BitTorrent Price: BTT USD Live Chart

BitTorrent price – BTT USD live chart to study emerging patterns and price momentum. Chart references BitTorrent price BTT USD live from Binance exchange.

About BitTorrent (BTT):

BitTorrent (BTT) USD Price live chart, real-time price feed and graph

BitTorrent is a decentralized peer-to-peer file-sharing protocol that uses the Tron blockchain TRC-10 token – BTT – as a utility token to access features on the platform. BitTorrent was purchased by TRON blockchain in July 2018. Since the acquisition, BitTorrent added its native token – BTT that unlocks features such as BitTorrent Speed, BitTorrent File System, DLive, etc.

Helpful technical indicators to study BitTorrent (BTT) USD price movement:

Technical Analysis through the use of charts or volume helps to forecast future BitTorrent (BTT) USD price trends, however, do remember always that analysis can’t make absolute predictions about the future. Therefore, trade with caution.

The following are some of the technical indicators which could be useful for anticipating the most likely BitTorrent – BTT USD – price movement.

Moving average convergence divergence (MACD)

MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD called the “signal line” is then plotted in addition to the MACD line which together functions as a trigger for buying or selling an asset – BitTorrent (BTT).

Traders may buy BitTorrent (BTT) when the MACD crosses above its signal line (orange line) and sell, or short, the BitTorrent – BTT – cryptocurrency when the MACD (blue line) crosses below the signal line.

Another MACD strategy is to look at which side of zero the MACD lines are. Potential buy signals occur when the MACD moves above zero, and potential sell signals when it crosses below zero – Above zero for a sustained period of time, and the trend is likely up or Below zero for a sustained period of time, and the trend is likely down.

Relative Strength Index (RSI)

RSI is an indicator that evaluates overbought or oversold conditions in the price of an asset. The RSI is a line graph that moves between two extremes and has a reading from 0 to 100. Traditional usage of the RSI is that:

  • RSI values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience correction in the asset – BitTorrent – BTT USD – price.
  • An RSI reading of 30 or below indicates an oversold or undervalued condition.

Moving average (MA) of BitTorrent price BTT USD

MA is the average of the closing USD price of an asset – BitTorrent (BTT) over a given number of periods. The 200-day simple moving average is one of the most-watched activities in the price charts by mostly all experienced traders. There are two basic signals in relation to the moving average:

  • If the price is above the X day SMA, this signals a bullish movement.
  • If the price is below the X day SMA, this signals a bearish movement.

MA(50,200) Crossover

Another important signal is a crossover between the 50-day and the 200-day moving averages.

  • When the 50-day Moving Average (MA) crosses above the 200-day MA, it is called a golden cross and it signals that a new bullish BitTorrent (BTT) USD price trend is starting.
  • A bearish crossover (where the 50-day MA crosses below the 200-day MA) is known as the death cross. This is a sign that a bear market may be starting.

On-balance volume (OBV)

OBV is another technical trading momentum indicator that uses volume flow to predict changes in the stock price. A rising price should be accompanied by a rising OBV; a falling price should be accompanied by a falling OBV.

  • If OBV is rising and the price isn’t, then the price is likely to follow the OBV.
  • In case the BitTorrent token – BTT USD price is rising and OBV is flat-lining or falling, the price may be near a top.
  • If the BitTorrent (BTT) USD price is falling and OBV is flat-lining or rising, the price could be nearing a bottom.

Chart Patterns

  • Head and Shoulders
  • Cup and Handle (bullish)
  • Triangles (Symmetrical, Ascending and Descending)
  • Double top and bottom [M (bearish) and W (bullish)]
  • Triple Tops (bearish) & Bottoms (bullish)
Latest Crypto Fear & Greed Index

The above index uses the following factors to measure market sentiment. These are – Volatility, Market Momentum/ Volume, social media, Surveys, Dominance, and Google search trends.

There are two ways to read the index:

  • Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
  • When Investors are getting too greedy, that means the market is due for a correction.