he would start streaming on DLive -- one of the first "working" crypto-based livestreaming service at the time. "Working" is in quotes since the partnership didn't last very long (YouTube eventually signed an exclusive rights deal with Kjellberg) and whether or not the platform is actually decentralized and censorship resistant is somewhat debatable. DLive later moved its platform onto TRON (under Justin Sun) -- then was later acquired by BitTorrent and now uses BTT as its currency layer. There's a whole story behind that whole series of transactions too (including the rise and fall of DTube), but we'll stay focused on the crypto livestream/video market for now. Right now the two big contenders in the crypto livestream/video markets are Livepeer (LPT) and Theta (THETA). Both projects claim to be the future of video -- which is decentralized, ubiquitous, and always available at any time. Livepeer is an open-source platform where anyone can build anything on top -- whereas Theta (founded by former YouTube co-founder, Steven Chen) is more of an enterprise-driven project with the backing of well-known, major companies out there. The differences in style and how they talk about themselves as a project is pretty stark, to say the least. Right now the biggest bottleneck in the NFT market is storage and bandwidth capacity -- it's no secret that we live in a world where most people come to expect video as their primary source of content, but due to technical limitations (video, especially livestreaming, requires an exponentially higher amount of bandwidth/space) a lot of NFT projects out there avoided the issue by simply scaling down to simple images of apes, punks, and rocks. Most people working in content know, however, that video is where things need to eventually go, but in order for that to happen, there needs to be major upgrades done on the backend in order to accommodate the massive amounts of bandwidth that video systems require. Web3 is only just getting started, in other words. Filecoin (FILE) and Theta have a similar pattern since they both tend to target enterprise-level customers as their main focus, where as STORJ has a similar pattern to LPT and ETH since they're more open-sourced and decentralized. The patterns and where the money is coming from seem to be very clear, here. Which will win out in the end? We don't know, yet. It's doubtful that the viewer really cares about where their content is coming from or how it's hosted -- the platform that entertains them the most is probably where they will go. In a way, this is just the eternal contest between small vs big production values -- maybe there may be room for both in the future. Which platform will create the most interesting content?
COINBASE:LPTUSDLong
by RyanTanaka
BTT still in playBINANCE:BTTUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets ➡️Come back in to white uptrend channel and retest 0.38 level fib ➡️MACD - bullish ➡️Mood on market in cold green zone, good indicator for accumulation Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
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by Crypto4light
4
BTT Price Updates and Mainnet LaunchBINANCE:BTTUSDT Today we will see #BTTC Mainnet Launch #BTT Redenomination Plan will redenominate old #BTT and swap with the new at 1:1000 ratio. This is possible move by this news for BTT retest middle line downtrend channel, and going inside upside trend channel to the next target 0.38 on global fib since May. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
BLong
by Crypto4light
$BTT everything will changes 12 DecemberBINANCE:BTTUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. #BTTC Mainnet and #BTT Redenomination Plan will be launched on Dec 12, 2021! We trade in RED downtrend channel, and by this news we going out of middle line this channel and start coming back to white uptrend channel. If we hold this level and continue trade inside white one after 12 December it possible to see BTT will going to test 0.38 level Fib the price target is. 0.006 We see big green candles volume on 1D and 4H. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
BLong
by Crypto4light
BitTorrent Chain will launch on Oct 30!The upcoming BitTorrent Chain (BTTC) will be a cross-chain scaling solution that interconnects TRON, Ethereum, and BSC. On top of providing global mainstream blockchains with practical scaling solutions, more importantly, it will deliver heterogeneous cross-chain communication that is decentralized and free of trust, ushering in a new era of “connecting all chains”. Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally. Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide. The BTT logarithmic chart shows a large upward channel. The price is near the support zone (line and support level). An upward movement - consolidation - continuation of the uptrend. Best regards, EXCAVO
BLong
by EXCAVO
27