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Long Setup - Update
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 and start to consolidate in the triangle pattern. Point C is also a retest of the previous break of trendline resistance.
In my opinion, the EMA 200 could hold the price to more upsides, and hopefully, break the resistance level of 0.0078 and seek for the previous all-time high.
This is not financial advice.
Leave your ideas and comments will be grateful :D
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 and start to consolidate in the triangle pattern. Point C is also a retest of the previous break of trendline resistance.
In my opinion, the EMA 200 could hold the price to more upsides, and hopefully, break the resistance level of 0.0078 and seek for the previous all-time high.
This is not financial advice.
Leave your ideas and comments will be grateful :D
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