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BTT

BTT/USDT mid and long term setupBTT/USDT pair is forming a cup and handle on the 1D timeframe. The pattern has been formed after a strong bullish trend as evident by the nice support of EMA 20 along with RSI resistance at 50 The volume is declining in the handle which again is in favor of pattern The pair is likely to trade in handle for sometime before breaking out upwards. Enter long position post breakout during the handle resistance re-test Ensure that volume is in an up-trend before buying
BLong
by kipawa
2
🔥 BTT Preparing For Strong Bullish MoveBTT has been crawling up for almost two weeks now. This is relatively unexpected because BTT is one of those coins which has a lot of volatility in its nature. When you scroll back the chart you see what I mean. Relative to Bitcoin, BTT has been underperforming. Last night's sell-off might trigger BTT to make up for past gains and shoot up. Seeing that the past two days there were some massive bullish wicks, I'd argue that there's a lot of big buying power behind this asset at the moment. A great short- to mid-term investment. Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence. Happy trading!
BLong
by FieryTrading
36