Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.
It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Each candlestick will display BTT’s opening price, closing price, as well as the highest and lowest prices that BitTorrent reached within the 1-hour period. The chart is divided into “candles” that give us information about BitTorrent’s price action in 1-hour chunks. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. 1-hour, 4-hour and 1-day candlestick charts are among the most popular. Traders can view candlesticks that represent the price action of BitTorrent with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. Most traders use candlestick charts, as they provide more information than a simple line chart.
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How to read BitTorrent charts and predict price movements? Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the BTT price. Conversely, a drop below an important moving average is usually a sign of weakness in the BTT market. If the BTT price moves above any of these averages, it is generally seen as a bullish sign for BitTorrent. The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.ĥ0-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). For example, a 12-day simple moving average for BTT is a sum of BTT’s closing prices over the last 12 days which is then divided by 12. As the name suggests, a moving average provides the average closing price for BTT over a selected time frame, which is divided into a number of periods of the same length. Moving averages are among the most popular BitTorrent price prediction tools. When trying to predict the BitTorrent price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. These tools can roughly be divided into indicators and chart patterns. Similarly, BitTorrent resistance levels are at $ 0.0000008975, $ 0.0000009202, and $ 0.0000009657.īitTorrent traders use a variety of tools to try and determine the direction in which the BTT market is likely to head next. Traders use the trend indicator to discover short-term overbought or oversold conditions. Weekly Exponential Moving Average (EMA) PeriodĪn oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. BitTorrent Predictions for years 2023, 20 Based on Tech Growth
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Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our BitTorrent forecast, it's now a bad time to buy BitTorrent.ĭisclaimer: This is not investment advice. BitTorrent recorded 12/30 (40%) green days with 12.42% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 19 (Extreme Fear). Moreover, For some markets we offer depth, it is the amount that is available for trading at +/- 2% of the current BitTorrent market price.According to our current BitTorrent price prediction, the value of BitTorrent is predicted to drop by -0.69% and reach $ 0.0000008349 by July 10, 2022. * The Volume by Exchange is the total number of trades that took place for this coin. * BitTorrent stock symbol is BTTC, with this symbol it's traded on all cryptocurrency exchanges in our base.
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