#ampbtc

Following the previous idea on Synereo AMP, uptrend has begun as expected and price went all the way up and above the first strong resistance at 5k satoshis area. While the resistance has been broken AMP/BTC

Synereo has found the bottom at 2500 satoshis and immediately went up towards 50% Fibonacci retracement at $5k satoshis, that has been rejected. Price has corrected down and went back to the downtrend

Synereo AMP has been trending downwards since the beginning of the year and has lost 67% to Bitcoin while moving from 7800 satoshi down to 2500 satoshi area. Fibonacci applied to the uptrend trendline