Possible dip to retest support at ~20 then 35 to 100-2000 sats
Updated
- Top of the triangle would give us 35/36.
- ABCD conservative would be 45
- ABCD from the very beginning would be 50/51
- Repeating the move from the beginning til now @ 500%+ from the 20 sats new support level, would be 100.
- 100 is also the 2.618 fib extension.
Fundamentals:
Bare in mind, the circulating supply for BTT is currently at 89billion or so. Thereby only an $80-90m market cap.
Source: info.binance.com/en/currencies/bittorrent(btt)
So there's plenty of room to run up here. 5x (100sats) would take us to 400m or so. Which is approx $1 per user on BitTorrent. Or we could go 10x to 200sats, for half the current value of Tron.
Also, this is such a new coin, it hasn't had an irrational initial bull run yet.
ie. Tron took 12weeks to turn 17 sats into 2000+ before crashing back down.
Good potential for an early bird special here.
- ABCD conservative would be 45
- ABCD from the very beginning would be 50/51
- Repeating the move from the beginning til now @ 500%+ from the 20 sats new support level, would be 100.
- 100 is also the 2.618 fib extension.
Fundamentals:
Bare in mind, the circulating supply for BTT is currently at 89billion or so. Thereby only an $80-90m market cap.
Source: info.binance.com/en/currencies/bittorrent(btt)
So there's plenty of room to run up here. 5x (100sats) would take us to 400m or so. Which is approx $1 per user on BitTorrent. Or we could go 10x to 200sats, for half the current value of Tron.
Also, this is such a new coin, it hasn't had an irrational initial bull run yet.
ie. Tron took 12weeks to turn 17 sats into 2000+ before crashing back down.
Good potential for an early bird special here.
Note
4hr Stoch is showing a potential bottom, plus we're right at the end of my triangle. 
If we don't break up within the next 24hours; i'd imagine we're going sideways until a slow decline to retest 20. And perhaps we'll then move up with Tron once the hard fork is done on the 28th?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.