BIGTIME current chart and possible indicators (daily)
2024-12-05
Category: gaming

MEXC:BIGTIMEUSDT  is not the easiest chart to analyze - due to it's short story and thus lack of information. BIGTIME had a huge ralley to 1 dollar back in December 2023 and was, since then, in an downtrend. 

That downtrend found its bottom in August 2024 at around 5 cent and consolidated out of the downtrend (bottomed out) at that time.  Since then (or at least since september) we can see a steady climb with higher highs and higher lows towards the VAH (value area high) of the whole market at around 26 cents. 

if we use fibonacci to evaluate the bottom as the low and the last higher high as the high, we see a 50% fib retracement level (if it retraces from here) at around 13 cents. given the current sentiment, the fact that bigtime is a very hyped game coin and that there is high potential to rip this bullmarket, given the steady climb since september - I see BIGTIME climb higher towards the 50% fib ob the all time high (52 cents) and further progression towards the Golden Pocket at 64-67 cents and a next hold at 79 cents (for now). 

of course that doesn't mean that BIGTIME won't go higher, quite the contrary. it just shows the potential we face right now. I think BIGTIME could easily hit 3 $ this run - which would make it an 14x from here even tho we had a quite substantial run from the bottom (340%)

if the channel breaks, it doesn't invalidate the bullish sentiment. 