Chart shows common supports and resistances based on the fibonacci and price action. The total evaluation for BTT is bearish. The price itself was not able to produce any higher high despite being oversold in the daily timeframe from the Relative Strength Index. This shows that the asset itself is not capable of sustaining above the soft support in an overall market bear trend of BTC. When the market is bullish, it only lingers in the consolidation range above the 0.236 and below the 0.0382.
One can long this asset during a bull cycle from a respectable buy order standpoint, but the better strategy is to short it based on past references of resistance as this will give you a much better chance of being profitable until proven otherwise.
One can long this asset during a bull cycle from a respectable buy order standpoint, but the better strategy is to short it based on past references of resistance as this will give you a much better chance of being profitable until proven otherwise.