Free Cryptocurrency Trading Signal Setup 3-13-19: BTT/BTC
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.
