Long
BTTUSDT Aiming at a new ATH

See chart description.
Note
Sorry I mean I am not trying to be biased, but's it's hard to ignore these extremely bullish patterns.Note
Looks like BTT got rejected exactly at the resistance of the blue triangle. Possible slow dump until lower support is reached and then breakout. However, if volume kicks in at anytime, it might not even reach the lower support.Note
So far everything seems to be on track. CMF Indicators keeps going up while price is consolidating inside of a bull flag/pennant (depending on the time frame you're looking at, daily is a horizontal bull flag, 4hr and 3hr it's a pennant). Volume is still low despite some spikes, which is what we want to see during the flag/pennant part. If you're worried about volume, don't worry, it will come during the breakout. Beside the bullish chart patterns, we can see CMF (indicating money flow) keeps shooting up, which is the most bullish indicator at the moment giving the short history of the token. CMF indicates that money is flowing in and that interest in the asset is increasing. Other indicators, we can see the Stoch and Stoch RSI on 4hr chart, both in the oversold region.
Most indicators indicate an incoming breakout, and signals seem to tend toward a bullish breakout.
Note
If you are interested in the target, a likely target is 45-46 satoshis. The target for the BTTUSDT chart varies based on bitcoin, so a target in satoshis is better.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.