Hello and welcome to episode 20 of TA (Technical Analysis) Today we are diving into The BTTC Token!
Hello everyone welcome to the Tron Fan Club!
I have been analysing the price action of BTT for quite some time and have already made huge profits by investing in this token. And now once again there is a strong possibility of a very good upmove in this token which can be understood by analysing the price chart on a larger time frame. So without wasting time let's analyse its chart.
In the above screenshot you are seeing the weekly chart of this token where an upmove of more than 200% was seen with the breakout of a long downtrend in October 2023. Then after a correction of a few weeks, the token once again hit a high of almost 180% from February 2024 and similarly another massive buying increased the token by almost 150% from November 2024.
If we look closely at this entire price action, firstly, a decline is visible in the overall buying momentum here due to which a lower-highs structure is being formed, secondly, a strong support trendline has formed on the chart in which higher-lows can be understood. I have marked both support and resistance on the chart above.
Now by looking at this price action, you can guess how likely it is that BTT will have another upmove again in 2025. I have already created my position in this token at this level. However, I think it can be consolidated here in a few more weeks. But eventually, there will be another big up move in which according to me, this time again more than 100% of the move will be captured. But all this is just a matter of trading perspective. I find the fundamentals of this token to be very strong and have the potential to make you a millionaire and for that, I would invest separately but it is also true that the journey is long for which you will have to learn patience and rise above the greed of short-term gains.
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