BTC$63 645.44


ETH$4 139.22


Binance Coin








Bytom (BTM): Look For the Double Spinning Top

Since the inception of the bear market in 2018, Bytom (BTM) hasn’t been much of a performer as its all-time ROI went down to -47% after the recent two dumps in September and October. Even the DeFi frenzy, and the latest resurgence of Bitcoin (BTC), weren’t much of a help in terms of pushing the price to some new heights.

1-week BTM/USDT chart

The buyers do organize rallies from time to time, but their efforts weren’t sufficient enough to push the price out of a seemingly perpetual downtrend, with the last lower low on the macro time frame (weekly chart) being at $0.0312, which is also the all-time low. Not surprisingly, Bytom’s performance profile, which covers the past year, is colored red:  

The weekly chart above demonstrates the BTM is undergoing tough correction after the summer bull rally that had run its course in the last week of August. As of this writing, Bytom’s price stands at $0.058, following the 7% drop in a week (USD) and 10% (BTC). It sits at the 103rd spot in global ranks with a market capitalization of $81.3 million, having dropped from $97.5 million since the beginning of the month.

So, why bother with this backwater altcoin, one might ask? The thing is that over the past two years, Bytom has shown a proclivity to some very explosive price action to the upside that was nearly always preceded by either a double or a triple spinning top (doji) pattern on the weekly chart during the period of consolidation or at the bottom of the correction. And when this pattern plays out, a spike to the upside could be truly enormous, like the one that occurred last October when the coin gained 332% in just seven days.

Surely, BTM doesn’t always pump as hard as then, but the gains are substantial, enough to consider this altcoin for a swing trade with a good risk/reward ratio, because when Bytom engages in a rally, it rarely retraces more than 20% - 25%, whereas its gains constantly amount to triple digits. Besides, as you can see, the trip to the upside regularly commences with the same candlestick pattern, thus making it super easy for a swing trader to pick an entry point.

Obviously, now isn’t the best time to enter this market because the sellers are visibly pressurizing the price to the downside, with each weekly candle opening below the previous one. There is a distinct possibility of bears dropping BTM by another 30%, even 40%, to the macro support line at $0.0351, but the position of Stochastic, which has almost reached the bottom of the oversold area, hints at the approaching reversal, possibly somewhere near $0.047 - $0.05. But it’s most likely that Stochastic will stay in the oversold zone for some time while Bytom makes its way to the interim bottom and then consolidates there for two or three weeks, with consolidation taking the shape of two/three spinning tops or dojis, appearing in succession.

Author: Alex Paulson for


Bytom (BTM) Seeks the Bottom of the Retracement
Bytom (BTM) Seeks the Bottom of the Retracement
Bytom (BTM) Goes Up Slowly But Steadily
Bytom (BTM) Goes Up Slowly But Steadily

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 64% 82 $63 645.44 -1.99% 7.33% $1 199 774 552 258 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.8% 59 $4 139.22 -1.75% 9.78% $488 553 235 728 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 65.6% 64 $494.18 2.27% 7.35% $82 429 849 478 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 90% 12 $2.19 -2.26% 1.61% $72 047 004 298 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 94.8% 1 $1.000114 0.05% -0.02% $69 621 041 076 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 71.2% 53 $208.99 12.31% 31.86% $62 869 603 263 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 76.4% 50 $1.11 -2.14% -0.86% $51 997 973 203 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 60.8% 76 $45.63 4.21% 15.04% $45 063 591 577 DOT 7 days price change
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10 USD Coin (USDC) USDC USD Coin predictions 94% 1 $1.000179 0.05% 0% $32 371 720 899 USDC 7 days price change
11 Terra (LUNA) LUNA Terra predictions 68% 63 $44.81 8.47% 21.75% $17 994 078 265 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74.8% 55 $26.75 -0.32% 4.19% $16 363 172 636 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 68% 64 $65.76 6.17% 19.69% $14 486 666 348 AVAX 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 61.2% 82 $63 639.39 -2.08% 7.19% $14 070 224 774 WBTC 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 69.6% 56 $199.17 -2.89% 10.96% $13 703 410 012 LTC 7 days price change

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