Bitway rockets 250% in a month—time to short?
The cryptocurrency Bitway (BTW) is up nearly 40% in a single day and 250% over the last month, trading around $2.50 with a market capitalization of almost $4 billion.
It has climbed to the 32nd‑largest digital asset after overtaking Bittensor, Shiba Inu and Cronos.
Analysts note eight consecutive green candles, an RSI that has surged past 80, and a double‑top near $2.75‑$2.80, all pointing to extreme overbought conditions.
Zayn advises a hard correction to $2 and below, keeping stop‑losses above $3.50.
UMER flags a short setup in the $2‑$2.05 zone and warns of potential manipulation, as the top 10 addresses control more than 96% of BTW’s supply.
Are you prepared to place a short on Bitway given these red flags?
#Crypto #Altcoin #Bitway #ShortSelling #RSI
The cryptocurrency Bitway (BTW) is up nearly 40% in a single day and 250% over the last month, trading around $2.50 with a market capitalization of almost $4 billion.
It has climbed to the 32nd‑largest digital asset after overtaking Bittensor, Shiba Inu and Cronos.
Analysts note eight consecutive green candles, an RSI that has surged past 80, and a double‑top near $2.75‑$2.80, all pointing to extreme overbought conditions.
Zayn advises a hard correction to $2 and below, keeping stop‑losses above $3.50.
UMER flags a short setup in the $2‑$2.05 zone and warns of potential manipulation, as the top 10 addresses control more than 96% of BTW’s supply.
Are you prepared to place a short on Bitway given these red flags?
#Crypto #Altcoin #Bitway #ShortSelling #RSI