Possible dip to retest support at ~20 then 35 to 100-2000 sats
- 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/...urrencies/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/...urrencies/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.
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?