AlanSantana

Bitcoin Gold (BTG) Trying To Recover - More Basics

Long
BINANCE:BTGBTC   Bitcoin Gold / Bitcoin
Here we have BTGBTC ( Bitcoin Gold ) trading high up...

We can see its price trading within a falling wedge .

Support is being found at MA200, black line on the chart, which is right above the 0.786 Fib. retracement support level relative to the last bullish wave.

It is still early and we have some resistance ahead... But we see other altcoins recovering, BTGBTC is very likely to follow as well.

We have hidden bullish divergence with the MACD .

The trading volume is still low but it is starting to turn green.

On this chart, we are bullish above 0.000957 (MA200) and 0.000840 (0.786 Fib. retracement support).

If prices go below the above mentioned levels, we look at the bearish scenario...
Meanwhile, we continue aiming up.

This pair continues to be bullish long-term...
We have very strong and clear higher highs and higher lows.

Thanks again for reading.
There will be more.

Namaste.

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