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#BB
My new indicator (oscillator), based on market structure shifts and breaks suggests a higher bearish probability
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#BTTC Possible Outcomes of BitTorrent Halving on Its Price The halving event can have several possible outcomes on BitTorrent's price: Increased Scarcity: If the halving successfully reduces the rate at which new BTT tokens are created, the reduced supply might lead to increased scarcity. If demand remains constant or grows, this could lead to a price increase. Market Anticipation: Leading up to the halving event, there might be increased speculation and buying activity, as investors anticipate a price rise post-halving. This speculative activity can drive up the price in the short term. Network Effects: If the halving is accompanied by increased utility or adoption of the BitTorrent network and its services, the price of BTT might rise due to the perceived increase in the token's intrinsic value. Post-Halving Correction: In some cases, after the initial price surge due to speculation and anticipation, there might be a correction where the price stabilizes or even drops. This is because the actual impact of halving on supply might take time to materialize, and short-term traders might sell off their holdings. Impact on Network Participants: If the rewards for network participants are significantly reduced, it might affect their participation levels. A decrease in participation could impact the network's performance and, in turn, the value of the token.
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Is it worth investing in Beta Finance #BETA
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#BTC Could the next move of the king be a revisit to its ATH? The probability of BTC being in wave 4 (WXY correction) is high, and it is either completed or about to be completed. Once the correction is over, we may expect the 5th wave to form. The 5th wave is usually anticipated to appear with divergence. Overall, I do not expect BTC to moon at the moment. Even if a new ATH is suggested, this move could be the first wave in a higher wave structure with a probability of touching or slightly breaking the ATH. $BTC
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#BTTC Weekly Outlook There are several indications where the price may find support on the weekly chart. The price is almost touching: - The 50-period simple moving average - The lower band of the Bollinger Bands - The SuperTrend support level on the daily timeframe, the price is at the point of control level which is a strong level of support $BTTC
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