From 10 April to 21 April, the price is moving between 0.0091 and 0.0076 which are the 38.2% and 50% of fib retrenchment. Due to BTC crushed and the news announced on 22 April, the price drop heavily to 0.0042, but 78.6% of fib retrenchment holds it strongly to the upside. From there the price is moving between 50% (0.0076) and 61.8% (0.0062) of fib...
On 22 April, the news and BTC crushed have caused BTT to have a huge fall to 0.0041 (Point A), but the level of 78.6% of Fib Retrenchment holds it strongly to the upside.
On 25 April, the price retrenches to point B which is 0.0058 and also 61.8% of Fib Retrenchment. This is expected as my previous analysis.
Yesterday, the price respect the EMA 200 at point C...
Based on the analysis that I posted yesterday, it breaks the major pump line and currently falls at the support level at 0.0070 - 0.0073. This level (50% Fib Retrenchment) has very strong support which holds the correction throughout the days. Therefore, I expect the price will go up from this support level to the previous high at 0.010.
However, due to the BTC...
This is my first time analyze the chart myself in trading view. I still need to learn a lot from all of you, do drop your opinions or comments below. I will be grateful.
