BTT-BTC-Binance-1440m-chart-03-13-2019-1

Premium Trading Group Call No. M004

Bittorrent Token | BTT/BTC

Direction: Long

Chart: BTT/BTC TradingView Idea

Exchange: Binance

Entry: 17-19

Take Profit Targets: 22-24-27

Stop Loss: 14

Risk: -22.37% (Risk: 3% of Account)

Use Position Size Calculator to Adjust Position Size for Risk.
Risk % {USD Value} / Distance to Stop {Decimal Value} = Position Size

Time Horizon: Mid-Term (1-2 Weeks)

Justifications:
1. BTT and TRX have been the quietest coins on Binance during this early alt season. I fundamentally expect them to put in significant moves once they've been sufficiently accumulated.
2. Not many positive technical indications on the daily chart .
3. The 8HR Chart looks much better however. Waddah Attar Bullish above explosion level, Fisher above Zero line.
4. This is a trade based off Sector Analysis rather than pure Technical Analysis .
5. Looking back at my past analysis of BTT , I expected this drop down into our demand zone . The zone of liquidity below a previous swing low during the rally.

8HR Candlesticks
Daily Heikin Ashi

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