Crypto Contest March 18: BitTorrent

BitTorrent (Binance: BTTUSDT) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, BitTorrent began a wave one advance on January 31 this year. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 5, and the red wave two (blue sub-waves a-b-c) correction ended on March 8. If this wave count is correct, BitTorrent should be heading next towards the February 5 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

BitTorrent aims to tokenize the decentralized file-sharing protocol with their cryptocurrency asset. You can find some more details from

About the author: Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.